Tony Kynaston is an expert on value investing. Over 25 years, his investment portfolio has achieved an average 19.5% compound annual return. Now he's going to teach us his system for successful investing, based on the Warren Buffett / Benjamin Graham school of intrinsic value.
The Contra Guys
A few months ago, one of our members put me on to Benj Gallander and Ben Stadelmann, two Canadian value investors who go by the moniker “Contra the Heard” (http://www.contratheheard.com). They've been around a long time,
We’ve been banned from talking about crypto and fund managers; Mark’s checklist for the checklist; kids and investing; commodity update; portfolio update; are we counter cyclical; new results in SD for ECX and NAB and PDL; CGT planning; top 3 LICs; S32 update; Renko charts; setting Josephine alerts; pulled pork on PTL; stocks and high interest rates; defining "independent director”; how quickly to buy after a sell; the difference between a Josephine versus a falling knife; gold USD v AUD; the ACL chart; operating cashflows and lease payments.
Blood On The Streets
There’s blood on the streets! We introduce the underlying commodity Josephine rule, MML is now X64, aluminium is a sell, iron ore sell fudge, RBA lifts interest rates, Rule 1 price for penny stocks, pulled pork on PDL, what is a "Cash settled total return swap”, investing during interest rate rises, Alumina v Aluminium, Rule #1 alerts when you’ve bought a particular stock in a few different tranches, GMA and the Impact of rising interest rates, when to factor a dividend back into the price.
We’re talking about the Berkshire AGM, poor fund manage performance, pulled pork on AMP, the TRS CEO departure, CCP’s drop, linear v log charts for 3PTL, and everyone’s fear of low sell Iines.
We are joined by guest Steven Mabb, Chairman of the Australian Shareholders Association, to talk about the importance (or not) of voting in AGMs and how the ASA can help. Later we talk about: BRK AGM this weekend, China’s lockdown, Netflix’s stock price, PGL on our buy list, the Solomons and China, the BHP/WPL de-merger, over-exposure to mining and China, what to do with stocks that go nowhere, why TK prefers a LIC instead of a ETF in case of emergency, the importance of EPS growth, the differences between ROIC and ROE, and AMP’s ‘qualified opinion’.
When You Predict
Afterpay losses explode; natural gas prices at 13-year high; Stocks of the week; Portfolio update; selling SFC; Yield curve has righted itself; BRK has invested $22bn in purchases this year; PRU pulled pork; where to find board ownership if no SD; foreign connections to a non-democratic country; How does TK determine number of stocks he owns?; the impact the Federal and State Govt schemes on GMA; buying stocks with a small spread between the buy & sell 3PTL; digital security measures for protecting our portfolio's in a SelfWealth scenario.
A Good Horse
Insight into Qav’s iterative & systematic approach to investing has been excellent. Honest, sensible, & methodical. Tony loves horses & Cam is a dark horse, smarter than he lets on….
Five Stars gents for making it fun & informative.
Worth the cost and time x100
I have been a paid member of this show and program for about 18 months now and have been meaning to write a review virtually for every episode sometimes. In summary, podcast is virtually life changing from a share investment point of view.
My previous approach to investing was to invest passively normally based on friend’s or broker’s recommendations only.
The main difference with this podcast is that it is a system to follow and implement so there is a time and cost investment required for the user - however this has been repaid many times in terms of the actual performance of my shares but also and most importantly my understanding of the share market and where I was previously making sub optimal investment. Whilst I have listened to the podcast many times over I have only met TK and CR once so I can say with complete unbiased recommendation that this system for me has been literally LIFE CHANGING.
Well worth a listen
As an absolute novice investor I have learned more about investing from this podcast than I have from any other source. Tony’s advice is amazing and Cam keeps him down to earth/makes sure he explains all the complex stuff for us numpties