What Happens When Intelligence Gets Cheap? — QAV Weekly Update 2026-10-09

Hi QAVVERS,

I don’t have much to report this week, so let’s just get into it.

AUSTRALIAN MARKET UPDATE

The All Ordi­nar­ies rose 0.33% over the five trad­ing ses­sions to Thurs­day 8 Octo­ber, clos­ing at 8,823.2:

• The All Ords fell 71.4 points, or 0.80%, on Thurs­day, giv­ing back the gains made ear­li­er in the cal­en­dar week.
• The S&P/ASX 200 also fell on Thurs­day, los­ing 66.8 points, or 0.77%, to close at 8,660.9.

 

Source: Yahoo Finance, cap­tured 1:34 pm Bris­bane time on 9 Octo­ber 2026 (delayed data). This 5D chart includes today’s par­tial ses­sion; the com­men­tary above cov­ers five com­plet­ed ses­sions through 8 Octo­ber.

US MARKET UPDATE

The S&P 500 rose 1.29% over the five trad­ing ses­sions to Thurs­day 8 Octo­ber, clos­ing at 7,765.36:

• The index fell 0.47% on Thurs­day after reach­ing an intra­day high of 7,844.52 on Tues­day 6 Octo­ber.

 

So, let’s get into my week­ly updates and see where we are at.

All the Best,
Cam

 

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QAV MYTH KILLERS

What Happens When Intelligence Gets Cheap?

There was some big news in the world of math­e­mat­ics this week, when Ope­nAI announced one of their inter­nal mod­els had just pub­lished 722 maths papers. Now that may mean noth­ing to you and I but to math­e­mati­cians it seems to have been a big deal. The Econ­o­mist wrote “Tues­day, Octo­ber 6th of 2026, may go down as one of the most con­se­quen­tial days in the his­to­ry of math­e­mat­ics.” There’s prob­a­bly been quite a few con­se­quen­tial math­e­mat­ics days in the last 2500 years, so to make it “one of the most con­se­quen­tial”, real­ly says some­thing.

Read the full arti­cle →

STOCK ANALYSIS OF THE WEEK

Aus­tralian Mem­bers can check out the stocks we trad­ed in QAV Aus­tralian Light port­fo­lios this week.

Amer­i­can Mem­bers can check out the stocks we trad­ed in QAV Amer­i­can Light port­fo­lios this week.

Tony did a pulled pork on KMD Hold­ings, the group behind Kath­man­du, Rip Curl, and Oboz, weigh­ing up whether the bat­tered retail­er is a turn­around or a trap in a tough macro envi­ron­ment. Catch the full analy­sis in the pod­cast link below.

This week on the Amer­i­can pod­cast I did a pulled pork on Atlanti­cus (ATLC), an Atlanta-based sub­prime cred­it com­pa­ny serv­ing the 63 mil­lion Amer­i­cans who can’t access loans through nor­mal chan­nels. Check the pod­cast link below.

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BUY LIST

Each week, we pro­duce a buy list based on our val­ue invest­ing sys­tem that we share with our QAV Club mem­bers. The intend­ed pri­ma­ry pur­pose of this buy list is for club mem­bers to use as a ref­er­ence for com­par­ing their own buy list. In the­o­ry, all of our buy lists should look pret­ty sim­i­lar each week.

AUSTRALIAN BUY LIST

QAV Val­ue Invest­ing Buy List (AU) 2026-10-03

U.S. BUY LIST

QAV Val­ue Invest­ing Buy List 2026-10-04

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PORTFOLIO PERFORMANCE

We com­pare our per­for­mance to what we think is the most rel­e­vant bench­mark (SPDR 200 in Aus­tralia, S&P500 in the USA), but if you’re new to invest­ing, these com­par­isons might not mean much. Instead, you can com­pare our per­for­mance to the top-per­form­ing Super Funds in Aus­tralia and see why an ama­teur active investor (who has a sys­tem to fol­low) can out-per­form most of the “pro­fes­sion­als”.

We pub­lish a fresh per­for­mance snap­shot once a month. Week­ly noise does­n’t tell you much in a val­ue-invest­ing sys­tem — what mat­ters is the trend.

Octo­ber 2026 per­for­mance snap­shot.

Aus­tralian Mod­el Port­fo­lio: No trades this week.

Amer­i­can Mod­el Port­fo­lio: No trades this week.

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Become a QAV Light Member today and start your investing on the right track

If you want to find out what we’re trad­ing in QAV Light each week, sign up to become a mem­ber. You’ll get an email from me every Mon­day let­ting you know what we’re buy­ing and sell­ing in that port­fo­lio. You can choose to copy our trades or not. It’s the eas­i­est way to start your rules-based invest­ing career… and you don’t even need to know the rules. I’ll fol­low the rules for you. It’s a good first step to even­tu­al­ly becom­ing a QAV Club mem­ber and learn­ing how to run the sys­tem by your­self.

QAV LIGHT: You don’t need to build it to tell the time.

(Note: Amer­i­cans inter­est­ed in join­ing QAV Light or Club please go here instead.)

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Add QAV America — US stocks, the same QAV method

Already a QAV mem­ber? You can add QAV Amer­i­ca as your sec­ond mem­ber­ship at 50% off — US-list­ed stocks, the same QAV approach, billed in AUD through this site (just one pay­ment to keep an eye on). Add QAV Amer­i­ca →

Not a QAV mem­ber yet? Join QAV first, then you can add QAV Amer­i­ca at the 50% mem­ber rate.

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THIS WEEK’S EPISODES

Bad News Is Often Good News: QAV AU #950

Rent-a-Bank: QAV Amer­i­ca #73

STOCK NEWS AND UPDATES

COMMODITIES

This week the big changes to com­modi­ties were the fol­low­ing:

Com­mod­i­ty	Sta­tus
Iron Ore	SELL
Alu­mini­um	JOSEPHINE
Zinc	JOSEPHINE
Mag­ne­sium	SELL

DISCLOSURE

Please review our trad­ing and dis­clo­sure pol­i­cy.

SIGNING OFF

SSDD!

• Cam

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That’s it for the week!

QAV A GOOD SHAREMARKET!

Got a ques­tion? [email protected]