Equity Mates Investing Podcast
Q&A on leveraged ETFs, Netflix's 300% surge & we react to terrible financial advice
Oct 23, 2024
Cameron Gleeson, an investment strategist from BetaShares, brings his expertise to discuss the rise of leveraged ETFs in Australia. He dives into Netflix's rollercoaster journey, having surged over 300% after a steep decline. The conversation also touches on the turmoil faced by founder-led businesses and potential investment opportunities within them. Gleeson critiques misguided financial advice often seen on social media, warning against risky strategies like using debt for depreciating assets, while promoting smarter investing approaches.
38:45
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Quick takeaways
- Founder-led businesses face increased vulnerabilities during personal controversies, as shown by recent stock declines of WiseTech and Mineral Resources.
- Netflix's substantial recovery highlights the impact of strategic changes on market performance, moving from a focus on subscriptions to profitability metrics.
Deep dives
Challenges for Founder-Led Businesses
Recent market fluctuations have put significant pressure on founder-led companies, highlighted by the decline in share prices of WiseTech, Nick Scully, and Mineral Resources. WiseTech's shares dropped 15% due to a personal scandal involving its founder, while Nick Scully issued a profit warning that led to a 7% fall. Mineral Resources faced a dramatic 14% decrease after its founder self-reported involvement in an offshore tax evasion scheme. These cases illustrate the vulnerabilities that founder-led businesses can experience amid personal controversies and underscore the need for scrutiny surrounding such leadership dynamics.
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