Ending November 21 2025
Video Overview
|
THIS IS VERY IMPORTANT
This example is why we warn against investing too much in individual companies. Droneshield causing volatility with insider selling. Watch these companies because they are small, growth oriented and experience huge volatility.
 |
Short Stories
- Immigration is changing. UK feeling the heat.
- Property Problems?
- Trump Trouble?
The Oz Economy
This one issue highlights what we think is a continuation of the return of old industries. These old industries play a strategic role in military hardware and so it is beholden on government to maintain their operations regardless of cost.
Some positive expectations for the ASX over the next decade. We too believe the ASX should outperform many developed markets and some emerging ones.
 |
Private credit in Australia is worrying regulators. They should be.
 |
Lesson of the Week
Howard Marks: “When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE.” Today, the market sits at a 25x P/E. Add inflation… and your “returns” are negative.
The TMM Podcast
Wherever you get your podcasts
The Signals & Noise Premium
Want to dive deeper, but not straight into a 1-1 course?
Access stock reviews, sector breakdowns, and portfolio insights shared exclusively with members.
What you'll get
- Monthly Live Coaching Calls with Steve, Tom and Jacob covering the investments and strategies we are looking at
- Weekly ETF and stock reviews
- Extended “S&N” editions
- Early access to new content
- Priority Q&A in the community or podcast
- Access to hours of Mini-Courses & Quick Guides in our portal
- Macro insights and sector scorecards
- Over two years of recorded coaching calls to see what worked
- Receive diversification insights, risk notes, and simple action points
Upgrade to Signals & Noise Premium – $9.99 per week to unlock it.
This post is for paying subscribers only
Already have an account? Log in
