Australian Investors Podcast

Private credit has moved from an institutional niche into the portfolios of everyday investors seeking income and lower volatility. But higher income is not free: investors are paid to accept illiquidity, manager risk and the possibility that redemptions are limited when everyone wants out at once.

In this episode of the Australian Investors Podcast, Owen Rask sits down with Nehemiah Richardson, CEO of Pengana Credit, to unpack how corporate private credit works and what investors should understand before committing their money.

Nehemiah explains why manager selection matters when loans cannot be traded every day, how...

My guest for this week’s 2 Sense episode on The Australian Investors Podcast is Andrew Page, founder of Strawman - Australia’s #1 small cap investment community. Andrew is a very well known commentator, investor and all round good person.

I consider him to be one of the best investors I’ve ever met, and personally consider him in my top three in Australia. So I’m delighted to welcome him back to the show.

Today we’ll cover three really interesting topics: small caps in Australia, the failed IPO of Firmus, and something I’ve been want...

Can AI make a business more productive — and less profitable? In episode three of The Business Stack of the Future on the Australian Investors Podcast, Owen Rask explores the pricing reset behind AI and the unit economics investors need to understand. If a tool helps four people do the work of ten, charging per user could mean less revenue even while customers get more value.

Owen explains the difference between paying for a seat, usage, credits and an outcome, and why a resolved customer inquiry is not the same as a chatbot attempt. Using a simple example, he...

This episode is a special recording, taken live from Her Wealth Her Way II in Sydney, and features Scott Phillips, CIO of The Motley Fool, and Jess Leung, Portfolio Manager at Global X, alongside Owen Rask.

Questions are thrown live from the room, and include:

1. The trio's best and worst (dumbest) investments.

2. How to get started with investing

3. Scott's Firmus update

4. The most expensive emotion in investing

And a few laughs!

Thanks for listening.

Warning: this podcast contains general financial advice only. It...

Rewind episode: Sometimes the most useful investing lesson is not another spreadsheet. In this Australian Investors Podcast replay, Owen Rask revisits his conversation with money coach Karen Eley about financial IQ—what you know about money—and financial EQ—how you think, feel and behave when decisions get uncomfortable. The original conversation first appeared on 24 November 2025.

Karen explains why understanding diversification, risk and superannuation matters, but knowledge alone does not stop fear, avoidance or an old money story from driving a decision. Together, she and Owen explore how emotional habits can shape spending, investing and even the way co...

In this Australian Investors Podcast conversation, Owen Rask speaks with Dean Price of Washington H. Soul Pattinson about Electro Optic Systems (ASX: EOS) and NexGen Energy (ASX: NXG).

Dean takes us inside Soul Patts’ relationship with EOS: a small initial equity stake, years spent learning the business, and a cash crunch that called for a different kind of support. They discuss why a loan facility, rather than a heavily dilutive share issue, mattered to the company and its existing shareholders—and what it reveals about investing as a long-term partner.

The conversation then turns to NexG...

Matt Joass, CFA is the Founder and Chief Investment Officer of Maven Funds Management, an Australian funds management business specialising in investing in fast-growing small and medium-sized companies.

Episode resources

– Speak with the Rask Advice team

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Show partner resources

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Building wealth is not just about finding the next winning share or ETF. The bigger driver of long-term returns is how your entire portfolio is constructed—and whether every holding has a clear job.

In this episode of the Australian Investors Podcast, Owen Rask and James Phelan explain how strategic asset allocation connects your goals, time horizon and appetite for risk with a practical mix of shares, bonds, cash, property and alternatives.

They unpack why smart investors still end up with overlapping ETFs, concentrated positions and “collector’s portfolios” filled with investments they no longer understa...

Vanguard, iShares, Betashares, SPDR, Global X, VanEck...

