Learning Value Investing

For the last six months I’ve been learning value investing from Tony Kynaston, who I think of as “Australia’s Warren Buffett”, on our QAV Podcast. If you’re unfamiliar with the term “value investing”, it’s the style of sharemarket investing made famous by Warren Buffett. It’s basically a discipline of identifying cheap stocks in companies that are actually performing quite well, but for some reason their shareprice has been beaten down by the market. This can happen for a number of reasons, sometimes involving emotion or just that the company isn’t sexy right now. The idea behind value investing is that you pick up those stocks while they are undervalued and figure that eventually the market will catch up. Tony has spent decades developing his own methodology for doing this analysis and that’s what we talk about on the podcast. We’ve had some pretty impressive folks on the show, including Alan Kohler and Roger Montgomery.

Last week I wrote a post about what I’ve learned about value investing during our first six months. It’s actually going through a phase of being unpopular at the moment, as low interest rates are helping to drive tech stocks through the roof, which leads to claims that value investing is dead. However, far smarter people than I, including Tony, Buffett, Charlie Munger and Roger Montgomery still think value investing is the best long-term strategy, so I’m sticking with it. Investing like Buffett, one of the most successful investors of all time, sounds like a good idea to me.

QAV with Alan Kohler

Check out our interview with one of Australia’s most respected finance journalists, Alan Kohler. Alan gave us his thoughts on the economy, unemployment, internet stocks, lying CEOs, and his role with the Australian Indigenous Education Foundation. 

QAV podcast with Alan Kohler

QAV looks at Stanmore Coal

On episode #12 of QAV, 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.

Investing with Joe Barberis

Our guest on the QAV podcast 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.