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.
Our guest today is Dr Jenny Fagg, CEO, 2Be. Jenny has had a long career in banking and finance, with roles including Chief Risk Officer of AMP Limited, EVP of Products and Payments at CIBC, one of Canada’s five top banks, CEO and Managing Director of ANZ National Bank Limited, New Zealand’s largest bank and wealth business, Managing Director of ANZ Consumer Finance in Australia, senior leadership roles in risk and marketing management at Citibank, and Jenny established the consulting practice in retail lending and customer profitability at KPMG. She holds a PhD in Management (Risk) and a Bachelor of Economics (First Class Honours in Organisational Psychology). And she is also Tony’s wife. She joined us recently to talk about her new venture, her book, “The Gist of Generosity”, and what it’s like being married to Tony.