The High Flyers Podcast with Vidit Agarwal

Investment memo: What is really going on in the economy, inside the current state of markets

Jul 6, 2022

39:14

Explore your curiosity with Elise Kennedy, who leads the Australian equity research team covering tech and internet stocks at the investment bank, Jarden. I really wanted to have Elise on because equity markets, inflation, interest rates, and the general economy are a hot topic of interest.

Learn about the status of current markets and why we’re in this position, how are companies rated as under or over valued, the role of M&A and leveraged buyouts during volatility, geographical impact, tourist investors perhaps exiting the market and more.

Please enjoy!

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Find out more about Curiosity Center, including 90+ episodes at www.curiositycenter.xyz

Find out more about Jarden at https://www.jardengroup.com.au/

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TIMESTAMPS

01:46 - Elise’ path into investment banking

02:56 - Life as an associate

03:52 - Life now as Vice President

04:32 - Perception vs reality of titles like Managing Director

05:15 - Overview of current markets (public and private)

07:18 - Tech companies seeing sell offs despite strong fundamentals

09:09 - How do investment banks rate a stock as under or overvalued?

11:55 - Tech pull back vs broader economy

14:12 - Inflation impact on the consumer

16:07 - Geographical impact and correlation between Australia and the US

18:18 - Does Elise’ role change in an up vs down market

19:29 - The role of M&A and leveraged buyouts in volatility

21:32 - Opportunities for VC’s deploying capital at better valuations

23:51 - “Tourist” investors leaving the market

25:14 - Super funds tightening capital allocation

26:56 - Cross over funds requiring re-alignment of exposure

27:36 - Metrics of EBITDA, Price to earnings ratio, CAGR

29:09 - Filtering through speculation

32:30 - Structuring work week and reports Elise reads

34:05 - Elise using her recreational pilots license to switch off

36:00 - Personal areas of investment interest

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