Best Stocks To Buy – We asked Australian fund managers to tell us which stocks they think are the best in the business. To make it easier, we’ve narrowed it down to the lucky 7 – 3 international titles and 4 local titles – that managers will be happy with for life.
They say seven is the magic number. You have seven days to start. There are seven deadly sins. It may surprise some to learn that seven is the limit to the number of words or phrases a normal human can process and remember on the fly, as psychologists discovered in the late 1950s. Who can forget their seven little kids (they’re yours, Doc).
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We’ve gathered fund managers from far and wide (Australia) to share the number one stocks they want to hold for a lifetime. These promotions are the best in the business. The bee’s knees, if you will.
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There are several successful ones, including Siemens, Zscaler, and IQVIA. But there are four promotions for those who love local interests.
Pedley calls McQuarrie a “FUFU stock”, meaning the stock will be bought by his team and “will stay forever unless he goes away”.
“We have a FUFU document that Marcus will publish in today’s paper. Then we started building it. And the first stock we chose was Macquarie.
“Macquarie is Australia’s number one shareholder, and I want to keep it for the rest of my life, and even if you know us, we don’t think we’re going to be doing anything in the stock market forever.”
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So why Macquarie? Pedley said he was actually interviewed as a sales position at Macquarie in the 1990s.
“They didn’t give me a job. I failed their test. Being a player is not enough, they said. They were very angry, he said. I believe that employees who reject Macquarie will make Macquarie better. They rejected me. Good call! Pedley says.
He said Macquarie employs more than 16,000 Australian financial minds, all with one goal: to make money. – Who wouldn’t put that money in? Pedley says.
In addition, Macquarie operates within a unique banking system. Only four or six high street banks dominate the country without competition from foreign players.
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“The international banks left the big banks alone and formed a cartel four that subsidized the big banks in Australia, so profitable, they never worked for their money, innovated or got smarter. Use it,” explained Pedley.
“So any smart Australian who wants to work in finance has only one choice. Work for Macquarie. With a clear target compared to other banks.
The lack of domestic and international competition gives Macquarie a “leg up” in almost every deal in Australia, whether it’s an M&A, fundraising or IPO.
“Competition between investment banks is fierce in the US and you have options, but not in Australia,” Pedley said.
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“They’re learning that there are incredible opportunities in the traditional banking industry outside of banking. Their recent foray into the mortgage market, a stronghold of the big banks, has taken market share and hurt their smaller competitors.
“I have a Macquarie loan. They are better to deal with. They have a different experience than my banking experience. This is called customer service. They can do nothing. Only UBS comes close to challenging them. And they’re not Australian. ”
As with all stocks (and investments), Macquarie is not a risk-free ride. Padley explained that, like any other FUFU stock, you can hold Macquarie outright, but it doesn’t.
“Macquarie is a high-test stock, the risk is clear. “When the financial market goes up, it increases, and when the financial market is right, it corrects.”
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Pedley isn’t the only investor to admire the Australian investment bank’s golden boy. Alston’s Bruce Williams also called McQuarrie his permanent choice.
“In our view, it has been amazing to grow from a small commercial bank to the world’s largest investment bank over the last 50 years, retain skilled staff, increase profitability, maintain a strong bank, and still have the ability to adapt and expand into new markets. in front of their peers.
Williams said that while the company’s market-based nature meant it was exposed to volatility in revenue and profits, Macquarie was able to balance that risk with the growth and development of its business style.
“This difference allows them to continue to do well in the financial sector. It’s proof that the years have paid off.”
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The most important factor in Macquarie’s success is its stars. Think Allan Moss, Nicholas Moore and now Shemara Wickramanayake. But it’s also making strides in creating new market opportunities to stay competitive, Williams said.
“A few examples include prioritizing digitization in Australian banks, infrastructure development and investment, and more recently investing in a sustainable future through the development of social and renewable energy,” he added.
“The key is Macquarie’s approach, which helps you find opportunities, build knowledge, be accountable for results and reward all within the risk management system.”
“Combined with Macquarie’s long track record in previously marketed territories, their business model gives them the opportunity to venture into new markets of opportunity,” he said.
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“Given their clear and proven policy-making and risk management systems, we believe they can do so for the foreseeable future.”
Although Clark notes that life investing isn’t a typical time frame for an investor, even for those who tell you to think long-term, he says resilience is key to the decision.
He added: “The main thing I see is that there could be something wrong with the company, and on top of my problems, it could go bankrupt.”
“Many ASX companies, particularly those in what is often referred to as the safe or ‘blue chip’ market, will be making tough decisions over the next decade to ensure the longevity of their businesses.”
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“It’s hard to imagine a fourth in my life because of the unique career structure and scale required,” he says.
“Never say never, but it’s hard to see how this can be prevented with the development of technology, blood plasma and its various components being the building blocks of life and essential components of many medicines.”
According to Clark, CSL is the clear market leader in its industry. With the company’s attitude to “continue to aggressively reinvest and succeed,” Clark believes that will continue for years to come.
“CSL has invested heavily in R&D over the years and has a large portfolio of products at various stages of development,” he said.
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“Some of them won’t make it to market, but the next big drug may be out there, and there will be new opportunities for money.”
When considering a long-term investment in our company, Clark added that a company’s culture is also important to the long-term success of the business.
“I think you have to look at the culture of the company. Businesses that continue to thrive on adaptability, opportunity and change are the businesses you want to support, and CSL is one I’ve always considered to be the best. values,” he says.
Liu chose “Forever” in the Australian market, interested in Cochlear. For those who don’t know, the company makes implants to treat severe hearing loss.
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“There are millions of people in developed countries who could benefit from transplants, and that number is increasing every year as the population grows,” Liu said.
“However, with fewer than 60,000 patients transplanted each year, the market is very aggressive and will support strong growth for Cochlear for at least the next decade.”
Currently, Cochlear’s market share has exceeded 60%, Liu said. This is mainly because it outperforms its competitors in terms of portability and reliability.
“Although technological change is a risk, except for some early work that is far from human trials, we don’t know that better treatments are being developed,” he said.
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“Also, Cochlear is a highly implantable device that could be the next big breakthrough in space.”
As an added bonus, Liu said, Cochlear’s management team is global, has a clear focus on its patients and has grown the business over time.
As a high-quality business with conservative growth characteristics, its shares trade at a significant premium to other ASX companies. However, from a long-term perspective, Cochlear is at the bottom.
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