Livewire Live – content round-up
On 9 September 2025, some of Australia’s most experienced professional investors assembled to debate critical …
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Livewire Live – content round-up
On 9 September 2025, some of Australia’s most experienced professional investors assembled to debate critical topics in markets today at Livewire Live, a premium all-day event. Attendees got an exclusive opportunity to learn how select Australian and global fund managers are navigating markets and gained deep insights into their investment strategies.
There was an exceptional lineup of speakers and the feedback from the guests we took has been first class. Our own MD and Chief Investment Officer, Simon Mawhinney, was part of the Australian equities panel discussion, which was certainly (in our unbiased opinion…) one of the most interesting sessions of the day. Our lucky prize winners attended nearly all the investor sessions, as well as meeting Simon in-person and quizzing him on our latest contrarian investment ideas.
In typical Livewire style, there has been plenty of content released after the event, including a full video of the Australian equities panel discussion, interviews, and articles that delve deeper into Simon’s comments and our contrarian investment philosophy.
You can see a selection of the best material below, but before you dive in, we want to draw your attention to a subsequent interview with Simon and Livewire, regarding shareholder rights (and the lack thereof in Australia) and what Allan Gray is doing about it. As one commenter on the article said, “When Simon talks, I listen. I like what he and his team are doing.”
We couldn’t agree more.
Livewire Live links below:
Full Livewire video and a link to the article that accompanied it
Aussie large-cap valuations? “They’re nuts”
A deeper dive into a comment Simon made on large caps and how expensive they’ve got. Simon compares the largest Australian stocks to Nvidia and discusses how the maths does hold and sooner or later fundamentals must come home to roost. Here’s an excerpt from the video below:
High conviction: What we’re backing for the long term
This piece was more forward looking, with Simon discussing his views for the long-term prospects for two shares the Allan Gray Funds hold, although there are no guarantees of course.
If you have any questions on the above please reach out to our Client Services team who will be happy to help.
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Equity Trustees Limited ABN 46 004 031 298, AFSL No. 240975 is the responsible entity and issuer of units in the Allan Gray Australia Equity Fund ARSN 117 746 666, Allan Gray Australia Balanced Fund ARSN 615 145 974, and Allan Gray Australia Stable Fund ARSN 149 681 774 (Allan Gray Funds). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Allan Gray Australia Pty Limited ABN 48 112 316 168, AFSL No. 298487 is the investment manager of the Allan Gray Funds. Neither Allan Gray Australia Pty Limited, Equity Trustees Limited nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.
Past performance is not a reliable indicator of future performance. There are risks involved with investing and the value of your investments may fall as well as rise. This represents Allan Gray Australia Pty Limited’s views at a point in time and may provide reasoning or rationale on why we bought or sold a particular security for the Allan Gray Funds or our clients. We may take the opposite view/position from that stated, as our view may change. This insight is not an offer or recommendation, constitutes general advice or information only and not personal financial product, tax, legal, or investment advice. It does not take into account the specific investment objectives, financial situation or individual needs of any particular person and may not be appropriate for you. We have tried to ensure that the information here is accurate in all material respects, but cannot guarantee that it is.
You should consider the relevant Product Disclosure Statement (PDS) before acquiring, holding or disposing of units in an Allan Gray Fund. The PDSs, Target Market Determinations (TMDs) and Minimum Disclosure Documents for South African investors (MDDs) can be obtained from our Forms & Documents page. Each TMD sets out who an investment in the relevant Allan Gray or Orbis Funds might be appropriate for and the circumstances that trigger a review of the TMD.
Managed investment schemes are generally medium to long-term investments. They are traded at prevailing prices and the value of units may go down as well as up. There are risks with investing the Fund and there is no guarantee of repayment of capital or return on your investment. Subject to relevant disclosure documents, managed investments can engage in borrowing and securities lending. A schedule of fees and charges is available in the PDS.
