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Week ending May 15th 2026
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On Monday, CSL fell 16% in a single day. The stock now sits at $120, down from $290 in 2025. That is a 57% loss in twelve months for one of the most loved blue-chips on the ASX. A decade of gains, gone.
The fund m...
May 16, 2026
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Week ending May 8th 2026
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"It's time in the market, not timing the market." You have heard it a thousand times. It is the most repeated piece of advice in the financial industry. It is also, on the current numbers, demonstrably wrong.
The S...
May 08, 2026
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Week ending May 1st 2026
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The era of free markets is ending. Governments are no longer standing back and letting the private sector lead. They are picking winners, punishing losers...
May 01, 2026
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Week ending 24th April
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The ceasefire was extended but Iran refuses to talk. The Strait of Hormuz remains closed. Oil is above $96. NAB now puts the chance of recession at 45%, essentially a coin flip. And Cochlear lost 40.7% in a single ...
Apr 24, 2026
The Signals and Noise
Ending April 17, 2026
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This week's free edition covers the Members Message in full, including the Stanley Drukenmiller story on groupthink and what it means for how you approach expensive markets right now.
We a...
Apr 18, 2026
The Signals and Noise
Ending April 10, 2026
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We’re looking at a market being pushed around by headlines, geopolitics, and sharp swings in sentiment, but underneath the noise, the bigger message remains the same.
In this week’s editio...
Apr 10, 2026
The Signals and Noise Newsletter
Ending April 3, 2026
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Let's talk about hedging.
If you listen to the finance industry you should always focus on the long term (without saying why) and ignore short term fluctuations. But short term or current events can seriously impact your portfolio.Â
For example, let's say the markets falls...
Apr 03, 2026
The Signals and Noise
Ending March 27, 2026
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We have fielded a few questions lately on Woodside regarding when and how much to rebalance after its swift rise from around $20 to the current price around $34.You can think about this with our other winners (rare earths and coal stocks).Â
Two parts of the profit - the...
Mar 28, 2026
The Signals and Noise
Ending March 20, 2026
The Members MessageÂ
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Let's Get Technical
We have mentioned previously that we introduced some simple techncial analysis (TA) into our systematic approach given current circumstances with the US CAPE around 40. Â
There are many TA signals and tools an investor can use, but ...
Mar 20, 2026
The Signals and Noise
Ending March 13, 2026
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With a war raging in the Middle East, there will be plenty of speculation, predictions and guessing over the next 3-6 months.
If the past 2 weeks is anything to go by, there are 100 theories about what is happening, 100 about what Trump's strategy is...
Mar 13, 2026
The Signals and Noise
Ending March 6, 2026
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In the Australian investment landscape, a recent property boom has created a generation of investors who are "overly bullish" on real estate .  Conversely, stock market enthusiasts point to the historical reality that markets trend upward over the lon...
Mar 08, 2026
The Signals and Noise
Ending February 27, 2026
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The Members MessageÂ
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Bull or Bear - We Don’t Care
One of the questions we received from the Masterclass was are we bullish or bearish? It depends. Bullish or bearish on what and over what timeframe?
Most of us inhabit the present and so we tend to think in terms of wh...
Feb 27, 2026
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