Airlie's Matt Williams, digital gold, and Warnes on investor complacency | 15 Nov 2023

Wealth of Experience

Season 2, Episode 12
Special guest Matt Williams, Head of Australian Equities at Airlie Funds Management, explains the investment approach that's resulted in his firm having market-leading returns. And he details recent investments, including in two 'fallen angels', ResMed and Orora.
Our other special guest is Joe Cavatoni, Market Strategist at the World Gold Council. Joe describes the key drivers for gold, its future prospects, as well as the rise of digital gold and its potential to transform the industry.
Peter Warnes from Your Money Weekly looks at why rates will remain higher for longer, and investors are complacent about the risks that brings to markets.
And we begin the podcast with a special announcement regarding our other regular guest, Firstlinks' Graham Hand.

Chapters

1. Graham Hand announcement (00:00:00)

2. Peter Warnes - why the RBA chose to hike rates (00:02:39)

3. Peter Warnes - lag effect of previous hikes still to come (00:04:03)

4. Peter Warnes - whether RBA is done depends on data (00:06:55)

5. Peter Warnes - Fed is ahead of RBA with rates and probably done (00:08:44)

6. Peter Warnes - economic slowdown still to come (00:09:56)

7. Peter Warnes - slowing growth = lower earnings = lower market (00:13:56)

8. Peter Warnes - don't expect the Fed Put or anything similar (00:16:28)

9. Matt Williams - Airlie Funds Management (00:17:32)

10. Matt Williams - his career to date (00:17:52)

11. Matt Williams - How Airlie has beaten the market (00:20:07)

12. Matt Williams - their investment process (00:23:10)

13. Matt Williams - how to not catch falling knives (00:25:11)

14. Matt Williams - ResMed investment (00:25:53)

15. Matt Williams - GLP-1 risks for ResMed (00:26:44)

16. Matt Williams - Resmed's cheap vs other industrials (00:28:03)

17. Matt Williams - retailers he likes (00:28:48)

18. Matt Williams - Mineral Resources (00:30:10)

19. Matt Williams - Orora (00:32:56)

20. Matt Williams - Tabcorp (00:34:48)

21. Matt Williams - concentrated portfolios (00:36:45)

22. Joe Cavatoni - Market Strategist at The World Gold Council (00:38:51)

23. Joe Cavatoni - key drivers of gold (00:39:24)

24. Joe Cavatoni - gold and inflation (00:43:47)

25. Joe Cavatoni - gold and interest rates (00:44:35)

26. Joe Cavatoni - gold a commodity or currency? (00:46:42)

27. Joe Cavatoni - demand factors for gold (00:48:59)

28. Joe Cavatoni - gold as part of asset allocation (00:52:57)

29. Joe Cavatoni - rise of digital gold (00:59:52)