Some fund managers don't freely disclose how they go about business, for fear of losing a competitive edge (or maybe letting on that they don't have any edge at all).
Then there's the other school of thought - tell investors how you operate, what you're thinking, and forge ahead as a thought leader. Then, if you're worth your salt, investors pick up what you're putting down and entrust you to manage their capital.
Today's guest on The Rules of Investing occupies the extreme latter end of that spectrum.
James Gerrish is the 9th most followed contributor on Livewire. Subscribers might know him best as author of the daily match out report, but that’s certainly not the only hat he wears.
He’s also on the tools – running money at Market Matters across portfolios specialising in growth, income, international equities, emerging companies, and global macro.
We discuss:
Note: This episode was recorded on Wednesday December 12, 2023.
Timestamps
1:20 - Managing short-term views with long-term investing
4:30 - Short-term noise
8:50 - Banking crisis and deposit flight
10:40 - The most important signals across sectors and asset classes
15:30 - Are bond yields too high?
19:40 - Investing is a game of inches, not yards
23:50 - How important is the index?
25:00 - Risk across today's sectors
28:00 - The best risk-adjusted return
33:00 - Know your risk, and invest accordingly
35:40 - Discounting macro is a cop out
42:00 - The thing that should frighten all investors
45:50 - Look for companies with warts
48:00 - The market's getting ahead of itself
49:00 - Biggest career win and loss
52:00 - A company for all seasons
Giselle Roux’s fluff-free take on the market (and where you can find opportunity today)
Trailer: Giselle Roux
The dividend doctor gives his prescription for investing in 2023
Trailer: The dividend doctor gives his prescription for income investing in 2023
8 mega cap stocks have carried markets in 2023. Here’s what comes next
Trailer: 8 mega cap stocks have carried markets in 2023. Here’s what comes next
The goldilocks buying opportunity is *almost* here in fixed income
Jun Bei Liu: Top stocks for today’s markets
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This fundie found Afterpay at $6. Now he’s found his next opportunity
Trailer: This fundie found Afterpay at $6. Now he’s found his next opportunity
Is this the least crowded opportunity in the market today?
No lithium, no worries for this outperforming small cap manager
Trailer: No lithium, no worries for this outperforming small cap manager
Why Morgan Stanley is overweight passive in this volatile environment
John Ayoub reveals WAMs playbook for volatile markets
Trailer: The global banking crisis has changed the game, and this is how to play it
Alan Kohler: We’re in for a recession we didn’t need to have
Trailer: Alan Kohler - We’re in for a recession we didn’t need to have
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