Most of what pass­es for invest­ing wis­dom gets repeat­ed because it sounds right, not because any­one checked.

Every Fri­day I take one of those ideas and check it. Diver­si­fi­ca­tion pro­tects you. Volatil­i­ty is risk. Buy what you know. Index funds always win. Gold is a safe haven. Some of them sur­vive. Most don’t.

The check­ing is done with QAV, the rules-based val­ue invest­ing sys­tem Tony Kynas­ton spent decades build­ing. We’ve been run­ning it as a pub­lic ASX port­fo­lio since 2019 and we pub­lish every trade with a time­stamp, so you can check our work­ing too.