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Forget 5am starts and inspirational quotes. Getting rich may be for the lazy

Stop. Just stop. Turn off the alarm and put down the business book. There’s an easier way to build wealth (and we promise no multi-level marketing schemes… which is exactly what a scheme would say…anyway…) There is a story that has become folklore in the market (although almost certainly isn’t true), that Fidelity studied its best performing trading accounts and …

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7 billionaires and the Australian companies they could own

There is a tipping point where large numbers start to lose all meaning. For example, what is the meaningful difference between Bill Gates’ $97 billion and Jeff Bezos’ $131 billion. Is that $34 billion gap making a difference to Gates’ life? What is that $34 billion in practical terms? One way to contextualise it is to ground it in the …

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Why the biggest risk is not investing at all

Often people will argue that the stock market is too risky to invest in. Especially for those of us that grew up in the shadow of the GFC – putting your money at risk seems too much. Far easier to protect your hard earned when it is safely insured in the bank.  The problem with that attitude is that you’re …

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Pardon the Jargon #2: 5 more terms you should know

Investing jargon. We hate it. Nothing makes it harder for new investors to get started than overcoming the wave of acronyms and terminology that comes with investing. In episode 67 (listen here) we broke down 5 key investing terms. In this blog post we break them down further, and include a lot of the detail we couldn’t include in the …

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Using housing to learn key investing terms

In Episode 52 of the podcast (listen here), Andrew Brown used the analogy of owning and renting a house to better understand some key investing terms. We thought it was a useful explanation, so we put it in a blog post for you to use and refer back to, to help you understand there terms. This post is a bit …

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How To Identify An Excellent Business – 9 Key Questions from Buffett

25/05/2018 What would Warren Buffett do? It’s the age old question all value-investors ask themselves when it comes to stock picking. Thankfully Warren’s daughter-in-law wrote a book called Buffettology that explores the techniques that have made Warren the world’s most famous investor. Back in episodes 46, 47 and 48 -“How to think Like Warren Buffett” Parts 1-1, we explore 9 …

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Put Your Money To Work – Alternative Investment Avenues

18/05/2018 You don’t have to be a genius to make money from investments. When it comes to investing, Australia is a very bricks and mortar country, meaning we love property. It’s all the rage, and don’t get me wrong, historically it’s been a very rewarding form of investment. But affording a house is a monumental task, especially if you’re living …

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7 Common Mistakes To Avoid When You Start Investing

22/03/2018 You’re at a party, and after a few drinks your friend lets it slip they’ve “actually just invested in TechHub Ltd, apparently one of the hottest tech startups in Australia at the moment.” “Oh right!” you say, this being one of the first times you’ve heard your friend talk about investing. “What does it do?” “Oh, you know, something …

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Understanding Volatility

16/02/2018 After two over-1000 point drops of the Dow Jones last week, a term has come back into use around markets: volatility. This term is probably unfamiliar for a lot of new investors so we thought we’d take the opportunity to dig in and learn a bit more about it ourselves. Volatility – A statistical measure of the dispersion of …

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Moats: What are they and why should I care?

It is often said, investors should look for companies with moats. Now everyone knows what a moat is literally, but outside of European castles and celebrities homes in LA, it’s tough to find a moat these days.

So what do we mean when we talk about a moat in an investing context?

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Pardon the Jargon #1: Breaking Down 5 Key Terms

14/10/2017 Here at Equity Mates, we’re trying to break down barriers and help everyone get started on their investing journey. A common issue for beginning investors is the confusion caused by all the different investing terminology. So to help we’re introducing a new segment, Pardon the Jargon. This blog post explains the 5 terms we covered in Episode 20 of …

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Have you paid you stupid tax?

03/09/2017 Exchange Traded Funds (ETF’s) are all the rage in investing circles these days. For those readers new to investing, an ETF is something you can invest in that gives you access to a variety of stocks with one purchase. Rather than buying one company on the stock market, you can buy an ETF – which gives you exposure to …

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I want to buy some shares! But How?

