articles by Lisa Fedorenko
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Hospital check-up
Lisa Fedorenko
September 15, 2017
The private hospital diagnosis this results season was as unpleasant as this year’s flu season. Since result day, Healthscope (ASX: HSO) has plummeted 25 per cent down to $1.68 and Ramsay Health Care (ASX: RHC) 19 per cent to $63.84. Roger Montgomery previously discussed some of the risks we had identified into the results in this June blog. Into the results we felt that both hospital operators were trading at stretched valuations and as a result reduced our positions. Following the share-price correction, we remain comfortable with our remaining holdings. Continue…
by Lisa Fedorenko Posted in Health Care.
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On your nerves – part 3
Lisa Fedorenko
September 5, 2017
By this point you may have noticed that I have a soft spot for how psychology affects investment decisions. This is well founded, because the more you know about behavioural biases, the more you can limit how your blind-spots impact your investments. Continue…
by Lisa Fedorenko Posted in Investing Education.
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3 more cognitive biases you need to know
Lisa Fedorenko
August 21, 2017
As outlined in a recent blog post, our minds are prone to numerous fallacies and biases. Just like you have a natural blind spot in each eye (where the nerve ending connects to the back of your cornea), we have natural blind spots in the way we think. To make better investment decisions, it’s critical to recognise and guard against them. Continue…
by Lisa Fedorenko Posted in Investing Education.
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Nerve over intellect
Lisa Fedorenko
August 3, 2017
Warren Buffet was once asked whether intelligence or discipline is more important in investing. His response: “To be a great investor you don’t have to have a terrific IQ. If you’ve got 160 IQ, sell 30 points to somebody else because you won’t need it in investing. What you do need is the right temperament.” Let’s look at some ways to develop the ‘right temperament’. Continue…
by Lisa Fedorenko Posted in Investing Education.
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Is Myer cheap?
Lisa Fedorenko
July 28, 2017
The plight of Myer Holdings reflects the massive changes occurring in the retail space. Myer’s share price has plummeted from around $3 back in 2013 to just 76 cents. The price now implies a 3x EV/ EBITDA multiple – which looks cheap. So, what is this price assuming? Is it screaming cheap, or a value trap? Continue…
by Lisa Fedorenko Posted in Consumer discretionary.
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How driverless cars will change our lives
Lisa Fedorenko
July 19, 2017
Today, there are over 1.2 billion vehicles on the world’s roads. Which means that the advent of autonomous vehicles is going to have a profound effect. Who will be the winners from this new, disruptive technology? Who will be the losers? And what changes are we likely to see?
Continue…by Lisa Fedorenko Posted in Manufacturing.
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Why the insurance brokers have run
Lisa Fedorenko
July 11, 2017
In this week’s video insight Lisa discusses Steadfast and AUB group and their stand out performance year to date.
The Montgomery Funds own shares in Steadfast and AUB group.
by Lisa Fedorenko Posted in Editor's Pick, Video Insights.
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Why it pays to harness diverse views when forecasting
Lisa Fedorenko
July 5, 2017
“It is far better to foresee even without certainty than not to foresee at all,” wrote French mathematician, Henri Poincare. It’s a comment that’s really pertinent to us as investors. Here, I’d like to share with you some insights on how to improve your ways of ‘foreseeing’. Continue…
by Lisa Fedorenko Posted in Investing Education.
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Is TEN the canary in the ‘old media’ mine?
Lisa Fedorenko
June 28, 2017
Today, digital disruption is everywhere. We’ve written about this previously – and talked about the massive shift in advertising dollars from old to new media. With TEN group entering voluntary administration, we thought we’d have a closer look at what’s happening, and the prospects for mainstream media. Continue…
by Lisa Fedorenko Posted in Media Companies.
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How to invest like Chuck Norris
Lisa Fedorenko
June 7, 2017
Action hero and martial artist, Chuck Norris is widely associated with an internet meme that documents fictional and often absurd feats associated with him. Now, wouldn’t it be handy to have some of those supernatural powers when making investment decisions? Because the future is full of unpredictable events that can really play havoc with your investing. Continue…
by Lisa Fedorenko Posted in Investing Education.
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