QAV Investing Podcast

PUMP AND DUMP: THE DISPENSER STOCK NOBODY'S HEARD OF - QAV AMERICA 52 Free

Wed, 13 May 2026 12:34:00 -0000

On this episode we run through the dummy portfolio — which is crushing the S&P at 125% time-weighted return — and dig into this week's Pulled Pork: TriMas (TRS), a Michigan-based maker of hand pumps, dispensers, and packaging components that's been quietly selling off divisions and sitting on a billion dollars in cash. The numbers look great on paper until Cameron and Tony notice the operating cash flow figures in Stockopedia are wildly inflated by the aerospace divestiture proceeds — the classic data quality trap. They also cover market news, Michael Burry's doom outlook, the Nacho trade, and wind down with Red Dragon, paintball, and the Rolling Stones.

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PUMP AND DUMP: THE DISPENSER STOCK NOBODY'S HEARD OF - QAV AMERICA 52 Club

Wed, 13 May 2026 12:32:00 -0000

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QAV AU 919 — THE NACHO TRADE

Tue, 12 May 2026 22:25:00 -0000

On this episode we dig into the "Nacho trade" (Not a Chance of Hormuz Opening), the RBA rate cut, and what tonight's federal budget might mean for CGT and negative gearing. CSL hits a 10-year low after a $7 billion write-down and the Pentagon ditches mandatory flu vaccines, while Tony pulls the pork on Smart Parking — an Aussie-based tech company making most of its money issuing parking breach notices in the UK. We also cover the HUM takeover panel drama, two competing bids for OOO Media, and the Volt Minerals/Regis Resources gold merger.

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QAV AU 919 — THE NACHO TRADE (Free Preview)

Tue, 12 May 2026 22:25:00 -0000

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THE HAUSBANK THAT CAME IN FROM THE COLD - QAV AMERICA 51 Free

Thu, 07 May 2026 13:01:00 -0000

This week we run through a stack of Pulled Pork results that are absolutely cooking — Pitney Bowes up 40%, Eastman Kodak up 81%, and the US dummy portfolio now sitting at 110% since inception versus the S&P's 62%. Then Cam does a deep dive on Deutsche Bank — 156 years old, scandal-ridden, and somehow posting their best year ever. Plus Spirit Airlines collapses, the Iran War drags into its ninth week, and Ford beats estimates by three times but still slides.

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THE HAUSBANK THAT CAME IN FROM THE COLD - QAV AMERICA 51 Club

Thu, 07 May 2026 12:59:00 -0000

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QAV AU 918 — Five Juicy Years: Gold, Oil, and the Art of Saying No (Free Preview)

Wed, 06 May 2026 00:26:00 -0000

On this episode, Cam and Tony work through a busy news week — the ASX's longest losing streak since 2018, oil prices going nuts, the UAE ditching OPEC, and Greg Abel's first real run at the Berkshire AGM without Warren holding the mic. Tony does a Pulled Pork on Kaiser Reef (KAU), a small Aussie gold miner that went from explorer to profitable producer after snapping up the Henty Gold Mine in Tasmania — worth a look but it's a Josephine right now. After hours: Wuthering Heights gets a surprise thumbs up from Tony, Cam can't stop raving about the 1967 Lee Marvin noir Point Blank, and Nick Cave's first novel gets a second read.

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QAV AU 918 — Five Juicy Years: Gold, Oil, and the Art of Saying No

Wed, 06 May 2026 00:23:00 -0000

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The $3.6 Billion Illusion: When Operating Cash Flow Is Just Dirt - QAV AMERICA 50 Free

Thu, 30 Apr 2026 02:59:00 -0000

On this episode we hit episode 50 and celebrate with a portfolio update showing we're nearly double the S&P 500 all-time, before diving deep into Millrose Properties (MRP) — a brand new REIT spun out of home builder Lennar that had the AIs screaming "stay away." We dig into the weird world of land banking, shadow banking, private credit, and why a company can show $3.6 billion in operating cash flow while only pulling in $600 million in revenue — and whether that should ever pass the QAV sniff test. Spoiler: it doesn't.

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The $3.6 Billion Illusion: When Operating Cash Flow Is Just Dirt - QAV AMERICA 50 Club

Thu, 30 Apr 2026 02:56:00 -0000

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Crash and Bash - QAV AU 917 (free preview)

Wed, 29 Apr 2026 04:50:00 -0000

On this episode we check in on the dummy portfolio (running at double the market over the last year), chat about the Trump assassination attempt security shambles, and in the Club episode, Tony does a full Pulled Pork on AMA Group — Australia's largest listed smash repairer, a turnaround story that's clawing its way back to profitability after a brutal post-COVID debt hangover. We also cover the Joe Longo ASIC farewell, the SDI acquisition update, MMI's share consolidation, and Greg Abel's first Berkshire Hathaway letter.

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Crash and Bash - QAV AU 917

Wed, 29 Apr 2026 04:49:00 -0000

On this episode we check in on the dummy portfolio (running at double the market over the last year), chat about the Trump assassination attempt security shambles, and Tony does a full Pulled Pork on AMA Group — Australia's largest listed smash repairer, a turnaround story that's clawing its way back to profitability after a brutal post-COVID debt hangover. We also cover the Joe Longo ASIC farewell, the SDI acquisition update, MMI's share consolidation, and Greg Abel's first Berkshire Hathaway letter.

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Subprime Time: Lending to America's Underbanked at 36% APR - QAV AMERICA 49 Free

Thu, 23 Apr 2026 03:36:00 -0000

On this episode we run through our latest portfolio numbers — the QAV dummy portfolio is up 115% since inception versus the S&P's 60%, and some individual picks like Kodak and Scripps are going absolutely bananas. We dig into the week's big news including the Iran war's economic ripple effects, the tariff refund mess, and the Cal-Maine antitrust saga. Then Cameron does a full Pulled Pork on Oportun Financial (OPRT) — a subprime FinTech lender to underserved Latino communities that's dirt cheap, freshly activist-investor-cleaned, and either a turnaround gem or a cautionary tale.

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Subprime Time: Lending to America's Underbanked at 36% APR - QAV AMERICA 49 Club

Thu, 23 Apr 2026 03:10:00 -0000

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QAV AU 916 — The Happy Zone

Wed, 22 Apr 2026 01:53:00 -0000

This week we kick things off with Tony venting about Apple dongles before diving into the Iran war's knock-on effects for oil markets, the Australian economy, and why the banks are quietly raising their bad debt buffers while the stock market ignores all of it. Plus Tony does a full Pulled Pork on Cuscal (CCL), the payments infrastructure company that's been flying under the radar because of a dodgy GICS code, and we chat Duratec's massive defence contract win, the Hamish Douglass tell-all, and News Corp's dodgy share count data.

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QAV AU 916 — The Happy Zone (Free Preview)

Wed, 22 Apr 2026 01:52:00 -0000

This week we kick things off with the Iran war's knock-on effects for oil markets, the Australian economy, and why the banks are quietly raising their bad debt buffers while the stock market ignores all of it. Plus Tony does a full Pulled Pork on Cuscal (CCL), the payments infrastructure company that's been flying under the radar because of a dodgy GICS code, and we chat Duratec's massive defence contract win, the Hamish Douglass tell-all, and News Corp's dodgy share count data.

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Not Tom Selic (PAGS) – QAV America #48 Free

Thu, 16 Apr 2026 02:52:00 -0000

On this episode we dig into Trump's claim that America doesn't need the Strait of Hormuz — and why it's complete nonsense once you look at where US refineries actually get their oil. We also run through the QAV America portfolio, which is up 113% since inception and 30% year-to-date, before Cameron does a deep dive on PagSeguro Digital (PAGS) — a Brazilian FinTech that's basically PayPal meets Square meets a full digital bank, navigating 14.75% interest rates and 34 million customers in the favelas of Brazil.

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Not Tom Selic (PAGS) – QAV America #48 Club

Thu, 16 Apr 2026 02:51:00 -0000

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QAV AU 915 — Lumpy Payback (Free Preview)

Wed, 15 Apr 2026 03:59:00 -0000

This week we dig into the chaos of Trump's Strait of Hormuz oil blockade, and why the ASX is shrugging off the end of the world. Tony does a Pulled Pork on Perth property developer Peet (PPC) — a 130-year-old land syndicator with a Goldman Sachs-driven strategic review swirling around it — and we get a Stock Doctor data alert affecting 100+ dividend-paying stocks that every QAV investor needs to know about. After hours: Rory McIlroy at Augusta, John Candy, Otis Redding, and mangrove seeds.

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QAV AU 915 — Lumpy Payback

Wed, 15 Apr 2026 03:58:00 -0000

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QAV AM 47 Free — Truck Sausage (CVGI)

Thu, 09 Apr 2026 02:16:00 -0000

On this episode we do a deep dive on Commercial Vehicle Group (CVGI) — a boring-as-batsh*t truck cab outfitter that somehow jumped 20% the day after Cameron added it to the QAV Light portfolio. We also run through some big portfolio wins (Kodak up 47%, Zep up 326%, CEMEX up 100%), and Tony shares his takes on horse racing, Jeff Beck, and Moby's new ambient record.

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QAV AM 47 Club — Truck Sausage (CVGI)

Thu, 09 Apr 2026 02:15:00 -0000

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QAV AU 914 — Dead Cat or Dead Cert? Navigating the March Sell-Off (Free Preview)

Tue, 07 Apr 2026 22:46:00 -0000

tags: - podcast/qav-australia created: 2025-10-06T10:27 updated: 2026-01-19T10:16 zk: jd: "12.2" status: to-be-published url: started: 2026-04-04 date-published: date-recorded: 2026-04-07 dash: "[[DASH - qavpodcast.com.au]]" podcast_title: "Dead Cat or Dead Cert? Navigating the March Sell-Off" --- --- *Generated by Claude — 2026-04-07 21:32* ## Episode Overview This week we wade through a wild market — everything fell off a cliff in March, and Cameron and Tony spend a good chunk of the episode trying to figure out which stocks have genuinely reestablished sentiment versus which are just dead cat bounces. Tony does a full Pulled Pork on Tower Limited (TWR), a 150-year-old New Zealand insurer that's quietly done a hell of a lot of work to get its house in order. After hours: horse racing, Jeff Beck, Joni Mitchell, a Quebec duo who speak in made-up space language, and Cameron built his own AI-powered ebook reader app. --- ### Episode Timestamps * **[00:00:00]** Intro — Trump, Iran

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QAV AU 914 — Dead Cat or Dead Cert? Navigating the March Sell-Off

Tue, 07 Apr 2026 22:44:00 -0000

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Profiting from Chaos: The Postage Meter, the Oil Trade, and America's $41 Trillion Hole - QAV AMERICA 46 Free

Wed, 01 Apr 2026 13:33:00 -0000

Episode 46 of QAV America opens on Tony Kynaston's birthday — complete with a QAV cap gift — before Cameron and Tony dig into a week of market chaos, with their main US portfolio down 12% over 30 days but still up an extraordinary 83% since inception in September 2023 versus the S&P's 42%. The guys tackle the big macro picture, riffing on a Fortune article declaring US government insolvency (liabilities nearly 8x assets), the mysterious $500 million oil futures trade placed 15 minutes before Trump's Iran announcement, and the aluminum supply chain crisis triggered by Iranian strikes on Middle East smelters. The episode's centrepiece is Cameron's Pulled Pork deep dive on Pitney Bowes (PBI) — the century-old postage meter pioneer turned digital shipping play — covering its disastrous Global eCommerce venture, the activist takeover by deep value investor Kurt Wolf of Hestia Capital, and why the stock's QAV score of 0.16 and solid cash generation make it a compelling cigar-butt turnaround play. After Hours wraps things up with Tony's ChatGPT horse-racing automation breakthrough, Cameron's AI-powered one-click podcast publishing workflow, and enthusiastic recommendations for Apple TV's *Your Friends & Neighbors*, Seth Rogen's *Future Man*, and Flea's new jazz album featuring Nick Cave.

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Profiting from Chaos: The Postage Meter, the Oil Trade, and America's $41 Trillion Hole - QAV AMERICA 46 Club

Wed, 01 Apr 2026 13:31:00 -0000

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QAV AU 913 — Drilling for Dollars: BRK, the Strait of Hormuz, and America's $41 Trillion Hole (Free Preview)

Wed, 01 Apr 2026 00:24:00 -0000

created: 2025-10-06T10:27 updated: 2026-01-19T10:16 zk: jd: "12.2" tags: - podcast/qav-australia status: to-be-published url: started: 2026-03-27 date-published: date-recorded: 2026-03-31 dash: "[[DASH - qavpodcast.com.au]]" podcast_title: "Drilling for Dollars: BRK, the Strait of Hormuz, and America's $41 Trillion Hole" megaphone_club_url: "https://traffic.megaphone.fm/WCATR3756308121.mp3" megaphone_free_url: "https://traffic.megaphone.fm/WCATR3990823519.mp3" --- --- *Generated by Claude — 2026-04-01 10:20* ## Episode Overview Episode 913 kicks off with a birthday shoutout to Tony (turning 63 on April 4th) before diving deep into a grim economic landscape: Australian consumer confidence hitting a 53-year low, the US Treasury's own balance sheet revealing effective insolvency (liabilities nearly eight times assets), and the Iran war closing the Strait of Hormuz and sending aluminum prices surging 6% — with Tony flagging Capral and South32 as potential beneficiaries. A listener que

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QAV AU 913 — Drilling for Dollars: BRK, the Strait of Hormuz, and America's $41 Trillion Hole

Wed, 01 Apr 2026 00:22:00 -0000

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QAV AU 913 — Insolvent in Oklahoma: Shale Oil, Iran's Aluminum Strike, and the US Balance Sheet Nobody Wants to Read (Free Preview)

Wed, 01 Apr 2026 00:14:00 -0000

created: 2025-10-06T10:27 updated: 2026-01-19T10:16 zk: jd: "12.2" tags: - podcast/qav-australia status: to-be-published url: started: 2026-03-27 date-published: date-recorded: 2026-03-31 dash: "[[DASH - qavpodcast.com.au]]" podcast_title: "Insolvent in Oklahoma: Shale Oil, Iran's Aluminum Strike, and the US Balance Sheet Nobody Wants to Read" megaphone_club_url: "https://traffic.megaphone.fm/WCATR9463397298.mp3" megaphone_free_url: "https://traffic.megaphone.fm/WCATR2367259437.mp3" --- --- *Generated by Claude — 2026-04-01 10:10* ## Episode Overview Episode 913 of QAV Australia, recorded 31 March 2026, opens with birthday wishes for Tony (turning 63 on April 4th) before diving deep into a grim macro landscape: Australian consumer confidence hitting a 53-year low, a Fortune article declaring the US government technically insolvent with liabilities nearly eight times its assets, and breaking news about Iranian strikes on Gulf aluminum smelters sending aluminum prices to near four-y

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QAV AU 913 — Insolvent in Oklahoma: Shale Oil, Iran's Aluminum Strike, and the US Balance Sheet Nobody Wants to Read

Wed, 01 Apr 2026 00:12:00 -0000

created: 2025-10-06T10:27 updated: 2026-01-19T10:16 zk: jd: "12.2" tags: - podcast/qav-australia status: to-be-published url: started: 2026-03-27 date-published: date-recorded: 2026-03-31 dash: "[[DASH - qavpodcast.com.au]]" podcast_title: "Insolvent in Oklahoma: Shale Oil, Iran's Aluminum Strike, and the US Balance Sheet Nobody Wants to Read" megaphone_club_url: "https://traffic.megaphone.fm/WCATR9463397298.mp3" megaphone_free_url: "https://traffic.megaphone.fm/WCATR2367259437.mp3" --- --- *Generated by Claude — 2026-04-01 10:10* ## Episode Overview Episode 913 of QAV Australia, recorded 31 March 2026, opens with birthday wishes for Tony (turning 63 on April 4th) before diving deep into a grim macro landscape: Australian consumer confidence hitting a 53-year low, a Fortune article declaring the US government technically insolvent with liabilities nearly eight times its assets, and breaking news about Iranian strikes on Gulf aluminum smelters sending aluminum prices to near four-y

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QAV AU 913 — Drilling for Dollars While Rome Burns (Free Preview)

Wed, 01 Apr 2026 00:08:00 -0000

created: 2025-10-06T10:27 updated: 2026-01-19T10:16 zk: jd: "12.2" tags: - podcast/qav-australia status: to-be-published url: started: 2026-03-27 date-published: date-recorded: 2026-03-31 dash: "[[DASH - qavpodcast.com.au]]" podcast_title: "Drilling for Dollars While Rome Burns" --- --- *Generated by Claude — 2026-04-01 10:04* ## Episode Overview Episode 913 opens with birthday wishes for Tony (turning 63 on April 4th) before diving into some sobering macro news: Australian consumer confidence has hit a 53-year low — worse than COVID — and a Fortune article by Johns Hopkins economist Steve Hanke revealing that the US Treasury's own accounts show the country is technically insolvent, with liabilities nearly eight times the value of reported assets. The geopolitical chaos continues with a deep dive into the suspicious $500 million oil futures trade placed 15 minutes before Trump's post about delaying the Iran attack, plus the news that Iranian strikes on two major Middle East alumin

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QAV AU 913 — Drilling for Dollars While Rome Burns

Wed, 01 Apr 2026 00:06:00 -0000

created: 2025-10-06T10:27 updated: 2026-01-19T10:16 zk: jd: "12.2" tags: - podcast/qav-australia status: to-be-published url: started: 2026-03-27 date-published: date-recorded: 2026-03-31 dash: "[[DASH - qavpodcast.com.au]]" podcast_title: "Drilling for Dollars While Rome Burns" --- --- *Generated by Claude — 2026-04-01 10:04* ## Episode Overview Episode 913 opens with birthday wishes for Tony (turning 63 on April 4th) before diving into some sobering macro news: Australian consumer confidence has hit a 53-year low — worse than COVID — and a Fortune article by Johns Hopkins economist Steve Hanke revealing that the US Treasury's own accounts show the country is technically insolvent, with liabilities nearly eight times the value of reported assets. The geopolitical chaos continues with a deep dive into the suspicious $500 million oil futures trade placed 15 minutes before Trump's post about delaying the Iran attack, plus the news that Iranian strikes on two major Middle East alumin

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You Press the Button, We Do the Rest: The Kodak Comeback Nobody Saw Coming - QAV AMERICA 45 Free

Wed, 25 Mar 2026 05:31:00 -0000

In Episode 45 of QAV America, recorded on March 24, 2026, Cameron Reilly and Tony Kynaston open with a geopolitical check-in on the ongoing US-Iran conflict and its impact on oil prices and market volatility, before diving into portfolio performance updates showing the QAV dummy portfolio up 92% all-time versus the S&P 500's 48% since September 2023. The star segment is Cameron's deep-dive "Pulled Pork" on Eastman Kodak (KODK) — a fascinating turnaround story covering the company's reinvention from film giant to chemical manufacturer, pharmaceutical ingredient producer, and unlikely streetwear licensor in South Korea, complete with a Trump-era insider trading scandal and a billion-dollar pension reversion windfall. The guys also briefly flag Geo Park (GPRK) as up 9% since last week's deep dive, and discuss how oil stocks like Cord Energy, Eco Petrol, and Murphy Oil have been propping up the Light Portfolio during the market downturn. After hours, Tony recommends juggler-comedian Michael Rainer ("The Broken Juggler") and the James Carville/Mary Matalin book *All's Fair*, while Cameron evangelises for Jackie Chan's *Police Story*, David Lynch's obscure 1993 HBO miniseries *Hotel Room*, the 1944 film *Gaslight*, and the upcoming Martin McDonagh film *Wild Horse Nine*.

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You Press the Button, We Do the Rest: The Kodak Comeback Nobody Saw Coming - QAV AMERICA 45 Club

Wed, 25 Mar 2026 05:29:00 -0000

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QAV AU 912 - Chicken Little (Free Preview)

Tue, 24 Mar 2026 23:51:00 -0000

In episode 912 of QAV Australia (recorded 24 March 2026), Cameron and Tony open with geopolitical commentary on the Iran-US-Israel conflict and its impact on oil prices, before reassuring panicked listeners that market chaos is cyclical and the QAV rules — including the three-point trend line and Rule One sell signals — are designed exactly for moments like these. Tony delivers a deep-dive Pulled Pork on Karoon Energy (KAR), the upstream oil producer. Other stocks touched on include Viva Energy, Santos, Central Petroleum, Pepper Money (CGF's revised lowball takeover offer), Harmony (HMY hitting a Rule One sell), and the messy Humm/Credit Corp takeover situation involving the Takeovers Panel. After hours, Tony recommends juggling comedian Michael Rayner ("The Broken Juggler") and the political memoir *All's Fair*, while Cameron raves about Jackie Chan's *Police Story*, David Lynch's obscure 1993 HBO miniseries *Hotel Room*, and the 1944 film *Gaslight*.

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QAV AU 912 Club - Chicken Little

Tue, 24 Mar 2026 23:50:00 -0000

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The Crude and the Ruthless (GPRK) - QAV AMERICA 44 Free

Thu, 19 Mar 2026 02:54:00 -0000

In Episode 44 of QAV America, Cameron and Tony open with a geopolitical tour of the Strait of Hormuz crisis — still very much closed — unpacking what a prolonged shutdown could mean for global oil supply, economies, and living standards, including Australia's precarious one-month oil reserve. From there, Cameron pivots to his deep dive on Geo Park Limited (GPRK), a Latin American oil and gas explorer and producer with operations in Colombia, Argentina, and Brazil — and one of the most fascinating boardroom sagas in recent oil-patch history. Cameron walks through the company's founding by two American oil veterans, James Park and Gerald O'Shaughnessy (who turns out to be a cousin of value investing legend James O'Shaughnessy of What Works on Wall Street), their bitter governance war in 2021, the failed Parex Resources takeover bid, and the dramatic "white knight" entry of Colombian billionaire Jaime Gilinski, who injected $107 million for a 20% stake just days before the episode. Tony and Cameron then analyse the QAV checklist numbers, discuss why the light portfolio is outperforming the S&P even in a down market, and review the current US portfolio performance. After hours covers Nassim Taleb's book The Bed of Procrustes, Mel Brooks' documentary The 99-Year-Old Man (featuring David Lynch's last filmed interview), and Cameron's soggy-but-memorable school camping trip with his son Fox.

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The Crude and the Ruthless (GPRK) - QAV AMERICA 44 Club

Thu, 19 Mar 2026 02:53:00 -0000

In Episode 44 of QAV America, Cameron and Tony open with a geopolitical tour of the Strait of Hormuz crisis — still very much closed — unpacking what a prolonged shutdown could mean for global oil supply, economies, and living standards, including Australia's precarious one-month oil reserve. From there, Cameron pivots to his deep dive on Geo Park Limited (GPRK), a Latin American oil and gas explorer and producer with operations in Colombia, Argentina, and Brazil — and one of the most fascinating boardroom sagas in recent oil-patch history. Cameron walks through the company's founding by two American oil veterans, James Park and Gerald O'Shaughnessy (who turns out to be a cousin of value investing legend James O'Shaughnessy of What Works on Wall Street), their bitter governance war in 2021, the failed Parex Resources takeover bid, and the dramatic "white knight" entry of Colombian billionaire Jaime Gilinski, who injected $107 million for a 20% stake just days before the episode. Tony and Cameron then analyse the QAV checklist numbers, discuss why the light portfolio is outperforming the S&P even in a down market, and review the current US portfolio performance. After hours covers Nassim Taleb's book The Bed of Procrustes, Mel Brooks' documentary The 99-Year-Old Man (featuring David Lynch's last filmed interview), and Cameron's soggy-but-memorable school camping trip with his son Fox.

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Entangled Interests - QAV AU 911 Free Episode

Wed, 18 Mar 2026 03:02:00 -0000

In this episode of QAV, Cameron Reilly and Tony Kyneston navigate a world of "prolonged conflict" and "supply disruptions," examining the ripple effects of Middle East tensions on global oil, fertilizer, and food security. They dive deep into Australia's precarious fuel security, noting the country holds significantly less than the internationally mandated 90-day buffer. In the Club episode, the investment discussion focuses on the "Pulled Pork" of the week, BSP Financial Group (BFL), the largest bank in Papua New Guinea and the South Pacific, which Tony argues is unfairly valued as a high-risk "frontier" stock despite its dominant market share and high return on equity. The duo also discusses the RBA's interest rate dilemma, the "Wild West" of Gen Z using unregulated AI for financial advice, and the 2018 MIT experiment proving quantum entanglement.

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Entangled Interests - QAV AU 911 Club

Wed, 18 Mar 2026 03:01:00 -0000

In this episode of QAV, Cameron Reilly and Tony Kyneston navigate a world of "prolonged conflict" and "supply disruptions," examining the ripple effects of Middle East tensions on global oil, fertilizer, and food security. They dive deep into Australia's precarious fuel security, noting the country holds significantly less than the internationally mandated 90-day buffer. The investment discussion focuses on the "Pulled Pork" of the week, BSP Financial Group (BFL), the largest bank in Papua New Guinea and the South Pacific, which Tony argues is unfairly valued as a high-risk "frontier" stock despite its dominant market share and high return on equity. The duo also discusses the RBA's interest rate dilemma, the "Wild West" of Gen Z using unregulated AI for financial advice, and the 2018 MIT experiment proving quantum entanglement.