Speak with the Rask Advice team. This Australian Investors Podcast episode with Owen Rask and James Phelan tackles a simple problem: You must buy 1 ASX ETF for: – 2026 – 2036 – 2046 And the catch? Your ASX ETFs must not be a boring index ETF. Sectors, themes, active and rules-based ETFs only! In addition to picking 6 ASX ETFs and detailing their bull case, Owen and James answer questions like: 1. When did Tony Hawk first complete a 900? 2. Does the Treasury Intergenerational Report mean we're all stuffed? 3. Is a company or trust structure better for in...

What if some of the biggest opportunities in artificial intelligence sit beyond the obvious mega-cap technology names?

In this episode of the Australian Investors Podcast, Owen Rask speaks with Arelis Agosto, Director of Research & Strategy at Global X, about thematic investing and the structural megatrends reshaping markets over the next 10 to 15 years.

Arelis explains why the AI boom differs from the dot-com bubble, including the revenue growth already emerging across the ecosystem. They trace the expected $6.7 trillion AI infrastructure buildout through data centres, semiconductors, networking, cooling and energy, before exploring the supply constraints that could...

In this Australian Investors Podcast episode, Owen Rask sits down with Justin Lin from Global X for the final instalment of the portfolio construction series, this time focusing on the most misunderstood sleeve in many portfolios: alternatives.

Justin explains what actually makes an asset \"alternative\", why correlation alone is not enough, and why the best alternative assets have genuinely different performance drivers to shares and bonds. They explore the role of gold, broad commodities and cryptocurrencies, and how these assets can either diversify a portfolio, provide liquidity during market stress, or act more like higher-risk force multipliers...

John Addis is the Founder of IntelligentInvestor, a brilliant writer, thinker and entrepreneur. John Addis's lessons are deep and vast, making this Australian Investors Podcast episode with Owen Rask oh-so special.

You'll L-O-V-E this episode if you love value investing, how to live an alternative life with meaning and purpose, the pitfalls of founding a company, Warren Buffett, what makes most great investors great writers, daily rituals to live by, and more.

John Addis podcast talking points

In this Australian Investors Podcast episode, Owen Rask sits down with Marc Jocum from Global X for episode five of the portfolio construction series, this time taking an inversion approach: instead of focusing on the perfect ETF portfolio, they unpack what not to do.

Marc explains why investors so often start in the wrong place by chasing trailing returns in growth ETFs or headline yield in income ETFs. He argues that the better starting point is always what sits under the hood: the earnings growth, the income source, the concentration, the index methodology and the actual role...

In this episode of the Australian Investors Podcast, Owen Rask speaks with Jon Stahl from Salesforce about how AI agents are moving beyond answering questions and starting to complete real work inside businesses.

Jon explains the difference between a chatbot and an agent, including how agents can reason through multistep tasks, call tools and APIs, update business systems and retain useful context. He shares where the technology is already creating value across customer service, software development, research, order management and commerce.

The conversation also tackles the controls businesses need before giving an AI agent meaningful...

In this Australian Investors Podcast episode, Owen Rask explores why the business stack of the future may be changing investing faster than most markets really appreciate today.

Starting with Stripe’s 2025 annual letter, Owen breaks down four business clocks now speeding up at once: how fast companies can build, distribute, monetise and scale. He explains why APIs, cloud software, AI tools and global payments infrastructure are compressing the path from idea to paying customer.

This is not just an AI hype story. Owen looks at what faster growth means for investors, including why power-law winners ma...

The Australian Investors Podcast host Owen Raszkiewicz and financial planner James Phelan (Co-Head of Advice at Rask Advice) discuss the major structural debate: Family Trusts vs. Holding Companies.

Click here to get advice.

They break down the latest discretionary trust tax changes proposed by Treasurer Jim Chalmers, explaining how the exposure draft legislation affects bucket companies and why trusts might not escape a stamp duty hit.

They also share their thoughts on OpenAI's Astra, evaluate whether government bonds are finally attractive again after the...

In this Australian Investors Podcast episode, Owen Rask sits down with Jess Leung from Global X for episode four of the portfolio construction series, this time focusing on the advanced mechanics that shape how a portfolio actually behaves through time.

