Articles

Articles, News

Banks approaching “maximum pessimism” and on the slide…

October, 2018

In this interview with Lucas Baird from RFI Group, Karl Siegling warns “Australian banks are on a slide and investors should keep their distance as the industry reaches, maximum pessimism.” “Royal Commission, Hayne, conflicts of interest, vertical & horizontal integration, everything you’ve read in the paper – it may be that temporarily we have formed […]

Articles, News

What it means to be a ‘contrarian’ investor

October, 2018

Emotions play a very big role in investing, but so does logic. In finance we often hear people say, “buy low, sell high” or “buy cheap stocks and sell expensive stocks”. You cannot fault the logic. It appeals to common sense, it makes intuitive sense and it should be a profitable strategy. But it is […]

Articles, News

Moving beyond ‘The Lost Decade’

September, 2018

It is fast approaching the eleventh anniversary of the record high for the All Ordinaries Index, the high it set in November 2007 at 6,873. And while the index is within cooee of the old high, it has now been over a decade in which the market has failed to set a new high. This […]

Articles, Cadence In The Press, Media, News

AFR – Karl Siegling’s Cadence puts finishing touches on new $250m LIC

July, 2018

Cadence Capital is planning a $250 million-plus listed investment company on the ASX. The new LIC – to be called the Cadence Opportunities Fund – is being pencilled in for a listing on the local bourse late in the third quarter, after joint lead managers are appointed on the deal.

Articles

Cadence Article 10: The industry – A crucial piece in stock evaluation

July, 2018

Fundamental or technical analysis on a company that ignores the industry in which it operates is like doing research “in a bubble”. In this article for Morningstar, Karl Siegling discusses the importance of the industry in which a company operates in and some factors to consider.

Articles

Cadence Article 12: Market Psychology and Emotions in Action

June, 2018

We examine Macquarie Group Limited (ASX: MQG), one of our larger positions, where we have combined our fundamental approach with the process we use to scale into and out of positions to ensure that we are adding to winning positions and reducing losing positions.