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Viagra for Value Investors (MUR) - QAV AMERICA 43 Free

Thu, 12 Mar 2026 02:03:00 -0000

In this episode of QAV America, recorded on March 12, 2026, Cameron and Tony navigate a market defined by "Trump Chaos," exploring how a rules-based system provides a psychological anchor during periods of high volatility. The duo discusses the fallout from trade tensions with Spain and the impact of attacks on Qatari LNG infrastructure on global energy prices. The "Pulled Pork" deep dive features **Murphy Oil (MUR)**, a 120-year-old company undergoing a radical transformation from a sprawling integrated petroleum giant into a streamlined, high-margin exploration and production play. Despite a "complexity discount" from the market, the hosts analyze Murphy’s aggressive shareholder return policy—dubbed "Viagra for Value Investors"—and its pivot toward deep-water assets in the "Gulf of Trump" and Vietnam.

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Viagra for Value Investors - QAV AMERICA 43 Club

Thu, 12 Mar 2026 01:52:00 -0000

In this episode of QAV America, recorded on March 12, 2026, Cameron and Tony navigate a market defined by "Trump Chaos," exploring how a rules-based system provides a psychological anchor during periods of high volatility. The duo discusses the fallout from trade tensions with Spain and the impact of attacks on Qatari LNG infrastructure on global energy prices. The "Pulled Pork" deep dive features Murphy Oil (MUR), a 120-year-old company undergoing a radical transformation from a sprawling integrated petroleum giant into a streamlined, high-margin exploration and production play. Despite a "complexity discount" from the market, the hosts analyze Murphy’s aggressive shareholder return policy—dubbed "Viagra for Value Investors"—and its pivot toward deep-water assets in the "Gulf of Trump" and Vietnam.

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Agro at TACO - QAV AU 910 Club

Wed, 11 Mar 2026 02:12:00 -0000

In this episode of QAV, recorded on March 10, 2026, Cameron and Tony navigate a week of absolute market chaos triggered by escalating tensions in the Middle East and the resulting volatility in energy prices. The duo pays tribute to the legendary Brisbane entertainer Jamie Dunn (the man behind Agro) before diving into the "ready, fire, aim" nature of the current market, where a single Trump tweet can swing oil prices by 30% in a matter of hours. In the Club episode, Tony provides a comprehensive deep dive into Viva Energy (VEA), examining its shift from Coles Express to the "On the Run" (OTR) branding, the challenges of domestic refining, and the impact of illegal tobacco sales on convenience margins. They also touch on the "death of software" era, Cameron’s success in coding a new commodity checker using AI, and why having a mechanical investing system is the only way to stay sane when the world feels like it's in a "black and white" prize fight.

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Agro at TACO - QAV AU 910 Free

Wed, 11 Mar 2026 02:11:00 -0000

In this episode of QAV, recorded on March 10, 2026, Cameron and Tony navigate a week of absolute market chaos triggered by escalating tensions in the Middle East and the resulting volatility in energy prices. The duo pays tribute to the legendary Brisbane entertainer Jamie Dunn (the man behind Agro) before diving into the "ready, fire, aim" nature of the current market, where a single Trump tweet can swing oil prices by 30% in a matter of hours. In the Club episode, Tony provides a comprehensive deep dive into Viva Energy (VEA), examining its shift from Coles Express to the "On the Run" (OTR) branding, the challenges of domestic refining, and the impact of illegal tobacco sales on convenience margins. They also touch on the "death of software" era, Cameron’s success in coding a new commodity checker using AI, and why having a mechanical investing system is the only way to stay sane when the world feels like it's in a "black and white" prize fight.

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Drilling for Value (NBR) - QAV AMERICA 42

Sun, 08 Mar 2026 04:21:00 -0000

In this episode, recorded on March 3, 2026, Cameron and Tony navigate a "punch-drunk" week for the markets following the escalation of war in the Middle East. They discuss how the QAV system provides a stress-free mechanical roadmap—buy, sell, or hold—regardless of geopolitical chaos. The duo reviews the US portfolio’s impressive 106% gain since late 2023 and examines why shipping stocks like Euroseas (ESEA) and Danaos (DAC) are surprisingly resilient despite maritime blockades. The centerpiece is a "Pulled Pork" deep dive into **Nabors Industries (NBR)**, tracing its lineage from the legendary Guggenheim family’s Chilean nitrate empire to its modern status as a debt-laden, asset-rich "zombie" drilling for the Saudis. Finally, they touch on the "Maga My Man" PolyMarket scandal and the importance of letting a value portfolio "churn" through its duds to find the long-term winners.

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QAV 303 Free

Fri, 06 Mar 2026 04:25:00 -0000

An introduction to the QAV Checklist.

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QAV 305 Free

Fri, 06 Mar 2026 03:26:00 -0000

Part 2 of our introduction to the QAV checklist.

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WWIII Investing - QAV 909 Free

Wed, 04 Mar 2026 03:35:00 -0000

In this episode of QAV Australia, Cameron and Tony navigate the sudden market volatility triggered by the outbreak of conflict between the US, Israel, and Iran. The duo explores the "biggest threat in 50 years" to global oil supplies, specifically the disruption of the Strait of Hormuz and its inevitable impact on energy prices and shipping. Amidst the global tension, they find silver linings in a massive 45% takeover jump for dental manufacturer SDI Limited and a scheme implementation deed for Cue Energy Resources by Horizon Oil. The CLUB episode also features a deep dive into the "material uncertainty" surrounding retail company Cettire, a five-year milestone review from a dedicated member, and a "Pulled Pork" analysis of Central Petroleum (CTP).

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WWIII Investing - QAV 909 Club

Wed, 04 Mar 2026 03:20:00 -0000

In this episode of QAV Australia, Cameron and Tony navigate the sudden market volatility triggered by the outbreak of conflict between the US, Israel, and Iran. The duo explores the "biggest threat in 50 years" to global oil supplies, specifically the disruption of the Strait of Hormuz and its inevitable impact on energy prices and shipping. Amidst the global tension, they find silver linings in a massive 45% takeover jump for dental manufacturer SDI Limited and a scheme implementation deed for Cue Energy Resources by Horizon Oil. The episode also features a deep dive into the "material uncertainty" surrounding retail company Cettire, a five-year milestone review from a dedicated member, and a "Pulled Pork" analysis of Central Petroleum (CTP).

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Breaking Bread - QAV AMERICA 41

Sun, 01 Mar 2026 22:22:00 -0000

In this episode of QAV America, Cameron and Tony navigate the "completely bonkers" landscape of 2026, where a Supreme Court reversal on Trump’s previous tariffs and the looming shadow of AI bubbles have left investors guessing. The duo breaks down the hidden "gotchas" of American Depository Receipts (ADRs), specifically examining the tax hurdles and custody fees associated with South Korean plays like Shinhan Financial Group (SHG) and Korea Electric Power (KEP). The centerpiece of the episode is a "Pulled Pork" deep dive into Bread Financial (BFH)—a high-yielding, unloved credit card "stub" that has spent years amputating its legacy loyalty businesses to emerge as a pure-play lender. Despite the "Trump Slump" threat of capped interest rates and a "stinky" past involving a bankrupt spin-off, BFH boasts a massive QAV quality score and looks dirt cheap on a price-to-cash-flow basis.

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Blowing the Doors Off - QAV AU 908 FREE

Wed, 25 Feb 2026 03:07:00 -0000

In this episode of QAV Australia, Cameron and Tony dive into the February reporting season. They provide an update on the QAV portfolios, take a dive into Parenti (PRN) and its recent price drop. The Club episode also contains a comprehensive "Pulled Pork" analysis of Challenger (CGF) amidst potential Japanese takeover interest and regulatory changes. Between technical chats about wheat commodity sell lines and the "monstrous" growth of passive investing, the hosts find time for Michael Caine impressions, and a look at the latest global geopolitical and AI-driven absurdities.

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BLOWING THE DOORS OFF - QAV AU 908 CLUB

Wed, 25 Feb 2026 03:06:00 -0000

In this episode of QAV Australia, Cameron and Tony dive into the February reporting season. They provide an update on the QAV portfolios, take a dive into Parenti (PRN) and its recent price drop, as well as a comprehensive "Pulled Pork" analysis of Challenger (CGF) amidst potential Japanese takeover interest and regulatory changes. Between technical chats about wheat commodity sell lines and the "monstrous" growth of passive investing, the hosts find time for Michael Caine impressions, and a look at the latest global geopolitical and AI-driven absurdities.

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SHG: The Seoul of Value

Fri, 20 Feb 2026 04:37:00 -0000

In this episode of QAV America, Cameron and Tony navigate a volatile week in the US markets, lead by Ford’s staggering $8.2 billion loss for 2025 and their strategic retreat from full electrification. The duo reviews the impressive performance of their "deep dive" portfolio, noting that many previously analyzed stocks have seen triple-digit or high double-digit gains. The centerpiece of the episode is a "Pulled Pork" deep dive into **Shinhan Financial Group ($SHG)**, a South Korean banking giant. Despite a litany of scandals involving cartel-like collusion, fraud, and political instability in Korea, the hosts weigh the risks against the "Value Up" government catalyst that may finally unlock the company’s depressed valuation.

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Mass vs Gas - QAV AU 907 FREE

Wed, 18 Feb 2026 22:51:00 -0000

In this episode, recorded on February 17, 2026, Tony and Cameron reflect on the legacy of actor Robert Duvall before diving into a deep critique of "gas giant" stocks and the lack of visible depreciation on the income statements of US tech titans. The pair discuss the current "josephine" state of the market, where high-quality stocks are coming off their highs, leading to a barren buy list and several trendline sells including Rice Growers (SGLLV), Plenty Group (PLT), and Myer (MYR). The episode features a detailed analysis of the Aeris Resources (AIS) acquisition of Peel Mining, a deep dive into ANZ’s recent performance boost under its "ANZ 2030" strategy, and, in the Club episode, a "Pulled Pork" segment on the Global Value Fund (GVF), where Tony explores the influence of investing legends Chris Cuffe and Miles Staude.

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Mass vs Gas - QAV AU 907 CLUB

Wed, 18 Feb 2026 11:05:00 -0000

In this episode, recorded on February 17, 2026, Tony and Cameron reflect on the legacy of actor Robert Duvall before diving into a deep critique of "gas giant" stocks and the lack of visible depreciation on the income statements of US tech titans. The pair discuss the current "josephine" state of the market, where high-quality stocks are coming off their highs, leading to a barren buy list and several trendline sells including Rice Growers (SGLLV), Plenty Group (PLT), and Myer (MYR). The episode features a detailed analysis of the Aeris Resources (AIS) acquisition of Peel Mining, a deep dive into ANZ’s recent performance boost under its "ANZ 2030" strategy, and a "Pulled Pork" segment on the Global Value Fund (GVF), where Tony explores the influence of investing legends Chris Cuffe and Miles Staude.

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TUSK - The Cobra’s Bite: Cash, Chaos, and Puerto Rico - QAV AMERICA 39

Fri, 13 Feb 2026 09:52:00 -0000

In this high-stakes episode, Cameron and Tony celebrate a "bonkers" run for the QAV America portfolio, which is currently outperforming the S&P 500 by nearly double. After reviewing news on **Seneca Foods (SENEA)** and the curious 15% share price drop for **Regional Management (RM)** following record earnings, the duo dives into the murky waters of **Mammoth Energy Services (TUSK)**. What begins as a look at an energy services "roll-up" quickly transforms into a true-crime corporate thriller involving a $1.8 billion contract, a FEMA bribery scandal, and a forfeited 40-foot luxury catamaran. They analyze whether TUSK is a "mammoth in the making" or a "wild pig," weighing its current status as a cash-heavy "stub" with zero debt against its history of "dirty stories" and its new pivot into aviation rentals and fiber optics.

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QAV AU 906 Free Version

Wed, 11 Feb 2026 23:15:00 -0000

In this episode of QAV Australia, Cameron and Tony navigate a particularly turbulent period for the ASX, noting a buy list that recently shrank to just three stocks amidst a broader market correction. The duo discusses the fallout for software companies like **Reckon (RKN)** and **Xero (XRO)** as the "AI penny drops," the impact of the RBA’s unexpected rate hike, and the dramatic 24% jump for **Pepper Money (PPM)** following a takeover bid from Challenger. The club episode features a deep dive into **Atlas Pearls (ATP)**, examining the unique (and labor-intensive) world of Indonesian pearl farming, before wrapping up with a "gritty" after-hours segment covering everything from *Game of Thrones* prequels to Baz Luhrmann’s new Elvis documentary.

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It's What You Do With It - QAV AU 906 CLUB

Wed, 11 Feb 2026 23:11:00 -0000

In this episode of QAV Australia, Cameron and Tony navigate a particularly turbulent period for the ASX, noting a buy list that recently shrank to just three stocks amidst a broader market correction. The duo discusses the fallout for software companies like **Reckon (RKN)** and **Xero (XRO)** as the "AI penny drops," the impact of the RBA’s unexpected rate hike, and the dramatic 24% jump for **Pepper Money (PPM)** following a takeover bid from Challenger. The episode features a deep dive into **Atlas Pearls (ATP)**, examining the unique (and labor-intensive) world of Indonesian pearl farming, before wrapping up with a "gritty" after-hours segment covering everything from *Game of Thrones* prequels to Baz Luhrmann’s new Elvis documentary.

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Pump and Dump - QAV AMERICA 38

Fri, 06 Feb 2026 11:43:00 -0000

In this episode, Cameron and Tony navigate a turbulent week in the American markets, touching on the downturn of Bitcoin, gold, and the "Magnificent Seven" tech stocks. Despite the macro-volatility, they celebrate the continued outperformance of their US dummy portfolio, which has nearly doubled its value since September 2023. The conversation shifts to a critical look at "stores of value" like Bitcoin and gold, with Tony arguing that without an inherent way to calculate intrinsic value, these assets remain speculative "pump and dump" cycles. The centerpiece of the show is a deep dive into the Colombian oil giant, **Ecopetrol (EC)**. The duo explores its unique monopoly on Colombian pipelines and its strategic pivot into high-voltage electricity transmission, all while navigating the "magical realism" of Colombian politics, executive scandals involving "cost-plus" prostitution, and a president who hates the very oil industry his government owns.

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Watering the Flowers - QAV AUSTRALIA 905 Free

Wed, 04 Feb 2026 03:39:00 -0000

In this episode, Cameron and Tony navigate a complex week of market shifts, political manoeuvres, and a "Sell America" sentiment that continues to gain traction. The duo celebrates the massive success of **Duratec (DUR)**, which has tripled in value, and cover announcements from a range of buy list stocks. In the Club episode, Tony provides a deep-dive "Pulled Pork" analysis of **CTI Logistics (CLX)**, highlighting its strong WA-based assets and unique property management strategy. The conversation also touches on the "disintermediation" of banks via Coinbase, the drama surrounding **HUMM Group’s** takeover panel objections, and a look at the potential economic impact of AI on wages.

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Watering the Flowers - QAV AUSTRALIA 905 Club

Wed, 04 Feb 2026 03:31:00 -0000

In this episode, Cameron and Tony navigate a complex week of market shifts, political manoeuvres, and a "Sell America" sentiment that continues to gain traction. The duo celebrates the massive success of **Duratec (DUR)**, which has tripled in value, and cover announcements from a range of buy list stocks. Tony provides a deep-dive "Pulled Pork" analysis of **CTI Logistics (CLX)**, highlighting its strong WA-based assets and unique property management strategy. The conversation also touches on the "disintermediation" of banks via Coinbase, the drama surrounding **HUMM Group’s** takeover panel objections, and a look at the potential economic impact of AI on wages.

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The Williston Whale - QAV America #37

Fri, 30 Jan 2026 04:02:00 -0000

In this episode of QAV America, Cameron and Tony navigate the extremes of global weather and market volatility. After discussing the impact of recent geopolitical "deals" on their US portfolios, they dive into a success story from the Bakken formation: **Chord Energy (CHRD)**. The conversation explores the "Shale 2.0" era, detailing how modern horizontal drilling and leaner capital structures have transformed former bankruptcy stories into cash-generating powerhouses. Tony provides a technical breakdown of Chord's recent $11 billion acquisition of Enerplus and their shareholder-friendly policy of returning free cash flow through buybacks and dividends.

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Humm-ing a Different Tune - QAV AU 904 Free

Wed, 28 Jan 2026 01:04:00 -0000

In this episode of QAV Australia, Cameron and Tony brave the Australian heat to discuss a mix of music history and high-stakes value investing. The duo pays tribute to the late Midnight Oil drummer Rob Hirst, reflecting on his iconic sound and the band's cultural impact. Turning to the markets, they analyze the record-breaking success of hedge fund manager Chris Hohn, whose old-school value approach netted $28 billion in a single year. The Club episode features a deep dive into the complex takeover saga surrounding Humm Group (HUM), weighing the company's strong commercial leasing profits against its controversial buy-now-pay-later (BNPL) pivot and ongoing governance battles involving founder Andrew Abercrombie and Credit Corp. Finally, they wrap up with portfolio updates showing significant outperformance in both Australian and US dummy portfolios.

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Humm-ing a Different Tune - QAV AU 904 CLUB

Wed, 28 Jan 2026 01:02:00 -0000

In this episode of QAV Australia, Cameron and Tony brave the Australian heat to discuss a mix of music history and high-stakes value investing. The duo pays tribute to the late Midnight Oil drummer Rob Hirst, reflecting on his iconic sound and the band's cultural impact. Turning to the markets, they analyze the record-breaking success of hedge fund manager Chris Hohn, whose old-school value approach netted $28 billion in a single year. The episode features a deep dive into the complex takeover saga surrounding Humm Group (HUM), weighing the company's strong commercial leasing profits against its controversial buy-now-pay-later (BNPL) pivot and ongoing governance battles involving founder Andrew Abercrombie and Credit Corp. Finally, they wrap up with portfolio updates showing significant outperformance in both Australian and US dummy portfolios.

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AMTD: The Murky SpiderNet - QAV AMERICA 36

Fri, 23 Jan 2026 03:20:00 -0000

In this episode of QAV America, Cameron and Tony navigate the complex intersections of the 2026 US economy, where the AI boom is currently offsetting the drag of ongoing tariffs. The duo explores the shifting AI landscape, notably Apple’s decision to build the next Siri on Google Gemini rather than homegrown technology, leaving significant questions about the future of OpenAI. The heart of the show is a "Pulled Pork" deep dive into **AMTD Idea Group (AMTD)**, a company with a fascinating Australian origin story involving the Commonwealth Bank. Despite trading at an unbelievable discount to book value (P/B 0.04), AMTD remains a polarizing prospect due to its controversial leadership under Calvin Choi, a bizarre "Spider Net" ecosystem, and a recent shift from Big Four auditors to a small regional firm in Singapore.

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Nobel Prizes and Negative Sentiment - QAV AU 903 Free

Wed, 21 Jan 2026 01:03:00 -0000

In this episode, Cameron and Tony dive into the complex geopolitical and economic landscape of early 2026, examining China’s record trade surplus and the stalling impact of US tariffs on manufacturing. They explore how the AI boom has acted as a primary driver for US growth, potentially masking the drag created by trade restrictions. Closer to home, the duo discusses Australia’s manufacturing dependencies and the rising influx of Chinese EVs and renewable energy assets. The heart of the episode features deep dives into listener-driven data, comparing the QAV process against "buy and hold" strategies, and the Club edition contains a "Pulled Pork" analysis of **Stanmore Resources (SMR)**. From managing red flags in stocks like **Fleetwood (FWD)** to the nuances of superannuation-approved ASX 300 lists, this episode balances high-level macro theory with the practical, rules-based discipline of value investing.

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Nobel Prizes and Negative Sentiment - QAV AU 903 Club

Wed, 21 Jan 2026 00:37:00 -0000

In this episode, Cameron and Tony dive into the complex geopolitical and economic landscape of early 2026, examining China’s record trade surplus and the stalling impact of US tariffs on manufacturing. They explore how the AI boom has acted as a primary driver for US growth, potentially masking the drag created by trade restrictions. Closer to home, the duo discusses Australia’s manufacturing dependencies and the rising influx of Chinese EVs and renewable energy assets. The heart of the episode features deep dives into listener-driven data, comparing the QAV process against "buy and hold" strategies, and a "Pulled Pork" analysis of **Stanmore Resources (SMR)**. From managing red flags in stocks like **Fleetwood (FWD)** to the nuances of superannuation-approved ASX 300 lists, this episode balances high-level macro theory with the practical, rules-based discipline of value investing.

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Flying at Bus Prices: Volaris and the Airline Knife-Edge - QAV AMERICA 35

Thu, 15 Jan 2026 22:40:00 -0000

In this episode, Cameron and Tony range from bushfires in Australia to political pressure on the US Federal Reserve, before digging into portfolio performance and a detailed QAV-style teardown of Mexican ultra-low-cost airline Volaris (VLRS). They unpack why airlines keep showing up on the QAV America buy list, how VLRS built a Ryanair-style model aimed at converting long-haul bus travellers into flyers, and why the Pratt & Whitney GTF engine recall temporarily derailed the business. The discussion balances strong operating cash flow and a seasoned low-cost airline playbook against razor-thin margins, fuel price sensitivity, and the ever-present risks of airline investing.

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QAV AU 902 FREE

Wed, 14 Jan 2026 02:48:00 -0000

In this wide-ranging QAV Australia episode, Cameron and Tony move from bushfires devastating Victorian horse studs into geopolitics, central bank independence, and the increasingly overt political pressure being applied to the US Federal Reserve. From Kevin Rudd’s exit as ambassador and Trump’s campaign against Jerome Powell, the conversation pivots into market consequences, portfolio performance, and a remarkable year for QAV Light portfolios, which have dramatically outperformed the index. The second half dives deep into practical investing questions from listeners, covering portfolio construction, gearing, drawdowns, and franking credits, before closing with a detailed “pulled pork” analysis of Kip McGrath Education. Along the way, they explore competition dynamics in retail, the limits of diversification, and why growth has quietly dominated returns over the past year.

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QAV AU 902 Club

Wed, 14 Jan 2026 02:47:00 -0000

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Picking Through the Wreckage of XPLR Infrastructure - QAV AMERICA 34

Fri, 09 Jan 2026 04:00:00 -0000

In the first QAV America episode of 2026, Cameron and Tony reset the framework for the year ahead. With geopolitical shocks rattling oil markets, bullish Wall Street forecasts predicting another US equity rally, and political noise everywhere, the hosts reiterate the core QAV philosophy: ignore predictions, stick to the rules, and let disciplined process do the work. The episode’s deep dive focuses on XPLR Infrastructure (XIFR), a former income darling left for dead after cutting its dividend. Cameron unpacks the wreckage, tracing XIFR’s origins as a NextEra Energy yieldco, the collapse of its “cheap capital forever” model when interest rates rose, and why the market may now be pricing the stock as if its long-dated contracted cash flows don’t exist. The discussion weighs political risk, debt complexity, asset quality, and valuation extremes, before explaining why XIFR sits at the top of the current US QAV buy list and is being added to the live QAV Light portfolio.

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Picking Through the Wreckage of XPLR Infrastructure - QAV AMERICA 34

Fri, 09 Jan 2026 04:00:00 -0000

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Broccoli Investing - QAV AU #901

Wed, 07 Jan 2026 03:01:00 -0000

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.

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Broccoli Investing - QAV Australia #901 (free edition)

Wed, 07 Jan 2026 02:46:00 -0000

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 club edition also 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.

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The Walking Dead Investment: AMC Networks and the Death of Cable

Thu, 01 Jan 2026 06:19:00 -0000

In the final QAV America episode of 2025, Cameron and Tony reflect on a turbulent but revealing year for markets, value investing, and the QAV system. The conversation opens with a recap of US market conditions and the launch of QAV Light US, designed to give American listeners a live, transparent way to learn the QAV process through real weekly trades. Cameron then reviews the long-term performance of the US dummy portfolio, highlighting strong multi-year outperformance despite a difficult 2025 relative to the S&P 500.

The episode’s deep dive focuses on AMC Networks (AMCX)—a former prestige-TV powerhouse now trading at distressed valuations. The discussion traces AMC’s origins in the Dolan family’s cable empire, its golden era producing Mad Men, Breaking Bad, and The Walking Dead, and the brutal impact of cord-cutting on its business model. Cameron and Tony unpack why AMC is bleeding on earnings but still generating real cash, why the market hates it, and why it nonetheless tops the QAV buy list.

The episode closes with a broader discussion of cycles in investing, the importance of selling discipline, Tony’s emerging “Growth over PE” insight from Australian markets, and why patience with a rules-based system matters more than short-term performance.

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

Tue, 30 Dec 2025 23:12:00 -0000

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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From Zero to System: A First-Year QAV Journey

Wed, 24 Dec 2025 06:55:00 -0000

In this Christmas edition of QAV Australia, Cameron is joined by QAV member Scott for a wide-ranging, candid conversation about what it’s really like to start investing from scratch. Scott shares his journey from complete beginner to disciplined system-based investor, explains why QAV appealed to him amid the noise and hype of financial media, and reflects on the emotional shift from constant portfolio-watching to calm, rules-driven decision-making. The episode explores patience, timing versus luck, the psychology of drawdowns, the temptation of “10-bagger” narratives, and why boring, repeatable processes tend to win over time. It’s a grounded, human look at investing as lived experience rather than theory, with insights into portfolio management, profit-taking dilemmas, and why ignoring stories and focusing on numbers is harder — and more valuable — than it sounds.

