There will only ever be one Warren Buffett. But two companies are looking to copy the Berkshire Hathaway playbook.

In today's episode we run an eye over both companies - Markel Group (NYSE: MKL) and Fairfax Financial Holdings (TSE: FFH) - and consider how they stack up against the original Berkshire.

That's not all we unpack in another big episode of Equity Mates:

• The latest in the US-China trade war
• Trump's latest focus on pharmaceuticals
• Update on Bryce's latest stock pick: TransMedics (NASDAQ: TMDX)
• A deep dive on Markel Group (NYSE: MKL) and Fairfax Financial Holdings (TSE: FFH)
• Bryce's latest efforts to turn $500 into $5,000

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Want to get involved in the podcast? Record a voice note or send us a message

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Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing - we’ve got you covered.

• Check out the Equity Mates TikTok
• Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)

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Looking for some of our favourite research tools?

• Download our free 4-step stock checklist
• Find company information on TIKR
• Screen the market with GuruFocus
• Research reports from Good Research
• Track your portfolio with Sharesight

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In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

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Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

The 60/40 portfolio has been a bedrock of portfolio construction since Harry Markowitz developed it in the 1950s. Today's guest thinks we need to update our thinking.

Daniel Kelly is the Chief Investment Officer of Viola Private Wealth.

In today's episode we discuss:

• Navigating this volatile moment in markets
• Capitalising on market downturns
• Updated rules of portfolio construction
• Manager selection and red flags
• Trends in new funds coming to market

Interested in speaking to the team at Viola Private Wealth or another of our hand-picked financial advisers? Fill out the form on our website and we'll match you with one of our advisers.

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Want to get involved in the podcast? Record a voice note or send us a message

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Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing - we’ve got you covered.

We’re particularly excited to share our latest show: Basis Points

• Listen to the podcast (Apple | Spotify)
• Watch on YouTube
• Read the monthly email

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Looking for some of our favourite research tools?

• Download our free 4-step stock checklist
• Find company information on TIKR
• Screen the market with GuruFocus
• Research reports from Good Research
• Track your portfolio with Sharesight

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

—------

Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

Tony Crescenzi is an Executive Vice President at PIMCO, a multi-trillion dollar fixed income investor.

Joining us from New York, Tony shares with us:

• How Tony sees tariffs impacting markets
• How, despite the worries, he believes the US market will hit all-time highs next year
• Why we need to pay attention to the world's changing monetary order
• Where PIMCO sees opportunity in today's market
• How retail investors can access fixed income opportunities

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Thank you to PIMCO for sponsoring this episode and helping us keep all of our content free.

PIMCO have launched a range of new Cboe-listed ETFs in Australia:

• Global Bond Active ETF (PGBF),
• Australian Bond Active ETF (PAUS),
• Diversified Fixed Interest Active ETF (PDFI),
• Global Credit Active ETF (PCRD)

Learn more on the PIMCO website.

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Want to get involved in the podcast? Record a voice note or send us a message

—------

Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)

—------

Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing - we’ve got you covered.

—------

Looking for some of our favourite research tools?

• Find company information on TIKR
• Screen the market with GuruFocus
• Research reports from Good Research
• Track your portfolio with Sharesight

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

—------

Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

The US stock market had its longest winning streak since 2004. That was not a sentence we expected to write after the past month in markets.

The S&P 500 went higher 9 days in a row. Something it hadn't done for 21 years. Here's hoping you stuck to your long-term investing plan and didn't try and time the market on Trump's tariffs 'will they-won't they',

We unpack what it all means and where it could go from here on another big episode of Equity Mates:

• Earnings season continues in the US and Big Tech is killing it
• Apple and Amazon are the latest Big Tech companies to beat Wall Street expectations
• Tesla's sales numbers crash in Australia
• Reddit's earnings call round trip
• Warren Buffett has announced his retirement
• Our biggest lessons from the greatest investor of all time
• We share our favourite investing tools and resources

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Want to get involved in the podcast? Record a voice note or send us a message

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Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)

And if you're a financial professional, make sure you're subscribed to the Basis Points email.

—------

Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing - we’ve got you covered.

—------

Looking for some of our favourite research tools?

• Find company information on TIKR
• Screen the market with GuruFocus
• Research reports from Good Research
• Track your portfolio with Sharesight

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

—------

Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

For today's episode of Buy or Sell, Adam Keily is joined by William Mumford, Deputy Portfolio Manager at Auscap Asset Management.

Here are some of the names Adam and Will cover in today's episode:

• Resmed
• CSL
• Nick Scali
• CAR group
• Seek
• Reliance Worldwide
• BHP
• Rio Tinto
• Commonwealth Bank
• HomeCo Daily Needs REIT

And if you want to hear more from Adam Keily, make sure you check our Comedian v Economist (Apple | Spotify).

• In Comedian v Economist, Adam is joined by his brother Thomas, a former RBA economist, to break down the macroeconomic stories of the week.
• In their most recent episode they spoke about Trump's tariffs on Liberation Day, the latest jobs data, what falling liquor sales can tell us about the economy and the collapse in the market for second-hand Teslas.

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Sign up to our daily news email to get the news moving markets delivered to your inbox at 6am every weekday morning. Short, sharp, to the point, it'll get you up to speed in less than 5 minutes.

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Want more Equity Mates?

• Listen to our basics-of-investing podcast: Get Started Investing (Apple | Spotify)
• Watch Equity Mates on YouTube
• Pick up our books: Get Started Investing and Don’t Stress, Just Invest
• Follow us on social media: Instagram, TikTok, & LinkedIn

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In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

—------

Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

The Reserve Bank of Australia next meets on 20 May, but one major Australian bank already believes an interest rate cut is "locked in".

Tune in to today's episode to find out which bank and why they think it is so certain.

That's not all we unpack in another big episode of Equity Mates:

• Earnings season continues in the US and Big Tech is delivering
• Meta beat analyst estimates but there's one number we think they're fudging
• The latest news on Australian inflation
• Matt Ingram returns for the latest edition of Pimp my Portfolio

Want to speak to Matt or another of our hand-picked financial advisers? Fill out the form on our website and we'll put you in touch.

—------

Want to get involved in the podcast? Record a voice note or send us a message

—------

Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)

And if you're a financial professional, make sure you're subscribed to the Basis Points email.

—------

Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing - we’ve got you covered.

—------

Looking for some of our favourite research tools?

• Find company information on TIKR
• Screen the market with GuruFocus
• Research reports from Good Research
• Track your portfolio with Sharesight

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

—------

Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.

There's opportunity in Aussie smalls. That is the message from today's guest.

Will Granger is the Portfolio Manager of the Airlie Small Companies Fund.

In today's interview we unpack:

• Will's investment process and how he separates signal from noise
• What he thinks will matter long-term from this moment
• Why he's loving the opportunity set in Aussie small caps at the moment
• Two stocks that he owns in the fund: GenTrack and Nick Scali

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Thank you to Airlie Funds Management for sponsoring this episode and helping us keep all of our content free.

If you would like to find out more about Will's Small Companies Fund, check out their website.

—------

Want to get involved in the podcast? Record a voice note or send us a message

—------

Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)

—------

Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing - we’ve got you covered.

—------

Looking for some of our favourite research tools?

• Find company information on TIKR
• Screen the market with GuruFocus
• Research reports from Good Research
• Track your portfolio with Sharesight

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

—------

Equity Mates Investing is a product of Equity Mates Media.

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.