We farewell a QAV member; gold is a sell; iron ore is close; pump and dumpers duped millions out of Aussie investors; BPT results; Buffett’s casino analogy; profit taking driving up inflation; Duncan on asset washing; pulled pork on ACL; using the 3PTL on ETFs; has TK done better out of mining or industrial stocks; how and why of the Average Daily Trade rule.
During turbulent times, we have to have discipline; Elon and Twitter; MHJ shares up on strong quarterly sales; Iron ore about $5/Ton above its fudge sell line; Pulled Pork — AMO; MQG’s cash flow; CFO of ASX Ltd has announced her departure — a bad sign?
This week: I caught COVID, stochastic processes, interest rate rise, growth after corrections, Munger invests in Australia, the Coppock Curve, Buffet backs BYD, Pulled pork on WHC, 2BL examples, banks and downturns, and underlying indicators for retail.
As the financial year has ended, we discuss our portfolio performance, and then discuss BYE’s qualified audit, Confession season, mortgage rates, Pulled Pork is NZM, Iron Ore prices, 2nd Buy Line examples, and dollar cost averaging vs going all in.
Michael Goldberg from Collins St Value Fund joins us again to talk about how they are managing the current market. This interview was conducted on June 8, so please take that into account.
This is “the white-knuckle part of the cycle”. Portfolio update. Iron ore and gold charts. Stockhistory v Stock Doctor prices. GMA and mortgage issuances. The milk stool legs. RBA and inflation. Small rods is WAY down. Wash-selling. PE contraction. Pulled pork on WDS. Benching Michael Jordan. UPST. Lots of Rule 1 questions. Buying a “wonderful company at a fair price” and ignoring sentiment.