Karl Siegling discusses Aussie Banks (CBA, ANZ, WBC and NAB) with Livewire

August 20, 2015

Video by Livewire Markets. Livewire Markets brings together the most relevant and informed insights from leading fund managers and investment professionals. The Cadence Team contributes to Livewire Markets.

People may remember that Kerry Packer tried to buy Westpac in 1993… at 90-95c to the dollar. He was trying to buy Westpac for below NTA. Fast forward to now… Westpac is trading at 3 times NTA. So there’s a dollar of NTA… and it’s trading at $3. The reason it’s got there is because Mums and Dads are happy to pay $3 for a dollar of assets because they’re getting 5.5% fully franked yield.

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10 Books To Read Before Buying Your Next Stock

Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.

The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.

Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.