Business quality: An effective acid test?
Nathan Bell recently conducted an interview with Ganes Capital Management’s managing director Wayne Jones. If you are a member of The Intelligent Investor and haven’t yet watched the interview, I...
View ArticleWhat’s the worst kind of competition?
Capitalism breeds competition. It’s what drives innovation and progress. It’s also what drives profits down and why companies go broke. It comes in many forms. Here let’s look at one of the worst: a...
View ArticleInvest in airports not airlines
If you want to make a small fortune farming, the saying goes, you need to start with a large one. Racehorses and football clubs can achieve the same result with ruthless efficiency, as Nathan Tinkler...
View ArticleBlue sky at Qantas?
The reaction to Qantas’ results has been universally savage. Everyone agrees the airline is doomed, that sensible investors should avoid the company and avoid the sector. No less than Warren Buffett...
View ArticleQantas a flying speccy gold stock?
Last week m’colleague Gaurav Sodhi made the case that there was a price for everything, even Qantas, although ‘the price wasn’t quite low enough yet.’ He’s right of course. Even hopelessly managed...
View ArticleThe one question to ask Alan Joyce at the Qantas AGM
If you want to fly the short hop between Singapore and Kuala Lumpur on Jetstar Asia before Christmas, you can do so for nothing. Yup, zero dollars. In fact, the most you’ll pay on any flight in...
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