Long-term compounding with Robert Millner

www.livewiremarkets.com/wires...
Robert Millner is one of Australia’s most successful business leaders and investors. WHSP has a unique portfolio of assets that have delivered a compound annual return of 15.2% for 40 years. The impressive track record has resulted in the firm being referred to as Australia’s mini Berkshire Hathaway. So how is Millner positioning the investment house to capitalise on the current cycle?
Timecodes:
0:00 - Intro
0:40 - The Millner family's beginnings and long-term dividend track record
1:43 - On being awarded an Order of Australia
3:08 - Where are we in the cycle?
5:15 - On reducing exposure to listed assets (only 20% of the portfolio today)
6:37 - The Soul Patts and Milton merger
7:53 - The future of thermal coal in Australia (and New Hope ASX: NHC)
10:52 - Investing in renewables
13:09 - The outlook for Brickworks (ASX: BKW)
15:33 - Brickworks' US expansion
16:33 - The outlook for TUAS (ASX: TUA)
17:57 - Private equity and debt opportunities
19:41 - WHSP has invested $400-500 million in agriculture
20:51 - The Australian corporate landscape becoming more difficult
22:31 - Areas of investment in the future
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