Google: Value Hiding in Plain Sight?

In its simplest form, I view Google as the “gateway” to the internet. The company’s core search tool is one of the most relied upon utilities in the world, processing 3.5bn searches per day. It’s creation has truly revolutionised the way human beings access information and has made us incredibly more efficient. In addition to […]

Some Thoughts on Netflix

As Netflix’s share price continues its unabated journey to the moon, it seems timely to consider what exactly is baked into its valuation. Competition in the space is rapidly heating up and the company’s cash burn continues to worsen. At 14x sales the stock appears to be priced for perfection – and then some. Whilst […]

Australia: As Safe As Houses

It’s often difficult for many Australians to consider investment options beyond property. And to be fair, it’s hard to blame them. Australia’s 27-year run (and counting) without a recession driven shock has led to exceptional returns for banking and property investors alike. A generation of uninterrupted house price growth has created the seemingly irrefutable but […]

The Power of Compounding

“Compound interest is the eighth wonder of the world. He who understands it, earns it. he who doesn’t… pays it.” Albert Einstein At the heart of it, I’m looking to invest in durable, high quality companies at attractive prices. However, it’s important to note that for long-term owners of businesses, quality will prove much more critical […]

The Allure of Apple

Long AAPL @ $110 – Market expectations are far too brearish. Apple currently offers a 10+% FCF yield – which has historically represented a good entry point. After adjusting for net cash, Apple trades at just 10x 2015 earnings, providing an exceptional opportunity for a new money investment. Quality at a bargain price Apple’s track record of […]