By Alex Pollak and Anshu Sharma (originally published in the ASX August Investor Newsletter) When Loftus Peak first began taking investor funds four years ago there was a perception that smartphones and Google searches meant the world was hooked up and the big disruption money had already been made in the … Read More
Alex Pollak on 2GB with Ross Greenwood – Apple the first US trillion dollar company
Why third quarter results pushed Apple to US$1 trillion in value Apple sales were boosted by an average selling price per iPhone which went from below US$600 to US$724. Quarterly revenue was up 17% in the quarter, relative to the prior corresponding quarter, with services revenue up 28% normalized, with a … Read More
Apple through US$1 trillion, Google, Amazon, Microsoft hot on its heels: Runaway returns to scale?
By Alex Pollak and Anshu Sharma (originally published on Cuffelinks) The law of large numbers v runaway returns to scale There is a well understood principle in investment known as the law of large numbers. Essentially, it says that the larger a company is, the harder it is to increase … Read More
So, what happens in a crash, again?
Why is disruption working as an investment strategy? Is it actually different this time or just an extended build-up to a new tech crash? The rules of investing say the raw PE’s of Amazon, Google and the like are high by most standards, and this underpins a view by some … Read More
How Apple’s buybacks create a 27% increase in EPS
Broker calculators have been running red hot over the past week working through the implications of the large cash balances of some of the world’s largest companies, now that Apple (which is now up 10% in the past month) has told everyone that it is going to undertake what looks … Read More
President Trump is the reason Facebook users are angry with Zuckerberg – Alex Pollak on 2GB
To listen to the podcast interview between Alex Pollak and 2GB, click on the play button in the black bar below.
Pricing growth – why simple doesn’t work. Amazon, Apple and the Aussie market
By Alex Pollak, CIO Loftus Peak In the twelve months to Monday of this week, the S&P500 index is up 15.02%, while Alibaba is up 80%, Google is up 29.3%, Amazon is up 71% and Apple is up 24%. By contrast, Exxon is down 5.6%, Coke is up 7.6% and … Read More
Disruption? It’s happening
Below are the top ten listed companies by market capitalisation in 2007, and today. Look at how the top ten has changed. By Alex Pollak and Anshu Sharma, CIO and PM at Loftus Peak. Two of the firms on the list are Chinese – for example Tencent, now valued at … Read More
The beginners guide to machine learning
“The last 10 years have been about building a world that is mobile-first. In the next 10 years, we will shift to a world that is artificial intelligence (AI) first.” Sundar Pichai, Chief Executive Officer, Alphabet (Google) There is so much discussion about AI, or machine learning, that the … Read More