I like how the first third of the show isn’t just focused on mining (which is why we’re all here mind you) - these guys clearly have alot more perspective, knowledge and insight into the broader market other than companies just moving dirt, really great to see a different side of the channel, well done
Imagine buying an investment purely on the idea that you hope that some index fund / super fund trustee buys it from you later for more. Perhaps financial historians will look back at cap weight indexing / momentum strategies in 30 years time and come to the conclusion that it was the greatest misallocation of capital in human history.
Ricciardo makes a good point when he says that momentum can unwind quickly, as we've recently seen with a few individual mega-caps. The question will be, if it does unwind, what will be the delta between where the passive has taken the price to against where the actives will see value and buy? (I'd suggest a lot.)
Let me rephrase this: Summary: our fund performed shithouse because we were under-weight 'tulip bulbs'; 'tulip bulbs' out-performed due to super/ETFs. 😂
Oooff - pulling no punches there, not on the S32 or BOE xmas card list now. S32 - Tier 1 mindset with Tier 2 assets and Tier 2 management. BOE - "best of a bad bunch"
Yes, QSuper limited investment to ASX100 from 1/7/24 so understand what Romano is saying. Can't put money into ASX101-300 which sucks because resources stocks are cheap. Holding cash parity 💸 because the likes of commbank is potentially overvalued and going BHP RIO as he says
Sorry this guest no idea , Absolutely inconsiderate with the comments around Chris , it’s ok to cheat and steal ? What about integrity ? Love the show.
I like how the first third of the show isn’t just focused on mining (which is why we’re all here mind you) - these guys clearly have alot more perspective, knowledge and insight into the broader market other than companies just moving dirt, really great to see a different side of the channel, well done
Another excellent interview. Thank you guys. keep 'em coming.
what a great listen! thanks to you all
Imagine buying an investment purely on the idea that you hope that some index fund / super fund trustee buys it from you later for more.
Perhaps financial historians will look back at cap weight indexing / momentum strategies in 30 years time and come to the conclusion that it was the greatest misallocation of capital in human history.
Whitehaven seems to have a current ratio of 0.71. Do you see any liquidity issues?
Summary: our fund performed shithouse because we were under-weight banks; banks out-performed due to super/ETFs. 😂
Ricciardo makes a good point when he says that momentum can unwind quickly, as we've recently seen with a few individual mega-caps. The question will be, if it does unwind, what will be the delta between where the passive has taken the price to against where the actives will see value and buy? (I'd suggest a lot.)
Let me rephrase this:
Summary: our fund performed shithouse because we were under-weight 'tulip bulbs'; 'tulip bulbs' out-performed due to super/ETFs. 😂
Great talk, thanks Romano
love to hear a deep dive on Southern Cross Gold Consolidated Ltd (sx2)
Seconded - especially with the TSX and the latest results
Wide ranging discussion
Good one again. Cheers.
MIN I repeat MIN will not reach run rate as guided, just like they didn't with their lithium ops. Will be next year if ever.
Better than bloody Core Lithium lol
One possible risk to overvalued share prices (with decreasing dividends) might be money pouring out of sharemarkets and into Bonds?
Oooff - pulling no punches there, not on the S32 or BOE xmas card list now. S32 - Tier 1 mindset with Tier 2 assets and Tier 2 management. BOE - "best of a bad bunch"
the best retailer in Australia and in the top 10 in the world is Mecca. Bunnings were many years ago..
Yes, QSuper limited investment to ASX100 from 1/7/24 so understand what Romano is saying. Can't put money into ASX101-300 which sucks because resources stocks are cheap. Holding cash parity 💸 because the likes of commbank is potentially overvalued and going BHP RIO as he says
Sorry this guest no idea , Absolutely inconsiderate with the comments around Chris , it’s ok to cheat and steal ? What about integrity ?
Love the show.