The biggest thing on the radar of Woolworths and Coles isn’t Aldi, it’s Amazon. Richard Goyder himself said so in his address to the Retailers Leaders forum a few weeks ago. … Read More
Aussie market underperforms US by 4.8% in the quarter to 31 March
Even before the bank-led sell off of today, the ASX 200 was doing badly. For the quarter to 31 March, it underperformed the US S&P500 by -4.8%, with the US index … Read More
Disruption doesn’t stop because markets fall…
It’s only a year ago that we highlighted the incredible progress made by US robotics pioneer Boston Dynamics with its four legged ‘robot cheetah’, and now we see the two legged … Read More
It’s the model, stupid…
It’s not about interest rates, or dividends or technical trends or any of the other hyped nonsense which passes for commentary, and last night we had the proof. Global indices fell, … Read More
Malcolm and the unicorns – first published in The Sydney Morning Herald
Malcolm Turnbull is absolutely right to be throwing the switch to innovation – Australia is not going to mine or bank its way into an improvement in its long term growth … Read More
Atlassian – worth a lot more than US$3.3b?
The F1 (effectively a prospectus without a price) for Atlassian reveals a lot of figures, but is silent on the main one – how much the business might be worth. I … Read More
Weak data in China? Not in these names…
The world has been very nervous about China in the past two months, with a series of weak data prints (lowest quarter industrial sector growth in 20 years at 5.8%, bearish … Read More
Australian blue chips? Absolute shockers…
The US reporting season, which is currently in full swing, has dramatically illustrated the difference in the performance of traditional blue chip Australian companies relative to those that are disrupting them. … Read More
Start-ups or disruptive corporations? Where best to invest?
Big news in disruption in the next few days, with Amazon reporting Friday morning (Aussie time), Google the day after and Apple on Thursday. An equal dollar investment in all three … Read More
Who gets caught when the markets say ‘Gotcha!’ to fossil fuels?
We have been led to believe that the planet is the first victim of our slowness to move to renewable energy. It is the second. The first group affected are those … Read More
What’s under the hood of your Super Fund
Your superannuation, which you may manage yourself or may be run by one of the many managers, is there to harvest returns for your retirement, right? So what, exactly, do you hold? And should you be surprised that to learn that irrespective of what manager you have chosen, they have all chosen the same shares? And in ratios that are quite close to one another, when considering the overall portfolio?