Random Reads - week to Feb 9, 2018



Warren Buffett says, “I just sit in my office and read all day.” Not everyone can afford to devote themselves to reading to that extent so here's a shortcut - the headlines that caught our eye this past week and compelled us to click and read...

Short sellers eye better days after Steinhoff and Carillion wins | FT
“In the past few months there have been a number of accounting-related shorts, such as Steinhoff International and Carillion, that have been big money makers,” says Alper Ince, an investor in hedge funds at Paamco. “I think there is an expectation among short sellers that we may see more of these after years of companies making big acquisitions and taking on more leverage”.


Big Un Limited's cash flow secret revealed | AFR
Big Un Limited, the high flying online video firm whose stock gained 1600 per cent in 2017, has admitted its customers are paying for its services with money advanced to them by a Sydney finance company that has itself been issued more than 3 million shares in Big.

Would I lie to you? The 6 company mistruths to be wary of... | livewire
Company management has, at times, been known to 'stretch the truth' when communicating with investors. So, with February reporting about to start in earnest, we thought it timely to highlight 6 common types of 'mistruths' to keep a watch for...

Performance Consistency is not an Indicator of Equity Fund Manager Skill | Behavioural Investment
By definition, long-term, high active share, conviction investors will not deliver performance consistency over the short-term. There will be periods (often prolonged) when their style is out of favour and the ‘market’s perception’ diverges materially from their own. Through such spells of challenging performance we should expect them to remain disciplined and faithful to their philosophy and approach;

Pants down in the melt up | InvestSmart
...the latter stages of every bull market produce a new vocabulary to justify it. The dotcom boom delivered “first-mover advantage”, “monetising” and a new metric – “profit before marketing costs”. Good one that... This bull market has produced “the melt up”.

State Street ramps up pressure on excessive executive pay | FT
State Street Global Advisors is to get tough on executive pay — and it will signal its displeasure over lavish packages by refusing to back them. Previously, the $2.8tn-in-assets manager voted “for” or “against” on pay. Now the Boston group, the manager of the world's largest passive investment fund, will indicate its unhappiness by abstaining.

Popular posts from this blog

10k Words | August 2022

Feel the Cash Burn as Profit Season Closes (or "In memory of Pocketmail")

Where was the EPS uplift?

Disclaimer

Nothing in this blog constitutes investment advice - or advice in any other field. Neither the information, commentary or any opinion contained in this blog constitutes a solicitation or offer by Equitable Investors Pty Ltd (Equitable Investors) or its affiliates to buy or sell any securities or other financial instruments. Nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

The content of this blog should not be relied upon in making investment decisions.Any decisions based on information contained on this blog are the sole responsibility of the visitor. In exchange for using this blog, the visitor agree to indemnify Equitable Investors and hold Equitable Investors, its officers, directors, employees, affiliates, agents, licensors and suppliers harmless against any and all claims, losses, liability, costs and expenses (including but not limited to legal fees) arising from your use of this blog, from your violation of these Terms or from any decisions that the visitor makes based on such information.

This blog is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. The information on this blog does not constitute a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Although this material is based upon information that Equitable Investors considers reliable and endeavours to keep current, Equitable Investors does not assure that this material is accurate, current or complete, and it should not be relied upon as such. Any opinions expressed on this blog may change as subsequent conditions vary.

Equitable Investors does not warrant, either expressly or implied, the accuracy or completeness of the information, text, graphics, links or other items contained on this blog and does not warrant that the functions contained in this blog will be uninterrupted or error-free, that defects will be corrected, or that the blog will be free of viruses or other harmful components.Equitable Investors expressly disclaims all liability for errors and omissions in the materials on this blog and for the use or interpretation by others of information contained on the blog.