Jess explains why professional portfolio management is really about managing risk, not chasing returns, and unpacks the key ideas many investors hear but rarely understand clearly: volatility, drawdowns, correlation, Sharpe ratios and the trade-offs that sit behind them. Rather than turning it into a maths lesson, she gives investors a practical framework for thinking about how a...

In this Australian Investors Podcast episode, Owen Rask puts Drew Meredith on the spot with a rapid-fire challenge: name the retirement mistakes Australians keep making before they quietly cost serious money. What follows is a practical checklist covering longevity risk, inflation, poor diversification, not reviewing super often enough, taking the wrong level of risk, carrying debt for too long, missing pension opportunities, overthinking aged care and even helping adult kids more than your plan can afford.

From there, the conversation widens into the market issues shaping retirement portfolios right now. Owen and Drew unpack what higher bond...

In this Australian Investors Podcast episode, Owen Rask sits down with Andrew Parsons, chief investment officer and founding member of Resolution Capital, to unpack a market many Australians overlook: listed property and real assets.

Andrew explains why so many investors feel comfortable with residential property but get stuck when the conversation shifts to REITs, commercial real estate and infrastructure. He breaks down what listed property actually is, why liquidity matters more than most people realise, and how investors can think differently about income, volatility and long-term wealth creation.

The conversation explores the real differences between...

In this Australian Investors Podcast episode, Owen Rask sits down with Marc Jocum from Global X for episode three of the portfolio construction series, this time focusing on income: what it is, where it comes from, and why most investors start in the wrong place.

Marc explains why income investing should begin with goals, not yield. Whether you are nearing retirement, supplementing your salary or funding a future expense, the job of an income portfolio changes depending on what you actually need it to do. From there, he breaks down the different engines that can produce income...

In this Australian Investors Podcast episode, Owen Rask and Drew Meredith dive into the busiest stretch of reporting season and ask what the latest results are actually telling investors. From Woolworths and Coles to WiseTech, GQG, Netwealth, Hub24, Zip and Magellan, the conversation stays focused on the difference between short-term noise and real business quality.

They start with Woolworths, where the surprisingly powerful Ooshies campaign opens a broader discussion about pricing power, digital execution and why big incumbents can still surprise the market. That naturally leads into Coles, before Owen and Drew unpack WiseTech's latest result, the...

In this Australian Investors Podcast episode, Owen Rask sits down with Stephen Arnold from Aoris to unpack a timeless investing idea that often gets lost in noisy markets: a share is not a trade, it is part-ownership of a business.

Stephen explains how his early career in credit, global investing and business analysis shaped the Aoris philosophy, and why quality, durability and valuation discipline still sit at the centre of his process. He and Owen explore what it really means to think like an owner, why a concentrated portfolio can still be sensible when the underlying businesses...

Owen Rask and Drew Meredith break down the WiseTech Global (ASX: WTC) ACCC raid, Moderna’s (NASDAQ: MRNA) extraordinary cancer vaccine breakthrough, and the latest ASX reporting season results from Pro Medicus (ASX:PME), CSL Ltd (ASX:CSL), Challenger (ASX:CGF) and XRF Scientific (ASX:XRF). WiseTech Global (ASX: WTC) shares plunged after the Australian Competition and Consumer Commission (ACCC) executed a search warrant at the logistics software giant as part of an investigation into alleged competition law breaches. Meanwhile, in the US, Moderna (NASDAQ: MRNA) shares exploded higher after Moderna and Merck announced positive Phase 3 results for their pe...

In this Australian Investors Podcast episode, Owen Rask sits down with Billy Leung from Global X for episode two of the portfolio construction series, this time focusing on the part of investing that attracts the most attention: growth.

Billy explains why the first decision is not picking a hot ETF but understanding asset allocation, equity exposure and where growth actually comes from. He unpacks why Australian investors can end up too concentrated at home, why the local market behaves differently to global markets, and why sectors that reinvest for compounding can look very different from sectors built...

