Season 1, Episode 43
No Old, Bold Pilots
“There are old pilots and there are bold pilots, but there are no old, bold pilots.”
– Charles D Ellis
On this episode of our investing podcast:
- We have our second QAV Club subscriber guest, Paul, a criminal lawyer from Sydney, who calls himself “a disastrous investor”.
- Paul asked Tony a bunch of great questions about the checklist, including drilling down on why Tony doesn’t try to understand a business deeply before he invests in it (like Warren Buffett and Peter Lynch), and about understanding how to factor in shorting.
- Cameron reads out some quotes from “Winning The Loser’s Game” by Charles D Ellis and gets Tony’s comments on them.
- Our stock deep dive of the week is MRC – Mineral Commodities
Listen to Free Episode
This is my highlight show for 2020. Obviously, from an investing perspective, 2020 was all about how to handle Australia’s first recession in 30 years and a major market correction, so I’ve pulled together some of Tony’s comments on those subjects in the first half of the year. To finish off the episode, I picked a couple of clips of TK talking about the miracle of compounding and why investors need to embrace volatility.
Our guest on our final episode for 2020 is QAV Club member Damien Parker. He joined us recently to chat about his investing and business career. After a successful career in accounting and a failed property development business, Damien bounced back to write 30 business programs/manuals which grossed $50 million – and created Positive Business, the longest-running newsletter to the small-medium business community in Australia. On this episode he talks about his Business Lessons, why he put up his prices, and why he provided a 120% money-back guarantee.