This Hall of Famer has uncovered a stock worthy of Warren Buffett’s portfolio

This Hall of Famer has uncovered a stock worthy of Warren Buffett’s portfolio

When volatility strikes, investors invariably become more reflexive and less disciplined.  But investing with reckless abandon is almost certainly going to lead to bad outcomes.   

Experienced investors stick to the game plan – a game plan borne of experience and a process that’s been tried and tested through the full business cycle.  

On today’s episode of The Rules of Investing, David Thornton sits down with Matt Williams from Airlie Funds Management. 

Matt cut his teeth in 1993 when he joined Perpetual Investments as an equities dealer. That was followed by 17 years at Perpetual, working alongside heavy hitters including Anton Tagliaferro, Peter Morgan, and John Sevior. There he held the role of head of equities from 2011 to 2015. He joined Airlie in 2016, with a remit that includes Australian share strategies for institutional clients and the Airlie Australian Share Fund for retail clients.

This year, Matt was recognised as one of the best in the business and inducted into the Hall of Fame, joining a small and distinguished list of Australia’s best fundies (including the three Perpetual alumni mentioned above).   

Matt explains why the Aussie market has fared better than its global peers, where valuations are and where they’re going, and the one Aussie company Matt reckons is made for Berkshire Hathaway’s portfolio. 

Note: this episode was recorded on Thursday December 13, 2022.

Timestamps

1:40 – Leaning from mentors, past and present
3:15 – It’s not only what you own, it’s what you avoid
5:00 – Why the Aussie market has outperformed global peers
8:00 – Cash is king
14:00 – Stress testing companies
18:30 – Defensive anchors
20:00 – Getting in early with Mineral Resources (ASX: MIN
22:00 – Upgrade the quality when the market falls
23:00 – Buying blips
28:04 – A business made for Buffett

Show More

Backward
Play
Forward
1x speed
  • 0.5
  • 1
  • 1.5
  • 2
Other episodes
The next 10 years in ETF growth could be dominated by this asset class

The next 10 years in ETF growth could be dominated by this asset class

If there is any one investment product that has experienced a true boom over the last 10 years, it is exchange-traded funds (ETFs) and exchange-traded products (ETPs) more broadly. 
The number of listed products has increased by 17.5 times in Austral...

22 downloads Rules of Investing Mar 22, 2024
28m
Warryn Robertson’s guide to picking the best infrastructure stocks on the ASX and abroad

Warryn Robertson’s guide to picking the best infrastructure stocks on the ASX and abroad

Warryn Robertson, portfolio manager and analyst at Lazard Asset management, understands the nuances of infrastructure assets like few others in the market. His approach is to find monopoly assets with inflation protected revenues, high margins and re...

44 downloads Rules of Investing Mar 14, 2024
39m
The policy overhaul Shane Oliver would make to secure Australia's fortunes

The policy overhaul Shane Oliver would make to secure Australia's fortunes

"Living Legend", "One of a kind", and "Diamond in the Rough are not terms usually bandied about when describing economists! But these are just a few of the hundreds of messages of support and appreciation that flooded a recent social media post recog...

75 downloads Rules of Investing Mar 01, 2024
46m
Where Soul Patts is investing for long term growth and dividends

Where Soul Patts is investing for long term growth and dividends

If you’re looking for the future blue chips of the ASX then Washington H Soul Pattinson might be worth a closer look. The company has been around for more than a century, has never missed a dividend payment but, for the most part, has flown under inv...

80 downloads Rules of Investing Feb 16, 2024
41m
How Hyperion unearths rare but exceptional growth companies (plus two that pass their filters)

How Hyperion unearths rare but exceptional growth companies (plus two that pass their filters)

The structural forces that saw growth investing rise to the top after the GFC remain. Covid created a blip, but the world is returning to slow growth, low inflation and lower interest rates. That's the perspective of Jason Orthman, the Deputy Chief I...

109 downloads Rules of Investing Feb 02, 2024
45m
How to invest $1 million in 2024

How to invest $1 million in 2024

Each year, Barron's releases a list of Australia's Top 100 Financial Advisers. Pitcher Partners' Charlie Viola and Lipman and Burgon Partners' Paul Burgon have featured high on this list over the years, and both ranked in the top 10 in 2023.
As part...

126 downloads Rules of Investing Jan 08, 2024
29m
The lead indicator for Dion Hershan’s best trades (and two high quality stocks for the ”slow grind” ahead)

The lead indicator for Dion Hershan’s best trades (and two high quality stocks for the ”slow grind” ahead)

Two years ago, on a trip to Perth, Yarra Capita’s Dion Hershan was pitched the case for lithium stocks by his Uber driver. Hershan says it was a cliche moment and a classic example of a ‘ringing the bell’ sign. On the flip side, there are moments whe...

126 downloads Rules of Investing Dec 20, 2023
41m
Ben Griffiths’ small cap playbook as animal spirits awaken

Ben Griffiths’ small cap playbook as animal spirits awaken

The penny has dropped and thanks to a three-letter word from the Federal Reserve's recent interest rate decision ("any"), small caps both in the US and in Australia have started to rocket out of a long slumber. For most of the last 18 months, small c...

140 downloads Rules of Investing Dec 14, 2023
44m
2 killer growth stocks (and why culture is key to successful small caps)

2 killer growth stocks (and why culture is key to successful small caps)

Culture is not something that immediately springs to mind when assessing a company and its prospects for the future.
More often than not, we investors are scouring profit and loss statements, comparing financial ratios and (if we have the time and sk...

386 downloads Rules of Investing Nov 17, 2023
36m
Suggested Stories

Who would have guessed laws required companies to request...

DisinterestedSep 25, 2022
0 mins read

The question of whether abortion should be legal has been...

DanielJun 26, 2022
4 mins read

Four-time major winner Brooks Koepka has also left the PG...

sportislife15Jun 26, 2022
0 mins read

The subsidisation of unreliable “renewable” power is why ...

DisinterestedJun 19, 2022
0 mins read

LIV Golf is off to a good start, whatever the PGA Tour an...

sportislife15Jun 11, 2022
4 mins read

All governments eventually lose power, but the Liberal Pa...

DanielMay 29, 2022
4 mins read