Markets are a right mess today, thanks to surging inflation and the fear of what that will do to earnings.
In this environment, you want companies that have the market position, leadership and balance sheets to survive. However, actually finding these companies is no mean feat.
On today's episode of The Rules of Investing, Livewire's David Thornton sits down with Vince Pezzullo - Deputy Head of Equities at Perpetual. Vince joined Perpetual in 2007 and has covered a heap of sectors since then; you name it - chemicals, financials, banking, telecommunications, materials and REITS.
He now heads up the Australian Share fund, Geared Australian Share fund, Direct Equity Alpha fund and the Perpetual Equity Investment Company (ASX:PIC) with about $435 million under the hood.
There's not much we don't cover in this episode. We take a granular look at the affect inflation is having on valuations and company decision-making, the structural shifts afoot in the energy market, and the qualities every company in your portfolio should have.
We even discuss an Irish gambling stock making waves in a wide-open US market.
This episode was recorded on June 23, 2022.
Timestamps1:45 - Company margins
5:00 - Investing to get down the cost curve
6:00 - DuPont ROE
7:30 - Growth stock valuations
9:30 - Energy, the global tax on growth
10:45 - Shifting trade flows
13:10 - Santos
14:30 - Energy sector going from spot price to contracts
19:45 - Banks margins and rising rates
23:00 - Inflation: 1990s vs 1970s
25:30 - An investment checklist during high volatility
28:00 - The limit to duration risk
29:10 - The importance of real assets
32:00 - The Irish bookmaker making waves in the US
39:00 - 3 favourite questions
The biggest question facing investors today
The 15 stock portfolio
Finding value in dark corners of the market
Season's greetings from Livewire Markets
Buy Australian for the next recovery phase
The biggest trends to watch in the next 5 years
3 early warning signs it’s time to change your view
Sell-offs are a buying opportunity. Don’t get off the train
What the ‘smart money’ is saying about Australia's future
Did Buffett really change his mind on gold?
Tapping into research from the world’s best investors
How Ophir spot offshore growers (before they get big)
A key question most investors ignore, do you?
Chris Stott launched a new boutique. Then COVID hit.
Don’t fight the Fed, buy commodities instead
The $200 billion opportunity to power Australia's future
The unspoken rules of Wall Street’s best hedge funds
Buy growth, but don't ignore the price
The biggest experiment in markets: How does it end?
Navigating the COVID crisis
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