QAV AU 901 — Broccoli Investing

by | Jan 7, 2026 | Australia, Blog, Investing Podcast, Podcast Episodes

The first QAV episode of 2026 opens with a wide-rang­ing dis­cus­sion that blends val­ue invest­ing dis­ci­pline with geopol­i­tics, mar­ket psy­chol­o­gy, and one very detailed stock tear­down. Cameron and Tony debate the lim­its of guests who can’t tol­er­ate push­back, why val­ue invest­ing is the “broc­coli diet” of finance, and whether opti­mism in glob­al equi­ty mar­kets has reached dan­ger­ous lev­els. From US mil­i­tary actions in Venezuela and their impli­ca­tions for oil mar­kets, to Wall Street’s unan­i­mous bull­ish­ness for 2026, the episode cir­cles back to a core QAV prin­ci­ple: pre­dic­tion is frag­ile, process is durable. The sec­ond half dives deep into Fenix Resources, unpack­ing how ver­ti­cal inte­gra­tion can cre­ate a moat in iron ore, even at the small­er end of the pro­duc­tion scale.

QAV AU 852 — Growth Over PE: The Metric That Ate 2025

by | Dec 31, 2025 | Australia, Blog, Investing Podcast, Podcast Episodes

The final QAV episode of 2025 is a wide-rang­ing year-end wrap that blends port­fo­lio per­for­mance, mar­ket struc­ture, and deep­er sys­tem think­ing. Cameron and Tony review an excep­tion­al six-month run for QAV port­fo­lios, with mul­ti­ple stocks deliv­er­ing triple-dig­it returns, before drilling into what actu­al­ly drove those results. Tony presents a data-heavy “Pulled Pork” analy­sis that iso­lates growth over PE as a poten­tial explana­to­ry fac­tor behind this year’s out­per­for­mance, rais­ing the pos­si­bil­i­ty of a future refine­ment to the QAV scor­ing sys­tem. The con­ver­sa­tion then moves through glob­al mar­ket per­for­mance, lead­er­ship changes at Wood­side, takeover dra­ma at HUM, crowd psy­chol­o­gy, hous­ing con­straints, and the eco­nom­ics of mod­ern media, clos­ing with books, TV, and reflec­tions on how fast time now seems to move.

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