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Understanding the sharemarket - how to Warren Buffett your way to wealth

This course has no current classes. Please join the waiting list.

Warren Buffett is arguably the world’s greatest investor. With an impeccable track record and a net worth approaching $100B, understanding his approach to investing in the sharemarket is vital for anyone wanting to build their wealth over the long term. This interactive workshop will cover investment basics, key concepts and calculations you need to know, behavioural investing, investment case studies and sources of information.

OUTLINE

Buffett & Berkshire Hathaway – Background

  • Track record of Buffett / Berkshire Hathaway
  • Your goal as an investor
  • Investing V’s speculating
  • Warren’s readings and mentors for success
  • Why Buffett ignores the economy
  • Being an Investor – behavioural Investing basics*
  • Circle of competence concept
  • Be prepared to walk away
  • Diversification V’s "Di-worse-ification"
  • Focus on the batting average
  • The ideal investment time horizon
  • Probabilities V’s single point estimates
  • Challenging your own ideas & controlling your biases
  • Understanding opportunity cost
  • Margin of safety – what it is and how to apply it
  • Investing in shares - concepts & calculations you need to know*
  • Economic moat concept
  • Return on Equity & Return on Capital – how to calculate these ratios and why are they important
  • Assessing balance sheet health – how and why you should avoid companies with too much debt
  • Comparing company earnings – EPS, DPS and other measures to compare company profitability
  • Valuing companies – PE, Price to Book, DCF valuations; which is the most important?
  • Case Studies – Some Australian companies that Buffett might like

Investing in Global Shares

  • Why invest in overseas companies?
  • Costs & Risks of buying shares directly
  • Active global managers – costs and expectations
  • ETF’s and Index approach to gaining offshore exposure

Sources of Information & other practical tips

  • ASX Info & Other free sites
  • Subscription based providers
  • Effective tools to filter ASX company information

Questions & Answer

THINGS TO KNOW

This course will be held at The University Club of Western Australia.

Lunch will be provided and is included in the cost. If you have any special dietary requirements please email our staff on info@universityclub.uwa.edu.au once you have booked.