Australian Finance Podcast Lessons from Peter Lynch, Charlie Munger and Warren Buffett – Q&A
Sep 25, 2025
Mitchell Sneddon, Head of Funds at Rask and co-host of the Australian Investor Podcast, shares invaluable insights on investing. He explains the concept of franking credits and their benefits, demystifies ETF management fees, and discusses what annual fees look like on an $800,000 portfolio. For beginners, he highlights the need for financial advice and suggests practical first steps to start investing. The episode also dives into wisdom from investing legends Peter Lynch, Charlie Munger, and Warren Buffett, making it a must-listen for aspiring investors.
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US Trip: Meetings And Private Equity Insights
- Mitchell visited US fund managers and a finance festival where he met many industry professionals and recorded podcasts with guests.
- He found a private equity firm that invests in secondary stakes and learned through conversations about their approach and experiences.
Worst Private Equity Bet: An F1 Team
- At a dinner with a private equity CEO, Mitchell asked about their worst investment and learned it was buying a Formula One team that failed.
- The example illustrated that even experienced managers make surprising, high-cost mistakes.
How Franking Credits Work
- Franking credits are tax credits attached to dividends that prevent double taxation of company profits distributed to shareholders.
- Retirees who pay little or no personal tax can receive franking credits as cash, making Australian dividends comparatively generous.