10/08/2018 We’ve helped you on your way to finding your first company to invest in. But it’s pointless if you have no idea how to actually buy your shares! Have no fear, it’s as easy as shopping online. Your broker is your best friend Rather than knocking on the doors of a company with a wad of cash or a chequebook …

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How do I find a good company? Your complete guide

16/04/2017 Finding opportunities to invest can often be the hardest part but there are plenty of resources available to help you. As with anything, the more you practice looking for companies, and the more you become aware of opportunities, the easier your investing will become. There is no magic formula, and it is entirely up to you to decide but …

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Book Review: Warren Buffett’s Ground Rules

29/06/2017 Equity Mates Book Review #2 Warren Buffett’s Ground Rules – Jeremy Miller Warren Buffett with Jeremy Miller, the author of Ground Rules Michael Steinhardt, one of the great investors, once said of Warren Buffett that, “he is the greatest PR person of recent times.” If the number of books written about him were any indication then Steinhardt may be …

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Equity Mates Book Review – Margin of Safety

11/06/2017 Equity Mates Book Review #1 Margin of Safety – Seth A. Klarman Listen to our review in Episode 11 If you are interested in value investing, Seth Klarman is a name you need to know. While Warren Buffett has become synonymous with the value investing ethos Klarman may one day be looked at in the same light. He’s already …

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Citadel Group (ASX: CGL) – Listener Stock Pitch

For our latest stock pitch for the Equity Mates hypothetical portfolio, we had Ben D’Souza from the University of Western Australia’s Student Managed Investment Fund come on the show and pitch Citadel Group (ASX: CGL). Check out UWA SMIF’s deck on Citadel here and listen to the full podcast episode below. If you have an idea for the Equity Mates …

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Company Analysis: Magellan Financial Group (ASX: MFG)

Date of Analysis: 24 August 2020 Key Metrics Market Cap $11.23b Share Price $61.61 52 Week Low $30.10 52 Week High $74.91 Revenue $692.5m Revenue CAGR(5 yr) 19.9% Net Profit $396.2 Profit CAGR(5 yr) 17.9% P/E Ratio (TTM) 28.2 Cash-to-Debt 25.3 Debt-to-Equity 0.02 Dividend Yield 3.5% Business Overview Magellan Financial Group is one of Australia’s best fund managers. Led by …

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Company Analysis: McDonalds (NYSE: MCD)

Date of Analysis: 13 August 2020 Key Metrics Market Cap $153.3b Share Price $206.02 52 Week Low $124.23 52 Week High $221.02 Revenue $21.08b Revenue CAGR (5 yr) -5.14% Net Profit $6.03b Profit CAGR (5 yr) 4.84% P/E Ratio (TTM) 32.7 Current Ratio 0.91 Debt-to-Equity -5.49 Dividend Yield 2.38% Business Overview If there was ever a business that needed no …

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Afterpay Update: 5 Big Questions from the Recent Merger

19/07/2017 Big news for our stock of the week pick Afterpay. As a quick refresher – Afterpay is an online payments company that partners with online retailers and allows shoppers to pay purchases off in instalments without incurring any interest payments. By way of an example –  want to buy a $1000 jacket? With Afterpay that jacket is now $250 …

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NDQ: NASDAQ 100 Exchange Traded Fund

19/07/2017 This was the only way we could end our tech-tacular! After all that talk about the big tech companies and some of the developments coming down the pipeline, we wanted to showcase a way to get exposure to the sector. This exchange-traded fund is a great way to invest in those trends. NDQ holds a basket of the 100 …

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BEAR: Australian Equities Bear Hedge Fund

11/06/2017 Purchase date: 9/05/2017 Price: $15.10 There has been an increasing number of news stories, professional opinions and commentary coming to light over the past couple of months warning of another potential market correction (a fall in the value of the market). The timing of this correction is still uncertain, but it made us think – what can we do …

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Afterpay (ASX: AFY)

01/06/2017 Afterpay (ASX:AFY) Purchase price: $2.55 For our fourth Stock of the Week we dive into the fintech industry, and take a chance with Afterpay (ASX: AFY). We say ‘take a chance’ because there are a lot of great things about Afterpay, but in an industry where there are some big players – Amazon, PayPal and the big banks – …

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Australian Agricultural Company (AAC)

16/04/2017 Purchase Date: 12th April 2017 Price: $1.68 This week we have chosen Australian Agricultural Company (AAC) as our stock of the week. AAC is a vertically integrated beef producer that focuses particularly onhigh-qualityy beef for export markets. They are Australia’s largest beef producer and they have the largest Wagyu beef herd in the world. Here at Equity Mates we …