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Ziff Davis: The Internet’s Invisible Toll Booth - QAV AMERICA #32

Sat, 20 Dec 2025 23:59:00 -0000

In this episode of QAV America, Cameron and Tony open with reflections on the tragic Bondi attack and Australia’s long-standing gun laws before turning to the week’s U.S. stock market action. They discuss recent market jitters, AI-driven volatility in tech stocks, and the ongoing rotation into “value” names. Cameron then delivers a deep dive on Ziff Davis (ZD) — a little-known but highly profitable owner of the internet’s comparison-shopping and review infrastructure. The conversation explores ZD’s long history, its reinvention after the dot-com crash, its heavy reliance on SEO and affiliate monetisation, and the existential question hanging over the business: will AI replace human-driven product reviews? Rather than forecasting the future, the episode frames ZD through the QAV lens — cash flow, valuation, optionality, and downside protection — and examines why a business that looks structurally threatened may still offer attractive value today.

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Copper Fever - free version QAV AU 850

Wed, 17 Dec 2025 03:43:00 -0000

In this episode, Tony does a deep “pulled pork” analysis of Aeris Resources, exploring why copper-gold producers are back on the QAV buy list despite capital-raising risks.

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Copper Fever - QAV AU 850

Wed, 17 Dec 2025 02:45:00 -0000

In this episode, Cameron and Tony survey a market that’s losing some momentum in iron ore while rapidly pivoting toward copper as the next structural commodity story. They unpack Fortescue’s move into Peruvian copper, the implications of slowing Chinese infrastructure investment, and why AI data centres are turbo-charging copper demand globally. The discussion ranges from takeover battles in West African gold, Buffett succession intrigue at Berkshire Hathaway, and a sharp critique of Australia’s compensation schemes for failed investment products. The episode closes with a deep “pulled pork” analysis of Aeris Resources, exploring why copper-gold producers are back on the QAV buy list despite capital-raising risks.

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Vale - The World's Largest Iron Ore Producer - QAV America #31

Thu, 11 Dec 2025 11:03:00 -0000

In this episode, Cam and Tony dig into the strange, noisy twilight zone of the current US market: rate-cut expectations, mega-cap fatigue, and a broadening rally that’s finally throwing some love toward the small and mid-caps that QAV thrives on. They walk through the performance of the US portfolio, poke at the rotation narrative, and then Cam takes everyone deep into the iron-ore jungles of Brazil with a pulled-pork deep dive on Vale — “the FMG of Brazil”, complete with dam failures, lawsuits, ESG fallout, and fat cashflows. Along the way they contrast Brazil vs Australia, FMG vs Vale, talk iron ore cycles, passive-investing distortions, and the macro-agnostic stubbornness that keeps QAV on the rails. It’s part markets, part commodity history lesson, and part true-crime mining documentary.

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Free Edition - QAV AU 849 - Shake the Tree and Let the Nuts Fall Out

Wed, 10 Dec 2025 01:57:00 -0000

This week Tony and I wander through a very QAV-ish mix of market weirdness, portfolio updates, almond conspiracies, and Bond-level misogyny. COG and ERD get the chop, AMA consolidates, several new stocks rotate in, and the dummy and Light portfolios continue to absolutely embarrass the index. Tony reveals his own monster year, we unpack strange board moves at Aeris Resources, applaud EarlyPay’s buyback, and then TK delivers a beautifully nerdy pulled pork on Select Harvest (SHV)— complete with bee-logistics, frost-blowers, and almond geopolitics. We finish with digressions into Alien Earth, baccarat, TikTok nutrition fear-mongering, and Tony’s racehorse winning at 26-to-1. A normal episode, in other words.

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QAV AU 849 - Shake the Tree and Let the Nuts Fall Out

Wed, 10 Dec 2025 01:56:00 -0000

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Leasing the Sky: AER - QAV AMERICA #30

Fri, 05 Dec 2025 06:25:00 -0000

In this episode of QAV America, Cameron and Tony take a tour through the strange split-brain mood of the US markets, where weak economic data is somehow bullish because investors are convinced the Fed will cut rates in December. They break down the odd macro setup, check in on the portfolio, and walk through fresh results from star performer **Willis Lease Finance (WLFC)** and a big buyback from **Enova (ENVA)**. From there, Cameron recaps the performance of the 27 US stocks they've analysed this year, before diving into a full deep-dive on **AerCap (AER)** — the world’s largest aircraft lessor. The conversation covers why airlines lease instead of own, how aircraft leasing actually works, why Ireland is the global nexus for the industry, the wild origin story of Guinness Peat Aviation, and the massive headache AerCap faced when Russia and Ukraine seized more than 150 of its aircraft in 2022. They wrap with QAV scoring, book-value checks, revenue and profit trends, and a broader conversation about how the leasing model fits into cyclical markets, AI, mobility, and long-term capital allocation. Everything from the Fed to kung-fu neural adaptation shows up along the way.

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ASX Meltdown, Bauxite Boom, and the Case of the Vanishing CEO - 848 Free Edition

Tue, 02 Dec 2025 23:35:00 -0000

Tony and Cam roll into the final month of 2025 with a wide-ranging episode that swings from the ASX’s latest technology breakdown to fund-manager outperformance, commodity whiplash, and a fresh pulled-pork on Metro Mining. Along the way they dig into Tower’s results, the ongoing Eroad saga, Fleetwood’s abrupt CEO exit, Finbar’s exposure to escalating WA construction costs, and the sudden return of copper, platinum, zinc, and steel to the buy list. Tony breaks down why boehmite and bauxite are shaping up as the next big strategic commodity story with a pulled pork on MMI (Metro Mining), while Cam wraps with a reflection on longevity, friendship, and a centenarian’s hard-won life lessons.

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ASX Meltdown, Bauxite Boom, and the Case of the Vanishing CEO - 848

Tue, 02 Dec 2025 23:22:00 -0000

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Deep Dive into Korea Electric Power (KEP) - QAV America #29

Sat, 29 Nov 2025 02:27:00 -0000

This week we dive into Korea Electric Power (KEP), a deep-value, government-linked Korean utility that has quietly swung from crisis-level losses to massive operating cash flow. We explore the company’s unusual history stretching back to a royal electrification project in the 1890s, its modern political entanglement with tariff controls, its nuclear-heavy energy mix, and why the market may be mispricing a regulated monopoly with a price-to-operating-cash-flow ratio of 1.5. We also cover the recent sell of VSAT on a 3PTL rule, the psychology of Reddit outrage at PCG, and the broader role utilities play in an AI-powered future where electricity becomes the new picks and shovels.

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Deep Dive into Korea Electric Power (KEP) - QAV America #29

Sat, 29 Nov 2025 02:27:00 -0000

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QAV AU 847 - The Reilly Sentiment Ratio

Wed, 26 Nov 2025 03:41:00 -0000

Tony recounts how he literally smashed his golf driver and then the show ricochets into AI investing, honesty metrics for management, huge portfolio outperformance, and the surprising returns of recent pulled porks. Cameron tests Google’s Gemini for a new way to score “able and honest” management and the boys debate whether Buffet’s philosophy can be quantified. They explore whether sentiment-driven market contraction is actually a bullish signal (the new “Reilly Sentiment Ratio”), check a string of pulled pork mega-performers, and marvel at how stealth businesses like hold-my-beer tool retailer Stealth Group and fashion drop-shipper Cettire have exploded. There’s also a Bitcoin conspiracy: is crypto actually a honey trap built by Western intelligence? Tony digs into takeover mechanics using Cash Converters, and delivers a new pulled pork on Aurizon Holdings (AZJ), with takeover and infrastructure-spinoff implications. It’s value investing, gamma waves of AI hype, and billionaire bunkers… all in one classic QAV episode.

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QAV AMERICA 28 - PCG

Sun, 23 Nov 2025 21:46:00 -0000

This episode dives into Pacific Gas & Electric (NYSE: PCG) and its strange mix of monopoly power, criminal convictions, billions in liabilities, climate exposure, and a CEO who says she’s “leading with love.” Cameron takes us through PG&E’s century-old origins, deadly infrastructure failures like the Camp Fire manslaughter convictions, the bizarre history of repeat explosions and corruption, and the unusual financial structure that keeps the company alive despite $58B in debt. Tony questions whether a guaranteed utility should even be privately owned, compares it to safer options like Berkshire Hathaway’s utilities, and wonders why we’d touch a business known for burning down half a state. Despite the horrors, PG&E lands on the QAV buy list due to cheap cashflow valuation, a protected regulated monopoly, and a massive turnaround driven by mandated wildfire-prevention spending and government-backed debt.

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QAV AU 846 - Fortune Favours the Patient

Wed, 19 Nov 2025 02:49:00 -0000

This episode we dig through a packed week in markets, portfolios, commodities, gold trends, sovereign risk, Michael Burry’s fund closure, Warren Buffett’s farewell letter, QAV Light’s monster performance, the ASX correction, and a full pulled-pork deep dive on SYL (Symal Group). We also cover ANZ’s result, gold’s de-dollarisation tailwinds, Karoon’s changing leadership, MTO’s registration-duty misstep, and three recent rocket-ships on the buy list. The episode ends with film and TV talk: Tarkovsky, Guinness, and Slow Horses.

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S03E01 - Intro To QAV

Mon, 17 Nov 2025 05:06:00 -0000

As it's been a year since we recorded our "introduction to QAV" episodes, a couple of our listeners suggested it would be a good idea to re-record them, now that we're much smoother on the mic. So we present - QAV Reboot. We introduce ourselves and the QAV system of investing in shares.

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MODG (Topgolf Callaway Brands) - QAV America #27

Wed, 12 Nov 2025 03:44:00 -0000

In this episode of QAV America, Cameron and Tony dig into the state of the U.S. market, exploring how AI investment is distorting capital flows, weakening job markets, and reshaping traditional sectors. They discuss how “the Great Freeze” in hiring and the surge in data-centre spending are reshaping the economy. Then Cameron serves up a Pulled Pork deep dive on MODG (Topgolf Callaway Brands)—a company blending golf, entertainment, and retail that’s now splitting itself apart to “unlock value.” Tony reflects on golf’s pandemic-era revival, the engineering of the Big Bertha, and why Callaway’s merger with Topgolf sent its share price into the rough. They unpack tariffs, impairments, and the business logic behind spinning off Topgolf, ending with a lively riff on humanoid robots, golf robots, and even robot jockeys.

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QAV Episode 845 – Michael Goldberg Returns: Gold, AI, and Value Investing in 2025

Tue, 11 Nov 2025 03:58:00 -0000

Michael Goldberg from Collins Street Asset Management returns to the show after three years. We dive deep into how value investing has fared through the turbulence of recent years — from post-COVID struggles to the renewed upswing of 2025. Michael discusses his firm’s 14%+ annual returns, the long-term patience required for undervalued stocks, and the surprising persistence of “cheap” companies that stayed cheap for years. We explore Astron Limited (ATR) and its rare earths project in Victoria, delve into mineral sands, gold funds, and the lifecycle of commodities, and tackle the hot topic of AI’s economic impact, from efficiency gains to workforce disruption. They finish with thoughts on Seven West Media’s merger, the AI-driven hype around the Magnificent Seven in the US, and how value investors can navigate an overheated tech market without losing their cool.

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AI Freeze, Buffett’s Billions, and the Race That Stops QAV - QAV AU 844

Tue, 04 Nov 2025 01:31:00 -0000

In this episode of QAV Australia, Cameron and Tony dive into the latest market turbulence, with inflation data rattling investors and the RBA expected to hold rates steady. They explore Jerome Powell’s comments about a hiring freeze tied to AI—prompting a discussion about automation’s impact on jobs, universities, and long-term market dynamics. Cameron updates listeners on commodities (nearly all in buy territory), portfolio performance (the dummy up 31% YTD and the Light portfolios up 35%), and the sale of Lindsay Australia after a long run-up. Tony provides a deep pulled pork on Connection Mobility (CXZ), analysing its high dependence on a single GM contract and the risks around its renewal. They also talk Berkshire Hathaway’s $584 billion cash hoard, potential breakup risk post-Buffett, KKR’s history, and retail woes at Woolworths, Bunnings, and beyond. The episode wraps with Melbourne Cup tips, Tony’s horse update, and the duo swapping music and book recommendations—from Morphine to Heinlein.

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Flying on Points: American Airlines (AAL) - QAV America 26

Thu, 30 Oct 2025 04:08:00 -0000

In this episode of QAV America, Cameron and Tony dive into a deep analysis of American Airlines (AAL) — exploring its towering debt, its loyalty program goldmine, and its future prospects. They unpack how AAL’s Advantage points system, underpinned by a major new 10-year co-branded card deal with Citi, might serve as both ballast and buoy for a company flying through turbulence. Along the way, they riff on the airline industry’s cyclic nature, the debt-leverage paradox, and the Piotroski F-Score quirks that make AAL intriguing. Climate change, loyalty economics, Pratt & Whitney’s cursed engines, and the Buffett-era lessons on airline KPIs all make an appearance. After the financial deep-dive, the conversation drifts into lighter territory—Scorsese films, Gravity’s Rainbow, and Cameron’s bruising Kung Fu grading.

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Disclaimer of Opinion: The Auditor Has Left the Building (QAV AU 843)

Wed, 29 Oct 2025 01:57:00 -0000

Tony and Cam dissect markets, laugh at political theatre, and surf through a wave of portfolio updates. They cover the CSL slump, the First Guardian super fund mess, gold mania on TikTok, capital raising at Cash Converters, a pulled pork on Euroz Hartleys, and the messy suspension of DGL. Plus: mining booms, crypto scams, kung-fu bruises, and an unexpected love letter to Jerry Lewis.

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Keep CALM and Trade On - QAV America #25

Wed, 22 Oct 2025 23:31:00 -0000

In this episode of *QAV America* (Ep. 25), Cameron and Tony unpack a wild few weeks in the U.S. markets following Donald Trump’s latest tariff threats on China and the subsequent “birthday crash.” They discuss Australia’s surprising role in rare earths, portfolio moves including DAC and GTN, and new additions VSAT and RNR. The main feature is a deep dive into Cal-Maine Foods (ticker: CALM), America’s largest egg producer, exploring its scandal-ridden history, DOJ investigations, and surprising fundamentals. From “egg cartels” to F-scores, the duo balance analysis and absurdity, topping it off with film talk (Scorsese, Lynch) and kung fu bruises.

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QAV AU 842 - Fresh Meat By Candlelight

Wed, 22 Oct 2025 01:50:00 -0000

In this episode of QAV Australia, Cameron and Tony dive into a lively mix of market chaos, corporate drama, and a little Fight Club philosophy. They unpack recent hits and misses across the QAV portfolios — from EROAD’s (ERD) 34% crash and CFO resignations, to SRG Global’s (SRG) impressive surge after acquiring TAMS. There’s plenty of red-flag talk too, including Santos’ (STO) CFO departure, Findi’s (FND) public troubles, and ongoing merger tension with Southern Cross Media (SXL). Tony celebrates a “win” on the government’s super tax backflip, while Cameron pokes holes in the gold rush frenzy currently gripping Martin Place. The episode closes with a classic Pulled Pork deep dive on Dusk Group (DSK) — a surprisingly resilient retailer of candles, diffusers, and home fragrances with an intriguing turnaround story. There’s banter, there’s balance, and there’s even a little Scorsese film talk at the end.

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Activism, Audio & Agency: Gabriel Radzyminski on Fixing Value Traps (QAV AU 841)

Wed, 15 Oct 2025 02:10:00 -0000

In this episode, Cameron and Tony sit down with activist investor Gabriel Radzyminski, founder of Sandon Capital, to dissect the art of activist value investing in Australia. Gabriel explains how he identifies mispriced assets, why value investing isn’t dead, and how activism can unlock value when management misalignment or agency conflicts keep companies from realising their potential. The discussion zeroes in on the brewing storm around Southern Cross Media (ASX:SXL) and its proposed merger with Seven West Media (ASX:SWM) — a deal Gabriel argues is a “nil-premium reverse takeover” that disenfranchises shareholders. The conversation dives deep into governance, board behaviour, passive investing, and the moral hazards of Australia’s listing rules. Expect sharp insights on capital allocation, corporate incentives, and the eternal tension between shareholders and boards.

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The Beauty of Boring: American Axle & the Value of Steady Cash - QAV America #24

Thu, 09 Oct 2025 07:39:00 -0000

Cameron and Tony kick off episode 24 of QAV America by discussing the U.S. government shutdown drama and comparing it to Australia’s last major political standoff under Whitlam in 1975. The conversation then turns to portfolio performance: while the Australian portfolios continue to outperform dramatically, the U.S. one has cooled a little since the Trump administration’s return. They dig into long-term value investing principles and how cycles of underperformance are normal. Cameron presents this week’s Pulled Pork on American Axle & Manufacturing Holdings (AXL) — a classic, boring-but-profitable value stock that makes axles and driveline components for giants like GM, Stellantis, and Ford. They explore its fundamentals, merger news with Dowlais Group, and why its low valuation may make it attractive. The show wraps up with their trademark “after hours” chat: Tony’s social adventures, new music finds (Red Continent, Lyle Lovett, Sparks), Cameron’s film pick (Stalker by Tarkovsky), and their reflections on Asimov’s I, Robot, fascism, capitalism, and the short-termism of modern democracy.

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

Wed, 08 Oct 2025 02:00:00 -0000

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.

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QAV America 23 - For-Profit Healthcare: CYH

Fri, 03 Oct 2025 10:28:00 -0000

In this episode of QAV America, Cameron and Tony review the US portfolio’s performance in 2025, which—despite lagging this year—is still well ahead of the S&P 500 since inception. They reflect on past stock picks, showing a mixed bag of winners and losers, before diving into this week’s “Pulled Pork”: Community Health Systems (NYSE: CYH). The discussion ranges from the messiness of America’s healthcare system to the company’s staggering debt load, CEO transition, scandals, and surprisingly strong cashflow. They weigh the risks (reimbursement uncertainty, capital raises, softening acuity mix) against the opportunities (deep undervaluation, strong operating cash generation, potential turnaround with new leadership). Along the way, they also touch on cultural differences in healthcare, Reddit debates about value investing, and how profit is often a “management decision,” while cashflow is the truer measure of resilience.

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QAV AU 839 - Breaking Nose

Wed, 01 Oct 2025 03:04:00 -0000

In this episode of QAV, Cameron and Tony kick things off with bruises and broken noses before diving into the real drama: mergers, portfolio performance, and the state of value investing in the age of AI. They unpack the announced merger of Southern Cross Media (SXL) and Seven West Media (SWM), run through recent buy list updates, and debate whether Guy Spier is right that AI has killed the edge in value investing. Tony pulls pork on MLG Oz Limited (MLG), while other stock news covers Karoon Energy (KAR), Myer (MYR), and the collapsed Santos (STO) takeover. Cameron reports wins from QAV Light portfolios, shares listener Brendan’s 61% return, and digs into news on Woodside (WDS), Duratec (DUR), Clover (CLV), and Whitehaven Coal (WHC). They also cover broader lessons from investing wisdom columns, RBA speculation, and the quirks of passive investing versus deep value hunting. After hours, it’s golf brawls, Snoop Dogg at the AFL, Sopranos nostalgia, and streaming frustrations.

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QAV AU 838 / QAV AM 22

Wed, 24 Sep 2025 00:00:00 -0000

A brief overview of the QAV Value Investing system developed by Tony Kynaston.

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QAV AU 837 - Buybacks, Breakthroughs & Boardroom Bombshells

Tue, 16 Sep 2025 13:01:00 -0000

In this week’s QAV Australia (Ep. 837), Cameron and Tony run through portfolio results showing strong outperformance against the market, with PRN, GNP, and WGN standing out as heavy hitters. They dive into spreadsheet upgrades and coding breakthroughs, including Cam’s new “Cammalator” automation. Tony shares a deep dive into buybacks, referencing O’Shaughnessy’s shareholder yield analysis and how QAV will integrate buyback scoring. The pair then move through big market stories: Super Retail’s CEO scandal, Cash Converters’ new CFO, ANZ’s $240m fine, Trump’s proposal to cut quarterly reporting, and US gripes about Chinese “structural overproduction.” Cam also highlights positive news for SSM and EHL, while Tony delivers a Pulled Pork on Noble Oak (NOL), exploring its life insurance business, AI adoption, and takeover potential. The after-hours chat covers horse racing, cardiologist visits, French New Wave cinema, AI-generated influencers, and sci-fi reads.

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MEOH: Diving Deep into the Methanol Market

Mon, 15 Sep 2025 09:18:00 -0000

We discuss the latest U.S. economic slowdown, then pivot to a detailed portfolio update (US portfolio vs S&P 500). After a rapid recap of recent stock picks — from ZEPP to ZIM — we dive into a comprehensive analysis of Methanex (MEOH): its global footprint, methanol market dynamics, e-methanol shipping prospects, the Geimar 3 outage governance risk, and key valuation metrics.

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QAV 836 - Making Audits Sexy Again

Wed, 10 Sep 2025 03:08:00 -0000

This week Cameron and Tony cover a wide sweep of market news, governance antics, and stock analysis. Cameron demos his new automated audit and buyback checker, and Tony weighs in on how to score buybacks in the QAV system. They debate Goodhart’s Law, Trump’s struggling economy, tariffs, stagflation, and the fallout from Australia Post halting US parcel shipments. On the stock front, they dive into Cettire’s unexpected share price pop, continuous disclosure issues at James Hardie, NRW’s acquisition, Perseus Gold’s strong results, and IVE Group’s new “star stock” status. Later, they flag red-alert governance signals at Cash Converters, review Karoon Energy’s dividend-driven slide, and finish with a Pulled Pork deep dive on Finbar (FRI), the Perth-based apartment developer that’s now topping the QAV buy list.

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QAV AM 20 - From Fluff Pulp to Fortune: SUZ

Sun, 07 Sep 2025 09:57:00 -0000

In this episode, Cameron and Tony dive into the turbulent world of tariffs, the performance of the QAV US portfolio, and Cameron’s “Pulled Pork” deep dive on Brazilian pulp and paper giant Suzano (SUZ). The discussion ranges from Trump’s tariffs being declared illegal, to the surprising success of companies like ZEPP (the smartwatch maker), Gray Media, and others. Cameron traces Suzano’s roots back to its immigrant founder, explores its dominance in eucalyptus pulp production, highlights both its financial strengths and ESG controversies, and weighs up risks like Brazil’s economic volatility and cyclical pulp prices. It’s a mix of global politics, investing fundamentals, and a surprising education in “fluff pulp.”

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Rule 34 Of ETFs

Wed, 03 Sep 2025 02:49:00 -0000

In this episode, Cameron and Tony dive into what’s being called the most volatile reporting season on record. They explore outsized market reactions, continuous disclosure failures, and whether sell triggers should be handled differently during earnings season. The duo compare the strong performance of their Australian and US dummy portfolios, both up around 12% in 30 days—far ahead of their respective indexes. They also weigh in on Trump’s tariffs being struck down in US courts, the Shanghai Cooperation Organisation summit, and whether America is sliding towards authoritarianism. On the investing front, they cover results for Qantas and Motorcycle Holdings, Tony does a pulled pork on Tyro Payments as a surprising new fintech on the buy list, and answer listener questions about strange trading behaviour, class action lawsuits, and the risks of gold miners in West Africa.

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QAV AM 19 - From Pianos to Profits: The Kimball Electronics Story

Fri, 29 Aug 2025 04:30:00 -0000

In this episode, Cameron and Tony dive deep into the US market’s latest moves following Jerome Powell’s comments at Jackson Hole, the surprising resilience of investor sentiment, and a look at how the QAV US portfolio continues to beat the S&P 500. They track the extraordinary rise of ZEPP (up 1,200% since Cameron’s July deep dive) and review other stocks they’ve covered, from Titan Machinery to Sasol. Cameron then takes us through a fascinating pulled pork on Kimball Electronics (KE), tracing its history from pianos and pipe organs to becoming a global contract electronics manufacturer. Along the way, Tony and Cameron unpack value investing lessons, the quirks of US versus Australian markets, and finish with a colourful chat about The Who, Leonard Cohen, Rip Torn, and China’s unique economic model.

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QAV AU 834 - From Chickens to CSL: A Reporting Season Reality Check

Wed, 27 Aug 2025 00:56:00 -0000

In this week’s episode of **QAV Australia (Ep. 834)**, Tony is back from his week off on the Murray, and he and Cameron dive into a wide-ranging discussion of reporting season results, portfolio performance, and lessons from both winners and losers on the ASX. They cover everything from Super Retail Group’s recent surge to the ongoing woes of Ingham’s, and ask whether CSL is still the “great Aussie stock” it’s made out to be. Cameron revisits the so-called “Pulled Pork curse,” revealing the true track record of Tony’s stock deep-dives. They also debate whether new metrics like gross profitability or company buybacks should be added to the QAV checklist, and troubleshoot the dreaded Excel “out of resources” error. Finally, Tony presents a Pulled Pork on MA Financial (MAF), a fast-growing diversified financial group, before the conversation drifts into music legends, AI research, and whether Keith Moon was the most entertaining drummer of all time.