In this episode of Australian Investors Podcast, Owen Rask sits down with Mark Jones from Resolution Capital to unpack why listed infrastructure may be one of the most compelling risk-adjusted opportunities in markets right now.

Mark explains what global listed infrastructure actually includes, why the best assets tend to have pricing power, long lives and high earnings visibility, and why that matters when uncertainty is rising. The conversation breaks down how professional investors separate true infrastructure from lookalikes, why active management can matter more in a finite universe, and how investors should think about inflation protection, portfolio...

In this Australian Investors Podcast episode, Owen Rask sits down with Jason Kotchoff, founder of Stocklight, to unpack one of the hardest parts of investing: understanding how news actually moves share prices.

From ASX announcements and continuous disclosure to US SEC filings and the EDGAR system, this conversation explains how information reaches the market, why some updates send stocks higher, and why "good" news can still trigger a sell-off.

Owen and Jason walk through real examples including DroneShield, Megaport and NextDC, showing how price-sensitive announcements are flagged, how directors' trades can shape investor sentiment, and...

In this Australian Investors Podcast episode, Owen Rask sits down with Jess Leung from Global X to kick off a six-part portfolio construction series by tackling the question most ETF investors skip too quickly: what should a good portfolio actually look like from day one?

Jess explains why a portfolio should be treated as a system, not a collection of random ideas, and why every ETF needs a job to do. They unpack the difference between a core portfolio and satellite positions, why asset allocation matters more than obsessing over tiny ETF differences, and how investors can...

In this week's LIVE 2 Sense, Owen and Drew pull back the curtain on what is really driving growth in modern financial advice businesses.

With markets pushing back towards all-time highs, the conversation starts with the mood investors are feeling right now, then quickly moves into a deeper topic: how content, education and trust are reshaping the advice industry in Australia. Owen and Drew unpack how Wattle Partners has grown, why Rask has spent years building an audience-first business, and what both founders have learned about scaling without losing focus.

They also get into one of...

In this Australian Investors Podcast episode, Owen Rask sits down with Cam McIntyre, CEO of REA Group, to unpack how one of Australia's most important technology businesses thinks about property, platform scale and AI.

Cam explains what it was like stepping from carsales into REA, why the business still sees big runway beyond residential listings, and which numbers matter most inside the company. They discuss traffic, listing volumes, financial services leads and why REA believes its brand, customer relationships and decades of data still create a hard-to-copy advantage.

The conversation then turns to AI. Cam...

In this Australian Investors Podcast episode, Owen Rask and Drew Meredith work through one of those weeks where macro nerves and stock-specific stories collide.

They start with a rapid-fire buy, hold or sell segment on Apple, Micron and NAB, then zoom out to what falling home loan demand, sticky inflation and fragile consumer sentiment might mean for Australia. The discussion gets into why higher rates are hitting confidence as much as cash flow, why house-price weakness matters for spending, and how investors should think about the gap between headlines and what is actually happening in the economy.<...

In this Australian Investors Podcast episode, Owen Rask sits down with Adam Myers to unpack one of the biggest shifts in modern investing: more of the value in the world’s best companies is now being created before they ever reach the stock market. Using SpaceX, OpenAI, Anthropic, Databricks, Canva and Waymo as examples, they explore why private markets matter more than ever for investors trying to understand where long-term wealth is really being built.

Adam explains why retail investors rarely get direct access to these deals, how large institutions and well-connected allocators tend to dominate the be...

In this episode of Australian Investors Podcast, Owen Rask and Drew Meredith kick off with a rapid-fire buy, hold or sell and then work through the stories investors are actually debating right now.

They unpack OpenAI's reported hardware move, why Anthropic and cheaper rivals are putting pressure on AI economics, and what recent TSMC and Samsung results tell us about the chip boom, capital expenditure and the risk of paying up for hype. They also revisit Netflix, ask whether a beaten-down quality business can still be a buy, and look at what booming investment-banking numbers from JPMorgan...

