The property game, and the framework behind our own portfolio | Signals and Noise Premium, July 31
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This week's podcast: The Property Game Is Over, on why two decades of leveraged one way bets on Australian housing look to be finished. It ties straight into this week's Oz economy chapter, where prices and rents are now falling together. Full episode and the weekly video review are both in the issue.
Also in this issue:
- The full anti-fragile portfolio framework: fragile, robust and anti-fragile holdings, the Mediocristan and Extremistan split, path dependence, and how we actually build a portfolio that gains from disorder
- Three points of friction: the quiet back channel talks, the US ban on Chinese robots and Musk's own supply chain decoupling, and Korea's textbook bubble in full
- The Oz economy: a refinery decision that signals the end of hands off government, and a new 6% savings rate
- The CAPE instrument panel at 41.3
Landing Monday: our new series, The Anti-Fragile Investor. The show notes are ready now, ahead of the episode, so you can read the framework before you hit play.
Read this week's issue.
Your monthly coaching call with Steve, Tom and Jacob is on the standing Zoom link, same as always.
Steve, Tom & Jacob
Total Money Management
This email is for informational purposes only and does not constitute financial advice. Total Money Management | AFSL 568642
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