Celebrating episode #1,000. May 1, 2026

“The market always climbs a wall of worry. There's always something going on. There's always a very good reason to sell down and walk away. And yet and yet, you know, here we are with with all of the craziness that's happened in the last ten years. We're essentially record highs.”

“Particularly in finance and economics, it behooves you to to consider certain things with a skeptical eye. If for no other reason than history shows you that actually experts are wrong all the time in this space. More often than not, they're off, and more often than not, they're off by a lot.”

“What always strikes me, like, it slaps you across the face whenever you might be googling, you know, a company or you wanna wanna find out some information. You find an old article like an AFR or Australian business from five or ten years ago. And the thing that you always notice is the most urgent, oh gosh. This is happening kind of screaming headline. How irrelevant it is. Like, we all know this.”

“I said, we should have another term. When the market is up 10%, we should call it an upreaction, which just sounds so wrong. I mean, my 16 year old boy just giggling. Like, it sounds wrong. But I'm not sure why, Andrew.”

“RBA projection numbers suggest by 2027, we'll be at 2011 levels. We've had a lost seventeen years. That is just an indictment.”

“I would say that the the only test of economic progress is that we, on average, as a society, are getting more stuff for less work. Or better stuff, or the same stuff but working less for it. If that is not true, what's the bloody point?”