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
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Back to answering your questions today, including topics about leveraging your portfolio, replacing Stock Doctor with another data source, banning short-selling, investing in REITs, how to prioritise the watch list, and just generally when to buy back in. Tony’s basic approach right now is to “wash your hands – and then sit on ’em.”
As it’s been a year since we recorded our “introduction to QAV” episodes, a couple of our listeners suggested it would be a good idea to re-record them, now that we’re much smoother on the mic. So we present – QAV Reboot. We introduce ourselves and the QAV system of investing in shares.