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QAV AU 833 - Clime: A Masterclass with John Abernethy

Tue, 19 Aug 2025 03:27:00 -0000

In this episode, Tony and Cameron sit down with John Abernethy, veteran investor and founder of Clime Investment Management, for an in-depth conversation about value investing, funds management, and the evolution of Australia’s financial industry. John shares stories from his early days at NRMA in the 1980s, the influence of Warren Buffett’s philosophy, and the creative use of convertible notes to bridge value gaps. He explains how Clime evolved into a $1.6 billion multi-asset manager, why self-funding companies like Nick Scali are rare gems, and the challenges of today’s funds management environment. The discussion also covers the rise of managed investment accounts, the importance of dividends, macroeconomic forces, and Clime’s current offerings on the ASX.

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QAV AM 18 - Tractors and Ten-Baggers

Thu, 14 Aug 2025 06:18:00 -0000

In this episode of QAV America, Cam and Tony dig into the latest market moves, starting with the chaos in gold prices caused by unexpected US tariffs on Swiss gold imports. Cam reports on the strong performance of the QAV US portfolio—up nearly 64% since inception—highlighting big winners like ZEPP (+964% in a month), CX, IHS, and Orix. They cover portfolio changes, including selling OPHC and adding Jackson Financial (JXN), and discuss broader US economic news, including tariff extensions, inflation concerns, and Fed rate expectations. The centrepiece of the episode is Cam’s deep dive (“Pulled Pork”) on Titan Machinery (TITN), one of the largest US agricultural and construction equipment dealers. He breaks down the company’s history, revenue mix, recent financial challenges caused by the US farming downturn, and why it still scores well under the QAV system. After the investing talk, the “After Hours” segment touches on classic films, new TV shows, and even the Rumble in the Jungle.

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QAV AU 832 - The Business of Barnyard Medicine

Wed, 13 Aug 2025 02:40:00 -0000

In this episode, Cameron and Tony dig into a big week of market news and company updates. They kick off with the ASX’s latest blunder—confusing TPG Capital with TPG Telecom—sparking a dive into the stock exchange’s operational woes and competitive threats. The conversation shifts to the broader market’s strong performance and a fiery TikTok rebuttal on negative gearing, leading to a deep dive into housing policy, rental markets, and generational wealth-building. Reporting season highlights include strong moves from Credit Corp, Austal, Vault, Perenti, Eroad, and Korvest, plus an examination of Ingham’s ongoing R&D tax dispute with the ATO. Listener questions cover IDA’s sharp price drop, QBE’s results reaction, and a 60 Minutes segment on Energy Transition Minerals. Tony’s “Pulled Pork” focuses on Apiam Animal Health (AHX), a rural vet business roll-up with M&A potential. The after-hours segment touches on Bowie’s The Man Who Fell to Earth, the Trump biopic The Apprentice, and Ali vs. Foreman’s “Rumble in the Jungle.”

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QAV AM 17 - Gray Gold: Finding Value in America’s Forgotten TV Empire

Thu, 07 Aug 2025 06:33:00 -0000

In Episode 17 of QAV America, Cameron and Tony dive deep into the murky waters of the US media landscape with a pulled pork on Gray Television (GTN) — a classic “cigar butt” Berkshire-style stock that’s generating mountains of cash, trading at absurdly cheap levels, and doubling down on local television and film production while Wall Street yawns. They dissect Gray’s sprawling empire of local stations, film studios, and sports networks, and discuss how its political ad revenue, cash flow, and real estate assets might be wildly mispriced. It’s old media, new math, and some good old-fashioned cynicism.

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QAV AU 831 - A-Musing

Tue, 05 Aug 2025 10:12:00 -0000

In episode 831 of QAV Australia, Cameron and Tony go into detailed discussions on Beach Energy (BPT), Plenti Group (PLT), Motorcycle Holdings (MTO). They explore the state of gold and commodity sell rules, and whether young people are truly worse off than boomers. Tony wraps up with a deep dive Pulled Pork on Vault Minerals (VAU), while Cam gets philosophical about AI and Epicurean physics with a touch of Lucretius. It’s a jam-packed episode full of insights, laughs, and sharp investing commentary.

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NotebookLM - QAV Bible

Mon, 04 Aug 2025 04:53:00 -0000

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QAV America 16 - Seneca Foods - A Classic Value Buy

Wed, 30 Jul 2025 05:20:00 -0000

In this episode of QAV America, Australian value investors Tony and Cam are focusing on Seneca Foods, a classic American company known for its packaged fruits and vegetables. They discuss Seneca's financial performance, history, and why it's a compelling value stock despite being considered a boring business. The hosts also reflect on other stocks they have reviewed recently, showing significant gains, and emphasize the ongoing potential to find undervalued stocks in the US market. The podcast aims to apply value investing principles to identify promising investment opportunities.

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QAV 830 Club - Bhagwan Kynaston

Wed, 30 Jul 2025 00:05:00 -0000

In this episode of QAV Australia, Tony and Cam dive into the unexpected resignation of Macquarie Group's CFO, the performance of Fortescue Metals Group, and delve into the speculations about cost-cutting measures in the ASX 200. In the 'Pulled Pork' section, they highlight a new addition to the buy list, Bhagwan Marine, discussing its operational history, growth potential, and QAV metrics. The after-hours segment features a lively debate on Triple J's Top 100 Australian tracks of all time.

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QAV AM 15 - BHC – Dirty Drugs, Deeper Discount

Thu, 24 Jul 2025 03:54:00 -0000

This week on QAV America, Cameron delivers a doozy of a pulled pork on Bausch Health Companies (BHC), the scandal-riddled pharma beast formerly known as Valeant. From jacking drug prices to a multi-billion dollar loss for Bill Ackman, this company has a backstory filthier than a New Jersey motel carpet. But does all that stink mean it’s a value investor’s dream? We break down the history, the cashflow, the debt, and whether BHC’s rebrand is enough to justify a second look — or if it’s just lipstick on a particularly greasy pig.

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QAV 829 Club - Chat QAV

Wed, 23 Jul 2025 04:48:00 -0000

In this episode of QAV, Cameron and Tony dig into market optimism as the All Ords hits record highs, despite questionable fundamentals. They explore how QAV typically outperforms post-crash, backed by data from the dummy and light portfolios. Cam reviews the new AI tools in Navexa and previews ChatGPT’s autonomous agent features. Tony reflects on investor psychology, especially the prioritization of low volatility over outperformance, and delivers a detailed pulled pork on Beach Energy (BPT). They also weigh in on free cash flow vs. operating cash flow, lament the lack of media transparency, and wrap with cultural musings on The Godfather, Robert Maxwell, and John Wick’s bulletproof belly.

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QAV AM 14 - Sasol: The Value of Dirty Money

Thu, 17 Jul 2025 04:25:00 -0000

In this episode of QAV America, Cameron dives deep into the murky, combustible world of Sasol (NYSE: SSL), a South African company built on the back of coal liquefaction technology born in Nazi Germany and refined under apartheid. It’s the kind of “anti-woke” fossil fuel juggernaut value investors might love—or love to hate. With Tony chiming in, they explore Sasol’s origins, tech, environmental baggage (they’re the world’s largest single emitter of CO₂), explosive safety record, and its appeal as a classic ugly-duckling value stock. They also tackle the ethics of ESG investing, ADR headaches, and Sasol’s brutal-but-effective cash-generating machinery.

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828: Buy List Vacation

Wed, 16 Jul 2025 00:30:00 -0000

In this episode of QAV, Cameron and Tony dissect a week full of market contradictions, surging portfolios, and cautionary tales. They kick off with the Chinese economic “collapse” that somehow boosted markets, then riff on Trump, Epstein, and MAGA meltdown. Tony shares updates on commodities (nearly everything is a buy again) and portfolio performance (the dummy portfolio’s had a gangbuster month). They debate confession season and buying rules before deep-diving into the week’s pulled pork on EDU Holdings — a microcap education stock with a wild backstory and solid numbers. Other topics include the First Guardian super debacle, the RBA’s surprise rate decision, the grift of anti-woke ETFs, ASX’s idea to allow dual-class shares, and Superman’s surprising return to form.

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QAVAM 13 - Smartwatches, Smart Valuation – The Zepp Deep Dive

Fri, 11 Jul 2025 02:55:00 -0000

In this episode of _QAV America_, Cam and Tony dissect the fundamentals of **Zepp Health (ZEPP)**, a Chinese smartwatch manufacturer with aspirations well beyond step counters. They unpack the company’s evolution from low-margin Xiaomi contractor to an ambitious, vertically-integrated brand aiming to take on Apple — at a fraction of the cost. Cam walks through the business model, leadership, geopolitical hedging via a Netherlands HQ, and a potential future in AI-powered wearables. Despite being unprofitable, Zepp boasts positive operating cash flow, aggressive R&D spend, and a book value nearly five times its share price. Tony and Cam debate its merits as a deep value tech stock in a crowded, commodified market — with a few detours into Marx Brothers references and Cameron’s post-Kung Fu abs.

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QAV AU 827 FREE - Plenty of Value in Plenti

Wed, 09 Jul 2025 01:48:00 -0000

In this free preview episode AU 827 of the QAV Investing Podcast, Tony delivers a comprehensive pulled pork on Plenti Group (PLT), a fintech P2P lender with strong metrics and a high QAV score.

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QAV AU 827 Club - Plenty of Value in Plenti

Wed, 09 Jul 2025 01:47:00 -0000

In Episode AU 827 of the QAV Investing Podcast, Cameron and Tony kick off with Trump’s latest tariff threats, predict (incorrectly) the RBA’s interest rate decision, and analyse the ASX’s reaction to overnight Wall Street moves. They discuss the impact of criminal allegations on G8 Education (GEM) staff, the 30% surge in Motorcycle Holdings (MTO), and acquisition news about Silk Logistics (SLH). Tony delivers a comprehensive pulled pork on Plenti Group (PLT), a fintech P2P lender with strong metrics and a high QAV score. The show closes with riffs on Black Sabbath, AC/DC concerts, and French philosophy, including Montaigne and The Little Prince.

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QAV America #12 - Self-Coups and Steel Stocks

Thu, 03 Jul 2025 12:17:00 -0000

Cam and Tony dive deep into the performance of the QAV USA portfolio, which beat the S&P 500 handsomely with a 28.5% return over the last 12 months. The highlight of the episode is a rich and surprisingly wild pulled pork on Korean steel giant POSCO (PKX), including its transformation from a state-owned dinosaur into a cash-gushing, lithium-investing modern behemoth. Cam throws in a history lesson on South Korea’s postwar dictatorship, self-coups, and assassinations, making this one of the more cinematic episodes yet. They also discuss the removal of the Z-score from the checklist, U.S. tariffs, Trump’s fluctuating relationship with Elon Musk, and why lithium is flashing a buy signal.

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QAV AU 827 Free - Soundtrack Legends to Stock Spreadsheets

Wed, 02 Jul 2025 01:32:00 -0000

In this episode of QAV AU, Cameron and Tony kick off the new financial year by diving into end-of-year portfolio roundups. They compare the dummy portfolio’s 19.87% gain against the STW’s 13.61%, dissect U.S. portfolio returns versus the S&P 500, and unpack Tony’s concentrated seven-stock strategy. Listener Trent shares his 21% return confession. They then explore commodity dynamics and deep-dive into GR Engineering Services (GNG) as their Pulled Pork pick.

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QAV AU #827 Club - Soundtrack Legends to Stock Spreadsheets

Wed, 02 Jul 2025 01:27:00 -0000

In this episode of QAV Club, Cameron and Tony kick off the new financial year with tributes to Lalo Schiffrin and Bill Moyers before diving into end-of-year portfolio roundups. They compare the dummy portfolio’s 19.87% gain against the STW’s 13.61%, dissect U.S. portfolio returns versus the S&P 500, and unpack Tony’s concentrated seven-stock strategy. Listener Trent shares his 21% return confession, there's a debate on ditching the Altman Z-score in favour of the Piotroski F-score. They then explore commodity dynamics and deep-dive into GR Engineering Services (GNG) as their Pulled Pork pick, before wrapping up with culture picks—from Nick Cage flops to Nina Simone grooves.

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QAV America #11 - The Tesla of Oil Rigs

Fri, 27 Jun 2025 05:26:00 -0000

In this episode of QAV America, Cameron gives a pulled pork on Precision Drilling Corp. (PDS) — a Canadian oil services company building high-tech, remotely operated, even walking oil rigs. Think Tesla, but for shale fields. They cover the company’s innovative rig tech, impressive cash generation, and resilience through past oil busts, while also addressing its debt risks and why the market might still be gun-shy. Plus: updates on the QAV dummy portfolio (up 33% YoY), a breakdown of top performers like Willis Lease Finance (WLFC) and Foreign Trade Bank of Latin America (BLX), and a Tesla sticker that sums up the state of modern car ownership.

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QAV AU 825 - COG Deep Dive

Wed, 25 Jun 2025 02:57:00 -0000

Tony does a deep dive on COG Financial.

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QAV 825 Club - Bombs, Billboards & Bargain Buys

Wed, 25 Jun 2025 01:43:00 -0000

It’s cold, the markets are weird, and the boys are back. Cameron and Tony kick things off with oil-patch whiplash, Iran–Israel theatre, and Trump’s “Mission Accomplished 2.0” tweet-storms. Portfolio numbers, confession-season land-mines, and sudden 30 % face-plants (looking at you, **AMI**) follow. Tony spotlights surprise winners (**OML**, **SHA**, **SRG**, **GNG**) and takeover bait (**STO**, **THL**), while ASX cops an ASIC probe for dropping the tech ball. Virgin’s second-shot IPO, Karoon’s Brazilian land-grab, and a pulled-pork deep dive on **COG** round out the finance. After hours: jazz-piano Goldblum, Kelly’s Heroes, and Peter Ellyard’s octogenarian optimism.

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QAV U.S. 10 - ORIX & The Japanese Conglomerate Discount: Value or Value Trap?

Thu, 19 Jun 2025 03:44:00 -0000

In this episode of **QAV U.S.**, Cameron and Tony dive deep into Japanese financial conglomerate **ORIX Corp (NYSE: IX / TYO: 8591)**—a sprawling, Berkshire-like beast with operations in leasing, insurance, private equity, energy, real estate, and even a baseball team. They discuss ORIX’s intriguing scandal history in Australia, its global diversification, and the tax nightmares of investing in PFIC-designated ADRs for U.S. citizens. The episode also covers the broader Japanese market dynamics (like stocks trading under book value), crude oil’s re-entry as a buy, and the nuances of applying the QAV system to ADRs with foreign currency reporting. As always, the show blends solid financial analysis with historical trivia, sarcasm, and irreverent humour.

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QAV AU 824 - Charizards, Crypto & Capital Gains With Navarre Trousselot

Tue, 17 Jun 2025 23:52:00 -0000

In this special QAV episode, Cameron and Tony are joined by Navarre Trousselot, founder and CEO of Navexa, Australia’s homegrown portfolio tracking and tax-reporting platform. The episode kicks off with a charming tale of how Navarre’s first entrepreneurial venture was Pokémon card arbitrage as a 10-year-old, laying the groundwork for his investing instincts. The trio then explores the serious end-of-financial-year business: tax-loss harvesting, the nuances of capital gains strategies, and how Navexa’s AI-powered tax tools are evolving. Navarre shares exclusive insights from aggregated Navexa user data—what the top-performing portfolios look like, what they’re holding (spoiler: lots of Bitcoin), and how often they trade. The conversation wraps with some existential musing on crypto, AI, and investor psychology.

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QAV U.S. 009 - Blame It on the Boogie

Wed, 11 Jun 2025 00:06:00 -0000

In this episode of QAV America, Cameron and Tony dissect the surprising fundamentals of Jackson Financial (NYSE: JXN) — a life insurance and annuities company that’s quietly throwing off “truckloads of cash” despite confusing accounting quirks. Cameron explores the company’s backstory (strangely has nothing to do with the Jackson 5), explains its spin-off from Prudential, and struggles to understand how interest rates and reinsurance affect its bottom line. Tony weighs in on debt management, actuarial complexity, and where annuity products fit in the spectrum of retirement options. They also touch on the controversial new U.S. tax on foreign investors (with implications for Aussie super funds), and deliver a performance update on the QAV U.S. portfolio — up a staggering 54% since inception. This episode is nerdy, weird, and funny as hell.

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QAV AU 823 Free - Fleetwood

Tue, 10 Jun 2025 22:59:00 -0000

In this free episode 823 of QAV AU, Tony does a pulled pork on Fleetwood (FWD), highlighting modular housing, mining village profits, and capital risk.

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QAV AU 823 CLUB - Ballerinas, Brickworks, and the Burning Reichstag

Tue, 10 Jun 2025 22:58:00 -0000

In this episode of QAV, Cameron and Tony kick off with a discussion on the political tension in the U.S. and what Trump’s moves with the National Guard might foreshadow, then slide into serious investing updates. There’s news on Perenti (PRN), NRW (NWH), and Findi (FND), with a nod to confusing results and sovereign risks. Judo (JDO), BOQ, and QBE get coverage too, as does the SOL–Brickworks merger and what it means for index fund flows. Cameron ponders the shocking long-term flatline of Telstra (TLS), while Qantas (QAN) and Perseus (PRU) get some love for outperforming. Tony wraps up with a pulled pork on Fleetwood (FWD), highlighting modular housing, mining village profits, and capital risk. There’s also a review of the film _Ballerina_ and some off-topic Doctor Who and Shakespearean riffing.

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QAV U.S. 008 - Huawei to Hell: Investing When the World’s Upside Down

Tue, 03 Jun 2025 23:00:00 -0000

In this week’s QAV episode, we sit down with the ever-dashing Tobias Carlisle, founder of The Acquirer’s Fund (ZIG, DEEP), author of The Acquirer’s Multiple, and deep value maverick, to dissect the state of value investing in the era of AI-driven hype. We cover the brutal cycles of deep value, AI vs. human decision-making in funds, the madness of quantum computing valuations, and how Toby’s trip to China left him unconvinced by the West’s collapse narrative. We also drill into oil, Ford ($F), and the implications of passive investing’s stranglehold on market direction. Plus, Buffett worship, civil war exit strategies, and why Americans don’t get Aussie piss-taking.

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QAV AU 822: Huawei to Hell: Investing When the World’s Upside Down

Tue, 03 Jun 2025 22:58:00 -0000

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QAV America 007 - Tariffs, Towers, and the Telco Gamble in Africa

Thu, 29 May 2025 21:39:00 -0000

In Episode 7 of QAV America, Cameron and Tony unpack the rollercoaster of IHS Holding (NYSE: IHS), a telecom tower operator entrenched in the geopolitical chaos and economic turbulence of Nigeria and beyond. They dive into IHS’s financials, foreign exchange exposure, and growth prospects, all while navigating sovereign risk, coups, and currency collapse. Alongside, the duo discusses Trump’s new tariff threats, how macroeconomic noise distracts from fundamentals, and why ignoring the headlines might be the smartest investing strategy. It’s part deep dive, part reality check, and part investor therapy.

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AU 821 FREE - Deep Dive ANZ

Tue, 27 May 2025 22:53:00 -0000

In episode 821 of the QAV Podcast, Cameron and Tony do a deep-dive pulled pork on ANZ. The ANZ segment touches everything from executive turnover, the bloated One Platform app, substance abuse allegations, and the Suncorp acquisition, to Cameron’s prediction that the whole thing will be scrapped in favour of an AI-driven rebuild.

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AU 821 CLUB - Roombas, Regulators & Rogue Traders

Tue, 27 May 2025 22:52:00 -0000

In episode 821 of the QAV Podcast, Cameron and Tony kick things off with tales of gas outages and cold showers before diving into the markets. They review the portfolio performance, explain the HLS sell-off, and unpack the latest antics of Donald Trump’s tariff diplomacy. Stocks under the spotlight include VVA (Viva Leisure) with their eyebrow-raising stake in Gorilla X Labs, NRW’s legal wrangle over the Whyalla port, and a deep-dive pulled pork on ANZ. The ANZ segment touches everything from executive turnover, the bloated One Platform app, substance abuse allegations, and the Suncorp acquisition, to Cameron’s prediction that the whole thing will be scrapped in favour of an AI-driven rebuild. Sprinkle in some talk about robot security Roombas, the legacy of Damien Broderick, Sparks’ new album, and Japanese punk, and you’ve got another vintage QAV session.

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QAV America #6 - Blood on the Balance Sheet

Wed, 21 May 2025 10:40:00 -0000

In this episode of **QAV America**, Cameron and Tony dive into the volatile world of commodities, classic value investing strategies, and a surprising value opportunity in **Ford Motor Company (F)**. They unpack how iron ore and wheat commodities are back in a buy state, dig into Rich Pzena’s investing philosophy from a **Tobias Carlisle** interview, and debate whether Ford is a deep value play or a trap. With historical nods to **Cisco (CSCO)**, **GE (GE)**, and **U.S. Steel (X)**, the episode blends macro insights, personal investing war stories, and a no-BS breakdown of Ford’s financials and risks.

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QAV AU 820 Club - Wet Lettuce Watchdogs

Tue, 20 May 2025 23:20:00 -0000

In this episode, Cameron and Tony tackle the political earthquake caused by the breakup of Australia’s Federal Coalition, dig into the implications of the RBA’s latest rate cut, and explore how the U.S. credit downgrade might ripple through markets. We hit hot topics from taxing unrealized gains to a lesson in value investing resilience through the lens of a Tobias Carlisle interview with Rich Pzena. We close with a deep pulled pork on Cettire Ltd (CTT), the controversial drop-shipping retailer that’s either misunderstood genius or speculative flameout. Plus: the ASX plays dumb, and Helen Mirren gets name-dropped twice.

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QAV 820 Free

Tue, 20 May 2025 10:36:00 -0000

In this episode, Tony does a deep pulled pork on Cettire Ltd (CTT), the controversial drop-shipping retailer that’s either misunderstood genius or speculative flameout.

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QAV America #5 - Cayman Schemes and Chilean Dreams

Wed, 14 May 2025 11:34:00 -0000

In this episode of QAV America, Cameron and Tony wrestle with market chaos as the US–China trade war hits pause. Cameron shares the challenges he faced creating a US buy list, digging into several interesting (and occasionally suspicious) tickers: a mortgage REIT, a Chinese fintech with a Cayman shell, and an impressively renewable-heavy Chilean utility. They debate governance red flags, explore deep value bets versus gut instinct, and examine why Enel Chile (ENIC) might be quietly powering the future.

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QAV AU 819 Free - The Roll Back

Wed, 14 May 2025 00:42:00 -0000

In this episode of QAV Australia, Cam and Tony navigate a turbulent market buoyed by a temporary rollback in US-China tariffs and a pulled pork segment on outdoor advertising player oOh!media (OML).

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QAV AU 819 Club - The Roll Back

Wed, 14 May 2025 00:25:00 -0000

In this episode of QAV Australia, Cam and Tony navigate a turbulent market buoyed by a temporary rollback in US-China tariffs and a curious rally in Bitcoin. They break down the movements in gold stocks like Perseus (PRU), Ramelius (RMS), and West African Resources (WAF), unpack ANZ’s (ANZ) CEO handover and the impact of its Suncorp acquisition, and look into Super Retail Group’s (SUL) Q3 results. The episode also features deep dives into the governance concerns at Macquarie (MQG), a bizarrely massive dividend from Healius (HLS), a skeptical look at luxury drop shipper Cettire (CTT), and a pulled pork segment on outdoor advertising player oOh!media (OML). Cam also shares a personal health win, and the duo wraps up with some recommendations, banter, and a little Van Halen nostalgia.

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QAV AMERICA #4 - Buffett's Last Dance

Wed, 07 May 2025 23:36:00 -0000

In episode 4 of QAV America, Cameron and Tony dive into Warren Buffett’s retirement announcement, celebrating his monumental impact on value investing. They discuss his legacy, Berkshire Hathaway’s performance under his leadership, and his thoughts on the future of the U.S. and global markets. The episode includes personal reflections on Buffett’s influence, anecdotes from his annual meetings, and commentary on Berkshire’s strategic moves, like the recent reduction of its stake in Apple. Additionally, Tony provides a detailed analysis of the Canadian Imperial Bank of Commerce (CIBC, stock code CM), evaluating its recent performance and potential investment opportunities amidst global trade uncertainties.

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817 Club - Smart Metal and Dumb Markets

Wed, 07 May 2025 01:45:00 -0000

This week we deep-dive into BIS (Bisalloy Steel Group), questioning whether it’s truly a steel commodity play given its rising price amid a falling steel market. Tony delivers a pulled pork on BIS, exploring their niche in quenched and tempered steel, its use in defence industries, and the company’s recent inclusion in the All Ords. We also tackle discrepancies in price-to-operating-cashflow (Pr/OpCaf) numbers between Stockopedia and manual calculations, and reflect on the sale of Stock Doctor. There’s a reader question on operating cashflow calculations and plenty of banter about sobriety, diet, and what we’ve been watching lately—from _Landman_ to _Face/Off_.

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QAV AU 818 Club

Wed, 07 May 2025 01:45:00 -0000

In this episode of QAV Club, recorded on 6 May 2025, Cameron and Tony unpack the Australian federal election result with the kind of sharp political analysis and irreverent banter you expect. They explore the collapse of support for the Liberal Party, the implications for Peter Dutton, and the broader shifts in Australian voter demographics. Then, they pivot to Warren Buffett’s final Berkshire Hathaway AGM, reflecting on his legacy, investing philosophy, and the future of the company post-Buffett. The episode also includes due diligence on NRW Holdings (NWH), QPM Energy (QPM), and a deep dive pulled pork segment on Motorcycle Holdings (MTO). Plus, there’s a listener question on Healius (HLS), and Cameron fields the perennial paradox of being a Marxist value investor. Oh, and there are motorcycles, AI, and some pointed shots at Donald Trump. Classic QAV.

