The point of this category will be to over time, hopefully just the next few months, I will have maybe over 20 or so web links that can provide investors with useful ideas. Ones in particular that may have helped me in the past. So don’t expect so much links such as Bloomberg, Australian Financial Review, various broker web pages etc. I will try and keep the theme of those where investment ideas may come from rather than more news information tools. Here are a few as a start and I will edit the post in the future adding more. Simply click on this category at the side of the blog to check back later.
An extremely well written warning on the markets in May 2016 from Stanley Druckenmiller
Meb Faber has an excellent website and his written many good books. He often focuses on top down quantitative analysis that small investors can use to tilt the odds in their favour. His book Global Asset Allocation is an excellent simple read that captures a lot about what I am trying to achieve in my approach, i.e. limit drawdowns but still retain the long term benefits of being invested in stocks.
In a thread on this blog (May 2016 under asset allocation) I mentioned some results from an interesting timing indicator from a book from Jeremy Siegel. I found a web link, please note not Jeremy Siegel’s page, but one that covers some of the details in his book about this timing indicator from 1886-2012.
Geoff Wilson is well known in Australia and his funds I have mentioned here before. Very impressive performance record and often uses activist techniques to unlock value. The media tab on this link you may be lucky an uncover opportunities before he appears in the substantial shareholder notices. The monthly NTA updates will give some of the portfolio breakdowns.
Sandon Capital certainly take an activist approach to investing and have a solid track record. Sometimes research on this page under the campaigns section is quite impressive, BSL and TTS presentations have been good reads in the past to show their work.
Continuing the specialist activist theme I shall list a few more Australian ones.
Thorney has an LIC with the code TOP, and runs a concentrated portfolio that may get involved with management. They helped me discover SSM as a buy and seemed to have helped at that company.
I was really keen to get the link up for the Metage Capital Global Value Fund. This fund is very close to my style and what I am trying to achieve. Watching the quarterly videos are useful and I just finished watching the April presentation myself which was worthwhile and as always explains their style quite well.
Forager also did well out of SSM. In general they produce some very good figures and their quarterly reports are a good read. Run by Steve Johnson who impressed me a few years back when campaigning on a stock Rams Home Loans (RHG), an amazing investment opportunity at the time.
Watermark are specialists at long/short investing with solid figures, and their quarterly updates for the market neutral fund I find are a good read.
Magellan are a well known global manager run out of Australia, and I did very nicely out of their LIC, their track record is excellent.
A rival now I suppose is Platinum Asset Management who some are criticising their recent performance. I suspect from here Platinum will answer their critics and the research on their site is interesting.
Another global fund manager that is more an absolute return investor that I find interesting to read about is Antipodes Partners, who have a good track record. Their quarterly reporting is quite detailed and usually contains some top down analysis about global sector valuations, but also some interesting discussion on some individual names.
CAPE ratios and their usefulness are often debated vigorously. I find their use in looking for markets that may produce relative attractive returns over a timeframe of more than a decade. This site is quite useful in that regard.
My earlier thoughts on Mark Mobius were to wonder what the fuss was about, I hadn’t seem to be able to reconcile a clear great investment record versus a lot of the publicity. Yet now I think about the large amount of money Templeton controlled in the sector making it harder to post great performance numbers I probably have more respect. For those interested in emerging markets his blog may provide some interesting articles. At the very least there is not many investors who have regularly travelled to so many places and seen different countries develop over time such as he has.
Next time I update the links here I will look to also include some perhaps more lesser known pages or other private blogs that I find of interest.
A blog by an Australian private investor, and some of the stocks are sometimes similar to what I look for. I came across this and it would get me thinking about stock ideas, it also made me think a bit more about maybe starting this blog myself also.
Harness Asset Management – Nigel Littlewood has a lot of experience in the industry and has recently set up his own fund which I suspect will produce very good figures. UOS is a holding I have wrote about on my blog that it keeps a low profile so I think it was some research from Harness that started my interest in it.
Eighth wonder funds, this blog may not get updated constantly but this investor is quite expansive on the details of stocks covered (unlike myself here!). A fellow holder of NGE I believe currently.
Shareidea was started by Eighth wonder as mentioned above I believe, an interesting site to get ideas from a range of investors with a competition and rating system to provide a bit more interest.
Marc Faber is another investor that I met here in Chiang Mai and is probably better known. Marc is also good for a chat here and is known for his permabear tag. I wouldn’t follow his 5 minute CNBC interviews and where he likes to be provocative and entertaining, given his career involves the public speaking circuit. I ignore the pessimistic calls that get publicity and pay attention to asset classes he finds relatively attractive, after all if a permabear is positive about something perhaps it should carry extra weight in our thinking. I would point people to his record coming up with documented investment tips at the annual Barron’s roundtable for a long time. Always interesting to see what he is bullish on as he had some great long standing results there. His monthly newsletter is not so much stock tips, more contains clever writing that makes you think a lot and can drift off to thought provoking areas about life in general. Of course though markets and economics are the main focus. He charges for the newsletter but the funds go to a charity in Chiang Mai that I have seen being run excellently first hand.
The Barron’s roundtable itself I find very interesting to read come January each year. I wouldn’t say I often implement ideas they suggest, but it is an interesting quick snapshot of many of the investment themes on global investor’s minds. What I found interesting was the group pundit tracker did a ten year analysis to 2012 of how the selections fared. It showed quite a clear edge on the S&P500 back then. Unfortunately I haven’t seen the refreshed analysis, I suspect the index would have bounced back in the five years since. Here is the link from five years ago.
Eternal Growth Partners – good to see a private investor here doing a great job on their own and with a fresh initiative in the way he charges management fees for those placing funds with him. That is there are no fees! Well only a performance fee that seems extremely modest and fair.
This blog is updated very infrequently but they have achieved very good performance of late and since inception. A few years ago I noticed them on the share register of many companies I was buying and now their presence gives me great comfort I am on the right track. They were focusing a lot on discount to NTA plays when I was doing the same around 2010.
This blog is not ASX related but had some great posts to get you thinking about long term value investing, more focused on the U.S. market. This exercise of writing down web links has reminded me I need to visit this one to check the material over the last year that may have been added.
The below link is some analysis from Fidelity that may indicate value investing may be ready to outperform growth investing over the next 5-10 years. Let’s check back between 2021 – 2026 to see what happened!
Below are a couple of links I found interesting looking at Buffett’s career. Firstly I will copy the link of the blog post I had made about the subject and market valuations in July 2016, then add the two links for context.
Some videos on investors/authors I have mentioned on the blog before. Passive investing is all the rage in early 2017, these videos give hope that (although not easy), this can give us great opportunities in the long run as active investors. Especially for those not controlling huge sums of money.
Podcasts seem to be quite popular so I thought I would share a couple of more recent ones that have just began in 2017 that look promising.