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Articles by Chris Watson
Search educational content to inspire your investment journey
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In a Class of its Own: The Investment Case for Aristocrat Leisure
The launch of Megabucks by International Game Technologies (IGT) in 1986 changed the slot machine business forever. It was the first time a large number of individual machines were connected into a network that spanned an entire state. With thousands of players feeding the same network, the jackpot pool could reach life-changing sums and create lottery-sized hype.
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Collins Foods: Why Value is on the Menu
While Collins Foods (“Collins”) may not be a household name, step inside a KFC restaurant somewhere in Australia and you have a one-in-three chance of being in a Collins-run establishment. The company opened its first Australian KFC location in 1969. After four decades of expansions, diversifications, restructurings, and a stint under private equity ownership, Collins listed on the ASX in mid-2011. Since listing, its Australian KFC business has grown substantially.
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Finding Opportunities Beyond the AI Euphoria: The Case for Diageo
Readers may have noticed a shift in the Contrarius Global Equity Fund’s Top 10 holdings compared to a few months ago. We have previously noted that we are finding attractive value in selected companies that we believe to be AI-Winners and those that we believe to be AI-Proof, while attempting to avoid those we believe to be AI-Threatened.
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The Misunderstood Miner
Open a financial news app and you’ll be greeted with headlines of quarterly earnings misses, monthly economic data prints, and excitement about a 10-week trading update, with share prices swinging around in response.
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Contrarian Investing in the Age of Real-World AI
we are in the midst of profound disruption. This is likely to be beyond a typical generational disruption that happens every 20-30 years. This technological singularity is expected to cause dramatic and irreversible changes to human civilization, far beyond typical generational disruptions such as electrification, the internet, or even current generative AI.