Updates on commodities and our portfolios; Collins St Value Fund performance vs the DP; FMG has 2 finance departures; Mortgage rate survey now 6.5%; Magic Millions horse sales setting new record; QAVvers and fees saved; confession season; the lithium lovers are alive and kicking; using a home loan redraw; Terracom’s (TER) involvement in the investigation into potential fraud; CRN CEO’s retirement; Is TK fully invested? Pulled Pork this week is Seven West Media (SWM).
Munger turns 99, Commodity updates, Portfolio updates, commodity status on buy list, Pulled Pork on VUK, Brent’s returns, TK’s new year resolutions, AMPs situation re Dexus, FMG exodus, buying stocks when their sell line is above the rule 1
This week we’re talking about Navexa portfolio issues, overconfidence in investors, Murph resigns from Berkshire, Berkshire invests in a crypto bank, Munger’s recent Q&A, BFG’s money laundering problems, HUM’s acquisition by LFS, CGF back on the buy list, S32 is Tony’s pulled pork, Ares buying into GMA, FMG is a Josephine, and then we answer your questions about Grantham’s bubble warnings, using trend lines to know when to cancel a Josephine, the iron ore sell price, buying stocks close to the sell line, using company market cap figure relative to Index Funds to determine whether a company’s share price could be at risk of a near future increase or decrease, kissing a few frogs to get a prince, holding on just for the takeover premium and FEX’s very low sell line.
Our two stock tips for the week.
It’s time for our last show of the year and my annual tradition of trying to pick some highlights from the last 12 months. This year I’m mostly focusing on the journey we went through with iron ore. Back in January 2021 we were talking about FMG and the stellar run it had been on, and why we weren’t going to rush into selling it, particularly when it had a very low sell line. But as the year progress, Tony started to talk more and more about watching the iron ore commodity price which, even though the CEO of FMG assured us would stay strong for a long time, started to slide in the second half of the year, prompting Tony to make some painful decisions….