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          <time datetime="2025-10-21T11:55:09+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 21, 2025 11:55</time>
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              “The world has gone mad”: Marcus Padley goes 100% cash
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The S&amp;P 500 is on fire, Big Tech is about to report... and Marcus has left the building. “The stock market has become a dangerous place.”
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          <time datetime="2025-10-21T11:34:25+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 21, 2025 11:34</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>$100 trillion plus: the alt investment offering generational <span class="whitespace-nowrap">growth<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Infrastructure is offering a generational investment opportunity and Ares is making the most of it. 
</div>

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        Livewire Markets
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          <div class="sm:flex-grow">
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              Investment cycles – what are they and why you need to be aware of them
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Understanding how markets fluctuate and how long-term cycles play out is key to success. 
</div>

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        AMP
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          <div class="sm:flex-grow">
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              The need for unconventional oil
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  We review the role of the US shale industry in the energy transition, and identify one Australian company playing a crucial role.
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              The canary in the gold mine
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  Commenting on all asset classes soaring to record highs, I explore the bizarre flood of liquidity into gold and growth assets simultaneously
</div>

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        Msquared Capital
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          <div class="sm:flex-grow">
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              Three Australian small caps growing market share
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  In the wake of the recent Australian reporting season, three Australian small-cap stocks across three very different sectors stand out for the strong long-term growth...
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        IML
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              Stocks enter the &#39;nervous nineties&#39;
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Cricket lovers know it as the nervous nineties. It’s the point where a batsman approaches a century, and the stakes suddenly seem a lot higher. Getting from 90 to 100...
</div>

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        Fidelity International
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              Gold, AI and Bitcoin show the &quot;picks and shovels&quot; trade never fails
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Stellar performance for the alternative assets has still seen them outpaced by adjacent trades.
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              U.S. - China trade tensions: From complacency to concern
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  Over recent weeks, tensions between the United States and China have intensified, culminating in the U.S. threatening to impose an additional 100% tariff on Chinese...
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Gold is not a bubble. But unregulated retail herding is concerning
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Gold&#39;s rally is being driven by tiny gyrations in the US treasury market. But unregulated coin and bar sales could spell longer-term trouble
</div>

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              Oil and gas: the Warren Buffett trade
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  It’s no secret that Buffett is wary of today’s lofty valuations, yet there’s still one area gaining his attention: Traditional Energy
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        Fat Tail Investment Research
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          <time datetime="2025-10-17T15:57:06+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 17, 2025 15:57</time>
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              Morgans&#39; preferred ASX sectors
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Investors need to be disciplined with stock selection. Here are the sectors that we are looking for opportunities.
</div>

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        Morgans Financial
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          <time datetime="2025-10-17T14:26:38+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 17, 2025 14:26</time>
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              The M&amp;A catalyst driving sustained re-rates for 3 ASX small caps
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  Smart bolt-on deals are driving quick re-rates. Here&#39;s what JIN, NWH and CCL have in common and why it matters.
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</a>      </div>
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Jumbo Interactive Ltd</div>
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</div>

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    </div>
  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="NWH" data-controller="event" data-event-name-value="link_click" data-event-id-value="63995" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-nwh">
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>
  <div class="flex items-center gap-2">
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">NRW Holdings Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:NWH</div>
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</a>    <div class="px-4 mt-0.5">
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            Followed by<span class="font-bold text-gray-700"> 81 </span>people
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      +1
</a></div>

        </div>
        <div class="pt-4 pb-4 lg:pb-2 hidden sm:block">
          <div class="flex gap-2">
    <div data-controller="tooltip">
  <a aria-label="CCL" data-controller="event" data-event-name-value="link_click" data-event-id-value="63995" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-ccl">
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Cuscal Ltd</div>
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            Followed by<span class="font-bold text-gray-700"> 115 </span>people
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          <div 
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  </div>
</div>

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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="JIN" data-controller="event" data-event-name-value="link_click" data-event-id-value="63995" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-jin">
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  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Jumbo Interactive Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:JIN</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-1068">
            Followed by<span class="font-bold text-gray-700"> 138 </span>people
        </div>
          <div 
  class="follow-stock-code-1068-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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></div>

      </div>
    </div>
  </div>
</div>

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      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="NWH" data-controller="event" data-event-name-value="link_click" data-event-id-value="63995" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-nwh">
    <div
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">NWH</span>
  </div>
</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="1431" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-nwh">
      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">NRW Holdings Ltd</div>
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        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-1431">
            Followed by<span class="font-bold text-gray-700"> 81 </span>people
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          <div 
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  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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      </div>
    </div>
  </div>
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      <div class="border-6 border-tooltipDownArrowLight"></div>
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        Livewire Markets
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          <time datetime="2025-10-17T13:11:03+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 17, 2025 13:11</time>
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          <div class="sm:flex-grow">
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              Private credit sector review: where ASIC may focus
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  ASIC is currently reviewing the private credit sector. We consider areas of potential concern that may invite increased scrutiny, and why.
</div>

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</a>      </div>
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      <div>
        Rixon Capital
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  </div>
</div>

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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/the-rules-of-investing">The Rules of Investing</a>

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          <time datetime="2025-10-17T13:00:13+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 17, 2025 13:00</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Magellan&#39;s value picks as sentiment <span class="whitespace-nowrap">soars<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" id="embed_podcast" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Head of Global Equities Arvid Streimann on staying disciplined when optimism peaks and defensives get ignored.
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              AI versus the dotcom bubble: 8 reasons the AI wave is different
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  After investing through multiple technology cycles, we believe AI’s unique dynamics distinguish it from the dotcom era.
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