hsuan – Page 13 – Mockingbird Investment

June 8, 2020

Mocker Monday. June 8

Advanced manufacturing One of the major themes in the westernised countries is likely to be the return of manufacturing. Outside of Tesla, we’re not entirely sure where to position for this, but we’re currently trying to understand the industry. The role of 3D printing (additive manufacturing) in small batch, craft manufacturing, has the power to make fundamental changes in a...

Ideas

June 4, 2020

Quiet Contrarian. Ep 3: How have I done? Part 2: The USA.

Firstly, in the interests of full disclosure. This is my second attempt at making a US portfolio. My initial attempt was horrendous. I won’t go into detail, but it was a travesty. In the end I lost a big chunk of money, and totally shut down my US account. It was between Jan 2014 to Feb 2017. In the end...

Stories

June 1, 2020

Mocker Monday. June 1

V? Or U? (Or maybe W, L, or K!?) The theme of the week was definitely the post-Corona economic recovery. From the tone of the articles, most of the Mockers are quite bearish on the recovery, with recent market strength being chalked up to some wishful thinking. We’re not sure what the market is showing us marries with the underlying...

Ideas

May 27, 2020

Lesson Learned: Losing hurts

A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise. Daniel Kahneman Losing hurts. It really hurts. It hurts about twice as much as gaining the same thing. One of the ways this can manifest in investing is that we hold failures for far longer than we hold...

Ideas

May 25, 2020

Mocker Monday. 25 May.

Long term debt cycle Nucleus investments has posted a great summary of the Australian position within the long term debt cycle (described by Ray Dalio and shared by Mockingbird on May 12), and what to look for in terms of good and bad policy responses in this space. Well worth your time to watch the whole thing. Debt Deleveraging: is...

Ideas

May 21, 2020

Quiet Contrarian. Ep 2: How have I done? Part 1: The ASX.

One of the reasons I started this blog was to drive me to get better at tracking my stock picks. Over the years, I’d kind of tracked them with various software, or Commsec, or self made spreadsheets. They always seemed to have some sort of issue (e.g. only gave total return, not annualised, only tracked open positions, didn’t allow comparison...

Stories

May 18, 2020

Mocker Monday. 18 May.

The ASX Big 4 Banks We’ve been discussing the banks this week, as they’ve all released their Q3 earnings. We found it quite a struggle to come up with a solid consensus, and the uncertainty around them was obvious in our discussions. In summary: things are very uncertain (and really not all that good), but because of that the banks...

Ideas

May 14, 2020

Lesson Learned: Cheap doesn’t always mean good.

Price is what you pay. Value is what you get Warren Buffett Value investing was made incredibly popular in the mid 20th Century by Warren Buffett and his teacher Benjamin Graham. Whilst valuation is still a significant part of every investors tool kit, the days of “cigarette butt investing” have largely passed. Nowadays, the stock market is so heavily analysed,...

Ideas

Author: hsuan

Mocker Monday. June 8

Quiet Contrarian. Ep 3: How have I done? Part 2: The USA.

Mocker Monday. June 1

Lesson Learned: Losing hurts

Mocker Monday. 25 May.

Quiet Contrarian. Ep 2: How have I done? Part 1: The ASX.

Mocker Monday. 18 May.

Lesson Learned: Cheap doesn’t always mean good.