All Australian Episodes

On this episode we talk about MYR becom­ing a sell; Tony’s prob­lems with Howard Marks’ lat­est memo; the new AF sheet; and our stocks of the week, includ­ing Tony’s pulled pork on BPT.
In the club episode we answer ques­tions about using West Texas v Brent Crude, using Mar­tin Roth’s Top Stock book, pay­ing atten­tion to announce­ments dur­ing con­fes­sion sea­son, and what impact inter­est rate ris­es might have on QAV in the com­ing months.

This episode is most­ly a recap of lessons learned, high­lights and low­lights of 2021. We talk about our port­fo­lio per­for­mances (eg the QAV port­fo­lio, and our own per­son­al port­fo­lios) in this dif­fi­cult cal­en­dar year, Tony talks about how there seems to be a cri­sis every three years, and we answer a cou­ple of ques­tions about cal­cu­lat­ed sen­ti­ment and stay­ing ful­ly invest­ed dur­ing down­turns.

This week: miss­ing the SUN sell; New Bret­ta­la­tor ver­sion; keep­ing an eye on the sell lines for the stocks of the week; the three fin­gers of the econ­o­my; the MQG SPP; the WAF SPP; Top 3 Dum­my Port­fo­lio stocks for the week; NAB is removed from the Buy list; SA enquiry into Kan­ga­roo Island port; CCP and STO fessed up to Job Keep­er; BPT CEO resigns sud­den­ly; Why did FMG rise when Iron Ore dropped; GAP price drop after fore­cast­ing a loss for the half; Stocks Of The Week — ATP & SUL.

In the Club: is it best to buy from the top of the list or with new entries; the psy­chol­o­gy of buy­ing shares at all time highs; and avoid­ing get­ting lost in the micro weeds.

This week we’re talk­ing about our top three stocks from last week (PRU, BFG, CVL), SHJ (the qui­et sleep­er), why you shouldn’t inno­vate until you’re a QAV black belt, why we should NOT fil­ter Price-to-Oper­at­ing Cash Flow 7 (whoops), and why Rule #1 is impor­tant. In the Club edi­tion, we talk about the stocks of the week (WGX, ABA), the failed GCY acqui­si­tion (by WGX), the mis­takes Tony heard on anoth­er invest­ing pod­cast, whether or not direc­tors tak­ing large posi­tions in their own com­pa­ny deserves extra cred­it, the weird CBA sell line, MAD’s weird share cap­i­tal num­bers, IHVV’s returns, the MQG SPP, Tony’s expe­ri­ence with LIC returns, and how much real estate is enough.

This week we’re con­grat­u­lat­ing Brett and Rowan on their per­for­mance, talk­ing about KPT turn­ing into KIL, ZGL’s sud­den col­lapse, new ANZ num­bers, the iron ore chart fudge, our top three per­form­ing stocks from last week, Tony’s stock tips of the week (IMA and AMI), whether we should hold for a min­i­mum of 12 weeks, GCY’s PE his­to­ry, what Lev­el 5 of QAV might look like, explain­ing the flat bot­tom rule again, ‘mas­sag­ing’ the process, new bank rate, and behav­iour­al shifts for becom­ing bet­ter investors.