QAV Blog

Invest­ing insights, pod­cast episodes, and mar­ket analy­sis.

QAV S01E43 — No Old, Bold Pilots

Dec 27, 2019 | , ,

On this episode:

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.

QAV S01E41 — Cash Is A Fact

Dec 12, 2019 |

This week we talk about why our port­fo­lio out­per­formed the index by 1300%, the wis­dom of Peter Lynch, why Howard Marks wants to stay in the mid­dle, and our stock analy­sis of the week is Uni­ver­sal Coal.

QAV S01E40 — Tony Gives Up His Rights

Dec 4, 2019 |

Tony talks about rights issues and some of the com­plex­i­ties involved in know­ing whether to take them up or not. I know, right? Sounds bor­ing! It was­n’t actu­al­ly, I learned a lot. We also dis­cussed a few recent news arti­cles about val­ue invest­ing, Tony reveals his wine of the week, and in our analy­sis sec­tion we break­down the finan­cials of Hori­zon Oil. 

QAV S01E39 — The Discounted Cash Flow

Nov 28, 2019 |

Anoth­er long episode!
WIth talk about why we sold Apol­lo Tourism again.
Howard Marks and the “Great Sag”.
Tony explains how to cal­cu­late a Dis­count­ed Cash Flow in detail.
We talk about our friend Torsten’s new bit­coin film “Cryp­topia” and what we think about bit­coin as an invest­ment.
Tony reveals his drink of the week.
And our analy­sis this week is Tap Oil.

QAV S01E38 — The Negroni Method

Nov 20, 2019 |

In this week’s jam packed episode, we answer the fol­low­ing ques­tions from new sub­scriber Tess in Mel­bourne:

1. Dur­ing report­ing sea­son, how do you decide which com­pa­nies to put through the check­list giv­en there are 2000 or so list­ed com­pa­nies on the ASX?
2. The AFR new 52 week high tables have not been avail­able since July, is there any oth­er place I can source this info or can you rec­om­mend an alter­na­tive strat­e­gy for pick­ing stocks to analyse?
3. I would like to be able to per­form my own finan­cial strength analy­sis as I do not have stock doc­tor. Cameron went over this briefly in one of your ear­li­er episodes but there are some gaps in my knowl­edge.

We also talk about the Sohn Hearts and Minds con­fer­ence that’s hap­pen­ing this week as well as the Wil­son Asset Man­age­ment AGM.

This time it’s different.

Nov 12, 2019 | ,

In his book “The Most Impor­tant Thing”, bil­lion­aire val­ue investor Howard Marks from Oak­tree Cap­i­tal quotes from a book pub­lished in 1932 called “Oh Yeah?” by Edward Angly.  It’s a com­pi­la­tion of wis­dom from busi­ness and polit­i­cal lead­ers from just before the Crash of…

QAV S01E37 — Preparing For The Collapse

Nov 12, 2019 |

This week Tony answers a cou­ple of ques­tions from club mem­ber Dave about why War­ren Buf­fet & Berk­shire are sit­ting on a mas­sive pile of cash and how Tony is prepar­ing for a “glob­al mar­ket crunch”. We also talk some more about list­ed invest­ment com­pa­nies and in our club sec­tion we take a look at the finan­cials of gold min­er PRU (Perseus Min­ing).

QAV S01E36 — Listed Investing Companies

Nov 7, 2019 |

This week Tony explains why he some­times invests in List­ed Invest­ing Com­pa­nies like Wil­son Asset Man­age­ment. We also talk about what to do with our worst-per­­for­m­ing stock SMR, our extreme­ly good end of month results, Tony’s horse that ran on Mel­bourne Cup day (not as good), and my son Tay­lor joins us to analyse oil and gas explo­ration and pro­duc­tion com­pa­ny CUE.

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