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QAV 818 Free

Wed, 07 May 2025 01:36:00 -0000

In this free episode of QAV Club, recorded on 6 May 2025, Tony does a deep dive pulled pork segment on Motorcycle Holdings (MTO).

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QAV U.S. #3 - Beware Greeks Bearing Ships

Fri, 02 May 2025 03:06:00 -0000

In this episode of QAV US Edition, Cameron and Tony dissect the chaos and opportunities in the US markets. They kick off by comparing the irrational optimism in the markets to political theater, dig into key differences between US and Australian financial regulations, and discuss how these differences impact value investing with their checklist model. Cameron shares the drama of a near-instant buy-and-sell on SK Telecom ($SKM) after a data breach, and delivers a “pulled pork” deep dive on Danaos Corporation ($DAC), a Greek-based container ship owner navigating choppy geopolitical waters and tariffs. The guys debate the impact of Trump’s trade war, share buybacks, and whether free cash flow even matters in value investing.

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817 Free

Wed, 30 Apr 2025 03:22:00 -0000

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816 Free - Gold Diggers

Wed, 23 Apr 2025 01:14:00 -0000

In this post-Easter episode, Cam and Tony chew through the week’s market moves, exploring why the All Ords is up despite a gloomy global outlook, plus a pulled pork on gold miner Tribune Resources (ASX: TBR).

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816 Club - Gold Diggers

Wed, 23 Apr 2025 01:09:00 -0000

In this post-Easter episode, Cam and Tony chew through the week’s market moves, exploring why the All Ords is up despite a gloomy global outlook. They rip into Trump’s latest Fed-firing fantasies, dissect the economics of tariffs, and wonder if AI will treat us like Yellowstone squirrels. There’s a deep dive on Bank of Queensland’s latest results, plus a pulled pork on gold miner Tribune Resources (ASX: TBR). They close with some existential musings on economic stagnation, robot-run suburbs, and whether humans are about to be the squirrels of tomorrow.

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815 Free - Tax On, Tax Off

Wed, 16 Apr 2025 05:52:00 -0000

In this episode, TK provides a detailed "Pulled Pork" analysis on Cedar Woods Properties (CWP).

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815 Club - Tax On, Tax Off

Wed, 16 Apr 2025 05:51:00 -0000

In this episode, Cameron and TK dive into the tumultuous week in the markets, heavily influenced by the Trump administration's tariff announcements and subsequent pause. They discuss the impact on US Treasury bonds, China's long-term economic strategy, and the potential breakdown of global trust in the US economy. They briefly cover portfolio updates, Ray Dalio's perspective on the breakdown of the global order, and company-specific news including Accent Group (AX1), Findi (FND), Comms Group (CCG), Perenti (PRN), Telstra (TLS), and TK's new board appointment at Clime Investment Wealth (CIW). TK also provides a detailed "Pulled Pork" analysis on Cedar Woods Properties (CWP). The episode concludes with after hours.

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#814 Free

Tue, 08 Apr 2025 23:18:00 -0000

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#814 Club - The Big Grift

Tue, 08 Apr 2025 23:14:00 -0000

In this episode, Cameron and TK dive into the recent market volatility, largely driven by US tariff announcements. They discuss the importance of sticking to the QAV investing framework during uncertain times, contrasting it with reactive or emotional decision-making often seen elsewhere. The conversation touches on the potential economic impacts of the tariffs, including the logic behind them, the potential for decoupling from China, the historical context of tariffs in Australia, and the possibility of it all being a "grift". They also analyze the performance of different stock types during downturns, highlighting the relative resilience of value stocks compared to growth stocks. Later, TK presents a "Pulled Pork" segment on Ingham's Group (ING), and the hosts answer a listener question about adjusting sell lines. The episode wraps up with personal anecdotes and recommendations in the "After Hours" segment.

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QAV #813 Club - The Mill Red Flag

Tue, 01 Apr 2025 23:42:00 -0000

In this episode, TK shares his busy week involving golf, horse racing, and family events, including his daughter's first auction and his upcoming birthday. Cameron updates on the QAV light portfolio's performance, noting it's now beating the index since inception and for the financial year, despite selling EHL and TPG. They discuss Dollarama's acquisition of The Reject Shop (TRS) at a significant premium, speculate on the rationale, and touch on potential challenges for Dollarama in the Australian market. Concerns are raised about Stockopedia following staff departures and data discrepancies, particularly with Price to Operating Cash Flow (PropCAF) figures. The hosts delve into ASIC and the RBA scrutinizing the ASX over CHESS replacement issues and operational risks. They analyze several stocks: Accent Group (AX1) potentially seeing increased stake from Fraser's Group, New Hope Group's positive results and share buyback amidst slumping coal prices, Ramelius Resources' (RMS) controversial acquisition of Spartan Resources and subsequent removal from Stock Doctor's star list due to disclosure and financial concerns, and NZME's results, potential corporate activity involving Stuff, and a looming board challenge from Canadian billionaire Jim Grennan. A significant discussion revolves around establishing 'red flags' for corporate governance issues, triggered by Helia's (HLI) CEO selling shares before bad news, Indiana Resources (IDA) failing to lodge reports on time, and broader concerns about management integrity, timely disclosure, and when to remove a red flag. They also cover TPG Telecom's sale of assets to Vocus and perform a deep dive into Santos (STO), including its history, recent performance, QAV metrics, and associated risks [cite: 495, 498, 501, 503, 511, 537, 542, 565-581]. The episode wraps up with 'After Hours' chat about classic TV shows like Joe 90 and Odd Squad, films like Unforgiven and Ipcress File, music discoveries including Transplants and The Distillers, and TK's upcoming horse races.

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QAV #813 Free - Santos Pulled Pork

Tue, 01 Apr 2025 23:41:00 -0000

In this episode, Tony does a deep dive into Australian energy giant Santos (STO), recently back on the QAV buy list primarily driven by its significant natural gas and LNG operations. He traces Santos' history from its 1954 founding and early Cooper Basin discoveries to its current international footprint spanning Australia, PNG, Timor-Leste, and Alaska, including its major Gladstone LNG export facility and the 2021 merger with Oil Search. Despite recent results showing a dip, analysts forecast growth. Tony breaks down the QAV numbers, highlighting its value proposition (trading below book value), low Price to Operating Cash Flow, and decent yield, resulting in a QAV score of 0.15. However, potential risks are flagged, including upcoming CEO succession, the feasibility of its new carbon capture project, business complexity, climate change legislation impacts, and sovereign risks associated with its international ventures.

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QAV U.S. #002 - Markets Like Certainty

Fri, 28 Mar 2025 11:38:00 -0000

In this episode of the QAV US Edition, Cameron and Tony dive into the latest performance of the US portfolio, which continues to outpace the S&P 500 with a stunning 70% return. They break down the impact of Trump’s erratic trade policies on global markets, particularly the shipping industry, and reflect on how uncertainty is roiling investor sentiment. Cameron does a “Pulled Pork” deep dive into Mexican cement giant **Cemex (CX)** — a segment that unexpectedly transforms into a passionate, trivia-filled masterclass on the history, chemistry, and environmental impact of cement. They also touch on stock performance, issues with Stockopedia data accuracy, and the curious case of ethical awards for companies that belch CO₂.

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QAV #812 Club/Free - ASA's Chairman on Continuous Disclosure

Wed, 26 Mar 2025 04:57:00 -0000

This week we're talking with Steve Mabb, Chairman of the Australian Shareholders Association, about what we can do about the many failures of ASX-listed companies to disclose their results during the most recent reporting season.

qavpodcast.com.au

#asx #asa #QAV #cameronreilly #tonykynaston #valuestocks #valueinvestor

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QAV #811 Free

Wed, 19 Mar 2025 02:08:00 -0000

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QAV #811 Club - Thinking About It

Wed, 19 Mar 2025 01:33:00 -0000

In Episode 811, Tony and Cameron explore the market's recent volatility and recovery, examining key performances in both their Australian and US portfolios. They dive deep into the curious case of Ramelius Resources, dissecting the company's recent series of announcements that puzzled investors and raised questions around transparency and disclosure practices. Other highlights include a robust discussion on small caps versus large caps in the context of passive investing impacts, strong results from Perseus Mining and Metals X, and an analysis of Shape Australia's promising financial position and future outlook. The episode wraps up with listener questions about portfolio hedging strategies and implications of the Ramelius and Spartan Resources merger.

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QAVUS #001 - Rule-Based Investing

Thu, 13 Mar 2025 02:50:00 -0000

In the premiere episode of the QAV U.S. podcast, Cameron Reilly and Tony Kynaston introduce American listeners to their established value investing approach, known as QAV (Quality at Value). They discuss their checklist-driven, rule-based investing methodology designed to identify undervalued stocks without emotional decision-making. Tony overviews their system, emphasizing its simplicity, low emotional involvement, and focus on long-term consistency and low risk compared to speculative investing. They address recent portfolio adjustments, such as selling Lands' End (LE) and Global Ship Lease (GSL), and provide a detailed analysis of ZIM Integrated Shipping Services, highlighting its strong financial metrics and explaining their rationale for investment decisions.

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QAV #810 Free - The QAV Magnificent 12

Wed, 12 Mar 2025 01:49:00 -0000

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QAV 810 Club - The QAV Magnificent 12

Wed, 12 Mar 2025 00:13:00 -0000

In this episode, we dissect the turbulent state of global markets, discussing the recent significant declines in the US stock market and how these movements align with our investment strategy. Tony emphasizes the value of sticking to disciplined investing rules amidst market volatility, focusing specifically on the risks of emotional investing. We go into our portfolio results, discuss controversies around corporate governance on the ASX, and a pulled pork on Super Retail Group's (SUL) including their ongoing legal distractions. Tony also provides a brief look into the results of IVE Group (IGL), Helia Group (HLI) and West African Resources (WAF).

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QAV 809 Free - The Reporting Season Red Flag

Wed, 05 Mar 2025 05:25:13 -0000

In this episode, we review recent half-yearly results and market volatility, discussing notable movements in the dummy portfolio compared to the benchmark, as well as significant shifts in commodities such as crude oil. We conclude with a “Pulled Pork” deep dive on mining services group Parenti (PRN), analyzing cash-flow quirks, forecast earnings, and overall QAV metrics.

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QAV 809 Club - The Reporting Season Red Flag

Wed, 05 Mar 2025 04:03:10 -0000

In this episode, we review recent half-yearly results and market volatility, discussing notable movements in the dummy portfolio compared to the benchmark, as well as significant shifts in commodities such as crude oil. We dive into reporting-season surprises from companies like Qantas, Hello World, Pepper Money, and Karoon Energy, exploring the lack of timely “confession season” disclosures and how that impacts investment decisions. The topic of whether to pause stock purchases during reporting season is debated, expressing our frustration over abrupt CFO departures and earnings “shock” announcements. We conclude with a “Pulled Pork” deep dive on mining services group Parenti (PRN), analyzing cash-flow quirks, forecast earnings, and overall QAV metrics.

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QAV 808 Free - The Value Investor’s Lament

Wed, 26 Feb 2025 03:24:18 -0000

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QAV 808 Club - The Value Investor’s Lament

Wed, 26 Feb 2025 01:46:53 -0000

In this episode of QAV, Cameron and Tony navigate the carnage of reporting season, where many QAV stocks have taken a beating. They discuss the brutal market reactions to earnings misses, the underperformance of value stocks relative to growth, and what the latest results say about the overall market sentiment. Despite the doom and gloom, there are bright spots, including Berkshire Hathaway’s latest results and a few standout earnings reports. Tony also revisits the concept of market tops and how investors should be positioning themselves.

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QAV 807 Free - Half Year Havoc

Tue, 18 Feb 2025 23:52:03 -0000

We're talking about the RBA's decision to cut interest rates, and Tony does a deep dive share analysis on ASX:FSF, Fonterra, looking at its business model and fundamentals, to decide whether or not it makes sense as a value investment.

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QAV 807 Club - Half Year Havoc

Tue, 18 Feb 2025 23:06:12 -0000

Half year reports are playing their usual havoc on some of our stocks, as results disappoint the market. But is the market over-reacting in some cases? Tony thinks so. We're also talking about the RBA's decision to cut interest rates and how that affects our investing decisions. Stocks covered today include FND, AMP, CVL, PPM, and Tony's deep dive is on FSF. He also answers a listener's question about borrowing to buy shares. After hours includes discussions about Babylon, the ACO, racing updates and fasting.

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QAV 806 Free - The Reilly Indicator

Wed, 12 Feb 2025 02:22:00 -0000

In QAV Episode 806, Tony's Pulled Pork segment examines Grange Resources (GRR)—a strong performer but with a looming mine closure.

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QAV 805 Club - The Reilly Indicator

Wed, 12 Feb 2025 02:19:00 -0000

In QAV Episode 806, Cameron and Tony cover key market updates, including Elon Musk’s $97B bid for OpenAI, Trump’s steel tariffs, and the resurgence of iron ore as a buy. They analyze portfolio performance, noting that long-held stocks tend to outperform, and discuss Nick Scali, Beach Energy, and Seven West Media’s earnings. Cameron unveils the ‘Reilly Indicator’, suggesting that a lack of sell signals could indicate an impending market correction. They revisit the ‘Crazy Girlfriend Rule’ for stocks that repeatedly disappoint, explore the impact of COVID lows rolling off charts, and debate when bad news stops being a red flag. The Pulled Pork segment examines Grange Resources (GRR)—a strong performer but with a looming mine closure. The episode wraps with fun discussions on horse racing, Al Pacino, and flat-pack furniture frustrations.

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QAV 805 Free - Whack A Mole

Wed, 05 Feb 2025 03:44:40 -0000

This week on the free edition, we're talking about the impact of Trump's tariffs on the market, and Tony does a deep dive on AMI.

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QAV 805 Club - Whack A Mole

Wed, 05 Feb 2025 00:41:09 -0000

In this episode recorded on February 4, 2025, we dive into the impact of recent US tariff implementations and their immediate retraction. We also discuss the resignation of Resolute Mining's CEO following his detention in Mali and its effect on the company’s share price, TK explains the Ricardo effect on national economic strategy, the collapse of Mosaic Brands, regulatory approval for FND, and a 'Pulled Pork' segment on Aurelia Metals (AMI), covering the company's history, current status, and future projections amid the booming gold prices. In After Hours, they offer tributes to Marianne Faithful and discuss pop culture, including 'Rogue Heroes' and 'Inland Empire', Nazi propaganda and 20th-century Russian literature.

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QAV 804 Free - The DeepSeek Black Swan

Wed, 29 Jan 2025 01:40:21 -0000

In this episode, Cam and Tony catch up after Tony's trip to Tasmania, where he shares highlights including great golf and food. They discuss hypothetical investments in 'TrumpCoin'. The episode then delves into the recent market upheaval caused by Chinese AI company DeepSeek and its impact on Nvidia. Tony also conducts a 'Pulled Pork' segment on Australian Clinical Labs (ACL), analysing its market position, financial health, and prospects amidst regulatory challenges and AI's potential impact on medical diagnostics.

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QAV 804 Club - The DeepSeek Black Swan

Wed, 29 Jan 2025 00:19:01 -0000

In this episode of QAV, Cameron and Tony discuss a variety of topics, from Tony’s trip to Tasmania and adventures at MONA to Cameron’s kitchen mishap with a mandolin slicer. The conversation transitions to market insights, including the impact of the Chinese AI system DeepSeek on global markets and Nvidia’s significant market cap loss. The duo explores key investment stories like Lindsay Australia’s stock performance and Washington H. Soul Pattinson’s involvement, as well as discussing pathology services company ACL and its challenges in a government-regulated environment. The episode closes with reflections on the late David Lynch and his creative legacy.

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QAV 803 - Shares For Beginners

Tue, 21 Jan 2025 23:34:44 -0000

While TK is away, I'm chatting with Phil Muscatello from the Shares For Beginners podcast, about everything the two of us have learned about investing over the years we have produced our respective podcasts.

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QAV 802 Free - Sweet FA

Wed, 15 Jan 2025 03:01:04 -0000

This week Tony shares his analysis on HZN, Horizon Oil.

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QAV 802 Club - Sweet FA

Wed, 15 Jan 2025 02:59:57 -0000

This week we're talking about commodities such as crude oil, copper, and lithium becoming buys again, Wall Street predictions and the practical approach of focusing on quality investments and managing risk. Tony shares analysis on several stocks including NWH and MYR, discussing red flags, and a pulled pork on HZN. Cameron discussed his recent analysis on Rule 1 selling and some news regarding FSF and GNP, plus an article from the AFR about Australia's private sector being in recession. After Hours features reviews of films like ‘Civil War’ and the ‘Planet of the Apes’ series, along with the show ‘Black Snow’, and NVIDIA’s groundbreaking announcements at CES.

00:00 Introduction and Casual Catch-Up

01:24 Investing Insights: Commodities and Market Movements

04:43 Wall Street Predictions: A Critical Analysis

12:18 Portfolio Performance and Rule 1 Analysis

19:55 NRW Holdings CFO Resignation: A Red Flag?

24:03 Myer: Disappointing Trading Updates and Merger Concerns

40:08 Horizon Oil: A Deep Dive into Performance and Scandals

51:00 Investment Returns and Company Strategy

52:18 Management Changes and Company Evolution

54:30 Financial Analysis and Stock Performance

58:52 Risks and Future Prospects

01:03:29 Movie Reviews and Recommendations

01:18:41 AI Advancements and Industry Impact

01:28:05 Political Commentary and Speculations

01:33:12 Concluding Thoughts and Farewell

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QAV 801 Free - CY24 Portfolio Analysis

Wed, 08 Jan 2025 00:08:24 -0000

In our first free episode for 2025, we break down our mixed portfolio results for 2024, and comment on clips from a 1994 talk from Peter Lynch.

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QAV 801 Club - CY24 Portfolio Analysis

Wed, 08 Jan 2025 00:06:35 -0000

In our first episode for 2025, we break down our mixed portfolio results for 2024, talk about news related to MWY, ABA, ERD, RMS, play clips from a 1994 talk from Peter Lynch, review Geoff Wilson's investing checklist, discuss Eugene Lama's views on efficient markets, quantum computing threats. And in the After Hours segment we talk about the films, TV and music that's kept us busy over the break.

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QAV 752 Free - Time Capsules

Thu, 26 Dec 2024 21:33:51 -0000

In this week's free edition of QAV, we discuss a year-end review of the stock market, highlighting winners and losers, a 'Pulled Pork' segment features an in-depth analysis of Wagner's Holding Company (WGN), including its financial health, investment risks, and growth prospects tied to innovative construction materials and the Brisbane 2032 Olympics.

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QAV 752 Club - Time Capsules

Thu, 26 Dec 2024 21:32:21 -0000

A review of the stock market's winners and losers for the year, updates on TLS, DTL and FPR, Planck's Principle in investing, our predictions for 2025, and a 'Pulled Pork' on Wagner's Holding Company (WGN). In After Hours we talk about Leunig, say RIP to departed friends, and discuss ADHD.

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QAV 751 Free - The Buffett Indicator

Wed, 18 Dec 2024 00:11:19 -0000

This week we're talking about our portfolio performance, SXE's new contracts, The Buffett Indicator, and Tony does a Pulled Pork on GTN.

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QAV 751 Club - The Buffett Indicator

Tue, 17 Dec 2024 23:51:50 -0000

This week we're talking about SXE's new contracts, The Buffett Indicator, "The Mind of Wall Street", the Murdoch succession crisis, Pulled Porks on GTN and RM, and then in After Hours we discuss Dune Part Two, S02 of Bookie, Vivaldi's Four Seasons, Skeleton Crew, Wild Gods, Pink Moon and using the Australian government to bail out failing news organisations.

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QAV 750 Free - Hello World

Tue, 10 Dec 2024 23:01:49 -0000

In this episode, we kick off with a catch-up on Tony's golfing escapades before diving into the recent changes in ANZ's leadership, focusing on the newly appointed CEO Nuno Matos and the potential impacts on the bank. We hear about some success from a new QAV Club member, then Tony's 'Pulled Pork' segment examines Hello World Travel Limited (HLO), covering its business model, financial health, and risks.

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QAV 750 Club - Hello World

Tue, 10 Dec 2024 22:58:27 -0000

In this episode of QAV: Tony's recent golfing escapades and his upcoming move to Cape Schanck. We discuss ANZ's CEO change, reviewing the impact on the stock and the broader banking landscape, including concerns over market share and IT integration challenges. ABA's merger with MyState is analyzed for synergies and potential risks. There's an in-depth look at operating cash flows from Fleet Partners and whether it remains a QAV stock. The 'Pulled Pork' segment features Hello World Travel Limited, examining its financials and market position. Other topics include Boom Logistics' consolidation, commodities recovering thanks to China's statements, the RBA's interest rates decision, and Rule 1 sell strategies. The episode also includes reviews of recent media highlights, from cinema classics to new spy thrillers.

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QAV 749 Free - Aqualung

Tue, 03 Dec 2024 23:12:04 -0000

In this episode of QAV, I am joined by special co-host, QAV member Geoff Fleming. We discuss the nature of investing versus gambling, with a particular focus on Bitcoin, including my review of Anthony Scaramucci's new book on the topic. Geoff shares insights into his investing journey pre-QAV and post-QAV. I do a 'Pulled Pork' on Auswide Bank (ABA), analysing its recent performance, potential merger with MyState, and overall health within the financial sector.

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QAV Club 749 - Aqualung

Tue, 03 Dec 2024 23:10:34 -0000

In this episode, while Tony is playing golf, I am joined by guest co-host QAV club member Geoff Fleming. We discuss Geoff’s investing journey, then get into Anthony Scaramucci’s book on Bitcoin "investing", recent updates from EHL and FND, ASIC's warnings about cybersecurity threats to share holdings, the latest market news including gold stocks like WestGold (WGX) and Resolute Mining (RSG), and a deep dive on Auswide Bank (ABA), including its recent acquisition, merger talks with MyState, and financial challenges. After hours chat includes Babylon, The Old Man, pumpkin pie, Pink Floyd / Roger Waters concerts, Jethro Tull lyrics, Bauhaus movement, Cobra Kai and The Life of Apollonius of Tyana by Philostratus.

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QAV 748 Free - The Trump Slump

Tue, 26 Nov 2024 22:49:07 -0000

In this free episode of the QAV value investing podcast, we discuss the impact on the market of the potential tariffs announced by Trump, a comprehensive analysis of Woodside Energy (WDS) and mention some of Berkshire Hathaway's recent investments in companies like Pool Corporation.

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QAV Club 748 - The Trump Slump

Tue, 26 Nov 2024 22:36:48 -0000

In this episode, we discuss the impact of Trump's tariffs and sanctions on markets, the consolidation of Boom Logistics, Resolute Mining Update, listener feedback about lithium investments and accruals, the Mooch on bitcoin and his Trump decoder ring, a pork on Woodside Petroleum (WDS), Nick Scali's Logistics Challenges, the latest on the super tax proposal, EV vehicle sales in Australia, and a second pork on U.S. company Pool Corporation (POOL), a recent Berkshire Hathaway investment. After Hours includes Tony's recent experiences with Rockwiz, Stephen Fry, and a golf win, while Cameron talks about the 1963 Italian horror film BLACK SABBATH and a new documentary about Elvis' 68 Comeback Special.

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QAV Free 747 - Zombies, Accruals and Fascists

Tue, 19 Nov 2024 12:28:10 -0000

In this episode of the QAV Value Investing podcast, we discuss RSG's recent settlement with the Malian government, the acquisition of MWY, the volatile nature of the lithium market, adding accrual accounting to our checklist, and zombie companies on the ASX 300.

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QAV Club 747 - Zombies, Accruals and Fascists

Tue, 19 Nov 2024 12:23:15 -0000

In a jam-packed two-hour long episode 747, we're talking about everything from the RSG kidnapping to accruals in the QAV checklist, the performance of ASG, why Cam didn't buy SWM when he read Kerry Stokes' AGM speech, Zombie companies on the ASX, the NAB being sued by ASIC, the retirement of Joyce Corporation's CEO, GrainCorp profits, Brokers hype, Findi's Indian ATM / IPO play, before wrapping up with after-hours chatter about horses, boxing, movies, fascism, and 20 years of podcasting.

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QAV 746 Free - King Trump

Wed, 13 Nov 2024 00:32:29 -0000

In this free episode of QAV, discussions kicked off with the recent US elections, Democratic Party strategies, and the implications of a second Trump presidency. The hosts then reviewed portfolio reports, stating the performance of their US portfolio vis-à-vis the S&P 500 and detailed the Australian Stockopedia portfolio's position relative to the S&P 200. Next, they discussed Resolute Mining's stock drop and executive detainments in Mali, exploring sovereign risk and its impact on investments. The episode also covered the effects of Trump's proposed economic policies on the stock market, particularly in terms of tax cuts and tariff policies. Later, they examined the fallout in the lithium market and the precipitous decline of Liontown Resources' stock price. The show wrapped up with further insights into the factors impacting mining stocks and the potential for overreaction in volatile markets.

