What are the best businesses? The answer to that question is “monopolies” and investors need to ask whether the current crop of artificial intelligence (AI)-driven large language models (LLM’s) and the suppliers of their chips, storage and energy need have the monopoly characteristics they assumed.

Yesterday, I joined Ausbiz to discuss market trends, noting that while disinflation and economic growth provide support, tightening liquidity could impact small caps this year. I highlighted real estate as an opportunity, where temporary setbacks, like the REA Group (ASX:REA) CEO’s resignation, may offer buying chances. Looking ahead, U. S.

Last night, I joined Phil Clark on ABC Nightlife to talk about the growing calls for a market correction and why I don’t see the signs of a bubble.

Yesterday morning, I joined Paul Turton on ABC Newcastle to discuss U. S. President Trump’s newly imposed tariffs – 25 per cent on Mexico and Canada, 10 per cent on China, and their impact on inflation, interest rates, and global markets.

In my latest article for Firstlinks, I unpack a fundamental question: why do investors react differently to market fluctuations when they own a listed company versus a private business? If a private enterprise consistently grows its profits, owners dismiss lowball offers. Yet in public markets, investors often panic over short-term price movements, even when the business is thriving.