When volatility strikes, investors invariably become more reflexive and less disciplined. But investing with reckless abandon is almost certainly going to lead to bad outcomes.
Experienced investors stick to the game plan - a game plan borne of experience and a process that's been tried and tested through the full business cycle.
On today’s episode of The Rules of Investing, David Thornton sits down with Matt Williams from Airlie Funds Management.
Matt cut his teeth in 1993 when he joined Perpetual Investments as an equities dealer. That was followed by 17 years at Perpetual, working alongside heavy hitters including Anton Tagliaferro, Peter Morgan, and John Sevior. There he held the role of head of equities from 2011 to 2015. He joined Airlie in 2016, with a remit that includes Australian share strategies for institutional clients and the Airlie Australian Share Fund for retail clients.
This year, Matt was recognised as one of the best in the business and inducted into the Hall of Fame, joining a small and distinguished list of Australia’s best fundies (including the three Perpetual alumni mentioned above).
Matt explains why the Aussie market has fared better than its global peers, where valuations are and where they're going, and the one Aussie company Matt reckons is made for Berkshire Hathaway's portfolio.
Note: this episode was recorded on Thursday December 13, 2022.
Timestamps
1:40 - Leaning from mentors, past and present
3:15 - It's not only what you own, it's what you avoid
5:00 - Why the Aussie market has outperformed global peers
8:00 - Cash is king
14:00 - Stress testing companies
18:30 - Defensive anchors
20:00 - Getting in early with Mineral Resources (ASX: MIN)
22:00 - Upgrade the quality when the market falls
23:00 - Buying blips
28:04 - A business made for Buffett
A stealthy small cap quietly building a market monopoly
Is a golden era for income investors coming?
How Perpetual’s Vince Pezzullo invests when multiples retreat
The best inflation protection you can get
Oscar Oberg’s bear market guide to oversold small caps
Why Allan Gray is still bullish energy and cautious on darlings like CSL
Simon Shields: These stocks are turning market headwinds into competitive advantage
Ben Griffiths: A bull waiting for these three signs to charge at small caps
Charlie Jamieson: Bond market pricing in ”extraordinary” rate hikes
Like the traditional resources sector? Here’s why you’re gonna love renewables
The Greatest Hits (Volume 1)
3 ingredients for small cap success
The companies that Wall Street legend Jim Chanos is shorting in 2022
3 Aussie stocks for today’s market
Why Platinum is short US tech stocks and long China
What war in Ukraine means for investors
The real reason Aussie housing is expensive
One sector with 50 years of growth ahead
Season‘s greetings from Livewire Markets
Quality and growth: How Ben Clark consistently finds winners
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast