Chch Investor Meetup — Dec 5, 2015
A while back in August, before the start of the recent sets of meetups, Daniel had drafted a virtual fund where we had NZD$ 500 million to invest in New Zealand. We followed up today with the development of a group decision virtual fund to further learn about markets.
If you’re curious, here’s the virtual fund that Daniel’s started — which in the past 3 months, have performed rather well.
NZD$ return is around 12% for 3 months plus, if you’re looking at it from a perspective of USD$ (which the current group is leaning towards benchmarking), the return in USD$ is around 15%, if the fund was to liquidate last Friday. This is a long only fund.
We’ll be building the next group fund of USD$ 100 million, if you’re keen to join, do message the group.
This week, we’ve discussed more about investment legends, many of them who are continuing to grace the podcast, Bloomberg’s Masters of Business.
We’re recommending them all for a listen, the must listen to according to Kirk are:
- Jeremy Siegel
- Ken Fisher
- Meb Faber
- Robert Schiller
Our startup investing segment this week covers investor Chris Sacca. Highly recommended are the following long interviews with Chris.
Kirk also shared about the Gimlet podcast which shared the experience of pitching Chris Sacca, a reality podcast.
Another recommendation is David Rose’s book on angel investing.
We also had a brief discussion with regards to how high frequency trading funds are/were front-running the public. Often mentioned book about this topic is Michael Lewis’s Flash Boys.
Back on the home front, Daniel shared two sites which are source for ideas around looking for companies to trade. One is a discussion forum, while another is an annual stock picking competition between brokers and retail investors.
Donald shared a piece on dollar cost averaging, which he is not a fan of, as the better way to time one’s investment in a public company should follow the approaches of Baron Rothschild (“The time to buy is when there’s blood in the streets”) and Warren Buffett (“Be fearful when others are greedy, be greedy when others are fearful”).
The discussion had a slight turn towards musicians and how talent there can be parlayed to become a success. Alex brought forward three tales where the business of culture is both a mix of timing, persistence, luck and a lot of art.
Tale 1: Jimmy Chamberlin of Smashing Pumpkins fame, is now in the startup space (that’s how it gets related to our investment discussion!) Here’s an interview of Jimmy that details some of the early efforts in Smashing Pumpkins that was building towards what the market was ready for.
Next up is the story of a recent docu-movie, Straight Outta Compton, which details the rise of hip hop as a genre.
And finally, a tribute to Jerry Weintraub, who’s initial fame in media came from promoting Elvis Presley’s nationwide concerts, which then lead towards his phenomenal career of discovering and promoting talents such as John Denver, Frank Sinatra, Bob Dylan, Neil Diamond, The Beach Boys, The Carpenters and many others. Jerry later became a producer, putting out franchises such as The Karate Kid, Ocean’s Eleven and many other TV & film production.
Lastly, Daniel recommend’s Ray Dalio’s Economic Principles website.
Happy trading in the coming year!
