Shawn Burns is Solve the Riddle

REVIEW OF BENCHMARK PERFORMANCE and the 2027 Benchmark The benchmark for 2026 was a 395-stock equally weighted portfolio. The benchmark is split 61% Australian and 39% International. Importantly, since the benchmark is equally weighted, it biases against the size and maybe the success factors compared to traditional indices. To make up for this lowering in quality, the benchmark is curated to focus on profitable companies. Another customisation is to spread the benchmark so as not to be too reliant on the resources sector, which dominates the Australian index compared to the international indices. The addition of the international stocks is quality and growth-biased to counter the lower quality Australian segment. As a long-term quality investor, I am satisfied with the composition of the index as an appropriate benchmark to compare myself against. Finally, as I have covered many times before, it is equally weighted because I don’t think benchmarks should make stock calls, and includin...

this preso covers 1. the structural changes to the market and what long term valuation based investors should do about it 2. valution based investing is a longer term endeavour, that is correlation between value and share prices usually take a long time, short term no signal 3. what makes a great stock and an average stock 4. then a section on what can go wrong with buying a great business. including it destroys its ROE, inflation, AI risk 5. case studies on COH and CSL 6. Choosing a fund manager 7. differences between Retail invseting as opposed to instituional investing 8. attempting to differentiate skill from risk and luck 9. lastly my largest holdings -no recommendations made i have no idea whther this works i have never uploaded a powerpoint before!!