In this episode of Australian Investors Podcast, Owen Rask sits down with Brandon van der Kolk, the creator behind New Money and author of New Money Strategy, to unpack how a former physio built one of Australia’s biggest investing channels and what he has learned from nearly a decade of teaching people about money online.

Brandon explains why he rebranded from Aussie Wealth Creation to New Money, how YouTube rewards trust and evergreen content, and why relying only on AdSense leaves creators without a moat. He also shares the investing framework that shaped his work, drawing on...

In this live episode of Australian Investors Podcast, Owen Rask teams up with James Phelan to unpack the tax and wealth changes investors are trying to make sense of right now. Recorded in front of a live audience at Ultra Meetup, this conversation cuts through the headlines and focuses on what actually matters if you own property, invest through a trust, or are weighing up shares, super and debt.

Owen and James break down the proposed changes to family trusts and bucket companies, why negative gearing and capital gains tax have become such a flashpoint, and how...

In this Australian Investors Podcast episode, Owen Rask sits down with Hayden Smith, CTO at Pearler, for a practical masterclass on what AI actually is, why it matters for investors, and where the real money may be made across the supply chain.

Rather than stopping at ChatGPT headlines, Owen and Hayden break the theme into layers: transformers, data centres, GPUs, memory, networking, cooling, electricity and the raw materials that keep the whole machine running. They explain why AI is not one stock or one app, but a chain of businesses that stretches from software giants like OpenAI...

In this Australian Investors Podcast episode, host Owen Rask is joined by Ryan Joyce, Deputy Portfolio Manager at Magellan Investment Partners, for a deep dive into S&P Global Inc (NYSE: SPGI).

S&P Global is one of those companies investors interact with constantly, often without realising it. If you follow the S&P 500, compare an Australian fund to the S&P/ASX 200, look at a company’s credit rating, use financial data through S&P Global Market Intelligence, or rely on commodity pricing benchmarks, you have probably touched part of S&P Global’s ecosystem.

Ry...

In this episode of the Australian Investors Podcast, Owen Rask sits down with Michael Bell, CIO at Solaris Investment Management, for a practical conversation about how professional investors think when they are putting real capital to work.

From the outside, fund management can sound like hot tips and big macro calls. Michael explains why the reality is usually much more disciplined: process, patience, risk management and the ability to stay focused on business quality when markets are noisy. The conversation unpacks what active investing is meant to achieve, how portfolio decisions are weighed, and why good investors...

In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith tackle one of the biggest questions in markets right now: if Micron and Sandisk are wobbling, has the AI trade gone too far, or is the market simply shifting where the real profits sit?

They break down the latest sell-off in AI hardware names, why memory chips and data-centre narratives can look unstoppable right up until margins crack, and why the software layer may still capture more long-term value than the hardware beneath it.

Closer to home, they unpack why the ASX...

In this episode of Australian Investors Podcast, Owen Rask sits down with Jaki Virtue, Chief Operating Officer of Washington H. Soul Pattinson, for a rare look inside one of Australia’s most closely watched investment companies. Jaki explains how a business with only about 55 staff can still oversee a large and growing portfolio, and why culture, systems and clarity matter just as much as capital allocation.

The conversation starts with Jaki’s backstory, from an adventurous family and an unconventional schooling experience through to investment banking, business management and eventually becoming the inaugural COO of an ASX 50 comp...

In this episode of the Australian Investors Podcast, Owen Rask is joined by Ben Richards and Luke Laretive from Seneca Financial Solutions for the final instalment of the Small Cap Playbook series.

Instead of another stock-pick list, the conversation turns to Ben’s development as an investor and the lessons he has learned working alongside Luke. They unpack eight ideas that matter in small-cap investing: offer value first, learn who to listen to, question the prevailing narrative, accept that you are wrong until the market proves you right, understand the plumbing of markets, focus on what matters, fi...