This week we talk about why our portfolio lagging the All Ords, sell lines for SSG and ADH, setting up a SMSF, using a DRP, AGM voting rights, qualified audit reports, and regression testing.
John Winters is the CEO of Superhero, the latest digital broking app to hit the Australian market, which offers $5 flat rate trades. A few of our listeners were concerned about how Superhero “owns” the stock that you buy through their app, so we invited John on to explain how it works and why we should all relax.
On today’s show: AJO quits. Unemployment in Oz at record levels. What does Tony do when he finds a “screaming buy” but can’t understand the underlying rational for the business? Calculating the SSG 3PTL sell price. Net Operating Cashflow vs Net Equity.
“Be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett
Yes, the market is in freefall – but that’s great for disciplined value investors. As Tony explains on this week’s episode, large market downturns happen once every five-seven years, and it’s in the rebounds that the best investors make big moves. He talks more about how he uses the three point trend line during downturns and we discuss some of our favourite snippets from this year’s Berkshire Hathaway Chairman’s newsletter.