Danielle Ecuyer
speaker
864 appearances
2 recordings
1 series
first heard Oct 2021
last heard Nov 2022
Danielle Ecuyer’s voice in public audio — every appearance, attributed to the second.
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Appearances
Australian Finance Podcast · How to invest in US companies with Danielle Ecuyer · 11 Oct 2021
podcast
Our banks are very exposed to property.
And that's a phenomenon that's across the world.
It's not peculiar to Australia.
But I guess it's a thing like you can go and buy smaller cap stocks in Australia that might give you some exposure to some of these secular themes, but by definition, because they're smaller, newer, they're typically higher risk and that's the thing, if you can buy a great company that gives you exposure
to the cloud or to cyber security, but it's been around a lot longer and it's got a proven track record.
To me, that is a better risk adjusted assessment than buying a small cap that might do well for a couple of years, but then might have lots of problems.
question because you often hear everybody saying oh it's time to buy Europe so cheap or Japan Japan's coming back and you know there's going to be a new government and they're going to start spending and Japan's the place to go and oh but China of course we have to buy China because it's the biggest growth engine in the world.
Two points is I do have some charts that I can actually show on this, but the first point I wanted to make when we did global emerging markets, it's really important to understand that no single investor can possibly stock pick across the globe.
Okay, so I'm never ever advocating
You as an individual investor should say, I'm going to buy that company there, that company there, that company there.
It is like, that's way too hard.
Even if you look at the likes of Magellan and Charlie Aitken that try and do that, it's a higher risk strategy to selectively pick, you know, 10 companies from around the world.
So how we used to do it doing global emerging market strategy,
The way I would approach it, you either do it from a macro point of view, so you take a top-down approach, and in emerging markets it's always like GDP is growing so rapidly and they've got an emerging middle class and it's going to grow a lot faster than the mature economies, therefore you invest there.
Alternatively, and this is my preferred, is you look at sectors and themes.
And sectors and themes are a much easier way to ride a growth wave.
So I would say to people don't try and stop pick globally, I don't have an issue with stop picking in the US, if you are so inclined, but I wouldn't say start going off and trying to pick just buying Taiwan semiconductors over in Taiwan and then you buy
know toyota and japan and or softbank or something like that i just think that's a recipe for giving yourself a nervous breakdown but if you do want to look at themes i think that's a great idea and um that is something that we will come to and the book discusses a lot but i'll just quickly show a couple of charts if you don't mind
Yeah, I just wanted to... PowerPoint slide too, got it going on.
Yeah, no, I just wanted to go back.
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