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PM Capital Global Opportunities Fund (PGF)

26/03/2017 ASX Code: PGF Purchase Date: 21.03.2017 Price: $0.98 This week’s stock of the week is PM Capital Global Opportunities Fund (PGF). PGF is a listed investment company (LIC) that aims to create long term wealth for investors by investing in 25-45 global companies. They look for companies that are trading at a value different to their intrinsic value (i.e. …

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Gateway Lifestyle Group (ASX: GTY)

04/03/2017 Purchase date – 16/2/2017 Purchase price – $2.01 The first stock of the week is Gateway Lifestyle Group. Gateway offers an alternative to the traditional retirement village by offering retirees the opportunity to design their own dream home for living in one of Gateway’s 53 retirement communities. These communities are primarily located outside major city centres and are targeted …

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Digital Marketing & Social Media Co-Ordinator

About us Equity Mates Media is home of Australia’s favourite finance podcasts. The world of investing can be confusing and learning to invest is a daunting task for most Australians. Equity Mates was started to break down the barriers to investing, from beginning to dividend. With five podcasts, a tv show and a pipeline of new shows and formats, we …

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You’re In Good Company, a new podcast passionate about closing the financial literacy and outcomes gap between men and women.

Did you know that while women only make up 18% of active investors across Australia, female investors statistically perform better than their male counterparts? So why are there not more females getting into the world of investing? Does it matter that women only make up 18% of Aussie investors? Yes, it does. Whether it’s spending less time in the workforce …

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Industry Deep Dive: Video Games

BACKGROUND Digital games industry generated $120.1 billion worldwide in 2019.  $64.4 billion in mobile (or ~54%) $29.6 billion in PC (or ~25%)  $15.4 billion on Gaming Console’s (or ~13%) Industry grew 4% from 2018 to 2019.  Fortnight was the top highest grossing game of 2019 for the second year in a row, generating $1.8 billion in 2019.  XR Revenue grew …

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Forget 5am starts and inspirational quotes. Getting rich may be for the lazy

Stop. Just stop. Turn off the alarm and put down the business book. There’s an easier way to build wealth (and we promise no multi-level marketing schemes… which is exactly what a scheme would say…anyway…) There is a story that has become folklore in the market (although almost certainly isn’t true), that Fidelity studied its best performing trading accounts and …

View Post

7 billionaires and the Australian companies they could own

There is a tipping point where large numbers start to lose all meaning. For example, what is the meaningful difference between Bill Gates’ $97 billion and Jeff Bezos’ $131 billion. Is that $34 billion gap making a difference to Gates’ life? What is that $34 billion in practical terms? One way to contextualise it is to ground it in the …

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Let’s Review Jim Cramer’s 2000 Stock Picks

11/04/2018 We recently stumbled upon a speech Jim Cramer gave at the height of the tech stock market bubble (in 2000) picking his top 10 stocks. Cramer, at the time, was a noted hedge fund manager and has gone on to become a bestselling author and host of CNBC’s Mad Money. In all, a very well respected investor. This post …

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Technical Trading Insights From A Professional Trader

18/07/2018 If you haven’t already, you must go and listen to Episode #60 – “An Expert Reviews Our Trades” to get the full context for this blog post. In a nutshell, Equity Mates were given some money from Stake, to participate in a two week trading competition with a bunch of financial journalists, to beta test their new trading app. …

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Investing Styles #2 – Who Am I?

Tuesday 27 April 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand investing styles. In last week’s email we discussed what an investing style is, and the difference between active and passive. If you’re passive – that decision is easy – buy and hold market indexes, managed funds or broad thematic ETFs. If …

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Investing Styles #1 – Active V Passive

Tuesday 20 April 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand investing styles. There are plenty of different ways to make money investing. The important thing is that you find one that works for you and stick to it.  An investing style is a way in which you determine what investments …

What On Earth Are NFTs?!

