Is diversification overrated? Why Alphabet wins? Should you invest 100% overseas?
Australian Investors Podcast
Hearts & Minds Picks Signal Value Rotation
They summarise the Sohn/Hearts & Minds conference trend toward industrial and cyclical stock picks over tech.
Here's the uncomfortable truth: The ASX has delivered mediocre returns compared to US markets over the past decade. CBA and CSL - Australia's two biggest companies - are in freefall with a five-day market bloodbath. Banks and miners dominate our index.
Meanwhile, rumours are swirling that Warren Buffett's Berkshire Hathaway has bought into Alphabet (Google). Why? Search dominance. YouTube's advertising empire. Cloud growth. AI infrastructure leadership. Alphabet represents everything the ASX isn't: tech-forward, globally dominant, and diversified across multiple revenue streams.
So the big questions: Is diversification overrated? Should Aussie investors just dump the ASX entirely and invest 100% overseas?
In this Australian Investors Podcast episode, Owen Rask and Drew Meredith tackle the biggest portfolio construction debates. They break down the Berkshire-Alphabet purchase, explain why Google is the best of the Magnificent 7, and debate whether concentration in quality companies beats traditional diversification strategies.
They also explore home country bias, currency exposure, tax implications, and whether the S&P 500's dominance makes holding ASX stocks pointless for long-term wealth creation.
Plus: DroneShield's CEO has completely exited as the selloff deepens. The Sohn Investment Conference has embraced old-school value investing with picks like senior living facilities and steel manufacturers. And the Future Fund's $261 billion portfolio is buying gold and ditching bonds amid "permacrisis" warnings.
Only 1% of Australian active funds are beating growth benchmarks. Value investing is making a comeback. Owen and Drew connect all the dots.
If you like this Australian Investors Podcast episode, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.
Is diversification overrated? - Concentration vs diversification in modern portfolios
Did Berkshire buy Alphabet? - Why Buffett might be betting on Google
Why Alphabet is the best Mag 7 - Search, YouTube, Cloud, AI infrastructure dominance
Should Aussies invest 100% overseas? - ASX underperformance vs S&P 500 success
DroneShield CEO exits completely - What deepening insider selling means
Sohn Conference goes value - Old-school picks replace growth darlings
ASX 5-day meltdown - Why CBA and CSL crashes show structural problems
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DISCLAIMER:
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg
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