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QAV 746 Club - King Trump

Tue, 12 Nov 2024 23:08:27 -0000

Episode #746 covered an extensive range of topics, from Trump's 2024 election victory and its implications, to detailed analysis of multiple companies and market sectors. The hosts discussed Elon Musk's new role as Minister for Government Efficiency (DOGE), portfolio performance updates showing significant outperformance of benchmarks, and several mining company developments including Resolute Mining's Mali crisis, Liontown Resources' lithium struggles, the delisting of Namoi Cotton and the challenges of tracking corporate actions in Light portfolios, and iron ore market challenges. They analyzed shipping company TeeKay Corporation's history and operations, Qantas Airways' business model and fleet concerns, and multiple shipping companies' recent stock performance. The After Hours section also included discussions about horseracing updates, entertainment recommendations including David Tennant shows, and concluded with an extensive debate about Trump's potential impact on democracy and different perspectives on fascism in America.

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QAV 745 Free - Sandbagging

Tue, 05 Nov 2024 00:01:18 -0000

We discuss the RBA’s Cup Day meeting, and TK does a 'Pulled Pork' on CCP's recent performance.

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QAV 745 Club - Sandbagging

Mon, 04 Nov 2024 23:59:57 -0000

We discuss the RBA’s Cup Day meeting, TK does a 'Pulled Pork' on CCP's recent performance, and quotes from 'What Works on Wall Street' by O'Shaughnessy, exploring key accounting ratios and shareholder yield. After hours is about cycling safety, Coppola's "DEMENTIA 13", scotch eggs, and managing celebrities.

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QAV 744 Free - The Woozle Effect

Tue, 29 Oct 2024 09:22:37 -0000

In the free version of episode 744 of the QAV podcast, Tony shares discusses AMP's recent performance and strategic restructuring over the years, digging into their financials and market movements, highlighting growth areas and ongoing simplification efforts. Then Cameron discusses the concept of the Woozle Effect, its implications in investing, and how misleading data can shape market perceptions.

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QAV 744 Club - The Woozle Effect

Tue, 29 Oct 2024 09:21:47 -0000

We're talking about the impact of Solly Lew's strategic moves on Myer, before discussing Mosaic Brands' recent troubles, portfolio reports, and Tony provides a comprehensive 'Pulled Pork' segment on AMP. Cam discusses the Woozle Effect in investing and provides pulled pork on one of the stocks in our U.S. portfolio, Banco Latinoamericano de Comercio Exterior (BLX). After Hours includes updates on horse racing, a recommendation of the TV show 'Bad Monkey', and reviews of Fritz Lang's film 'M' and Kubrick's "Full Metal Jacket".

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QAV 743 Free - The Throat Punch

Wed, 23 Oct 2024 01:53:29 -0000

In this episode of the QAV Value Investing Podcast, Tony and Cam talk about market predictions, and recent impressive gains in WGX, FND and WLFC. In the pulled pork, Tony analyses Redox (RDX).

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QAV 743 Club - The Throat Punch

Wed, 23 Oct 2024 01:41:31 -0000

In this episode, Tony and Cam talk about market predictions, and recent impressive gains in WGX, FND and WLFC. In the pulled pork, Tony analyses Redox (RDX), and then answers questions about portfolio strategies and buyback versus dividend yields. The episode also features insights from O'Shaughnessy's 'What Works on Wall Street', and After Hours has personal anecdotes about Cameron's Kung Fu grading, Tony's horse racing, reviews of classic films and literary works like 'Pimp: The Story of My Life' by Iceberg Slim.

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QAV 742 Free - Flame Trees

Wed, 16 Oct 2024 00:39:01 -0000

In this episode of the QAV value investing podcast, Tony digs into Pepper Money (PPM), dissecting its operations as a non-bank lender, securitisation of mortgages, and attracting investors. Covering its history, IPO, and recent product innovations like the SMSF mortgage, key financial metrics including profits, assets under management, loan losses, dividend trends, and share buybacks, its stock value relative to market metrics and Stockopedia rankings, cautioning about risks such as interest rate sensitivity and potential asset finance fraud while highlighting growth prospects in the non-conforming lending market.

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QAV 742 Club - Flame Trees

Wed, 16 Oct 2024 00:37:00 -0000

This episode - an analysis of Pepper Money Limited (PPM), Emeco Holdings (EHL), Macmillan Shakespeare (MMS), and GTN. We discuss share buybacks, the impact of private equity ownership, the importance of dividend changes as buy/sell signals, the use of three-point trendlines in stock analysis, and the performance of the US dummy portfolio. We delve into O'Shaughnessy's research on dividends from "What Works on Wall Street", Lefevre's warning about listening to brokers, and explore strategies for stocks under takeover offers. In After Hours - Dennis Hopper, Rick Rubin, Slow Horses and Kung Fu.

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QAV 741 Free - Boringly Happy

Wed, 09 Oct 2024 01:34:00 -0000

In episode 741 of the QAV value investing podcast, Tony and Cam dive into inspiration from 'Reminiscences of a Stock Operator', discussing the dangers of ignorance, greed, fear, and hope. They review Adair's stock (ASX: ADH), analysing its foray into furniture and the potential impact of new CEO Elle Roseby. Key themes include market pressures, expansion strategies, the importance of data-driven decision-making through Adair's loyalty program, quick fixes versus steady growth in investments and lifestyle, and the trends and challenges Adair's faces in a competitive retail market.

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QAV 741 Club - Boringly Happy

Wed, 09 Oct 2024 01:32:51 -0000

In episode 741 of QAV, Tony and Cam discuss fear and greed with quotes from "Reminiscences of a Stock Operator", analyse West African Resources' (WAF) market situation due to Burkina Faso's political climate, Bank of Queensland's (BOQ) franchise strategies, Tony's attempts to get ChatGPT to help with the Kelly Criterion, answer a question about US Dummy Portfolio Strategy, and discuss insights on price-to-cash flow ratios from 'What Works on Wall Street' by O'Shaughnessy. The 'Pulled Pork' section features an in-depth look at Adairs (ADH) and its new strategic direction. And, of course, After Hours.

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QAV 740 Free - Release the Sausages!

Tue, 01 Oct 2024 22:30:52 -0000

In this episode of our value investing podcast, we do a deep dive into 'Reminiscences of a Stock Operator' by Edwin Lefèvre, detailing Jesse Livermore's life and lessons and finish with some discussion about interest rates and the housing market.

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QAV 740 Club - Release the Sausages!

Tue, 01 Oct 2024 22:25:29 -0000

In this episode of our value investing podcast, we do a deep dive into 'Reminiscences of a Stock Operator' by Edwin Lefèvre, detailing Jesse Livermore's life and lessons. We give AU and U.S. portfolio updates, some discussion about interest rates and the housing market, say goodbye to VUK, keep an eye on the iron ore price, reveal TK's recent mistakes, and talk through a quote from 'What Works on Wall Street' by O'Shaughnessy. The 'Pulled Pork' segment looks at one of our U.S. investments, American retailer Lands' End (LE), its history and recent quarterly results.

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QAV 739 Free - The Buffett Measure

Wed, 25 Sep 2024 02:46:07 -0000

In this episode of the QAV Value Investing Podcast, Tony and Cam discuss the AOrd's all-time high, and the RBA's expected move on rates, portfolio performance metrics, highlighting the impressive gains of dummy and Stockopedia portfolios. They also reflect on different share selection methods and investing strategies from the "Market Analysis" newsletter. Tony provides a detailed 'Pulled Pork' analysis on Qantas, noting recent developments, financial health, and potential risks.

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QAV 739 Club - The Buffett Measure

Wed, 25 Sep 2024 02:44:52 -0000

In this episode of the QAV 739 Club, CR and TK review their portfolio performance, do a pulled pork on Qantas, discuss the impact of the RBA's interest rate decision, and the effectiveness of insider trading signals and the impact of Dividend Strategies in Australia.

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QAV 738 Free - Pigs Get Slaughtered

Tue, 17 Sep 2024 10:43:56 -0000

In this episode of QAV, Tony Kynaston and Cam discuss the ASX's record high and the performances of their portfolios, take a nostalgic look back at the dot-com bubble, comparing it with the current tech valuations, the capital raisings of Vysarn, some quotes from WWOWS, and the episode wraps up with a detailed Pulled Pork segment on GenusPlus Group (GNP).

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QAV 738 Club - Pigs Get Slaughtered

Tue, 17 Sep 2024 10:33:52 -0000

In this episode of QAV, we discuss the ASX's record high, our portfolio returns, Earnings Surprises, Vysarn (VYS) raising capital, and analyse the GenusPlus Group (GNP). We look at news stories about builders going bankrupt, lessons from the dot-com crash and share a couple of WWOWS quotes.

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QAV 737 FREE - FEAR & GREED

Tue, 10 Sep 2024 12:32:03 -0000

In Episode 737 of QAV, Tony and Cam discuss portfolio updates, highlighting the performance of the U.S. and Australian portfolios, particularly mentioning stocks like Vysarn, ServiceStream, and Shape Australia. They also talk about the spike in gold prices driven by global instability and central banks' buying behaviour as well as recent declines in iron ore, copper, and Brent oil due to fears of economic slowdown in China and the U.S. They explore QAV's ability to cycle through market phases effectively, examining current buy list sectors. The episode concludes with a quote from 'What Works on Wall Street' by O'Shaughnessy and reflections on market booms and human behaviour.

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QAV 737 CLUB - FEAR & GREED

Tue, 10 Sep 2024 12:24:32 -0000

In this episode, Tony and Cam discuss recent commodity declines and a gold price surge and what it all means, as well as recent Brettalator issues and portfolio updates. Tony reads from 'What Works on Wall Street' talking about how value investing sustains through market bubbles.

The 'Pulled Pork' segment features Cash Converters, analysing its business model, regulatory impact and growth potential. a big punt

In After Hours, they also discuss low-budget films, William Shatner's intense role in 'The Intruder,' and Nick Cave's new album 'Wild God.' The conversation shifts to Allan Lichtman's election predictions, Lachlan Murdoch, and a Brett Whiteley art exhibition.

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QAV 736 FREE - RECENCY BIAS

Wed, 04 Sep 2024 01:06:44 -0000

In Episode 736 of the QAV value investing podcast, the hosts dive into portfolio updates over the last 12 months, comparing performances between the US and Australian markets. Key stats include the US portfolio's 44% increase and the Australian portfolio's 10% growth. They explore a thought-provoking discussion on an article by Alex Gluyas about large caps outperforming small caps amidst economic challenges follows and the incentives of financial planners and brokers. The episode also delves into behavioural economics with a quote from 'What Works on Wall Street' by James O'Shaughnessy, focusing on investment decision biases. The 'Pulled Pork' segment features a detailed analysis of Judo Holdings (JDO), highlighting its history, market strategy, and financial performance.

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QAV 736 Club - RECENCY BIAS

Wed, 04 Sep 2024 00:27:57 -0000

In this episode of the QAV value investing podcast, Tony and Cam review the impressive US portfolio performance with a rise of 44%, compared to the S&P's 27%, and compare with the Australian portfolios. They discuss the recent performance of big caps versus small caps, MMS setbacks. Behavioral economics insights from 'What Works on Wall Street' by Shaughnessy are explored, focusing on recency bias and overconfidence. They cover Resimac (RMC) CEO’s sudden resignation, financial implications for Australian Clinical Labs (ACL), Stock Doctor data integrity issues with SCL, and delve into Judo Holdings' (JDO) market position in the 'Pulled Pork' segment. Listener questions about SMSF strategies are addressed. The episode closes with After Hours, emotional updates on Tony's horse racing ventures, tales of Cape Schanck, Dave Grohl’s autobiography, The Room, Brahms Intermezzi, and the joys of old Jackie Chan and Donnie Yen films.

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QAV 735 FREE - F SCORES

Tue, 27 Aug 2024 23:45:41 -0000

Welcome back to QAV with TK at Cape Schanck. This episode discusses the challenges of golfing in windy weather, comparing Australian and US stock evaluations, and the performance of a US dummy portfolio with an impressive 40%-44% growth since October 2023. There's a deep dive into the Altman Z score and its importance in financial health prediction, contrasting it with the Piotrowski F score. The team also covers recent company reports for Yancoal and Inghams, both showing drops in share prices. Listener questions, travel mic issues, and metrics for recovering stocks round out the episode.

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QAV 735 CLUB - F SCORES

Tue, 27 Aug 2024 23:33:21 -0000

In this episode, Tony and Cam discuss the performance of stocks in the US dummy portfolio, working with F Scores and Z Scores, with a deep dive on ENVA’s 39% rise and the risks of investing in some US-listed stocks like Chinese online tech company, STG. They cover recent events around YAL, ANZ, BXB, ING, LFS, AX1 and BOQ and a regression test on "Recovering" stocks. Listener questions explore charting QAV scores over time and the potential buy of AFI. In After Hours, they discuss Tony's horse racing adventures, books, films, and the future impact of AI on industries and investing, wrapping up with Cameron's Tommy Hilfiger fashion shoot.

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QAV 734 Club Free - Stockopedia Webinar

Tue, 20 Aug 2024 11:09:06 -0000

In this episode of QAV, Elio D'Amato from Stockopedia interviews Tony Kynaston. The discussion covers Tony's investing principles, his journey from corporate management to investing, Tony's philosophy of having a disciplined investment system, and key strategies he employs in his Quality at Value (QAV) investing approach. They touch on the importance of cash flow over earnings, trend lines for timing buys and sells, and the use of a checklist for evaluating stocks. The webinar also highlights how Tony manages his portfolio and some of his stock picks like Boom Logistics, Macmillan Shakespeare, and AGL. There’s also a dive into the dynamics of market sentiment, psychology of investing, and how to maintain discipline amidst macroeconomic noise.

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QAV 733 Free - Recovering

Wed, 14 Aug 2024 01:57:30 -0000

In this episode of the QAV value investing podcast, Tony and Cam discuss Tony's recent Stockopedia webinar and delve into the intricacies of stock market reactions and forecasting errors based on insights from books like 'What Works on Wall Street' by James O'Shaughnessy and the latest book from David Waldron. They also welcome guest Conrad, who shares details of his impressive 31% performance in the recent financial year. Conrad explains his simplified QAV system focusing on Stock Doctor recovering stocks, rolling month performance, and the Coppock Curve.

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QAV 733 Club - Recovering

Wed, 14 Aug 2024 01:49:56 -0000

This week, Tony and Cam recap Tony's Stockopedia webinar, delve into the unpredictability of stock forecasting, and share quotes from 'What Works on Wall Street', David Waldron's new book, and Dean Williams. They interview QAV listener Conrad on his modifications of QAV strategies and discuss retail sector performances, including Myer, JB HiFi, and QBE. Cam uses ChatGPT to try to correlate Stock Doctor and Stockopedia financial health metrics, and they discuss China's economic deflation. In After Hours, Tony shares updates on his horse racing ventures, Cameron discusses his weight loss progress, and has a film recommendation, 'Repulsion' by Roman Polanski, and discloses his new career as a fashion model for Tommy Hilfiger.

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QAV 732 Free

Tue, 06 Aug 2024 23:51:32 -0000

In this episode Tony and Cam discuss the recent global market crash, its causes, and how value investors can navigate the turmoil. They touch on the SAHM rule's recession predictions, and the impact of Japan's interest rate changes. Tony emphasizes the importance of staying calm and sticking to alerts and value investing principles amidst market fluctuations. The episode also reviews listener questions about market strategies during downturns, Warren Buffett's patience, and statistical prediction techniques from 'What Works on Wall Street'.

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QAV 732 Club - Water Off A Duck's Back

Tue, 06 Aug 2024 23:16:21 -0000

In this episode, Tony and Cam break down recent market volatility impacting ASX and global indices, discuss the 'SAHM rule' for predicting recessions, and analyze major stock movements, including the MAG 7. They dive into Warren Buffett’s strategic moves with Berkshire Hathaway and Apple shares. Tony’s 'Pulled Pork' segment features McPherson's Limited (ASX: MCP). Listener Jordan shares how QAV helps him keep a calm approach to market downturns. They discuss the updated U.S. checklist, CCP's report from last week, the fact we're now in reporting season, a "What Works On Wall Street" quote and why Fortescue (FMG) needs new friends. After-hours conversations include discussions about Alfred Bester’s classic SF novel 'The Stars My Destination,' music my Amyl and the Sniffers, the latest Deadpool movie, Elon Musk’s Neuralink, the complexity of robotics, and Tesla’s EV strategies.

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QAV 731 Free

Wed, 31 Jul 2024 00:20:41 -0000

In this episode of QAV, hosts Tony and Cameron discuss Vitura Health Limited, a small speculative cannabis stock with the ASX code VIT. They delve into the company's operations, including its Canview prescription platform, the Cortexa distribution network, and the Doctors on Demand telehealth service. Despite a sharp decline in profit and share price, VIT shows potential through recent performance improvements and growth opportunities. The hosts also talk about the challenges and future prospects of the cannabis industry in Australia, including the potential impact of decriminalization and legalization. Additional topics include personal experiences with medical cannabis and its benefits.

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QAV 731 Club - Getting High with VIT

Tue, 30 Jul 2024 11:58:34 -0000

In this episode of our little value investing podcast, Tony and Cam break down the sharp drop in FND stock and the impact of new shareholders, review Karoon market updates, and explore an activist investor's push for a new dividend strategy. Insights from 'What Works on Wall Street' by O'Shaughnessy are shared, and the 'Pulled Pork' segment features deep dives on VIT and CXZ. Listener questions cover how to pick a stock to sell, and trading during the COVID dip, followed by Tony’s US election betting strategy and political musings. The discussion spans investments in political figures, horse racing updates, and reviews of 'The Ministry of Ungentlemanly Warfare', books by Len Deighton and Andrew McGahan, and the debate on future tech includes views from Kurzweil on nanotech versus Smil on fossil fuels and renewables.

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QAV 730 Free

Wed, 24 Jul 2024 00:14:45 -0000

In this free version of episode 730 of the QAV podcast, we discuss SGI's recent significant price drop, listener Conrad's subscriber's successful modification of the QAV investment system, which led to a 31.4% return in the last year, then Tony does a deep dive on ABB, Aussie Broadband, looking at their business strategy and fundamentals. Tony also shares some wisdom from 'What Works on Wall Street' by O'Shaughnessy, emphasizing the importance of sticking to a consistent investment strategy.

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QAV 730 Club - Consistency Is The Key

Wed, 24 Jul 2024 00:10:44 -0000

In this episode of the QAV podcast, we look at recent news involving SGI, ATP, FGM, CVL, AX1 and a deep dive into ABB's recent share price drop and business fundamentals. We discuss listener Conrad's successful modification of the QAV investment system, which led to a 31.4% return in the last year and review some advice from O'Shaughnessy's 'What Works on Wall Street' regarding consistency in investing. The after-hours segment includes discussions on examples of outstanding customer service, the benefits of rural call centers, and U.S. politics. We also chat about Tony's recent golf win, film reviews of 'Stingray' (1976) and 'The Assassination Bureau' (1969), and recommend the music of The Jim Carroll Band and Grace Cummins and the Doctor Who site, stitchesintime.

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QAV 729 Free - The Trump Bump

Wed, 17 Jul 2024 02:14:47 -0000

In this episode of QAV, hosts Tony Kynaston and Cameron Reilly dive into various topics, including a record-high in the Australian All Ordinaries index spurred by the 'Trump bump.' They discuss individual stock performances, and the ups and downs faced by companies like Aussie Broadband (ABB) and Metals X (MLX). A comprehensive 'pulled pork' segment features Elders Limited (ELD), exploring its long history and current status. The episode covers the significance of discipline and temperament in value investing, with reflections on different portfolio outcomes among members. The hosts also touch on the interconnected nature of the financial industry and its aligned incentives.

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QAV 729 Club - The Trump Bump

Wed, 17 Jul 2024 01:54:33 -0000

In this episode of the QAV podcast, hosts Tony Kynaston and Cameron Reilly are discussing a record-high in the All Ordinaries index spurred by the 'Trump bump', Aussie Broadband's sudden dive (ABB), portfolio results, more FY survey results, MLX's bump, the Shipping Crisis, thoughts about integrating "Buyback Yield" into the checklist, and Tony breaks down the history and market stance of Elders Limited (ELD) in a detailed 'pulled pork' segment. They also explore the Apple Vision Pro's new features and its future alongside immersive tech like Oculus Rift, then shift to the political scene with discussions on Trump's influence on global conflicts. The conversations touch on AI, Elon Musk's ventures like Neuralink and SpaceX, horse racing updates, book recommendations, and reviews of 'Better Call Saul' and Tom Cruise films.

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QAV 728 Free - Fixing The U.S. Checklist

Wed, 10 Jul 2024 02:58:41 -0000

In this free episode of QAV, Tony Kynaston and Cameron Reilly discuss the performance of their US portfolio, highlighting challenges with their current buy list and the need for qualitative adjustments. The discussion includes the introduction of metrics like the Z and F scores from Stockopedia to improve financial health assessments. The 'pulled pork' segment features Willis Lease Finance Corporation (WLFC), a unique US company leasing aircraft engines. They also touch upon survey results from Australian QAV club members, showcase portfolio experiments based on the AFR Rich List, and debate the viability of Fortescue Metals Group in light of commodity pricing concerns.

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QAV 728 Club - Fixing The U.S. Checklist

Wed, 10 Jul 2024 02:55:36 -0000

In this episode of the QAV podcast, Tony Kynaston and Cameron Reilly discuss the necessary improvements and changes to their US portfolio, including updates to their buying checklist and new financial metrics. Tony does a pulled pork on the U.S. company Willis Lease Finance Corporation (WLFC). In Australian news, they delve into market news affecting coal and iron ore prices and cover some more member survey results ad TK updates us on his Rich List Portfolio . IN after hours, they talk about Tasmania's MONA art gallery and reflect on AI's future, drawing from insights by Elon Musk and Bill Gates, indoor golf simulators compared to real-life golfing, and their upcoming demo of the Apple Vision Pro, speculating on technology's impact on real-life experiences.

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QAV 727 Club - Great FY Results

Tue, 02 Jul 2024 09:46:01 -0000

In this episode of the QAV podcast, hosts Tony Kynaston and Cameron Reilly cover a range of topics at the start of the new financial year. They begin the resilience in financial and property markets amid global interest rate hikes, and how the gig economy affects unemployment rates. They also touch on the history and impact of quantitative easing, review their own and member financial year results, and analyze market news related to companies like Myer and Fortescue Metals Group. Tony provides an in-depth look at Auric Mining Ltd (AWJ) in his 'pulled pork' segment. Tony answers questions about tax rates and performance-based share issuance, then in After Hours they get into movie reviews of 'Furiosa' and 'Marie Antoinette.' They also explore AI's potential future impacts on job markets and technological advancements, referencing Ray Kurzweil's predictions.

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QAV 727 Free - Great FY Results

Tue, 02 Jul 2024 09:43:01 -0000

In this episode of QAV, hosts Tony Kynaston and Cameron Reilly discuss the implications of interest rate hikes on property and stock markets, and the ongoing strength of the job market despite economic slowdown. They review listener-submitted financial year results, touching on both gains and losses, and Tony dives into an in-depth analysis of Auric Mining Ltd (AWJ). Topics include the company's operations, growth potential, and unique financial model.

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QAV 726 Club - Negative Waves

Tue, 25 Jun 2024 12:53:56 -0000

In episode 726 of QAV, Tony and Cameron pay tribute to the late Donald Sutherland, then shift to discussing fluctuations in the crude oil market, a deep dive into Ben Graham's investment principles and their relevance today, alongside a detailed analysis of TabCorp Holdings, the market's over-reaction to HLI news, and FND breaking the curse of the pulled pork.

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QAV 726 Free - Negative Waves

Tue, 25 Jun 2024 12:53:34 -0000

In episode 726 of QAV, Tony and Cameron pay tribute to the late Donald Sutherland, then shift to discussing fluctuations in the crude oil market, a detailed analysis of TabCorp Holdings, the market's over-reaction to HLI news, and FND breaking the curse of the pulled pork.

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QAV 725 Free - Mr Lazy & Mr Dumb

Tue, 18 Jun 2024 22:59:35 -0000

Join Tony and Cameron in episode 725 of QAV, recorded on June 18, 2024. They discuss Tony's recent trends in the stock market, and the upcoming RBA decision. The episode dives deep into the Lindy Effect, its origins, and its implications in investing. Tony then presents a detailed 'Pulled Pork' analysis on Embark Early Education (EVO), highlighting its growth potential, financial metrics, and the colorful history of its founder, Chris Scott. The episode wraps up with discussions on industry competition, government subsidies, and some lively banter about Gold Coast entrepreneurs and RBA interest rates.

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QAV 725 Club - Mr Lazy & Mr Dumb

Tue, 18 Jun 2024 22:54:53 -0000

In this episode of QAV, Cameron and Tony dive into recent market activities, the RBA’s decisions, the Lindy Effect, substantial shareholder announcements, and GrainCorp’s prospects, along with a detailed analysis of Embark Early Education (EVO). Member questions about living off a share portfolio during down years and the differences between value and quality investing are addressed. Additionally, Tony clarifies the calculation of shares on issue for Rio Tinto, emphasizing global figures for earnings per share. In after hours, the duo also covers Mario Puzo's 'The Godfather', Alphonse Mucha, and the Archibald Prize, and discuss the potential and risks of AI, drawing references from science fiction. They wrap up with thoughts on films and books, including 'Klara and the Sun'.

