Alitu<![CDATA[Redefining Active Investing]]>en-gbpodcast5c9325a9-92e5-5a5a-81c1-80892bd489d7episodicdistribution@ecpam.comECP Asset ManagementECP Asset ManagementECP Asset Managementfalsed48cc28e-b657-42c9-8203-f38e4aded255<![CDATA[Psych Test Your Investment Manager]]>In financial markets, a peculiar paradox exists - inefficiency abounds, yet most active managers fail to outperform long-term. What behavioural short-comings of investors cause this?

Join Damon Callaghan in this episode as he offers a range of possibilities as to why this is and questions for investors to ask of themselves and their investment managers to separate the skilled from the rest.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Wed, 18 Dec 2024 04:30:38 GMT00:18:00fullECP Asset Management7272dca0-330f-4913-bf80-ea1c12d9d573<![CDATA[Block - Part 3: The Convergence of Money and Commerce]]>Having looked backward to understand how Block grew Square into a US$150bn payments business and applied these learnings to scale Cash App into an 80 million US consumer fintech, Damon Callaghan now explores the opportunities ahead, where the connection of commerce (merchants) and money (consumers) has the potential to create significant value.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Thu, 23 May 2024 04:56:58 GMT00:08:43fullfalseECP Asset Management187f7545-e0c1-40ef-a73b-de79784d8d61<![CDATA[Block - Part 2: Cash App's Lifecycle of Sustainable Competitive Advantage]]>In this conversation, Damon Callaghan, Partner at ECP, takes us on part two of the Block journey, discussing the history and opportunity ahead for Cash App, the company's P2P payments powerhouse.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Tue, 12 Mar 2024 08:17:49 GMT00:11:10fullfalseECP Asset Management10e8aab6-0b5d-4ca1-924f-0010782ae043<![CDATA[A Journey Through America's Healthcare and Socio-Economic Landscape]]>

In this episode, Sam Byrnes reflects on his recent trip across the U.S., covering five cities in as many days, and shares his insights on CSL and the healthcare industry at large.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Mon, 05 Feb 2024 23:29:31 GMT00:07:51fullfalseECP Asset Managementd78da3fe-4d96-4c85-95e3-e24b444032da<![CDATA[2023: A Year in Review with Dr Manny Pohl]]>