Tuesday 30 March 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand NFTs, or non-fungible tokens. You’re probably noticing a huge amount of blockchain and cryptocurrency news flying around social media and news outlets. You’re also probably thinking ‘wtf does all this mean, and where do I even start?’. Fair enough. It’s …

3 Myths To Stop Telling Yourself About Investing

Tuesday 23 March 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you bust some common investing myths. Over the last few weeks, through this email, we have addressed some of the major myths that we hear about investing. These myths are often stopping you from starting your investing journey, but in reality, these …

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How To Start Small With Micro-Investing

Tuesday 9 March 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand micro-investing, and get you started investing. Forget the idea that you don’t have enough money to invest. Gone are our parents days when you needed $2,000 to get started. Thanks to technology, you can get started with as little as …

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Don’t Stock Markets Always Crash?!

Tuesday 16 March 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand that markets do crash, but it’s not the end of the world. “The stock market is too risky – it always crashes!” This is a common excuse we hear from beginner investors, as an excuse not to get started. And …

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Harnessing The Power Of Compounding

Tuesday 23 February 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand the compounding, and get you started investing. Since the creation of the first company, nothing has created more wealth for more people than investing in companies. A lot of this is due to the awesome power of compounding.  What is …

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How To Save To Invest

Tuesday 2 March 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you get your savings habits in order, and get you started investing. If you’re looking to bump up your investment amounts from a few cents to a few hundred or thousand dollars, then your money house needs to be in order. Sometimes …

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A Beginner’s Guide To FIRE

Tuesday 16 February 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand the FIRE movement, and get you started investing. In this week’s G.S.I episode, we had Candice on – an Equity Mates community member, who is pursuing FIRE. So here’s our take on FIRE. What is the FIRE movement? FIRE stands …

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A Beginner’s Guide To Reporting Season

Tuesday 2 February 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand reporting season, and get you started investing. What is reporting season?  The period of time when public companies release their business results to the market a.k.a they’re letting you (the part-owner) know how they are performing. In Australia, companies report in February …

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Don’t Work For The Company, Own The Company

Tuesday 9 February 2021 Here are 3 key concepts, 2 key resources, and 1 key action, to help you understand reporting season, and get you started investing. Why do we invest? Investing in the stock market offers the opportunity to own companies that hire the smartest people, spend billions on research and development and manage global operations all with the …

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Alphabet’s facing a major US antitrust lawsuit

What’s going on? The US Justice Department (DoJ) filed an antitrust lawsuit against Alphabet (a.k.a. Google) on Tuesday, accusing the tech giant of using anticompetitive tactics to preserve itself as “a monopoly gatekeeper of the internet”. Alphabet’s Google currently has around an 92% share of the search engine market, Microsoft’s Bing coming in at around 3% and Yahoo at around …

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Tesla’s Stock Split Pushes Share Price Up 13%

2020 has been a good year for Elon Musk. Despite COVID-19 locking down economies around the world, Elon has gone from strength-to-strength. If a new child, a successful SpaceX launch and Tesla defying all of the short sellers wasn’t enough, overnight Elon became the third richest person in the world with a net worth of $111 billion (eclipsing Facebook’s Mark …

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Do Leadership Spills Move Markets?

Australia has a new Prime Minister, once again the top job was taken through an internal party spill rather than at the ballot box. Of our last 5 Prime Ministers, the majority (Gillard, Turnbull, Morrison) have become PM through internal party politics rather than by the will of the voters. On the politics, there isn’t much more we can add …

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Like, Share, Comment, Delete: Social Media’s Rough Week

02/08/2018 Why Facebook and Twitter both fell over 20% last week. It is reporting season once again in America, as companies report their 2nd quarter (April-June) results to the market. What caught our attention was the performance of the world’s largest social media companies – Facebook and Twitter – that both saw their share prices fall despite reports that didn’t …

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Race to $1 Trillion

19/07/2018 $1 Trillion. $1,000,000,000,000. One thousand billion. One million million. It’s a big number. Amongst some of the biggest companies in the world, the race is on to be the first company with a market cap of $1 trillion. No company in history has ever reached this milestone before. For the new investor, the market cap is calculated by taking …

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Spotify’s going public and it doesn’t need any help

20/03/2018 Save the date – April 3 – Spotify is going public. The company has ruffled some feathers by choosing to cut investment bankers out of the process. Instead of an Initial Public Offering, they are going public via a Direct Public Offering. We thought we’d put together a quick blog post explaining the company and the different way they have …

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5 Highlights from Reporting Season so far