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QAV 724 - Our First U.S. Episode

Tue, 11 Jun 2024 12:24:33 -0000

In this episode of QAV, Cam and Tony explore the U.S. market for the first time, with a brief introduction of Tony and his QAV system of value investing, a discussion of value v growth investing, a discussion of the performance of our U.S. dummy portfolio, a deep dive or 'Pulled Pork' segment on Reinsurance Group of America (RGA), and a review of the FY survey results we've received so far from club members.

00:00 Introduction and Episode Overview, Health and Fitness Anecdotes, Kung Fu Goals

04:12 Introduction to our first US episode

07:57 Tony's Investing Background

13:07 Value vs Growth Investing

17:50 QAV System Explained

24:19 US Dummy Portfolio Performance

30:45 Top Performers in the US Portfolio

43:20 Market Emotions and Cycles

45:25 Pulled Pork: Reinsurance Group of America (NYSE:RGA)

01:09:49 Survey Results and Performance Analysis

01:16:20 Ethics and AI in Financial Advice

01:19:43 AFTER HOURS - mostly a debate about the future of AI

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QAV 723 Free - The Vulcan Fudge

Wed, 05 Jun 2024 00:07:22 -0000

Join Tony and Cameron in episode 723 of QAV as they discuss a variety of topics ranging from American barbecue joints to the Hunter Biden lawsuit. Tony talks about his relaxing golf trip down the East Coast and the challenges of selling a house. Then we discuss Vulcan level emotional detachment in investing, recent market movements, and specific stocks like CUE, MME, and PRN. There's also an exploration of dividends and portfolio performance. In after hours, we're talking about 'The Blues Brothers' Sidney George Reilly (Ace Of Spies), Nicholas Cage in "Dream Scenario" and our plans for our first U.S. episode.

00:00 Welcome Back to QAV Episode 723

02:36 Tony's Vulcan Detachment

04:30 Fudging ASG

14:39 Pulled Pork on Perenti Mining (PRN)

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QAV 723 Club - The Vulcan Fudge

Tue, 04 Jun 2024 23:56:30 -0000

00:00 Welcome Back to QAV Episode 723

02:36 Tony's Vulcan Detachment

04:30 Fudging ASG

14:39 Pulled Pork on Perenti Mining (PRN)

24:21 Cue Energy (CUE) and Dividend Concerns

30:51 MME and the Checklist

38:27 After Hours

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QAV 722 Free

Wed, 29 May 2024 01:08:37 -0000

In this episode, Tony provides insights into recent retail sales figures, the market's reaction, and the concept of 'confession season' in the corporate world. Then he conducts a detailed 'Pulled Pork' segment on Stealth Group (SGI), a tool retailer, evaluating its financial health, market performance, and prospects.

In the club edition, we also discuss the reasons behind varying member performances (and our own performance), and discuss the importance of sticking to a disciplined investment model.

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QAV 722 Club - WELTANSCHAUUNG

Wed, 29 May 2024 01:06:48 -0000

In the club edition, we also discuss the reasons behind varying member performances (and our own performance), and discuss the importance of sticking to a disciplined investment model.

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QAV 721 Free

Tue, 21 May 2024 23:10:00 -0000

In 721 we discuss the pain of FND, why Aussie investors keep investing in unprofitable companies, and TK does a Pulled Pork on SRV.

In the club edition only: the myth of the ‘new normal’, why LIC AFIC is selling below its NTA, how Aussie investors can benefit from the AI boom, what we should do about copper prices being up, how to interpret the number of buys going down, how often is TK is making purchases based on factors outside the numbers, and how to interpret the resignation of the PRN CFO.

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QAV Club 721 - Dr No

Tue, 21 May 2024 22:34:30 -0000

In 721 we discuss the pain of FND, why Aussie investors keep investing in unprofitable companies, the myth of the ‘new normal’, why LIC AFIC is selling below its NTA, how Aussie investors can benefit from the AI boom, what we should do about copper prices being up, how to interpret the number of buys going down, Pulled Pork on SRV, how often is TK is making purchases based on factors outside the numbers, and how to interpret the resignation of the PRN CFO.

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QAV #720 Free - Boom!

Tue, 14 May 2024 23:34:07 -0000

The Budget cometh, Lessons in Kindness from Buffett, and a Deep Dive into Boom Logistics.

Also in the Club edition: Reflections on Jim Simons and Quant Investing, Navigating Market Fluctuations: FND and FPR Updates, Exploring VYS's Surge, Elon Musk's Suggestion to Warren Buffett, Marcus has a question about applying quality score to existing holdings, Jim asks about Life 360, Stock Doctor Data Integrity Issues, Nick asks about Josephine rules, Trent asks about AGL and LNG

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QAV #720 Club - Boom!

Tue, 14 May 2024 23:33:24 -0000

The Budget cometh, Lessons in Kindness from Buffett, and a Deep Dive into Boom Logistics.

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QAV 719 Free

Tue, 07 May 2024 10:12:48 -0000

This week we're talking about the Berkshire Annual Meeting, and a pulled pork on EHL (Emeco Holdings).

Club edition only: China's gold purchases, SXE profit guidance update, Regression testing Price < Cons, Activists vs Karoon Energy (KAR), Austal (ASB) backers want Hanwha Group in the race, TRS is a 3PTL Sell, Apollo sinks THL, Morningstar valuations, banks doing large buybacks.

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QAV 719 Club - Peaking at 99

Tue, 07 May 2024 09:42:44 -0000

This week we're talking about the Berkshire Annual Meeting, China's gold purchases, a pulled pork on EHL (Emeco Holdings), SXE profit guidance update, Regression testing Price < Cons, Activists vs Karoon Energy (KAR), Austal (ASB) backers want Hanwha Group in the race, TRS is a 3PTL Sell, Apollo sinks THL, Morningstar valuations, banks doing large buybacks.

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QAV 718 Free - Poifect!

Wed, 01 May 2024 00:53:34 -0000

This week we're talking to Matt Walker about his regression testing system.

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QAV 718 Club - Poifect!

Wed, 01 May 2024 00:51:36 -0000

This week we're talking to Matt Walker about his regression testing system, Stock Doctor's continuing data quality issues, NCK's UK expansion, HMC Capital takes aim at GNC, fudging DUR and LAU, and get some insider information about Austal Ships.

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QAV 717 Free - The Power of Sacrifice

Wed, 24 Apr 2024 00:18:32 -0000

In this episode of QAV, recorded on April 23rd, 2024, hosts Cameron and Tony discuss recent market developments, personal real estate experiences, and investment strategies. They touch upon the slow real estate market in Sydney, highlighted by Tony's unsuccessful attempt to sell his penthouse apartment despite a perceived market upturn. The conversation shifts towards the broader trends affecting property sales, including market saturation and changing preferences among Chinese investors. The hosts emphasize the importance of honesty in the service industry, using examples from real estate and drop shipping to illustrate their point. The episode also delves into a detailed analysis of the Bank of Queensland's financial performance, addressing market rumours, share price fluctuations, and regulatory concerns. Additionally, Tony presents a deep dive into Joyce Corporation, evaluating its performance, growth opportunities, and potential challenges within its retail and franchise operations. The episode concludes with investment insights and reflections on the dynamic nature of markets and business strategies.

00:00 Welcome & Personal Updates

00:33 The Real Estate Market & Personal Anecdotes

02:02 Advice on Honesty in Business

02:24 Learning from Experience: Drop Shipping Insights

03:16 Bank of Queensland's Market Movements

03:50 Analyzing Bank of Queensland's Financial Performance

11:51 Portfolio Updates and the Power of Dividends

15:17 Deep Dive into Joyce Corporation (JYC)

28:26 Closing Thoughts

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QAV 717 Club - The Power of Sacrifice

Wed, 24 Apr 2024 00:01:47 -0000

This episode includes analysis of Bank of QLD (BOQ) and Atlas Pearls Ltd (ATP), a pulled pork on Joyce Corporation Ltd (JYC), comments from Howard Marks on Chess and Risk, a look at the Dummy Portfolio and dividends, and a regression testing update on QAV scores.

00:00 Welcome & Personal Updates

00:56 The Real Estate Rollercoaster: Selling Woes & Market Musings

02:24 Honesty in Business: Lessons from Personal Experiences

03:38 Navigating the Stock Market: The Bank of Queensland Saga

12:13 Investment Strategies & Portfolio Performance Insights

15:36 Exploring Regression Testing & Investment Metrics

23:56 Stock Doctor Data Issues & QAV Stocks in the News

32:07 Chess, Risk, and Investment Strategies: Insights from Howard Marks

43:22 Analyzing Trading Strategies and the Wisdom of Buffett and Munger

44:57 The Long-Term Perspective on Investing

45:45 Exploring the Success of the Dummy Portfolio

46:34 The Risks and Rewards of Investing

49:40 Deep Dive into Joyce's Business Model and Performance

54:48 Investment Analysis and the QAV Score System

01:02:53 The Volatility of Atlas Pearls and Investment Decisions

01:07:15 Regression Testing and Investment Strategy Optimization

01:14:56 After Hours - Dune 2, Deng Xiaoping, 3 Body Problem, Poifect running on ANZAC Day.

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716 Free - The Omnishambles

Wed, 17 Apr 2024 00:23:00 -0000

The AORD dropped this week, as did BOQ, TK does a Pulled pork on RSG.

Also in the Club edition: WOW’s CEO threatened with time in the big house, FND does an Indian ATM deal, TK talks about the Pulled Pork and Billionaire Portfolios.

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QAV 716 Club - The Omnishambles

Wed, 17 Apr 2024 00:22:00 -0000

(00:00:00) The AORD dropped this week, as did BOQ.

(00:05:51) WOW’s CEO threatened with time in the big house

(00:21:23) FND does an Indian ATM deal

(00:27:24) TK talks about the Pulled Pork and Billionaire Portfolios.

(00:32:56) TK does a Pulled pork on RSG.

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QAV 715 Free - The Fourth of the Fourth

Tue, 09 Apr 2024 22:23:00 -0000

The IMF on China, Diller on Trump Social, Bitcoin and Beanie Babies, pulled pork on A1M.

Also in the Club edition: Cash and Armaguard, Anscombe’s Quartet, Regression testing, Tesla veers to the EV slow lane, Ex-defence minister Pyne is Hanwha’s man in Canberra, Karoon plots path from oil junior to major through Gulf of Mexico, and a thought experiment about when TK would sell if the stock market didn't give live prices.

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QAV 715 Club - The Fourth of the Fourth

Tue, 09 Apr 2024 12:24:17 -0000

The IMF on China, Diller on Trump Social, Bitcoin and Beanie Babies, pulled pork on A1M.

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QAV 714 Free - Tessellating Nonagons

Tue, 02 Apr 2024 22:23:00 -0000

This week: Daniel Kahneman RIP, Sturgeon’s Law, Pulled pork on ASB

Plus, in the Club edition: Valuing Bitcoin, Coking coal a sell, New Regression Testing results, Buffett’s reading v networking,

Collins St does well again, ABB news, the performance of founder lead companies.

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QAV 714 Club - Tessellating Nonagons

Tue, 02 Apr 2024 22:17:00 -0000

This week: Daniel Kahneman RIP, Sturgeon’s Law, Pulled pork on ASB

Plus, in the Club edition: Valuing Bitcoin, Coking coal a sell, New Regression Testing results, Buffett’s reading v networking,

Collins St does well again, ABB news, the performance of founder lead companies.

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QAV 713 Free - Highly Sensitive Stocks

Tue, 26 Mar 2024 23:08:00 -0000

This week: Do ASX investors need to get used to expensive stocks, and a pulled Pork on G8 Education (GEM).

Also in the Club edition: theories on why KSC spiked, whether AMC CEO’s sudden resignation is a red flag, MEA is being sold, Macquarie’s new FOMO meter, ABB’s Superloop troubles, and what to do if you still own VUK.

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QAV 713 Club - Highly Sensitive Stocks

Tue, 26 Mar 2024 23:07:00 -0000

This week: Do ASX investors need to get used to expensive stocks, and a pulled Pork on G8 Education (GEM).

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QAV 712 Free

Tue, 19 Mar 2024 22:50:26 -0000

This week, while the RBA meets, we talked about ABB dropping 20% in a day, steel and coking calls falls, China’s economy beats expectations in the West, regression testing update, Damstra is taken over, and a pulled pork on MSV.

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QAV 712 Club - China Beats Expectations... Again

Tue, 19 Mar 2024 22:49:42 -0000

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QAV 711 Free - Business As Usual

Wed, 13 Mar 2024 00:47:00 -0000

This week: Delisting of TGA, VUK acquisition, Pulled pork on BOQ.

In the Club edition only: SD fix NWS issue, IRI loses Chair of Audit Committee, Tony’s testing on 2BL sell trigger, Tony answers questions about how to manage a portfolio if you move overseas, reducing our average daily trades to mitigate risks of the QAV spike, the risks of cap raises, different ways how a company can take on debt, and the benefits of share buy backs.

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QAV 711 Club - Business As Usual

Wed, 13 Mar 2024 00:43:42 -0000

This week: Delisting of TGA, VUK acquisition, Pulled pork on BOQ.

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QAV 710 Free - Do Ya Think I’m Sexy?

Wed, 06 Mar 2024 00:18:47 -0000

This week: AORD his another all-time high, reporting season is over (but now we’re in ex-div season), ING recorded a massive profit but the market dumped it anyway, Pulled pork is on Regis Healthcare (REG).

Also on the Club edition: Ray Dalio thinks the Mag7 are “fairly priced”, Collins St Value Fund wins again, Cam’s regression tests come up with something interesting, Tony has more to say on the shrinking ASX, and after hours.

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QAV 710 Club - Do Ya Think I’m Sexy?

Wed, 06 Mar 2024 00:18:21 -0000

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QAV #709 Free - The Architect (fixed)

Tue, 27 Feb 2024 23:44:00 -0000

This week: We discuss our favourite bits of Buffett’s new annual letter, and Tony does a pulled pork on Vulcan Steel (VSL).

Also in the Club Edition: We discuss the results of a new 20% Rule 1 simulation, Reporting Season News, LNG is a sell, Data shows Cathie Wood's Ark is one of the worst funds, NVIDIA results, and TK's perspective on 'Losing too many stocks' to M&A.

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QAV #709 Club - The Architect (fixed)

Tue, 27 Feb 2024 23:33:00 -0000

This week: We discuss our favourite bits of Buffett’s new annual letter, and Tony does a pulled pork on Vulcan Steel (VSL).

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QAV #708 Free - Buridan's Ass

Tue, 20 Feb 2024 23:06:19 -0000

This week: The market remains buoyant on the back of positive earnings, DTL crashes 22%, Pulled Pork AGL.

Also in the Club edition: Darryl’s portfolio analysis, Magnificent 7 profits now exceed almost every country in the world, Buridan’s Ass, SD ASX 300 change, Jordan’s Renko and hugline regression testing.

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QAV #708 Club - Buridan's Ass

Tue, 20 Feb 2024 23:05:35 -0000

This week: The market remains buoyant on the back of positive earnings, DTL crashes 22%, Pulled Pork AGL.

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QAV #707 Free - Three Men and a Tiger

Tue, 13 Feb 2024 23:58:58 -0000

This week: Market and portfolio updates; Nick Scali and Myer jump on profit results; the pitfalls of passive investing; the cracks deepen beneath the market’s surface; Woodside Santos merger collapsed; pulled pork on MME.

Also in the Club edition:

Lithium execs goolies; McDonald’s records first sales miss; Stock tips are for patsies; Matt Walker’s regression testing system; Three Men Make a Tiger; NWS shares in Stock Doctor; WAF’s forecast earnings.

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QAV #707 Club - Three Men and a Tiger

Tue, 13 Feb 2024 23:41:38 -0000

Also in the Club edition:

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QAV #706 Free - The Anti-QAV

Tue, 06 Feb 2024 23:19:31 -0000

This week on QAV:

Market hit all time high, then retreated… because of McDonalds in Gaza?!; Portfolio report; pulled pork on Metcash (MTS).

In the Club edition:

CCP results and share price; System Justification Theory; Elon’s Tesla strategy; Jordan’s regression testing; hedging QAV with Growth stocks (aka the Anti-QAV); RBA leaves rates unchanged; FPR operating cash flow.

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QAV #706 Club - The Anti-QAV

Tue, 06 Feb 2024 23:17:48 -0000

This week on QAV:

Market hit all time high, then retreated… because of McDonalds in Gaza?!; Portfolio report; pulled pork on Metcash (MTS).

In the Club edition:

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QAV #705 Free - Base-Rate Neglect

Tue, 30 Jan 2024 22:46:24 -0000

This week we’re talking about:

Munger’s final portfolio, Base-Rate Neglect, Pulled Pork - TLS

Plus, only on the Club edition: Evergrande liquidation, Aluminium and CAA, Fund managers reveal their big investment mistakes, Crypto still isn’t legit, Reporting season about to start, and using Renko chart to track Duratec’s decline.

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QAV #705 Club - Base-Rate Neglect

Tue, 30 Jan 2024 22:10:20 -0000

This week we’re talking about:

Munger’s final portfolio, Base-Rate Neglect, Pulled Pork - TLS

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QAV #704 Free - Investor Fatigue

Tue, 23 Jan 2024 09:55:00 -0000

On this week’s show:

Retail traders are suffering from fatigue; Lithium and tech stocks crashing; AI means the cost of intelligence will plummet.

Club edition also includes: Why TK keeps his mortgage facility open; Pulled pork on FND.

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QAV #704 Club - Investor Fatigue

Tue, 23 Jan 2024 09:50:00 -0000

On this week’s show:

Retail traders are suffering from fatigue; Lithium and tech stocks crashing; AI means the cost of intelligence will plummet.

Club edition also includes: Why TK keeps his mortgage facility open; Pulled pork on FND. - Lithium and tech stocks crashing;

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QAV #703 Club - The Curse Of Knowledge

Tue, 16 Jan 2024 23:53:20 -0000

Market and portfolio updates, Brent’s secret QAV tweaks which delivered his terrific results, and GNC vs Wheat.

In the Club episode, Pulled pork on Brambles (BXB), STOCKOPEDIA NAPS, the “Curse of Knowledge”, more discussion on Average True Range.

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QAV #703 Free - The Curse Of Knowledge

Tue, 16 Jan 2024 23:52:57 -0000

Market and portfolio updates, Brent’s secret QAV tweaks which delivered his terrific results, and GNC vs Wheat.

In the Club episode, Pulled pork on Brambles (BXB), STOCKOPEDIA NAPS, the “Curse of Knowledge”, more discussion on Average True Range.

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QAV #702 Free - Skill Compensation

Wed, 10 Jan 2024 23:19:16 -0000

TK’s back to talk about: "Santa Claus" rallies, a Pulled pork on Resimac RMC, and using an ATR stop loss.

In our club episode, we're also talking about how to score N/A on Health Stable or Increasing, and What I Learned About Investing from Darwin by Pulak Prasad, WHC & Thermal Coal, Skill Compensation, Dogs of the Dow, and the proposed Woodside/Santos merger.

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QAV #702 Club - Skill Compensation

Wed, 10 Jan 2024 22:49:00 -0000

TK’s back to talk about: "Santa Claus" rallies, WHC & Thermal Coal, Skill Compensation, Dogs of the Dow, the proposed Woodside/Santos merger, a Pulled pork on Resimac RMC, using an ATR stop loss, how to score N/A on Health Stable or Increasing, and What I Learned About Investing from Darwin by Pulak Prasad.

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QAV #701 Club / Free - Happy 2024!

Tue, 02 Jan 2024 05:00:02 -0000

On our first show of 2024, I’m covering how the market and our portfolio ended 2023, adding GEM back to a portfolio, TK has a pulled pork on COF, and I talk to ChatGPT about the role the USD being the world’s reserve currency plays in the strength of the US economy.

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QAV #652 Free - Depressive Realism

Wed, 27 Dec 2023 02:05:54 -0000

On our last episode for 2023, I’m flying solo, but I do have a pre-recorded pulled pork from TK on ERD, and I’m also talking about the sudden falls last week by CLX, MTO, and ASG, as well as the first of Morgan Housel’s “100 LITTLE IDEAS”.

Only in the Club edition: I asked ChatGPT to pick out a couple of highlights from our 2023 podcasts for the recap.

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QAV #652 Club - Depressive Realism

Wed, 27 Dec 2023 02:05:09 -0000

On our last episode for 2023, I’m flying solo, but I do have a pre-recorded pulled pork from TK on ERD. I’m also talking about the sudden falls last week by CLX, MTO, and ASG, the first of Morgan Housel’s “100 LITTLE IDEAS”, and I asked ChatGPT to pick out a couple of highlights from our 2023 podcasts for the recap.

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QAV #651 Free - Happy ASXMAS

Tue, 19 Dec 2023 23:52:00 -0000

On this episode: The AORD is having a good Xmas (so far), STW and AFI above their buy lines, our portfolios are doing well, pulled pork on CXO (Core Lithium)

Club: new Commodity Status history feature, PRN poll, FPR net operating cf, CCP on a tear, talking about REITs, and why BFG is having a run.

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QAV #651 Club - Happy ASXMAS

Tue, 19 Dec 2023 23:25:00 -0000

On this episode: The AORD is having a good Xmas (so far), STW and AFI above their buy lines, our portfolios are doing well, pulled pork on CXO (Core Lithium)

Club: new Commodity Status history feature, PRN poll, FPR net operating cf, CCP on a tear, talking about REITs, and why BFG is having a run.

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QAV 650 Free - Turducken

Wed, 13 Dec 2023 01:19:43 -0000

On this episode we’re discussing Charlie Munger, pulled pork on ING, and if QAV is based on momentum and minimizing losses.

In the club edition only: PRN’s guidance, ATP’s bump, ADT survey results, portfolio updates, RBA rate hold, MMS losing a govt contract, ASX 200 stocks with single-digit P/Es, thoughts about VYS giving their Managing Director an Interest Free loan.

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QAV 650 Club - Turducken

Wed, 13 Dec 2023 01:17:10 -0000

On this episode we’re discussing Charlie Munger, pulled pork on ING, if QAV is based on momentum and minimizing losses.

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QAV 649 Free - Farewell Charlie / Ryan’s Analysis

Tue, 05 Dec 2023 23:03:39 -0000

On this week's episode, I do a farewell to the late, great Charlie Munger, and in the Club episode, TK takes us through the analysis he and Ryan did about Rule 1 and buying from the top or bottom of our list.

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QAV 649 Club - Farewell Charlie / Ryan’s Analysis

Tue, 05 Dec 2023 22:49:56 -0000

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QAV 648 Free

Wed, 29 Nov 2023 01:55:35 -0000

This week we're talking about how we assess management quality, how to invest if you have a lumpy income, a pulled pork on MMS, and (only in the Club edition) Ridley Scott's appalling Napoleon film.

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QAV 648 Club - Management Quality

Wed, 29 Nov 2023 01:53:37 -0000

This week we're talking about how we assess management quality, how to invest if you have a lumpy income, a pulled pork on MMS, and (only in the Club edition) Ridley Scott's appalling Napoleon film.

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QAV #647 Free - The BRHG

Wed, 22 Nov 2023 00:01:15 -0000

This week in the free episode we’re talking about how immigration is driving inflation, last week’s drama with KAR and NTD, how Oil briefly became a sell, breaking down BPT’s revenue from oil, the de-stapling of ABG and ASK.

In the Club episode, we also discuss the CVL pulled pork curse, TK’s thoughts on the ABB SPP, a pulled pork on DGL and Berkshire’s Apple purchases.

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QAV #647 Club - The BRHG

Wed, 22 Nov 2023 00:00:09 -0000

In the Club episode, we also discuss the CVL pulled pork curse, TK’s thoughts on the ABB SPP, a pulled pork on DGL and Berkshire’s Apple purchases.

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QAV #646 Free - One Trick Pony

Tue, 14 Nov 2023 23:41:16 -0000

This episode: Australian income drops, Munger says we need to buy tech stocks, PULLED PORK CVL

Club edition only: ASX historical average 13.2%, Iron ore and China, HESTA fined by ASIC, ANZ's results lead to drop, how to deal with a situation when a buy list stock is in play, Interest rate rise means a change to IV value, MQG did not take an impairment, using Tradingview for commodities, and a refresher on what stocks to sell when you need cash.

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QAV #646 Club - One Trick Pony

Tue, 14 Nov 2023 23:23:27 -0000

This episode: Australian income drops, Munger says we need to buy tech stocks, PULLED PORK CVL

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QAV 645 Free - Punch Drunk

Mon, 06 Nov 2023 23:19:28 -0000

ASX making us feel punch drunk; QAN revolt; MQG profit drop; pulled pork SSM;

Club edition only: JHG delisting; Light Sells analysis; new survey on ADT; SSR down; FPR up; Buffett’s cash pile; RBA meets; cup tips!

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QAV 645 Club - Punch Drunk

Mon, 06 Nov 2023 23:08:18 -0000

ASX making us feel punch drunk; QAN revolt; MQG profit drop; JHG delisting; Light Sells analysis; new survey on ADT; SSR down; FPR up; Buffett’s cash pile; RBA meets; cup tips!

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QAV 644 Free - It Will Be Ended

Wed, 01 Nov 2023 02:26:30 -0000

Commodity updates; FMG red flag status; how share incentive plans work;

In the Club edition:

Pulled pork DTL; what TK looks for when he does a pulled pork.

