Last week in our article looking at the potential for an escalation in fiscal deficits we made a few calls, first that the S&P 500 would inch higher following more QE from the Federal Reserve and news flow out of China negotiations. This week we would like to follow this up with what we feel are some rather interesting developments in the seemingly bubble-like universe of central banks and their viewpoints. As well as some interesting stories around why we feel like there will be a reversion to the mean in terms of value versus the market all together through next year.
One of the most baffling questions for investors in recent years has been the excessive and, we would say, egregious valuations we have witnessed with growth equities. With some commentary beginning to surface suggesting that value might be on the come back, we give our two cents on the issue.
Following a successful visit by the TAMIM Alpha Fund team, we thought it would be a good idea to dig into the historic, economic, and political background of the opportunity they seek to exploit. All of us are familiar with the saying ‘necessity is the mother of all innovation’ and nowhere is this more applicable than the land of Zion. The remarkable feats achieved by this small, industrious nation over the past few decades speak for themselves.
The Small Cap team explain the two things they look for when deciding whether to buy a company or not. They dig into how they go about reaching a conclusion on these particular points and provide examples to illustrate.
Guy Carson looks to the past in examining what is happening with valuations in the tech sector. Have we seen this before?
The Small Cap team take a look at one of the core principles of value investing. They examine the way in which business fundamentals and interest rates impact on intrinsic value.
Guy Carson examines the current state of valuations in the Australian market. Some might argue that more than just a couple of stocks are looking a bit pricey.
The TAMIM Australian Equity Small Cap team take a look at their approach to value investing. They lay out fourteen basic tenets that guide their investing while providing a number of accompanying examples.
The Small Cap investment team take a look forward to the new financial year and present five key considerations for anyone who plans to be invested in the small cap universe in the year to come.
In light of the recent Blue Sky drama, Guy Carson takes a look at how he identifies companies with potential for these blow ups. Digging into GetSwift, Big Un and Blue Sky, this is a must read for any self-directed investor looking to avoid getting caught up in blow ups like these.
Guy Carson presents his outlook for the 2018 calendar year. Taking a look at what has happened in the last twelve months, Guy discusses what to expect from the Australian economy in the year to come and some interesting sectors to watch accordingly.
This week we present a piece by Hamish Carlisle, analyst with the TAMIM Australian Equity Income IMA powered by Merlon Capital Partners, as they follow up a previous piece on the merits of value investing.
This week Robert Swift takes a look at how growth and value strategies have performed historically and how he sees them performing going forward.
This week the Small Cap team take a look at why investors frequently undervalue a simple but proven business and instead hit for the fences with supposed disruptors.
Robert Swift, of the TAMIM Global Equity High Conviction IMA, was recently invited to attend the ever-popular Berkshire Hathaway AGM. He has taken the time to write some notes on what he found interesting and what he observed.
We take a look at the "shopping list" of qualities our small cap team look for in making an investment. They run through each and provide a stock example to illustrate their point.
I recently attended a presentation by one of our investment managers to a group of self-directed investors and, as you would expect, the usual question was posed by the audience: “Warren Buffett says you should invest in passive index driven strategies and not with active fee charging managers as they can’t beat the passive index over long periods of time. What are your thoughts on this statement by the world’s best investor?”
The managers of the TAMIM Australian Equity Small Cap Individually Managed Account (IMA), take a look at the importance of understanding the psychology of other players in the market and reveal where they look to gauge what others are thinking and how this informs their investment decisions.
Guy Carson presents his outlook for the 2017 year. WA and Queensland are potential economic problem areas which could have an impact on your banking investments, read on to find out the sector and investments that we believe you need to be focusing on in 2017.
The team at DMX, managers of the TAMIM Australian Equity Small Cap IMA, take a look forward to 2017.
This week we feature the third in a 3 series set of articles highlighting the advantages of incorporating Small Company shares in your portfolio. The fund underlying the TAMIM Australian Equity Small Cap Individually Managed Account (IMA) has returned over 32.7% in the 12 months to 30 June 2016. If you would like to discuss this IMA with one of our directors please contact us at firstname.lastname@example.org. This opportunity is strictly limited to $100m to protect the portfolio's investment style and philosophy.
The small cap team take a look at correlation when it comes to microcap investing and why stock movements in the micro cap universe are explained by stock specific factors rather than market movements.
This week TAMIM launches the TAMIM Australian Equity Small Cap Individually Managed Account (IMA). This week we start the first in a 3 series set of articles highlighting the advantages of incorporating Small Company shares in your portfolio. The fund underlying the TAMIM Australian Small Cap portfolio has returned over 37% in the 12 months to 31 May 2016. If you would like to discuss this IMA with one of our directors please contact us at email@example.com. This opportunity is strictly limited to $100m to protect the portfolio investment style and philosophy.
Markets & Commentary
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.