Quarterly Commentaries

The investment team spend a lot of their time thinking about individual stocks, markets and all sorts of other related (or often unrelated) topics. These get filtered through the quarter with the (hopefully) more interesting ones making it into our quarterly commentaries. These can be found below - we hope you find them interesting reading.

  • January 2017

    In this investment commentary we review the quarter before discussing our exit from Slater and Gordon in more detail. With the thick end of this decade now passed we look at where equity markets have got to and consider where they might end the decade. Then we have a closer look at the often...
  • October 2016

    We start by discussing our activity over the quarter.  In “Why investing for the long-term works” we reconcile two seemingly contradictory investment approaches recommended by Warren Buffet.  We worry about traditional balanced investment strategies in “Traditional balanced funds - return...
  • July 2016

    We kick off by reviewing the previous quarter, then discuss the decisions that a corporate has to make when choosing their IPO broker and its implications for investors in “Choosing a Lead Manager for your IPO, Size Matters”.  We then consider the levels of foreign ownership in our share...
  • April 2016

    It’s a big read this quarter, but don’t forget you have three months to get through it.  So take your time.  We start by reviewing the previous quarter, then give you some tools for predicting the future in “NZ Equity returns – future predictions”.  We then give our opinion on Scott...
  • January 2016

    We start by reviewing the previous quarter, then look in to our crystal ball for 2016 and beyond.  We then discuss the prospects for oil, and review Slater and Gordon, a topical company on the Australian Stock Market.   Disclaimer: The following commentaries represent only the...

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