QAV AU 840 — Buffett’s Last Big Deal (And Why It Probably Isn’t)

by Cameron Reilly | Oct 8, 2025 | Australia, Blog, Investing Podcast, Podcast Episodes

In this episode, Cameron and Tony open with a cel­e­bra­to­ry mood as both the QAV dum­my and Light port­fo­lios out­per­form the ASX by wide mar­gins, with the Light port­fo­lio up over 32% year-to-date. They reflect on faith in the sys­tem — buy­ing under­val­ued, well-run com­pa­nies and let­ting “physics do the work.” The con­ver­sa­tion moves through val­ue-invest­ing phi­los­o­phy, a recap of recent mar­ket and RBA news, War­ren Buffett’s lat­est Berk­shire Hath­away move, and stand­out per­form­ers like EDU Hold­ings. They pre­view next week’s guest, activist investor Gabriel Radzymin­s­ki, before div­ing into Tony’s Pulled Pork on Har­mo­ny Corp (HMY), an online lender show­ing strong growth and prof­itabil­i­ty. After the invest­ing talk, the con­ver­sa­tion detours into film, music, and phi­los­o­phy — with Cameron prais­ing Tarkovsky’s Stalk­er and Asimov’s I, Robot, and the pair mus­ing on AI, fas­cism, and the dan­gers of short-term think­ing in cap­i­tal­ism and democ­ra­cy. The episode clos­es with their trade­mark mix of mar­ket insight and cul­ture chat — from Peter Lynch’s anti-AI stance to Lyle Lovett and Sparks’ new EP.