In this episode, ECP co-founder and CIO, Dr Manny Pohl AM shares his thoughts on 2023, why it's important to focus on fundamentals, and the nuances of investing through paradigm shifts.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Mon, 29 Jan 2024 00:38:58 GMT00:09:53fullfalseECP Asset Management5f83dc7e-dedf-40ea-bf02-a59654a1583d<![CDATA[Weighing Up the Impact of GLP-1's]]>The rise of GLP-1 agonists, a class of medications used in the treatment of diabetes and obesity, has been a hotly debated topic amongst the medical and investment fraternities. In this episode, Andrew Dale discusses the potential risks and opportunities these medications pose to the health care sector and shares his thoughts on the implications for one high quality Australian company.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Thu, 26 Oct 2023 04:22:39 GMT00:11:56fullfalseECP Asset Management27a1be85-75ac-4459-8b25-da0d21e08d30<![CDATA[Conquering Confirmation Bias]]>In this episode, Sam Byrnes tackles confirmation bias, one of the most common behavioural biases investors must contend with when analysing investment opportunities and managing portfolios. Sam describes this phenomenon and shares some strategies investors can use to help mitigate its effects.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Wed, 02 Aug 2023 23:50:42 GMT00:09:47fullfalseECP Asset Managementb4303301-480c-4922-807f-e45e6ff9b2f5<![CDATA[Gold! Gold! Gold from the Japanese River]]>In this episode, member of the ECP investment team Annabelle Miller discusses her recent article on the modern day gold rush occurring in the semiconductor industry as a new wave of innovation is unleashed. Annabelle explains the advances in semiconductor technology and the high degree of technical precision this introduces to the manufacturing process, and how one company is uniquely positioned to service the increasingly demanding requirements of these producers.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Wed, 05 Jul 2023 06:00:57 GMT00:06:33fullfalseECP Asset Management39545e30-e3fc-44b2-8f07-28dbe17ddb1a<![CDATA[An Investor's Guide to Assessing Corporate Culture]]>In this episode, Andrew Dale, Partner at ECP, and Lucas Gamble from Leading Teams, specialists in culture change, leadership and team development programs, continue their conversation on corporate culture. Andrew and Lucas explore some of the characteristics and behaviours investors should look out for when analysing a business and assessing its corporate culture.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Thu, 01 Jun 2023 02:17:43 GMT00:07:32fullfalseECP Asset Management291459f2-4507-41e0-93eb-99fd772f3728<![CDATA[The Power of Passion: How Customer Loyalty Drives Long-Term Value]]>In this episode, Damon Callaghan, Partner at ECP, sits down with Justin Warton to discuss his latest article, exploring how customer loyalty can drive long-term shareholder value. In their conversation, Justin explains why it is simply not enough to have a passionate customer base, and outlines the challenges that exist in balancing the conflict between maximising the short-term monetisation of a customer and maximising their lifetime value.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Thu, 18 May 2023 23:51:44 GMT00:08:57fullfalseECP Asset Managementb03c7f6f-5577-4cb1-96f7-6936f127e814<![CDATA[What Makes a Good Corporate Culture?]]>In this episode, Andrew Dale, Partner at ECP, is joined by Lucas Gamble from Leading Teams, specialists in culture change, leadership and team development programs. Andrew and Lucas discuss what culture means and explore some of the things that investors, management and employees alike should be aware of when assessing company culture.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Mon, 17 Apr 2023 00:33:11 GMT00:10:21fullfalseECP Asset Management25b82d2c-1062-4cb2-af78-129051843f42<![CDATA[Block - Part 1: Square's Lifecycle of Sustainable Competitive Advantage]]>In this conversation, Damon Callaghan, Partner at ECP, describes the four phases of ascent that Block's Square Seller business successfully completed to take it from inception to a $150bn volume payments powerhouse.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Tue, 11 Apr 2023 03:54:01 GMT00:09:20fullfalseECP Asset Management94cbf75a-ab8c-4b54-aafd-a988f17bc38c<![CDATA[Capital Allocation]]>In this conversation, Annabelle Miller, Senior Analyst at ECP, describes why she focuses on capital allocation when assessing the nature and quality of a business.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Tue, 07 Feb 2023 03:57:57 GMT00:03:50fullfalseECP Asset Management76913872-89fa-47fd-a526-5059505320f4<![CDATA[The Importance of a Good Corporate Culture]]>In his latest article, Andrew Dale, Partner and Portfolio Manager at ECP, discusses corporate culture, explaining what it is, what investors should look for when assessing it, and why it’s important.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Fri, 20 Jan 2023 01:03:34 GMT00:09:31fullfalseECP Asset Managementef75df7d-f644-4c8c-a6ea-67a352f469b2<![CDATA[Dealing with the Unknown and Investing Under Uncertainty]]>As we reflect on an eventful year, ECP Asset Management Chairman and CIO Dr Manny Pohl describes an alternative approach to probabilistic risk management and how applying resilience-based principles can help mitigate the dormant risks lurking behind major disruptions.

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Sat, 31 Dec 2022 01:42:59 GMT00:04:48fullfalseECP Asset Management519f18b1-786e-41ff-a6bb-0e123531d1d7<![CDATA[What Is Business Resilience and Why Is It Important?]]>In this conversation ECP Asset Management Chairman and CIO Dr Manny Pohl discusses business resilience and why it's important for investors to understand and consider when analysing companies.  

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This publication is intended for professional, wholesale investors and is not suitable for retail clients. ECP Asset Management Pty Ltd (ECP), ACN 158 827 582 (Corporate Authorised Representative 441986 of AFSL 421704), believe the information contained in this communication is reliable, however, its accuracy, reliability or completeness is not guaranteed. To the extent permitted by law, ECP denies all liability to any person relying on the information in respect of any loss or damage (including consequential loss or damage) however caused, which may be suffered or arising directly or indirectly in respect of such information contained in this communication. Any opinions or forecasts reflect the judgment and assumptions of ECP on the basis of information at the date of publication and may later change without notice. The information is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making an investment decision. Past performance is not a reliable indicator of future performance. This publication is prepared without taking account of any person’s objectives, financial situation or needs and is intended for general information only.

]]>Mon, 12 Dec 2022 06:04:15 GMT00:05:38fullfalseECP Asset Management