24/02/2018 In Australia we have two main reporting seasons, February and September. This is when publicly traded companies announce their half year (February) and full year (September) trading results to the market. It is a good opportunity to review your investments and to consider whether your investment thesis still holds. It can also be a fascinating time as interesting stories …

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Afterpay Update: 5 Big Questions from the Recent Merger

19/07/2017 Big news for our stock of the week pick Afterpay. As a quick refresher – Afterpay is an online payments company that partners with online retailers and allows shoppers to pay purchases off in instalments without incurring any interest payments. By way of an example –  want to buy a $1000 jacket? With Afterpay that jacket is now $250 …

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More Details Emerging on the US Capitol Riots

Monday 8 February 2021 The Joe Biden inauguration came and went without incident. Yet, the story of the 6 January insurrection at the US Capitol continues to unfold. In this section we’re featuring two stories that add more colour to the story. The first, tells the story of one Pennsylvania mother that was radicalised by far-right media, came to be …

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From Ghost Kitchens to Ghost Franchises

Monday 8 March 2021 A few weeks ago in Thought Starters we shared an article about ghost kitchens. These ghost kitchens are restaurants that have no dine-in and no customer pick-up. They are built exclusively for the food delivery apps – UberEATS, Deliveroo, DoorDash – and are able to achieve lower costs by occupying non-desirable locations and able to create …

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Warren Buffett’s 2020 Shareholder Letter

Monday 8 March 2021 Every year, history’s greatest investor Warren Buffett writes an annual letter to accompany the Berkshire Hathaway annual report. Last week, Buffett released his 2020 letter. Last year was a tough year for Berkshire, returning 2.4% compared to 18.4% for the S&P 500 index (the risk of not owning tech stocks in 2020…). However, zoom out and …

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The Rise of Taiwan Semiconductor Manufacturing Company

Monday 8 March 2021 Taiwan Semiconductor Manufacturing Company (TSMC) has been a revolutionary company in a critical industry. Yet, what it has achieved is largely under appreciated (despite the fact that if you’re reading this, you’ve likely benefited from their work). Founded in 1987, TSMC pioneered the ‘foundry’ model of semiconductor production, where TSMC create chips for other customers. This …

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Results from Stockton’s Universal Basic Income Experiment

Monday 8 March 2021 COVID has accelerated a number of changes in our society – the rise of online retail, working remotely, adoption of cloud computing. One other change it may have accelerated is universal basic income. Government’s around the world have shielded people from economic shutdowns with direct cash transfers (think Job Keeper and Job Seeker in Australia). For …

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Shopify’s Plan to Build an eCommerce Ecosystem

Monday 8 March 2021 At this point, most people have heard of Shopify. The $140 billion eCommerce platform offers retailers a plug-and-play option to set up their online store. Some of the biggest companies in the world – Google, Hasbro, The Economist, Heinz, Red Bull, Tesla – use Shopify’s platform to enable eCommerce on their website.  This article takes a …

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The Digital Transformation of Cars is Just Beginning

Monday 1 March 2021 You may not have heard it, but we’re living through a global semiconductor shortage. Perhaps the hardest hit industry is automotive. Demand from the auto industry spiked, just as semiconductor companies like TSMC and Texas Instruments had reallocated their capacity to other, more resilient (they thought) industries. NXP Semiconductor’s recent earnings call explained the situation in …

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The 10 Breakthrough Technologies of 2021

Monday 1 March 2021 For the past 20 year Technology Review have been publishing a list of the year’s most important technologies. This week they published their list for 2021.  There’s no surprises for guessing which technology tops the list. In the context of COVID and the rapid turnaround of a vaccine, Messenger RNA vaccines sit atop the list. mRNA …

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Whistleblowers call out Amazon’s Data Security Practices

Monday 1 March 2021 Amazon, like all big companies these days, is collecting so much data. Three current and former employees are blowing the whistle and have reported to Politico that Amazon’s customer data may be at risk. Amazon has pushed back on the claims, calling them inaccurate and unsubstantiated.  This is an interesting story, not so much for the …

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Lessons from the Texas Blackout

Monday 1 March 2021 The recent power outage in Texas was devastating, with over 4.5 million customers losing power amidst a historic cold snap. The freezing temperatures incapacitated about 40% of the state’s power generation and much of the state was left in the cold and dark.  This crisis has sparked a debate about power generation and Texas Republicans have …

