QAV Investing Podcast (Free Edition)

On this episode we debunk more claims about the death of value investing and how it relates to the “Japanification” of the economy; I come up with a new nickname for Tony; And we answer a listener question about how quickly he invests new funds. Our stock analysis of the week is the diversified leather manufacturer SCHAFFER CORPORATION (SFC).

This week Tony answers questions from new QAV Club member Angela about three point trendlines, reinvesting strategies, and challenger stocks, and we analyze gold miner Ramelius Resources.

Don’t be shocked! On this week’s episode of QAV, Tony has some new insights into ways to analyse growth stocks using the checklist and Cameron has to pick himself up off the floor. In our analysis section for premium members, we look at FMG, Fortescue Metals Group.

This week we’re answering a number of listener questions, including one about how much attention Tony pays to “tailwinds” or macro factors affecting an industry or the economy. We also talk about how Tony deals with red flags in companies he has invested in, and he talks about some mistakes he has made recently. In our Club edition, we analyse Stanmore Coal again (we did it earlier this year) and take our time to explain some of the checklist columns in more detail. And Tony reveals what he wears when he mops the kitchen floor!

In this episode Tony explains how he thinks about structuring a portfolio taking into consideration your appetite for risk and volatility. In our Club episode, we also answer some listener questions about the process of buying shares, how to work out the most undervalued Top 10 stock, and the NEFF ratio. Oh yeah, and I sing Tony a song.

Based on an email from one of our QAV Club members, this week Tony shares his views on the various investing tax structures. We also talk about how we’re managing the dummy portfolio. And in our QAV Club analysis section this week, we’re looking at IFN.

It’s reporting season and Tony is EXCITED. On this week’s show we talk about the cause of CRN’s sudden decline, and analyse two companies – BHP and QAN. We are also adding quite a few additional stocks to our dummy portfolio based on Tony’s private analysis.

Tony talks about his view on the US bond market’s “inverted yield curve”, and his policy for investing before and during a market downturn. For our club members, Tony then analyses TWO companies this week: Beach Petroleum and Bell Financial Group.

Tony talks about the Aussie economy and whether or not he thinks the value of the dollar is closely related to a coming economic collapse. We also talk about whether or not value investing is dead. For our club members, Tony then analyses our company of the week, Coronado Coal (CRN), who does pretty well on the checklist.

Today our guest is Roger Montgomery from Montgomery Investment Management to talk about his approach to value investing and what he thinks is going on with the Australian market and economy at the moment. Lots of great insights in this one, from the economics of enough, to black swans and what happens when the fear of missing out becomes larger than the fear of loss. For our premium subscribers, Tony then analyses our company of the week, Credit Corp Group (CCP), who does pretty well on the checklist.

The last week of Tony’s vacation, so I’m playing the analysis of small gold producer MEDUSA MINING (MML) we recorded late June. Spoiler alert: it turns out pretty well.

Tony dials in from Ireland this week and brings me up to date on his visits to whisky distilleries in Scotland and his out-of-body experience playing the Old Course at St Andrews. We also talk a little about investing and he how he feels like “I’ve seen this show before”, meaning the current bull run hype. We discuss how our dummy portfolio is going (mostly in the green except for Myer) and for our QAV Club members, we have a discussion about Mortgage Choice (MOC).

As Tony was too busy evaluating the quality of Scotland’s golf courses and single malts to get on the phone with me this week, our show consists of a checklist analysis we did in Sydney in early June about Woolworths (WOW). This is the companion analysis to last week’s show about Coles Group, so you can see how two similar businesses compare in the checklist.

This episode contains the second part of our interview with Austin LIeberman, a private investor in Florida, who has been achieving remarkable returns on his portfolio over the last 4-5 years, as we try to understand his methodology. On this episode Austin tells us he tries to only invest in companies he can imagine being ten times bigger than they are today. Our stock of the week is Tony’s old employer, the Coles Group (COL).

