Episode 25: Market sell-off and interesting times

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Frazis Capital Partners
Australian Financial Review

Australian Financial Review

Hello all, Tom Richardson at the Australian Financial Review featured us in an article available online here. Hope you’ve had an…

Michael Frazis

Portfolio Manager, Managing Partner

This Weeks Guest.

Robert Stretch, MD


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Peter Stevens joins us to talk about the market sell-off, how we’re positioned, and interesting opportunities that we’ve found. 

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Peter writes his own market commentary here: 


0:24 – Peter wipes away his tears

0:50 – There’s growth and then there’s growth (e.g. Afterpay vs Zip)

1:30 – Why you should pay up for quality businesses

2:17 – Illiquidity during sell-offs

2:50 – Electro Optic Systems (ASX:EOS), a great business that does not fit ESG criteria

3:35 – Analysing quality within the WAAAX (the Australian equivalent of the FAANG)

4:54 – Frazis Capital’s avoidance of education and tourism stocks

5:50 – Peter and Michael look at Qantas (ASX:QAN), Australia’s major airline

7:40 – Theoretically maintaining a 20% cash position

8:00 – Michael discusses Ray Dalio’s “Principles”

9:25 – Carvana (NYSE:CVNA), Frazis Capital’s largest coronavirus casualty

10:22 – Afterpay’s (ASX:APT) accelerating growth and Frazis Capital’s internal forecasts

11:40 – Afterpay’s US in-store opportunity

12:30 – The benefits of an equities/treasuries strategy over popular options strategies

13:43 – Global stimulus packages and expansionary monetary policy

14:13 – Renewable energy businesses and how they may benefit from stimulus packages

14:45 – Twist Bioscience (NASDAQ:TWST), a well-performing Frazis Capital position

15:30 – Viruses tend to become less dangerous with time because of evolutionary pressures

16:55 – Gilead’s (NASDAQ:GILD) antiviral drug and the coronavirus

17:25 – Some Aussie smallcaps touting business expansion into virus-induced growth industries (e.g. hand sanitizers, diagnostics)

18:30 – The panic in supermarkets parallels the panic on markets

19:08 – “Buy when there is blood in the streets” (Baron Rothschild) and its relevance to this sell-off

19:25 – The origins of Rothschild’s famous blood in the streets quote

20:45 – Frazis Capital portfolio construction during the coronavirus sell-off

21:55 – Zoom’s (NASDAQ:ZM) coronavirus rally and its rich valuation

23:00 – Peloton (NASDAQ:PTON) and Carnival (NYSE:CCL), two stock picks from NYU Professor, Scott Galloway

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