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Bill Gates’ Plan to Save Everyone

Monday 1 March 2021 According to Bill Gates, there are two numbers that matter when it comes to climate change – 51 billion and zero. The first is the tonnes of greenhouse gas added to the atmosphere every year. The second is what it needs to be.  In his recent book, How to Avoid a Climate Disaster, he outlines his …

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A look at recent hedge fund 13F filings

Monday 22 February 2021 In today’s episode of Equity Mates Investing Podcast we speak about 13F forms. These forms offer great insight into what some of the biggest investors in the world are buying. Every quarter, funds managing over $100 million are required to publicly disclose what American stocks they own. From this information, we can figure out what they’re …

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TikTok’s vast censorship machine

Monday 22 February 2021 Over the past few years, there has been increasing concerns over the surveillance and censorship built into ByteDance’s record-breaking social media app TikTok. This culminated in President Trump’s decision to force ByteDance to sell their American operations to an American company (a policy that is now being reviewed by the Biden Administration).  This article tells the …

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The rise and fall of Bitcoin billionaire Arthur Hayes

Monday 22 February 2021 As Bitcoin continues its steady march upwards (last week it passed $50,000 USD) we’re all going to have to get more familiar with the term ‘Bitcoin Billionaire’. One of the first people in the world to achieve this was Arthur Hayes, the founder of BitMEX, a crypto exchange through which more than $3 trillion has flowed.  …

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When it comes to investing, laziness may be a virtue

Monday 22 February 2021 The stock market has been designed to encourage activity. Prices updated every second, the steady stream of company announcements, all amplified by a financial media that breathlessly reports the key moments of the day. For everyday people, it is easy to feel like we can’t keep up.  The good news is, you can ignore all this …

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How an army of ghost kitchens are challenging traditional restaurants

Monday 22 February 2021 UberEATS, DoorDash and GrubHub have ushered in a new era in restaurants. The past few years have seen a rise of ‘ghost kitchens’ (aka cloud kitchens), restaurants with no in-person ordering or in-person dining. These kitchens are set up never to see a customer. Rather, they are optimised for the food delivery platforms. By one industry …

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The Three Countries Exploring Mars

Monday 15 February 2021 An under-reported story has reached its climax and may usher in the next step in the building space race. Three countries have had space ships travelling in convoy, racing to reach Mars. Two of them, unsurprisingly, are the US and China. The third, is the United Arab Emirates. If successful, all three countries will achieve a …

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The US Navy patents ‘sci-fi’ technology

Monday 15 February 2021 When a company or government agency patents a new invention, that patent is made public in return for the government protecting their intellectual property rights. Vice has reviewed some recently filed patents from the US Navy, giving us all an insight into some of the strange, cutting-edge technologies the US Military is working on.  Amongst them …

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The legacy of Amazon’s Jeff Bezos

Monday 15 February 2021 With Jeff Bezos announcing that he would be stepping down as Amazon CEO to focus on his space efforts with Blue Origin and his charitable work with the Day One Fund, there has been a lot written about the greatest businessman of our age. As he steps down from the $1.7 trillion dollar company he started …

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The continued rise of eSports leagues

Monday 15 February 2021 If you grew up playing video games, at some point your parents probably told you that video games won’t help you get a job. Well, pick up the phone and tell them they were wrong because video games are now big business.  eSports leagues around the world are starting to take the shape of more traditional …

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Tesla founders on the early days of the electric vehicle startup

Monday 15 February 2021 Elon Musk may be the CEO and face of Tesla, but he was not a founder. That fact is often overlooked as the enigmatic CEO has certainly made the company his own over the past decade and a half. However, the world’s richest person was actually Tesla’s 4th CEO when he took over in October 2008.  …

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The State of Micro Private Equity

Monday 8 February 2021 There’s an ongoing battle amongst hedge funds, private equity and venture capital firms to get a piece of some of the fastest growing technology businesses. However, at the other end of the spectrum, there is a whole different breed of investment firm looking for bargains amongst the unloved. In the massive number of family businesses, side …

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The Battle Inside Secure-Messaging App Signal

