Warren Buffet

The growth vs. value debate has been well trodden. Growth has clearly won the day and the decade, almost solely due to the majority of technology companies falling into the growth camp. Powered by an incredible digitalisation and disruptive innovation trend, if you bought anything growing earnings it will likely have paid off. Value investing…

In a nutshell, value investing is buying ‘quality’ companies at prices well below intrinsic value. Quality defined using four characteristics: Quality business that sells quality products, usually market leaders. Low debt – Tend to handle downturns better. Sound management Recurring earnings – Start-ups are not preferred. Warren Buffett’s famous saying “Finding an outstanding company at…

Montgomery Investment Management, the firm founded by tireless Australian ‘value’ manager Roger Montgomery, has had a busy start to 2021. Sometimes compared to the doyen of value investing, Warren Buffett, the firm’s focus on investing in “companies, not stocks” and seeking “intrinsic value” has made it difficult to generate returns in a growth-oriented and bubbly…

The most-quoted man in finance, Warren Buffett, recently released the quarterly update of portfolio holdings for the US$570 billion ($730 billion) Berkshire Hathaway conglomerate. There is little doubt that Berkshire (NYSE: BRK.A) was incredibly busy during the final quarter of 2020. Most interesting was the decision of management to request that the US Securities and…

New retail investors entered the sharemarket in droves over the first six months of the pandemic’s impact. Contrary to widely held views, for the most part, on average, they did very well. Very well indeed. But one has to be careful of averages. They can often mask skews from big single numbers and rarely do…

The sound was deafening. It was the early stages of an unexpected global pandemic that had sent the entire world into meltdown. Both the short- and long-term impacts remained uncertain, the only certainty was that the movement of people around the world had ground to a complete halt: the worst-case scenario for investors in the…

Gold is trending up, in price and discussion on its role in a portfolio. While European investors have typically included an allocation to gold as a matter of course, it is less common elsewhere. The European bias harks back to the debasement of currencies in early 1900, the safe-haven status during the war and the…