At the 2019 Morningstar Investment Conference, Tim Murphy sat down with Hamish Douglass to discuss how Magellan was transformed from a new business during the GFC to managing $83 billion now.
Tag Archives | investment skill
Howard Marks distills a lifetime of investing into his new book, and perhaps as a sign that he has really mastered the market cycle, he has just sold a majority stake in Oaktree to Brookfield.
Investors do not ask enough questions of their fund managers before they commit money. It’s worth at least knowing whether a long-term view is taken rather than the easier road of jumping in and out of markets.
With the Royal Commission Final Report a week away, and a new year stretching ahead of us, it’s time for all market professionals to decide what they stand for, and call out bad behaviour that affects everyone.
Many active managers are closet indexers. The real cost of forcing a skilled manager into a low tracking error is the limit to the upside.
A former professional footballer draws five lessons from his sporting life into his current career in finance. Success in one year in no way ensures that the next time will be any easier.
Bringing funds management in-house is a popular move for large Australian super funds, but the potential problems have been highlighted by Harvard, an early pioneer of the practice, returning to outsourcing.
Even the experts can slip up sometimes with insufficient diligence when making investment decisions, but it’s important to self-assess mistakes to avoid a repeat experience.
Different styles of investing are suited to different types of people. Knowing which style is best suited to your character and temperament can make a big difference to your investment outcomes.
Research shows most super fund Investment Managers consider tax implications when making their investment decisions. With the right tax knowledge and confidence, they could achieve even greater tax efficiency.
The key to good investing is knowing when the odds are in your favour, and equally important, knowing how to apply that edge. With experience, it should give the confidence to run more concentrated portfolios.