This episode contains the first part of our interview with Austin LIeberman, a private investor in Florida, who has been achieving remarkable returns on his portfolio over the last 4-5 years, as we try to understand his methodology. Our stock of the week is Afterpay (APT).

Matt Joass joins us today for a fun talk about his own investing strategy, particularly how to assess the opportunity of high growth stocks. Matt is the former portfolio manager for Motley Fool Pro in Australia, former co-host of the now defunct Three Wise Monkeys podcast, and is currently a private investor. Follow him at mattjoass.com.

Tony talks about when you should exit a portfolio you may have bought before you started your QAV analysis. And our stock of the week is Rand Mining (RND), a gold mining operation in WA.

Today we’re talking about when you should sell a stock that has passed the checklist. And our stock of the week is Vocus (VOC). A vertically integrated telecommunications provider, operating in the Australian and New Zealand markets.

On this episode, we talk about the RBA dropping interest rates and other signs the economy is weakening and what that means for investing. We also talk about how shorting the market works as an investment tool. And our stock of the week is Eclipx, a vehicle leasing company that has recently had a bump to its price.

Our guest today is one of Australia’s most respected financial journalists – Alan Kohler. Tony has been a big fan of Alan’s work for decades and was as giddy as a K-Pop fan about getting Alan on the show. Alan gave us his thoughts on the economy, unemployment, internet stocks, lying CEOs, and his role with the Australian Indigenous Education Foundation.

On this episode we’re talking about ethical investing, Bob Hawke, and, in our QAV Club episode, drilling down into the financials of Stanmore Coal. Stanmore Coal operates the Isaac Plains coking coal mine in Queensland’s prime Bowen Basin region.

Our guest today is Tony’s friend Joe Barberis. Joe’s had a high powered corporate career, including stints as the MD of Officeworks and Coles Express, as well as running Shell Australia. Today he’s talking to us about his investment strategies, as well as his thoughts on the future of retail and energy markets in Australia… and corporate psychopaths.

Today we discuss the collapse of Apollo Tourism’s share price; the recent Berkshire Hathaway Annual General Meeting and Tony relates the time he attended the Berkshire AGM a few years ago; the trouble with bank shares at the moment; and then we analyse this week’s stock, Mitchell Services (MSV).

Myer Holdings (MYR) is an Australian department store group with a network of 62 stores across Australia. How does their company stack up to the QAV checklist? Listen and find out.

Apollo Tourism & Leisure is a multi-national company focused on manufacturing, rental, sales and distribution of a range of RVs including motorhomes, campervans and caravans. How does their company stack up to the QAV checklist?

What is a “yield curve inversion” and how does it factor into warnings of a possible downturn? How does he change his investing during a downturn? Find out answers on this episode!

Tony reflects and expands on a couple of ideas that came out on last week’s show with Steve Sammartino, including investing in index funds.

Steve Sammartino is another old friend of Cameron’s. He is also a successful sharemarket investor, with 25+ years experience, although his strategy is a little different and much less hands-on than Tony’s. Steve is also an author, futurist, consultant and speaker. On this podcast we talk with Steve about investing in index funds. Steve used index funds to make himself financially independent in his 30’s.

Telstra is Australia’s largest telco. How does it look inside Tony’s QAV value investing worksheet? Listen and find out. You can find key financial metrics on Telstra’s website or on Reuter’s Telstra page.

BHP is one of Australia's largest and oldest companies. As our first real life example, on this episode runs BHP's latest financials through his QAV value investing worksheet. How does it come out? Listen and find out.

On this episode of our value investing podcast, Tony explains how he consistently beats the market by using a custom-built checklist. He walks me through the metrics he pays attention to – and why.

Welcome to our new value investing podcast. My mate Tony is a very successful private investor. For the last 25 years, his share portfolio has, on average, doubled the performance of the stock market, every year.