Monday 8 February 2021 Earlier this year, WhatsApp, the secure messaging app owned by Facebook, announced it was updating its terms of service. The change, allowing Facebook and other businesses to store messages, created a lot of alarm and set off a search for more securing messaging services. One of the biggest beneficiaries has been Signal. The encrypted messaging app …

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The Outsider CEO

Monday 8 February 2021 Snowflake was one of the best IPOs of 2020. The data warehousing company was led by veteran CEO, Frank Slootman, that is developing a reputation as a ‘CEO-for-hire’ (a label that doesn’t really mean anything, isn’t any CEO a CEO-for-hire?). When Slootman took over, Snowflake was valued at $4 billion. Today, it is valued at $85 …

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Howard Marks on Value v Growth Investing

Monday 8 February 2021 If you’ve heard about the constant struggle between “growth” and “value” stocks, you’re probably aware that lately, it hasn’t been much of a contest. Over the past 13 years, growth has easily outperformed value. In Howard Marks’ latest memo, he discusses this contest and offers a different way to look at this decades-old debate.  Firstly, he …

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What happened with GameStop this week?

Monday 1 February 2021 If you’ve been following the financial news this week, you’ve heard about GameStop. The struggling game retailer, owner of Australia’s EB Games, has been on the decline for years as more and more gamers have moved to buying games digitally rather than in bricks and mortar stores.  This decline had hedge funds overly short the stock …

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Facebook v Apple on the future of internet privacy

Monday 1 February 2021 A battle over the future direction of the internet is being waged in the boardrooms of two of the internet’s biggest companies. In the ring are Mark Zuckerberg, CEO of Facebook, and Tim Cook, CEO of Apple. For years, the internet business model has been simple – gather as much data as possible about users and …

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Palantir’s ‘God-Eye View’ of Afghanistan

Monday 1 February 2021 Palantir may be one of the most controversial companies in the world today. The software company has made a name for itself by taking incredibly complex data sets and making them usable for companies and governments around the world. Famously, Palantir has been embedded with the US Military in operations across both Iraq and Afghanistan and …

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ARK Invest’s 2021 Big Ideas Report

Monday 1 February 2021 ARK Invest, led by perhaps the world’s most famous Tesla bull Cathy Wood, has had an incredible few years. They have created some of the world’s most popular ETFs and positioned themselves as on the forefront of the biggest innovations the world will see over the coming decades. In this Big Ideas report, the ARK Invest …

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Why humans beat computers at jumping into the unknown

Monday 1 February 2021 Two trends are intersecting that are causing humans to doubt their intelligence. Firstly, the increasing application of mathematical techniques to a growing number of fields traditionally outside the reach of maths departments. Secondly, the increasing ability of artificial intelligence to solve mathematical challenges. Together, they are increasing concern that, at some point in the future, artificial …

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Amazon: The 21st Century Tech Conglomerate

Monday 25 January 2021 $600,000 per minute. That is how much revenue Amazon makes. Over the past ten years it has grown its revenue from $27 billion to $347 billion. Not only is it the #1 player in eCommerce but it is the world’s largest cloud service provider. This article makes the case that this is just the beginning. Amazon …

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Climate Change Post-Pandemic

Monday 25 January 2021 When we look back on the 2010’s, we’ll lament the lost time. The opportunity cost of the time wasted as climate denialists held up the policy process and stopped governments around the world from tackling the underlying causes of climate change head on. However as we enter the 2020’s, there is some good news. Climate denialism …

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Bronte Capital: Investor Letter, December 2020

Monday 25 January 2021 2020 was a great year for growth stocks. Hot technology companies, headlined by Tesla, enjoyed big run ups since the market lows in March.  On the other hand, 2020 was a terrible year for short sellers. Low quality stocks seemed impervious to market forces (anyone watching GameStop recently?). Australia’s most famous short seller, John Hempton, is …

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Enemies, a Love Story: Inside the 36-year Biden and McConnell Relationship

Monday 25 January 2021 President Obama was often told he should spend more time with Congress and have a drink with Republican Senate Leader Mitch McConnell. “Why don’t YOU get a drink with Mitch McConnell” was his joking response. The lack of a personal relationship between the two leaders made it difficult for Obama to break through the Congressional gridlock …

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The North Carolina Kid Who Cracked YouTube’s Secret Code

