Season 1, Episode 1
Get Rich Slowly
Welcome to our new value investing podcast.
My mate Tony is a very successful private investor. For the last 25 years, his share portfolio has, on average, doubled the performance of the stock market, every year. On this first episode, Tony tells me his story – how he went from growing up poor in Brisbane, to starting his investment portfolio, losing half of it in the first year, working out the kinks, to becoming very, very good at it and getting rich – slowly.
In future episodes, he’s going to teach me his checklist-based system for value investing. If you’re not familiar with that concept, it’s how guys like Warren Buffett invest. Value investing is basically the idea of finding high quality companies with a strong track record of generating lots of cash, but whose share price is for some reason currently undervalued. You buy those stocks and wait for the market to catch up.
This week we chat with Chris Stott, Chief Investment Officer at 1851 Capital and then get into our regular show, where we discuss the MRC collapse, the CAA takeover bid, Geoff Wilson’s LIC strategy, our SOTW (DSK), if MYR is close to a sell, DKM dropping off the buy list, directors transactions, IV2 challenger strategy, why research firms suspend coverage on stocks, using (ATR) average true range multiples to set trailing stops, current US valuations, and whether or not TRS as a recent positive upturn.