Latest ASX News

What’s Not Priced In #9: Look Out! Aussie Stocks AREN’T Cheap

By Kiryll Prakapenka, Friday, 21 July 2023

In this week’s episode, I talk to Katana Asset Management Portfolio Manager Romano Sala Tenna. Katana has generated long term outperformance (resulting in significant compounding effects) and is currenting sitting on a 35% cash weighting.

Dear Reader,

We have something a little different for you in this week’s What’s Not Priced In.

A special guest filled my spot on the podcast this time around.

In this week’s episode, Greg talks to Katana Asset Management Portfolio Manager Romano Sala Tenna.

Katana has generated long-term outperformance (resulting in significant compounding effects) and is currently sitting on a 35% cash weighting.

He explains why they are cautious on the market right now and what it would take to put that cash to work.

As well as discussing the current state and outlook for markets both here and in the US, Greg and Romano discuss the process behind the fund’s long-term outperformance, and touch on the investor mindset and emotional awareness.

Romano then gives us his take on ‘what’s not priced in’ right now.

Finally, they finish on the concept of suffering…and why you should not only accept it, but learn from it…

We hope you enjoy this week’s episode and our special guest.

Regards,

Kiryll Prakapenka Signature

Kiryll Prakapenka,
Editor, Money Morning

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Kiryll Prakapenka

Kiryll’s Premium Subscriptions

Fat Tail Investment Research

The Race is On
By Dr. Lachlann Tierney

China could shut the rare earths tap on 10 November, maybe sooner. Beijing is squeezing its banks for cash while building the fastest robots on earth. Action’s on you US.
The Truth About Black Swan Events
By Jim Rickards

I began studying complexity theory as a consequence of my involvement with Long Term Capital Management, LTCM, the hedge fund that collapsed in 1998 after derivatives trading strategies went catastrophically wrong.
We Cost Too Much
By Dr. Lachlann Tierney

Labour eats up to half the cost of building a house in Australia. Elon just launched a car with no steering wheel. The robots are coming for the rest.

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.