Successful active investing requires a deeper level of insight

Stock analysis involves more than just financial modelling.  The insights gleaned from meeting with management teams, customers, suppliers and competitors provides context and colour into the quantitative factors that can drive share prices.  A deeper understanding of a company’s strategy as well as site visits can bring unique insights into the practical realities of, for example, manufacturing and new innovations.  WaveStone invest in Australian businesses with a global perspective so international travel brings a deeper level of knowledge of not only the company but the industry in which they operate.

WaveStone Deputy Portfolio managers Kirsty Mackay-Fisher and Anthony Tan recently returned from research trips to the US and their learnings inform their investment decision making. In this episode, they share what they learned across sectors as diverse as healthcare, technology, logistics and gaming.