Two former ASX darlings just had their worst day in years. WiseTech shares plunged 15.9% after the AFP raided offices over alleged insider trading by founder Richard White. CSL also crashed 15.9%, wiping out $40 billion in value over two months after downgrading earnings and shelving its vaccine spin-off.

In this Australian Investors Podcast episode, Owen Rask, Chief Investment Officer of Rask Invest, and Drew Meredith, Director of Wattle Partners, dissect whether these crashes are buying opportunities or serious red flags.

They also tackle the uranium boom (up 74%!), reveal their biggest winners of 2025, share their #1 stock picks right now, and answer whether you can be too diversified. Remember who predicted the uranium surge at our Rask Live event? This one's aged well.

If you like this Australian Investors Podcast episode, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Topics covered

– WiseTech AFP raid – Buying opportunity or knife-catching disaster?

– CSL crashes 16% – $40B wipeout and what went wrong

– Uranium ETFs surge 74% – Someone called it at Rask Live

– 19 ASX stocks doubled in 2025 – highest level in 6 years

– Black swan stock pick – If you could only buy one stock forever

– Can you be too diversified? – Portfolio construction mistakes

– Our #1 stock on the market right now – Drew and Owen reveal their top picks

Chapters (approximate)

(00:00) Introduction

(03:56) KKR stock

(06:36) Will AI replace Drew?

(08:35) Amazon corporate job cuts

(10:17) Drew's favourite business right now

(11:34) WiseTech (ASX:WTC)

(14:51) CSL (ASX:CSL)

(22:03) WiseTech (ASX:WTC)

(28:29) Domino's Pizza (NASDAQ: DPZ)

(34:44) Over & Under

(38:12) Microsoft nuclear power plant

(43:31) Guy Debelle private credit article

(45:50) Listener questions

(46:45) One stock - long term

(48:36) WiseTech, buy or red flag?

(50:26) Bonds or offset account?

(51:34) Can you be too diversified?

(57:13) Drew's Dad Joke

Resources for this episode

– AFR article on ASX stocks rallying 100%

– Australian Finance Podcast

– Ask a question (select the Investors podcast)

– Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

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DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

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In this Australian Investors Podcast episode, your host Owen Rask chats with Scott Carmichael of Escala Partners about:

- Ask a question (select the Investors podcast)

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Rask Resources

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In this Australian Investors Podcast episode, your host Owen Rask chats with Sarah Nolet and Matthew Pryor:

– How big Australia’s ag opportunity really is (55% of land mass in agriculture; ~$3.6t farmland; ~$100b farm-gate output; ~$16b profit)

– Tenacious Ventures’ OCP framework for evaluating deals and portfolio construction (incl. 40/60 follow-on reserves)

– Deep tech over pure software and why “digitally native ag” doesn’t just mean SaaS

– Case studies: SwarmFarm Robotics (robots at scale), GoTerra (decentralised insect waste), Orthodic (lignin-based coating), plus Jupiter Ionics & Embryo

If you love learning about agtech & venture investing, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

Follow us on Instagram and TikTok for more investing insights.

Topics Covered

– Australia’s agri-food scale and why small efficiency gains matter for returns

– The OCP (Opportunity–Company–Partnership) lens & portfolio pacing (40% initial, 60% follow-on)

– Sourcing founders via content and a tight early-stage ecosystem across AU/NZ

– Deep tech in ag: atoms & molecules, pure bits; avoiding the Silicon Valley “over-fund & rush” trap

– SwarmFarm’s path from prototypes to robots per week & 10.5m acres covered

– GoTerra’s decentralised waste “platform” and council use cases

– Orthodic’s wax-replacement coating leveraging existing infrastructure (no capex-heavy plants)

– Fund 1 sizes, typical rounds & who can invest (wholesale/sophisticated)

– Final thoughts on climate resilience, farmer adoption & retaining customers once value is proven

Resources for this episode

Ask a question (select the Investors podcast)

Tenacious website

Did Silicon Valley kill AgTech?

Tenacious Portfolio

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

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In this Australian Investors Podcast episode Owen Rask and Drew Meredith dive into the gold price collapse, Tesla's results and global small cap ETFs.

Q1 - Keen to hear your thoughts on the ETF QSML, do you think it’s a decent way for the average investor to get some small-cap diversification?

- Buy Gemma’s book “The Money Reset”

Show partner resources

- Join Pearler using code “RASK” for $15 of Pearler Credit

- Get 50% off your first two months using PocketSmith

- View Betashares range of funds

Rask Resources

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Jump back to 2021 and Neuren Pharmaceuticals Ltd (ASX: NEU) share price consistently traded around $1.50 and occasionally breached $2. Within three years it would hit a high of $25 a share. NEU received FDA approval for a drug called Trofenetide, a drug which treats a rare syndrome called Rett Syndrome. With a drug on the shelves in the US, NEU now has the cashflows to self-fund the next leg of growth.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask sits down with David Gardner (co-founder of The Motley Fool and author of Rule Breaker Investing) to discuss:

– Beating the market vs indexing

– The “lose to win” philosophy and position sizing

– The six traits of rule-breaker companies

– Conscious capitalism, purpose and culture

If you love learning about growth investing and finding outliers, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

Follow us on Instagram and TikTok for more investing insights.

