WiseTech raided, CSL tanks 16% & revealing our best stock on the market
Australian Investors Podcast
Can you be too diversified?
The hosts argue you can be over-diversified, discuss concentration benefits, and suggest appropriate diversification by life stage.
Two former ASX darlings just had their worst day in years. WiseTech shares plunged 15.9% after the AFP raided offices over alleged insider trading by founder Richard White. CSL also crashed 15.9%, wiping out $40 billion in value over two months after downgrading earnings and shelving its vaccine spin-off.
In this Australian Investors Podcast episode, Owen Rask, Chief Investment Officer of Rask Invest, and Drew Meredith, Director of Wattle Partners, dissect whether these crashes are buying opportunities or serious red flags.
They also tackle the uranium boom (up 74%!), reveal their biggest winners of 2025, share their #1 stock picks right now, and answer whether you can be too diversified. Remember who predicted the uranium surge at our Rask Live event? This one's aged well.
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.
Topics covered
– WiseTech AFP raid – Buying opportunity or knife-catching disaster?
– CSL crashes 16% – $40B wipeout and what went wrong
– Uranium ETFs surge 74% – Someone called it at Rask Live
– 19 ASX stocks doubled in 2025 – highest level in 6 years
– Black swan stock pick – If you could only buy one stock forever
– Can you be too diversified? – Portfolio construction mistakes
– Our #1 stock on the market right now – Drew and Owen reveal their top picks
Chapters (approximate)
(00:00) Introduction
(03:56) KKR stock
(06:36) Will AI replace Drew?
(08:35) Amazon corporate job cuts
(10:17) Drew's favourite business right now
(11:34) WiseTech (ASX:WTC)
(14:51) CSL (ASX:CSL)
(22:03) WiseTech (ASX:WTC)
(28:29) Domino's Pizza (NASDAQ: DPZ)
(34:44) Over & Under
(38:12) Microsoft nuclear power plant
(43:31) Guy Debelle private credit article
(45:50) Listener questions
(46:45) One stock - long term
(48:36) WiseTech, buy or red flag?
(50:26) Bonds or offset account?
(51:34) Can you be too diversified?
(57:13) Drew's Dad Joke
Resources for this episode
– AFR article on ASX stocks rallying 100%
– Ask a question (select the Investors podcast)
– Visit TermPlus to learn more
Rask Resources
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TikTok: @rask.invest
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):
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