An analysts view
Fun for the Melbourne Cup. Each year, Macquarie and RBS Morgans release their analysts from their bear pits.
Eager to please their masters sweetened with a few hours of sunshine if they get it right, the analysts work relentlessly through the year.
The beancounters at PWC have also joined in the fun for the last 3 years, producing their own tip sheet but have yet to pick a winner (arguably reflecting that theres more to horse racing than just numbers).
Perhaps reflecting the success and distraction in the sharemarkets, last year yielded very little for both Macquarie and Morgans. Some would say the recent downturn in the market has many of them looking for another job and may see horse racing as a way out, leading to a better analysis this year). Others may say that they have lost their mojo. Only this year’s results will tell who can pick a winner for this year’s Melbourne Cup?
Remember, an analysts view of the Melbourne Cup means that its not about who’s going to win, but who will provide the best bang for your buck!
Macquarie maintain the better record and as a good friend once said to me, “when you shake hands with Macquarie, always count your fingers”. We think they’re likely to produce a better result
If you like detail, the Macquarie analysis provides lots of information and background, Morgans provides a simple analysis using tipsters tips and odds, whilst PWC have provided a typical consulting approach resulting in a mass of pretty charts.
This year our money is on Protectionist, with a flick of the lucky coin on Fawkner.
Good luck to you all and remember that past performance is no indicator of future performance, outside influences such as jetlag (as I’m writing this whilst on annual leave in Hawaii) may have an impact on the results.
Wealth Focus Pty Ltd
What do we get paid?
Wealth Focus will receive no fees for a view on the cup, any winners owe us a large drink.