Bank Runs
The 18th president of the United States and the Commanding General of the Union Army, Ulysses S. Grant, spent the final year of his life in a desperate race to write his memoirs. Complaining of a sore throat in the summer of 1884, Grant delayed seeing a doctor until mid-autumn where it was confirmed he […]
Find out moreContent, Conflict & Russia
Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day… I will add, that […]
Find out moreUpdate on the current correction in Equity Markets
We are seeing a major correction occurring in all global equity markets as investors try to assess the impact of the coronavirus on corporate profits. The Dow Jones is now down over 12% from the peak it reached on the 12th February as near panic grips many markets. The extensive factory closures and travel bans […]
Find out moreFederal Budget Report 2019-20
Federal Budget 2019 – What it means for you Relaxing super rules for some over 65s and helping ease some cost of living pressures are just some of the key focuses of the Government’s 2019-20 Budget, released by Treasurer Josh Frydenberg on Tuesday 2 April 2019. This year’s Budget was particularly interesting in that it […]
Find out more20 lessons in 20 years – Part 20 (1)
Investing in good quality companies on the Australian stockmarket will remain a sensible strategy for the patient investor looking to build long-term wealth By Anton Tagliaferro, Ben van den Tol | 26 March 2019 Investing in the Australian stockmarket exposes investors directly to the endeavours of Australian company management and the growth of the Australian economy, […]
Find out more20 lessons in 20 years – Part 19
What is the most relevant benchmark when investing in the stockmarket? By Anton Tagliaferro and Michael O’Neill In an industry which is very focused on performance, an investor who has read any fund manager reports will often see references to the ‘benchmark’ and how a certain Fund has performed versus its relevant benchmark. What […]
Find out more20 lessons is 20 years – Part 15
Why a large weighting in the Resources sector is not suitable for investors looking for consistent dividends and low volatility By Anton Tagliaferro | 29 November 2018 Australia is one of the largest exporters of commodities in the world – we are the largest iron ore producer as well as being one of the largest producers […]
Find out more20 lessons in 20 years – Part 12
Always use the appropriate valuation tool By Michael O’Neill and Anton Tagliaferro | 06 November 2018 As a value manager buying companies at a reasonable price is one of the most important aspects of IML’s approach to investing. There is no single valuation method that fits all sectors and companies and there are many valuations […]
Find out more20 lessons in 20 years – Part 11
The lowest PE stocks are not always the most attractive By Anton Tagliaferro and Michael O’Neill | 26 October 2018 IML’s philosophy has always been to buy stocks with competitive advantage, recurring earnings, capable management at a reasonable price. There are several methods that can be used by investors to assess the attractiveness a company’s share […]
Find out moreGFC 10 years on: Time & Patience
OUTSIDE THE FLAGS By Jim Parker, Vice President, Dimensional Fund Advisors October 2018 In Leo Tolstoy’s great novel ‘War and Peace’, a Russian general charged with defeating Napolean and expelling the French from Russian soil argued against rushing into battle, saying the strongest of all warriors were “time and patience”. It’s an observation worth recalling as the […]
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