The Rules of Investing

Matthew Kidman: Uncut

Regular readers of Livewire will know Matthew Kidman from his role as ‘anchorman’ for the popular Buy Hold Sell video series. He has also played a critical role in expertly moderating panel sessions at the annual Livewire Live investor event.
Matthew is a highly accomplished investor with an impressive track record. Following 13 years at Wilson Asset Management where Kidman established his own firm Centennial Asset Management.
A common request we receive at Livewire is to hear Matthew’s views on investing and markets. Today, we’re delighted to bring you an in-depth discussion covering Matthew’s investment philosophy, his current views on equity markets, two small cap ideas that meet his criteria, one investment lesson that keeps coming back to bite him and plenty more...
Guest host: James Marlay, co-founder and Executive Director at Livewire Markets.

Two small cap ideas with years of growth ahead

Two small cap ideas with years of growth ahead by Livewire Markets

Location & Timing: The rules of property investing

Guest: Tim Slattery, CEO, APN Property Group
With all the focus on residential property, investors could be forgiven for forgetting that other property classes exist. But between office, industrial, retail, and healthcare, there's a whole world of property out there that remains unexplored for many investors. With this in mind, this week's guest on The Rules of Investing is Tim Slattery, CEO of APN Property Group, who's led over $8 billion worth of property deals in Australia and Europe. Tim's experience covers everything from retail and office, through to healthcare and industrial. This in-depth interview covers some of the risks and opportunities in Australian property today, how the GFC changed the face (and balance sheet) of the AREIT industry, and how ecommerce is transforming industrial property today.

Making money from market falls

This week’s guest on The Rules of Investing (ROI) is Ben McGarry, founder and Portfolio Manager at Totus Capital, and an expert in short selling. Ben started his career at an accountant at PWC, allowing him to gain skills that would be invaluable later as he searched for frauds, fads, and failures on the short-side of his fund’s portfolio.
Tune in below to hear about the accounting tricks companies use to mask their true performance, his public short on a household name, and why it took a public short-report from Glaucus to bring attention to the issues at Quintis and Blue Sky.

Investing through uncertainty

Guest: Michael Thawley, AO,Vice Chairman of Capital Group International.
Whether you're investing in equities, debt, or alternatives, uncertainty is an inescapable part of the game. But Michael Thawley, AO, Vice Chairman of Capital Group International, says this current period of political uncertainty is unique;
"I've never been more unsure about what the future holds than I am now."
And he should know, having spent 46 years in foreign affairs, diplomacy, and politics. His appointments have been wide ranging, including International Advisor to John Howard, Australian Ambassador to the USA, and Secretary of the Department of Prime Minister. Now, having left political life, he advises Capital Group, the world’s largest active fund manager, on important geopolitical issues. In this week’s episode of The Rules of Investing, we discuss the US-China trade war, Australia's relationship with China, and we'll hear about the time he was personally invited to the Whitehouse by President George W Bush.

The Rules of Investing: The virus that affects all assets

When a young Charlie Jamieson arrived at work in London on September 11th, 2001, little did he know how much that day would affect his views on markets. At the time, he was trading US Dollar bonds from Merrill Lynch’s London office, having just left the New York office three weeks earlier. It was a harrowing time, but it wouldn’t be the last time that he faced a major catastrophe as an investor. Years later, he found himself managing Euro portfolios throughout the GFC and the Euro Crisis. While many investors would remember the equity sell-offs that follow, these crises were often centred around debt markets. But it’s not just times of crisis that rates matter, in the full podcast, Charlie explains why interest rates are the virus that affects all assets.

The Rules of Investing: A bright future for growth investing

Guest: Nick Griffin, Chief Investment Officer at Munro Partners.
For decades, traditional wisdom has held that value investing is the only way to outperform, and with good reason. Until the GFC, value had outperformed growth in all but a few brief periods, and those periods immediately preceded a major bear market. But for nearly a decade now, growth has produced superior returns.
While some may argue that zero interest rates and quantitative easing are to blame/thank (depending on your positions), a look at the top 10 companies in the world tells a different story. As the world exited the worst of the GFC, the top 10 companies in the world were all traditional businesses – oil, supermarkets, banks, and telcos. 10 years later, the list is dominated by digital businesses.

The Rules of Investing: Navigating the late cycle with Paul Moore

Paul Moore, founder & CIO of PM Capital, discusses his big picture views, characteristics of investments to own and avoid, examples of current pricing anomalies and one major risk being caused by investor crowding.