Monday 25 January 2021 Chances are you haven’t heard of him. YouTube’s highest paid earner in 2020, Jimmy Donaldson (aka MrBeast), made $24 million from YouTube last year. This is the story of how he cracked the YouTube algorithm and amassed almost 52 million subscribers.  To give you an idea of MrBeast’s reach, in the 28 days prior to this …

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The Economics of Vending Machines

Monday 18 January 2021 There’s a lot out there to invest in. One alternative asset class that has increased in popularity recently is vending machines. It may seem a little tedious – buying product in bulk, stocking machines and collecting loose change out of the machines. Yet, that tedium can turn into a meaningful passive income stream. In this article, …

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The Dark Money Funding the Rise of Activist Short Sellers

Monday 18 January 2021 Activist short sellers are on the rise. The practice of identifying a fraudulent or overvalued company, taking a short position, and then writing a scathing research report and releasing it to the public has become big business. Australian alternative asset manager Blue Sky Alternative Investments saw the effect as an activist short seller report spooked the …

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What is the Future of Retail Property?

Monday 18 January 2021 Physical retail is facing an existential crisis. Customer preferences have been shifting towards online shopping for years. Last year, in the midst of COVID lockdowns, this trend was supercharged as online retailers saw unprecedented growth. The question then becomes, what will happen to all this retail space? Brookfield, a real estate and infrastructure manager with over …

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Three Wall Street Executives on ‘The Next Big Risk’

Monday 18 January 2021 2020 showed us how some of the most remote risks (would anyone have predicted a global pandemic…) can have the most serious consequences. As we get into 2021 there are plenty of risks being discussed – inequality, right-wing extremism, financial bubbles – but there are may be more consequential risks out there. Bloomberg sat down with …

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Could the Next Decade Be Even Worse?

Monday 18 January 2021 2021 has started with a lot of self-reflection. What happened at the US Capitol? What were the forces that led to such a moment? Was it Big Tech? The Right Wing Media? Trump and his supporters in Government? One historian thinks there is an explanation for it all. Peter Turchin, a Russian-born biologist famous for applying …

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Weekly News Wrap: We’re out of recession and into a trade war

Monday 7 December 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: SALESFORCE BUYS SLACK What’s going on?  Salesforce – a company specialising in sales productivity tools with a current market value of $ US220 billion, is buying Slack – a workplace messenger platform currently valued at around $US17 billion. The acquisition would be Salesforce’s largest ever. …

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Weekly News Wrap: Bega Cheese Expands, Amazon Pharmacy Launches

Monday 30 November 2020 Our pick of the week’s biggest stories affecting markets IN FOCUS: BEGA CHEESE BUYS LION DAIRY What’s going on?  Bega Cheese this week acquired Lion Dairy and Drinks for $534 million. It’ll mean Bega moves into fresh milk, flavoured milk, yoghurt and juice alongside its traditional dairy business. The company will be taking over a suite …

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Weekly News Wrap: Telstra breaks up, EU takes on Amazon, Pfizer announces vaccine

Monday 16 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: TELSTRA SPLITS INTO THREE What’s going on?  Telstra is undertaking a major restructure, splitting itself into three separate entities: InfraCo Fixed will own the physical infrastructure assets: the ducts, fibre, data centres, subsea cables etc. InfraCo Towers will own the mobile infrastructure like towers. …

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Weekly News Wrap: US election, Chinese IPO, Australian interest rates

Monday 9 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: OPTUS BUYS AMAYSIM FOR $250M What’s going on?  Optus is acquiring its biggest mobile virtual network operator (MVNO), Amaysim, for $250 million. Amaysim’s the fourth-largest mobile provider in Australia with 1.19 million subscribers. The deal also includes brands Vaya, Jeenee and OVO. The business …

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Weekly News Wrap: Ant Financial, Australia’s Recession & New Solar Innovations

Monday 2 November 2020 Our pick of the week’s biggest stories affecting Aussie equity markets IN FOCUS: CHINA’S ANT GROUP SET TO DELIVER THE WORLD’S BIGGEST IPO What’s going on?  Ant Group is behind the world’s largest online payments platform Alipay. Alipay started off as a payments system for China e-commerce giant Alibaba back in 2004, now Alipay has over …

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