Every now and then, you come across a company that dominates a market, sector or technology. Some investors call these companies ‘Gorillas,’ after a book written in the late 1990s. The book is called The Gorilla Game: Picking Winners in High Technology. It was written in the late 90s and is effectively a guide to…
The stock market is a funny ol’ place. Think about it. Two people can have completely different perspectives – and both may be right. Let’s use an example in Xero Limited (ASX: XRO), the accounting software company. Me: “I think Xero is a fast-growth company, worth owning for 5 years.” Another investor: “I think Xero is overvalued because it doesn’t make a…
Why I took a bite of Apple Let’s start with a full disclosure: I own Apple (NASDAQ: AAPL) stock. I’ve owned it for years. It’s my largest global stock position – and number-two overall. It’s also the first company I formally recommended to members of our Rask Invest stock picking service. (Side note: Why is it not my largest…
The Xero Limited (ASX: XRO) share price is rising this morning after the software company announced the acquisition of Waddle
Last year, one of Australia’s leading investors and fund managers walked into my office for a recording of The Australian Investors Podcast. I had just been scribbling some notes on my whiteboard about philosophy, discount rates and practical aspects of investing in high growth companies for the long run. He saw some of my chicken scratches,…
At Rask Australia, we believe an investment strategy and process should change when the facts change, as John Maynard Keynes famously said.
How does ETF investing go seriously wrong? If you don’t pay attention to ETF buy-sell spreads, the advantage of low MERs can evaporate.
The latest instalment of Rask Australia’s The Australian Investors Podcast features portfolio managers Tom Millner and Will Culbert from Contact Asset Management.
Dividends from Commonwealth Bank of Australia (ASX: CBA) shares and the ‘Big Four’ have been put under the microscope. So far, CBA has held up the best of the majors. Below, I take you through how an analyst would look at the shares and ways to put a valuation on it. Obviously, I’ll keep things…