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QAV 644 Club - It Will Be Ended

Wed, 01 Nov 2023 02:25:28 -0000

Commodity updates; FMG red flag status; how share incentive plans work;

In the Club edition:

Pulled pork DTL; what TK looks for when he does a pulled pork.

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QAV 643 Free - A Technical Correction

Wed, 25 Oct 2023 00:28:22 -0000

We're in a technical correction; staying fully invested; CCP collapse; new 3PTL sells number jumped this week; Pulled pork RRL; the performance of AFI.

In the Club edition only: Is being rich a superpower?; staying enthusiastic during a long downturn; how TK differentiates between quality and value; the value/risks of a concentrated 10 stock portfolio; WWTD if he had cash but a full portfolio?

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QAV 643 Club - A Technical Correction

Wed, 25 Oct 2023 00:26:35 -0000

We're in a technical correction; staying fully invested; CCP collapse; new 3PTL sells number jumped this week; Pulled pork RRL; the performance of AFI.

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QAV 642 Club - Is This Time Really Different?

Wed, 18 Oct 2023 02:05:00 -0000

"This time it really might be different” says Marks; Gold is a buy; Portfolio update by Market Cap; PGH 2BL example; Chuck Feeney died; Joe Aston's final Rear Window; Pulled Pork on PRN; Has TK found a maximum size where a portfolio stops getting 'QAV like returns’?; Imagine the markets were to theoretically close for 10 years…

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QAV 642 Free - Is This Time Really Different?

Wed, 18 Oct 2023 02:02:37 -0000

"This time it really might be different” says Marks; Portfolio update by Market Cap; Pulled Pork on PRN;

In the Club edition, we’re also talking about: Gold is a buy; PGH 2BL example; Chuck Feeney died; Joe Aston's final Rear Window; Has TK found a maximum size where a portfolio stops getting 'QAV like returns’?; Imagine the markets were to theoretically close for 10 years…

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QAV #641 Free - Dumb Money

Wed, 11 Oct 2023 01:31:58 -0000

Red October; Dumb Money v Wall Street; Pulled Pork on SXE; Quality Score vs QAV Score; How TK manages market downturns when leveraged; how TK plans to live off his portfolio in retirement in down years.

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QAV #641 Club - Dumb Money

Wed, 11 Oct 2023 01:29:24 -0000

The RBA holds rates; Israel Gaza and oil; Dumb Money v Wall Street; Joe Aston quits; HVN SD update; Red October; Pulled Pork on SXE; Quality Score vs QAV Score; How TK manages market downturns when leveraged; how TK plans to live off his portfolio in retirement in down years; why was beginning of month chosen for josephines and not a rolling 30 day price; 'value trap' tool; the performance of our personal portfolios for this financial year vs the DP; performance of high v low ADT stocks.

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QAV #640 Free - Chris from Stockopedia

Wed, 04 Oct 2023 03:55:20 -0000

Chris Batchelor from Stockopedia talks to us about how their product can help Australian (and international) investors make better investing decisions.

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QAV #640 Club - Chris from Stockopedia

Wed, 04 Oct 2023 03:54:32 -0000

Chris Batchelor from Stockopedia talks to us about how their product can help Australian (and international) investors make better investing decisions. Then TK and I talk about the market rout, RBA and interest rates, portfolio performance, Woodside and Richard Goyder, the double loop concept in retail, putting Super into housing, Josephine’s and dividends, and the Murdochs.

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QAV #639 Free - Holiday Mode

Tue, 26 Sep 2023 21:37:59 -0000

Portfolio report, pulled pork on KAR.

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QAV #639 Club - Holiday Mode

Tue, 26 Sep 2023 21:35:16 -0000

Rupert’s retirement, YAL PROPCAF update, portfolio report, pulled pork on KAR, using 3PTL with the ASX.

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QAV #638 Free - Gaming The Numbers

Wed, 20 Sep 2023 00:03:47 -0000

This week Tony is talking about why metrics like ROE and ROIC can (and are) gamed, he does a deep dive on WGX, and he talks about borrowing against a mortgage to invest in shares.

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QAV #638 Club - Gaming The Numbers

Wed, 20 Sep 2023 00:01:41 -0000

CAGR reporting, YAL’s PrOpCaF, US Portfolio, SGM market update, Lithium a Sell for PLS, Viva Energy & Vitol, QAN troubles, Mortgage rate change 6.58%, CCP now ex-div, Brisbane catch up, Pulled Pork: WGX, borrowing against a mortgage to invest in shares, ex-dividend and Josephine status, and charting our buy list.

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QAV 637 - Chairman Mabb (ASA) Returns

Tue, 12 Sep 2023 06:23:47 -0000

Steven Mabb, Chairman of the Australian Shareholders Association (and QAV Club member) returns to share his thoughts on proxy votes, QANTAS, Nick Scali, EML, Virgin UK, FMG, REM reports, AGMs, director workloads, auditors becoming board members, the value of independent directors, gender representation on boards, and much more.

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QAV 636 Free - Come On Now

Tue, 05 Sep 2023 10:34:40 -0000

Commodity Updates, Pulled pork on AIZ, Buffett says he could make 50% return per year?

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QAV 636 Club - Come On Now

Tue, 05 Sep 2023 09:21:10 -0000

Commodity Updates, WSI crash, Australia spooks global LNG markets, Buffett says he could make 50% return per year, FMG CFO quits, QAN in a bit of a pickle, Pulled pork on AIZ, are the sins of a former CEO carried forward, and an update from Tony on the use of RENKO charts.

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QAV 635 Free - Sugar Hits

Wed, 30 Aug 2023 00:06:24 -0000

PLS results and crash; the cost of timing the market; great guns; US investors who claim their methodology returns 30% - 60% pa.

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QAV 635 Club - Sugar Hits

Wed, 30 Aug 2023 00:01:35 -0000

Wheat is a sell; FMG is a red flag; PLS results and crash; AFG results and crash; the cost of timing the market; great guns; QAN results; Pulled Pork MAH; where the money goes; beta volatility and QAV; US investors who claim their methodology returns 30% - 60% pa.

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QAV 634 Club - Whitehaven Coal

Wed, 23 Aug 2023 01:17:46 -0000

This week on the show: PRN reports great results and crashes; China’s slowdown; US bond yields; SGM results; Pulled pork WHC; new mortgage rate; TK’s thoughts on Imugene (IMU) and share placements at a significant discount.

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QAV 634 Free - Whitehaven Coal

Wed, 23 Aug 2023 01:16:55 -0000

This week on the show: Pulled pork WHC; TK’s thoughts on Imugene (IMU).

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QAV 633 Free - Baby Bunting

Tue, 15 Aug 2023 23:12:05 -0000

Lowe has new ideas about the RBA, Baby Bunting pulled pork, and problems with Updater’s delisting.

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QAV 633 Club - Baby Bunting

Tue, 15 Aug 2023 23:06:05 -0000

Fitch downgrades the US, Lowe has new ideas about the RBA, NCK beats the pulled pork curse, MYR rebounds, iron ore falls (every October?), Baby Bunting pulled pork, and problems with Updater’s delisting.

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QAV 632 Free - Confidence Is Up/Down!

Tue, 08 Aug 2023 23:33:43 -0000

On the free episode, we discuss MYR's latest results, Tony does a pulled pork on NCK, and Marcus has a question about BBN.

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QAV 632 Club - Confidence Is Up/Down!

Tue, 08 Aug 2023 22:53:41 -0000

The market’s had a rough week, MYR collapses on good results, business confidence is up while consumer confidence is down, coking coal isn’t a sell after all, pulled pork on NCK, possible changes to Rule 1, BBN’s performance, and adding buybacks to the checklist.

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QAV 631 Free - Goodbye, Mr Bond

Tue, 01 Aug 2023 23:38:14 -0000

This week we’re talking about the difference between ETFs and LICs, and we have our interview with listener Brent Sweeney who recently attended the Berkshire Hathaway AGM in Omaha, Nebraska!

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QAV 631 Club - Goodbye, Mr Bond

Tue, 01 Aug 2023 23:37:10 -0000

This week we’re talking about what the CCP and TRS share price movements mean for the economy, the wheat price, the ‘year of the bond’, the difference between ETFs and LICs, and we have our interview with listener Brent Sweeney who recently attended the Berkshire Hathaway AGM in Omaha, Nebraska!

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QAV 630 Free - The Dead Zone

Tue, 25 Jul 2023 23:54:47 -0000

This week in the Free edition we’re talking about why Super Funds suck, why the ASX is in a “dead zone”, the big week of company reporting coming up, and a pulled pork on KSL.

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QAV 630 Club - The Dead Zone

Tue, 25 Jul 2023 23:50:49 -0000

This week in the Club edition we’re talking about movements in Gold and Lithium prices, why Super Funds suck, why the ASX is in a “dead zone”, the big week of company reporting coming up, our Stockopedia trial, a pulled pork on KSL, URW selling down US malls, RIO in recycling push, technical indicators, and what TK thinks about companies with lots of shares held in escrow.

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QAV 629 Free - Keep On Truckin'

Tue, 18 Jul 2023 11:30:01 -0000

BRB / RMS takeover, Pulled Pork on LAU, sell-side vs buy-side analysts.

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QAV 629 Club - Keep On Truckin'

Tue, 18 Jul 2023 11:28:08 -0000

Cameron’s powers of prediction, FMG’s divorce, Bond payouts, what is a RINO, new QAV 3PTL sell alerts, do we get rid of 2BL / JOSEPHINE, Ryan's analysis on 0.1 and ADT levels, Pulled Pork on LAU, the HOPE model, BRB / RMS takeover, sell-side vs buy-side analysts.

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QAV 628 Free - Don't Worry About Debt

Wed, 12 Jul 2023 00:27:00 -0000

LAU is a the new Michael Jordan; selling MQG; URW updates; wheat price confusion; club member results; pulled pork on NZM; investing in companies with high levels of debt or intangibles.

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QAV 628 Club - Don't Worry About Debt

Wed, 12 Jul 2023 00:26:01 -0000

LAU is a the new Michael Jordan; selling MQG; URW updates; wheat price confusion; club member results; pulled pork on NZM; investing in companies with high levels of debt or intangibles.

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QAV 627 Free - Rubberband

Tue, 04 Jul 2023 23:20:52 -0000

We take a question from Alex about how young people might get started in investing, and do a deep dive on URW.

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QAV 627 Club - Rubberband

Tue, 04 Jul 2023 23:19:45 -0000

It’s the end of FY23 and we reveal the QAV portfolio performance as well as our personal portfolio performance and discuss the performance of some QAV Club members. We also take a question from Alex about how young people might get started in investing, discuss the Dogs of the Dow, a pulled pork on URW, and potential changes to Rule 1.

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QAV 626 Free - Is Investing Just Luck?

Tue, 27 Jun 2023 23:34:29 -0000

Someone asks “Is investing just luck?”; Is it time to ban penny stocks from the ASX?; the future of oil; Cosmin’s Rule 1 analysis; URW trading fees; market capitalisation figure for ETFs from Stock Doctor; 1 share trades and algo-trading; DDH takeover offer; the 'R' word is being thrown around.

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QAV 626 Club - Is Investing Just Luck?

Tue, 27 Jun 2023 23:24:22 -0000

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QAV 625 Free - A Good Week!

Tue, 20 Jun 2023 11:09:00 -0000

The AORD had a good week, but will it last? Iron ore is a buy! CCP is a buy! Boards sound alarm on a recession ‘we have to have’; More on the Betashares AAA idea; investors are getting nervous; Pulled Pork: VVA Leisure (VVA); updates on C6C; MLX; URW; CCP.

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QAV 625 Club - A Good Week!

Tue, 20 Jun 2023 11:06:11 -0000

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QAV 624 Free - The Tin Man

Thu, 15 Jun 2023 05:00:00 -0000

On this week’s episode: Tin is a buy, which makes MLX (the subject of Tony’s pulled pork) a buy. BRK is just an oil play as far as we can tell, but Crude Oil just became a sell. We clarify Steve Mabb’s thoughts on using Betashares Australian High Interest Cash ETF (AAA) to park our cash and agree it’s worth a try. Artificial intelligence powers US shares into a bull market, but will it help the AORD? Tony continues to criticise the RBA’s use of interest rates. If DBI is a “bond proxy” should it be on our buy list? C6C dropped by 18% yesterday – we don’t know why, but discuss whether or not there are any Rule 1 fudges.

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QAV 624 Club - The Tin Man

Wed, 14 Jun 2023 01:39:47 -0000

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QAV 623 Free - The RBA Hammer

Tue, 06 Jun 2023 23:04:00 -0000

While we waited for the RBA to raise rates yet again, TK talks about whether or not rates are the solution; builders going bust; ideas for what to do with our portfolio cash; the resignation of the Myer CEO; will DIY investors stay in the market; Navexa reporting issues; CGT positions; a pulled pork on AFG; the buy status of WDS and HZN; and waiting to see what happens with crude oil.

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QAV 623 Club - The RBA Hammer

Tue, 06 Jun 2023 23:01:17 -0000

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QAV 622 Free - Debt Ceiling Blues

Wed, 31 May 2023 01:18:39 -0000

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QAV 622 Club - Debt Ceiling Blues

Wed, 31 May 2023 01:17:49 -0000

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QAV 621 Free - 95% Discipline

Tue, 23 May 2023 23:27:22 -0000

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QAV 621 Club - 95% Discipline

Tue, 23 May 2023 23:26:43 -0000

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QAV 620 free - Don Bradman

Tue, 16 May 2023 23:41:52 -0000

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QAV 620 Club - Don Bradman

Tue, 16 May 2023 23:41:00 -0000

On this episode we talk about interest rate fears continuing to affect the market, PRN’s exposure to commodities, Buffett’s comments on The Intelligent Investor, thoughts about removing Josephines from the buy list, Don Bradman and investing, the Allkem (AKE) merger, a Pulled Pork on QBE, TK’s history with commodity sells, buying banks stocks, value investing article in the AFR, block/brick sizes were used in the Renko tests, does Tony ever check the stocks he holds against what their current QAV Value shows, Tony’s investment in FHE, the new Brettalator, and banks profits vis-a-vis interest rates.

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QAV 619 Free - Other People Doing Dumb Things

Wed, 10 May 2023 00:48:36 -0000

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QAV 619 Club - Other People Doing Dumb Things

Wed, 10 May 2023 00:36:01 -0000

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QAV 618 FREE CLUB - A Chat with GPT4

Tue, 02 May 2023 03:11:00 -0000

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QAV Free 617 - Live From Toronto

Tue, 25 Apr 2023 23:49:31 -0000

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QAV Club 617 - Live From Toronto

Tue, 25 Apr 2023 23:48:44 -0000

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QAV 616 Free - Quick & Dirty & Easy

Tue, 18 Apr 2023 23:26:27 -0000

Copper is a buy but C6C is being sold; Buffett on Bankers; Pulled Pork MIN; Josephine timing; multiple positions and Rule 1; do uptrends continue; LAU new securities issues; investing during foreign conflicts.

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QAV 616 Club - Quick & Dirty & Easy

Tue, 18 Apr 2023 23:25:23 -0000

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QAV 615 Free CLUB - Simon Shepherd, TING

Tue, 11 Apr 2023 02:30:00 -0000

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QAV 614 Free - Viva Las Vegas

Tue, 04 Apr 2023 23:05:47 -0000

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QAV 614 Club - Viva Las Vegas

Tue, 04 Apr 2023 23:04:30 -0000

A short show today as TK is in totally Viva La Vegas and we didn’t have many questions. Portfolio & commodity updates; ALO acquisition; ETF update; pulled pork on RMS; and insights into URW.

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QAV 613 Free Club - Tim Lincoln, Stock Doctor

Tue, 28 Mar 2023 22:23:00 -0000

Today our guest is Co-Founder and Managing Director of the company that produces Stock Doctor - Tim Lincoln. Tim co-founded the company in 1991 with his father Dr. Merv Lincoln and Stock Doctor was launched 6 years later, in 1997. Today, Tim has grown a highly successful financial technology and investment business that includes a growing team of 40 finance professional, thousands of long-term Stock Doctor members and over $800 million invested in their three industry leading Australian and US managed funds.

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QAV 612 Free - The MAXIMS of QAV

Wed, 22 Mar 2023 01:55:23 -0000

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QAV 612 Club - The Maxims of QAV

Wed, 22 Mar 2023 01:49:55 -0000

Lots of selling, not much to buy; The MAXIMS of QAV; RMS makes takeover offer yesterday for BRB; Bank Hybrids wiped out in UBS takeover of Credit Suisse; Banks and trust; Pulled pork : Ooh Media (OML); update on heavy mineral sands products; what to do when you have a commodity sell, but the day you’re going to sell it, the price is going up; the size and danger of ETFs; insights on the lithium/battery market; diversification with corporate bonds; South African corruption.

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QAV 611 Free - Monkeys & Bananas

Wed, 15 Mar 2023 03:46:24 -0000

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QAV 611 Free CLUB - Monkeys & Bananas

Wed, 15 Mar 2023 03:44:00 -0000

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QAV 610 Free

Wed, 08 Mar 2023 01:09:47 -0000

Another RBA rate rise; BRI’s underlying commodity; ASIC sues Mercer Super; GNC maps to bushel prices; LAU & IGL made the S&P All Ordinaries; Gerry Harvey wheels out his old material; Guy Debelle pops up at Super Fund; Solly Lew creeps another 3% up the Myer share register; Mortgage Rate survey sees interest rates back to 6.48%; Alex Hay on WHC ownership movements; Pulled pork on Duratec (DUR); TK’s experiments with selling stocks that are no longer on the buy list; TKs view on the negative market reaction to both CLX and DDH.

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QAV 610 Club

Wed, 08 Mar 2023 01:07:14 -0000

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QAV 609 Free - Just a Few Winners

Tue, 28 Feb 2023 22:57:33 -0000

US inflation drives the ASX down; Wheat is a Josephine; Portfolio is up 16.14%; DP recent trades; Tony’s three life lessons; Ray Dalio existing Bridgewater; Aussie CEOs denying reality; QAN profit; Super changes; Berkshire Report; Mortgage rate drop to 6.45%; pulled pork on COH; CCP results; is QAV a zero sum game; WHC shareholders; XTE's results.

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QAV 609 Club - Just a Few Winners

Tue, 28 Feb 2023 22:56:53 -0000

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QAV 607 Free - Denial

Wed, 22 Feb 2023 01:54:16 -0000

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QAV 608 Club - Denial

Wed, 22 Feb 2023 01:31:00 -0000

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QAV 607 Free - Dow Theory

Tue, 14 Feb 2023 22:44:09 -0000

Portfolio updates; Market’s had a rough week; Thermal Coal Sell line; CDM shouldn’t be on the buy list; Yields rose as Lowe, traders lunched; RBA raises rates; Seven in potential merger with HT&E; Elon Musk sat with Rupert Murdoch at the Superbowl; Pulled Pork is FBU; U.S. v AUS short-term capital gains; why TK holds FHE; what criteria Tony follows to justify adding to an existing position; Where we are currently in terms of Dow Theory; MEA buyback announcement

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QAV 607 CLUB - Dow Theory

Tue, 14 Feb 2023 22:42:50 -0000

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QAV 606 Free - The FOMO Rally

Wed, 08 Feb 2023 00:31:44 -0000

Portfolio Updates, commodity updates , NCM takeove, WHC coal breakdown, RBA to lift rates, the FOMO rally, Pulled Pork on NCK, R1 trigger on commodities, a tighter sell line for MYR, What time of day does TK buy and sell, fudging AMP’s sell line, penny stocks and Rule 1, WDS commodity breakdown, and After Hours (which you don’t have to listen to if you don’t want to!).

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QAV 606 Club - The FOMO Rally

Wed, 08 Feb 2023 00:25:15 -0000

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QAV 605 Club - A Wet Barnbougle

Wed, 01 Feb 2023 04:03:20 -0000

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QAV #605 free - A Wet Barnbougle

Wed, 01 Feb 2023 03:59:55 -0000

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QAV #604 Club - The Classy Gentleman

Tue, 24 Jan 2023 23:54:44 -0000

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QAV #604 Free - The Classy Gentleman

Tue, 24 Jan 2023 23:54:07 -0000

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QAV #603 Free - Lithium Lovers

Tue, 17 Jan 2023 23:06:40 -0000

Updates on commodities and our portfolios; Collins St Value Fund performance vs the DP; FMG has 2 finance departures; Mortgage rate survey now 6.5%; Magic Millions horse sales setting new record; QAVvers and fees saved; confession season; the lithium lovers are alive and kicking; using a home loan redraw; Terracom’s (TER) involvement in the investigation into potential fraud; CRN CEO’s retirement; Is TK fully invested?

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QAV #603 Club - Lithium Lovers

Tue, 17 Jan 2023 23:05:53 -0000

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QAV #602 - Budgie Smugglers (free)

Wed, 11 Jan 2023 03:44:20 -0000

Munger turns 99, Commodity updates, Portfolio updates, commodity status on buy list, Pulled Pork on VUK, Brent’s returns, TK’s new year resolutions, AMPs situation re Dexus, FMG exodus, buying stocks when their sell line is above the rule 1

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QAV #602 CLUB - Budgie Smugglers

Wed, 11 Jan 2023 03:42:00 -0000

Munger turns 99, Commodity updates, Portfolio updates, commodity status on buy list, Pulled Pork on VUK, Brent’s returns, TK’s new year resolutions, AMPs situation re Dexus,

FMG exodus, buying stocks when their sell line is above the rule 1

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QAV #601 - Best Of The Early Interviews

Thu, 05 Jan 2023 05:18:02 -0000

As TK is still on vacation, I went over our interviews from the first years of the show (2019-2020) and created this compilation of some interesting tidbits. I hope you enjoy it. The guests are:

Steve Sammartino
Roger Montgomery
Nicholas Gruen
Tobias Carlisle
Michael Goldberg

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#551 Free CLUB - Alert But Not Alarmed

Wed, 28 Dec 2022 00:03:00 -0000

In this final episode for 2022, I'm actually going back to early 2020 and taking a look at how Tony managed the COVID crash. It's something TK suggested a while back, because it's a good study / reminder on how he thinks in times of market uncertainty.

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QAV 550 Club - The Pulled Pork Kibosh Test

Tue, 20 Dec 2022 10:37:06 -0000

It's that time of the year when I give TK a break and put together a couple of compilations from the year that was. This time I decided to put to the test the idea that Tony's Pulled Pork put the kibosh on stocks. Is that true? Let's find out.

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QAV 549 Free - Windy and Wet

Tue, 13 Dec 2022 23:39:00 -0000

RBA and rates, Coal, Iron Ore and Gold are all buys, Portfolio update, bank dividends, Clough collapse and BPT, Pulled pork AGG, trailing stop losses, inflationary pressures, how TK comes up with hurdle rates, C6C selling it’s Australian assets, IRR v CAGR, share buybacks, how to get to Berkshire’s 2023 AGM. Blackstone to limit redemption requests, the impact of the gas price cap.

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QAV 549 CLUB - Windy and Wet

Tue, 13 Dec 2022 22:46:00 -0000

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QAV #548 FREE CLUB - Todd Barlow, Washington H. Soul Pattinson & Company Ltd

Sun, 04 Dec 2022 22:56:00 -0000

Today we chat with Todd Barlow, CEO of Washington H. Soul Pattinson & Company Ltd about the investment strategy behind their impressive returns.

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QAV #547 Free - Crystal Balls

Tue, 29 Nov 2022 23:18:00 -0000

TK’s historical returns; Pulled Pork kibosh on GNG; SKT consolidation; SGM - Iron and Steel Scrap; Buffett explains his $750 million charitable donation; RBA taking a lot of heat; beware annualised figures; Portfolio update; QAN upgrades again; CLX Upgrades; Fixed loan rates; $250k deposit guarantee; Pulled Pork on DDH

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QAV #547 Club - Crystal Balls

Tue, 29 Nov 2022 22:54:00 -0000

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QAV 546 Free - Retrospective Investing

Wed, 23 Nov 2022 00:26:00 -0000

Oil is a sell; Is WDS a sell?; Retrospective investing; Iron Ore Doomscrolling; Portfolio update; Selfwealth update; Pulled Pork S32; Stock Doctor filters fixed; MLX is tin; dividends contributions; share investing vs property investing returns.

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QAV 546 Club - Retrospective Investing

Wed, 23 Nov 2022 00:17:00 -0000

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QAV 545 Free - Price v Value

Wed, 16 Nov 2022 02:55:00 -0000

Melbourne get together; The Bitcoin valuation model; Fake Twitter crashes LLY; Light v Club; FTX/ SBF in AFR; Brettalator beta; portfolio update; The mortgage rate; Nickel is a buy; QAV Stocks in the news; Australian banking’s Mr Clean; Pulled pork Self Wealth; What the hell are futures markets exactly; Coal Bunko Chart update; IMA Image Resources

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QAV Club 545 - Price v Value

Wed, 16 Nov 2022 02:43:00 -0000

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QAV 544 Free - Follow The Recipe

Wed, 09 Nov 2022 03:14:00 -0000

The Dismal Science; gold is a buy; portfolio is killing it (too good?); what to do if your performance sucks; ‘loss-aversion’ bias; NHC buy back; CRN ends talks with Peabody; New month, new alerts; Pulled Pork - DBI; what to do when there’s a big gap between Buyers and Sellers; Rule#1 Clarification.

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QAV 544 Club - Follow The Recipe

Wed, 09 Nov 2022 03:06:00 -0000

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