I’m sorry if this is above your intelligence

Tuesday, 11 September 2018
London, UK
By Sam Volkering

  • How My Body Works
  • If you’re serious about it be serious about it
  • It’s not your fault it’s your education
  • The most important service I’ve ever developed

Tomorrow we will be offering complimentary subscriptions to a brand new service I’m launching.

But only to the first 750 paid Port Phillip Publishing subscribers. And only if you register first, by clicking here.

More on this service in a moment.

First…to space. And dinosaurs. And cars and planes. But, mostly, the human body. As a kid I was fascinated with all of these things.

For this reason I had a huge number of books. Everything from books on space to Stephen Biesty’s cross-section books. I was fascinated with how things worked. I always wanted to get on the inside and understand everything I could.

The human body was one of those incredible machines I just had to understand how it worked. When you think about the human body it’s really a universe within the universe.

The intricacies of the circulatory system, the biomechanics of the musculoskeletal system — it was and continues to be fascinating.

In the 90s there was even a series of books published called How My Body Works. These were fortnightly (I think) books that each dealt with a specific area of the human body.

One week was the muscles. Another was the skeleton. Then there was the brain, kidneys, lungs and all the other parts of the body. It also had books on breathing, emergencies, breaks and fractures. It was incredibly comprehensive.

Overall there were about 50 or 60 books to collect for the whole series. And with each one you got a little plastic part of the human body. As you collected them all you assembled what would become a figure of the human body with all the parts collected.

By the end of the series I was a very clued-up nine year old on a lot of the basic understanding of how the human body worked.

206 bones (208 depending on the sternum count). Four heart chambers. How red blood cells carry oxygen and white ones protect you. So much knowledge.

I didn’t go on to be a doctor though (clearly ended up in finance). But what I’ve found interesting, retrospectively, is that my process for consuming and analysing data and information hasn’t dramatically changed in 35 years.

I wonder how things would have ended up if I only started and read the first three books of How My Body Works. I wonder if my attitude to information was to just look at the first things my eyes could see, and I’d neglected the ‘deeper dive’ and curiosity to search and uncover more.

Actually I know exactly how that would have turned out. I know because I see it every day with investors. In fact in my entire professional career I’ve seen the outcomes of what superficial information can do.

And sadly the outcome isn’t great.

Markets

Overnight the Dow Jones Industrial Average closed down 59.47 points, or 0.23%.

The S&P 500 gained 5.45 points, or 0.19%.

In Europe, the Euro Stoxx 50 index finished up 15.92 points, or 0.48%.

Meanwhile, the FTSE 100 rose 0.02%, and Germany’s DAX gained 26.71 points, or 0.22%.

In Asian markets, Japan’s Nikkei 225 is up 244.18 points, or 1.09%. China’s CSI 300 is down 0.01%.

In Australia, the S&P/ASX 200 is up 37.10 points, or 0.60%.

On the commodities markets, West Texas Intermediate crude oil is US$67.58 per barrel. Brent crude is US$77.54 per barrel.

Turning to gold, the yellow metal is trading for US$1,195.23 (AU$1,677.90) per troy ounce. Silver is US$14.17 (AU$19.89) per troy ounce.

One bitcoin is worth US$6,328.94.

The Aussie dollar is worth 71.25 US cents.

If you’re serious about it be serious about it

Every now and then in the Australian Financial Review (AFR) there’s a section called ‘Buy, Hold, Sell’. It usually has a few fund managers come in to give their say on three or four stocks.

For example in this week’s AFR they had fund managers from AIM Funds, Centennial Funds and Totus Capital. The stocks were Nick Scali Ltd [ASX:NCK], REA Group Ltd [ASX:REA], Wesfarmers Ltd [ASX:WES] and Boral Ltd [ASX:BLD].

Each of the fundies says their view on the stock: Buy, Sell or Hold.

Now on the face of it the average punter might not think much of this. They said Nick Scali was a hold. REA was a hold for one, a buy for another. Wesfarmers was a sell. And Boral was a hold for one and a sell for another.

This is the definition of superficial information. I don’t doubt these fund managers do a deep dive into these stocks when they add them (or take them out) in their portfolios.

But the average AFR reader doesn’t get that info. They just get Buy, Hold or Sell. And mark my words some people act on this information. Of course there’s no disclaimer or explanation about risks. There’s nothing to make note of in the general nature and superficial nature of the information.

In fact there’s nothing there to open the eyes of the reader to say hang on a second, do not follow this advice because it’s incomplete.

Might also add to the fact the AFR in all their journalistic excellence even spelt Wesfarmers as Westfarmers. Again, this is what you get by consuming superficial information.

I know people act on the information they read in the AFR or Business section of The Age. I also know that the majority of Australian investors refuse to invest on any market outside of Australia.

The reason for this is superficial information. Australian investors simply do not have access to the necessary information to make smart investment decisions.

In my mind, the bulk of the information that you will find in the mainstream is superficial, incomplete, inaccurate and frankly incompetent.

I don’t necessarily blame the AFR specifically. I blame investment culture in Australia. I blame the entire education system for a systemic lack of education and quality information for everyone.

It’s not your fault it’s your education

When I was nine I learnt about the human body at school. It was fascinating. It led me to kick Mum and Dad’s door down to get me every single book in the How My Body Works series.

But I didn’t learn what a stock market was. And I didn’t learn about investing. There was nothing to excite me or get me interested in it. That came externally, fortunately, from my Pop and my parents.

And when I did learn about it, it sparked a fascination to learn everything I could. That’s why I get so passionate about global investing. When you properly understand global markets, global opportunities, global stocks, you know that investing in just one country is the craziest decision any investor could make.

But for most people education about stocks, investment and markets only comes later in life. And most of it comes from the mainstream media. It’s almost all Australian centric. And it’s almost always bad news or uncertain news when it’s about anywhere else in the world.

The most important service I’ve ever developed

I don’t blame you if you’re one of those people who only invest in Australia.

You likely haven’t been given the right information on how straightforward it can be to invest overseas. You probably haven’t been given the right guidance and deep information on what to invest in and how to invest in it.

These things can be a bit much for some people. And frankly I know that investing overseas is going to be above some people’s intelligence. That’s okay, it’s really not for everyone.

But now for the first time in Port Phillip Publishing’s history I’ve been given the green light to completely open up my full arsenal of research on global markets. And for those capable and ready for it — it may be the most powerful service you’ll receive from us.

Until now I’ve been mainly restricted to Aussie stocks and revolutionary technology companies. However, the world’s markets are immense and they contain tens of thousands of great stocks that are as straightforward to invest in as any Aussie stock.

Now you can learn about these markets, these opportunities and the best global stocks to invest in with your own personal tour guide, me. It’s the most excited I’ve been about my stock research for the last five years.

This new service focuses solely on global small-caps.

It launches tomorrow.

You can receive a complimentary invite in the morning, but ONLY if you register here first.

I’ve got a watchlist at least 30 rows deep full of great overseas microcap stock opportunities. I’ve been chomping at the bit to publish my research, analysis, investigations and deep dives to Port Phillip Publishing subscribers for more than a year now.

And we’re imminently launching a new microcap service that’s going to get all this deep analysis to investors who really take their investing seriously. We’ve gone all out to get this ready and loaded for Port Phillip Publishing subscribers in the easiest way we can.

In my view it’s the single most important service I’ve launched for Aussie investors. I’m ready to unleash the power and potential of the world to investors who are ready to take their investing to the next level.

To make sure you receive your complimentary invite in in the morning, click here.

Regards,
Sam