Topics Covered

– Beating the market: why David still believes individuals can outperform and why most don’t try

– Lose to win: accepting frequent small losses to capture rare, massive winners (Babe Ruth analogy)

– Six rule-breaker traits: top dog & first mover, sustainable edge, strong price action, leadership/backers, brand love, and “overvalued” narratives

– Final thoughts & how to learn more: AI’s role in research (not a reason to quit stock picking) and making portfolios reflect our best vision for our future

Chapters (approximate)

(00:00) Introduction

(03:55) The Optimistic Investor: David Gardner's Journey

(07:42) The Power of Stock Picking: A Historical Perspective

(11:41) The Art of Writing: Crafting a Book on Investing

(27:06) Embracing Loss: Lessons from Babe Ruth and Investing

(37:00) The Six Traits of Rule Breaker Stocks

(42:27) Traits of Rule Breaker Companies: A Deep Dive

(46:40) The Importance of Overvaluation in Stock Selection

(47:51) Learning from Past Mistakes: The Yahoo Experience

(49:46) Identifying Top Dogs: The Case of Tesla

(58:46) The Role of Consumer Experience in Investing

(1:03:58) Conscious Capitalism: Merging Profit with Purpose

(1:09:38) The Future of AI in Investing

(1:17:59) Long-Term Thinking in Investing

Resources for this episode

Ask a question (select the Investors podcast)

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, Owen Rask and Drew Meredith dive into Tesla Inc (NASDAQ: TSLA), WiseTech Global Ltd (ASX:WTC) and Pro Medicus Ltd (ASX:PME) and whether, or not, it's time to buy.

If you like high growth investing, or stocks in general, you'll get the names and analysis of:

- Tesla

- Pro Medicus

- WiseTech

- Gold ETFs (and gold in general)

- Trump's plan for Gaza

- The impact of BHP Group Ltd (ASX:BHP) selling in Chinese Yuan (and NOT US dollars)

- Washington H. Soul Pattinson & Co. Ltd (ASX: SOL) and more

If you like this Australian Investors Podcast episode on rapid-growth companies, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Questions answered today

What are your thoughts on the new range of ETFs Avantis has bought to Australia? - Prado@BeachHouse

SOL PATTS is down 14% in a month, is this just some profit taking after the recent Brickworks merger or am I missing something else going on here? - Sell my SOL?

Since Owen's bet, Wisetech's share price has gone backwards. Is he still confident in the company breaking the top 20 and winning the cash? - Dicky White

How often are derivatives used by investors and are there any ETFs that involve them? - Free the bird

Resources for this episode

- Free trial to advanced stock valuation tools (used by Owen): Tikr.com/rask

- Ask a question (select the Investors podcast): https://bit.ly/R-quest 

-Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask is joined by Marc Jocum to discuss:

– Why ASX returns may not repeat the 13% long-run average

– The role of income vs growth in portfolios

– ETF strategies like A300, ZYAU and AYLD

– Why valuations, CAPE ratios and global diversification matter

If you love learning about valuations, ETFs, and smart long-term investing, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

Follow us on Instagram and TikTok for more investing insights.

In this episode we cover:

– Why historical ASX returns (13%) may not repeat going forward

– Understanding income vs growth in today’s market

– ETFs explained: A300, ZYAU, AYLD, and GARP

– How to manage behaviour, psychology and optimism in investing

Resources for this episode

Ask a question (select the Investors podcast)

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Investors Podcast episode, your host Owen Rask talks with Joe Magyer about:

– Why Joe launched Seaplane Ventures and the edge of a solo GP

– Transitioning from public markets to early-stage venture

– How to read unit economics and spot real network effects early

– AI’s impact on venture and today’s warmer but selective market

If you love learning about venture capital, SaaS and network effects, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

Follow us on Instagram and TikTok for more investing insights.

Topics Covered

– Seaplane Ventures 101: motivation, fund structure and why Austin helps but isn’t everything

– Process to “yes”: sourcing, diligence checklists, founder fit, reference calls and valuation context

– The market now: post-2021 reset, AI-led momentum and where competition still bites (allocations)

– Final thoughts & how to learn more: why pre-seed/seed remain attractive and where craftsmanship still wins

Show partner resources

Ask a question (select the Investors podcast)

Visit TermPlus to learn more

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

Are Fortescue Metals Group Ltd (ASX:FMG) shares worth the punt? In this Australian Investors Podcast episode, Owen Rask, Chief Investment Officer of Rask Invest, speaks with Drew Meredith, Director of Wattle Partners.

If you invest in ETFs or stocks, you'll love this episode because the fellas answer questions on investment strategy, feature some of the ASX's top quality companies and review their $10,000 portfolios.

If you like this Australian Investors Podcast episode, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Topics covered today:

– Owen returns from Double Bay

– Fortescue Metals Group Ltd (ASX: FMG) deep dive

– CBOE approved for Australian IPOs

– GOLD is crushing it - why?!

– OpenAI is now a $US500 million private company

– Q: Is it worth investing in US stocks with a Pty Ltd holding structure?

– Q: How to build a 10-property portfolio

– Q: Are geared ETFs like Betashares GGBL and Betashares GHHF a no brainer?

Chapters (approximate)

(00:00) Introduction

(08:34) Fortescue ASX:FMG

(15:03) Bullish – Fortescue

(21:42) Cboe Global Markets

(25:32) ASX Shares

(29:33) Gold (Hedged)

(36:39) HMC Capital ASX:HMC

(39:02) OpenAI

(43:59) Tax, Franking & Dividient, PTY LTD

(50:00) Investment Properties

(55:41) Geared funds

(1:03:01) Drew's Dad Joke

Resources for this episode

Australian Finance Podcast

Ask a question (select the Investors podcast)

David Gardner's Rule Breaker Investing book

Show partner resources

Rask Resources

All services

Financial Planning

Invest with us

Access Show Notes

Ask a question

We love feedback!

Follow us on social media:

Instagram: @rask.invest

TikTok: @rask.invest

DISCLAIMER:

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG):

https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices