Ending November 14 2025
Video Overview
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THIS IS VERY IMPORTANT
Commodities remain the place to be for long term investors. Emerging markets are also relatively cheap.
Short Stories
- Denmark lags and leads the revolution? Germany it's about cars and communications.
- Buffett Bows Out.
- Aussie Hot Property. And hot labour market. Westpac lifting mortgage rates.
The Oz Economy
Australians are more positive about the future. But there are differences depending on who owns what.
The RBA Deputy Governor less so.
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Meanwhile Oz property just wont stop...........
This is something we have recently raised on the podcast. Often trouble strikes because financial regulators are unable to regulate some sectors like the Non Bank Financial Institutions. Risk grows systemically until an event triggers a negative cascading effect.
Lesson of the Week
The Master of Habit and Discipline
Buffett's fairytale end would be a market crash with Berkshire holding over $400 billion in cash. He gets a final hurrah by deploying the cash to compound over the long term thus cementing his legacy as the greatest investor the world has ever seen.
Our 3 Greatest Buffett Lessons
- Keep it Simple: in all manner of things, look for simple not complex. Since 1958, he has lived in the same house. 80 years of the same investment philosophy. Never waiver.
- Compounding: It takes time and patience. Use the geometic average (not the arithmetic average) as a way to understand time. Patience is keeping busy doing something else.
- Value not price: Knowing the price is easy, knowing the value is difficult. So do the maths: numbers (objective) will inform you more than narratives (subjective). Have a margin of safety in all things.
The TMM Podcast
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