2018 was a poor year for sharemarket returns in Australia. We fared even worse. In this extract from the Quarterly Commentary Simon Mawhinney explains some of the reasons for our underperformance and highlights one stock where we have found value.
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Different from the sheeple
Not all red berries are dangerous
Looking beyond the numbers
Staying on track
Short-term gains, but for what consequences?
Belief and patience can lead to long-term outperformance