Total Money Management

Episode 160 comes to you from another undisclosed location (air conditioned this time, so less sweat). Steve and Jacob make a public commitment: the TMM book is coming. Working title, Financial Fibs. It pulls together what Steve has learnt over 26 years of investing, what the finance industry tells you, and what the evidence actually shows. They walk through the big themes: why “you can’t time the...

Steve and Jacob on a gloomier IMF, Brazil’s election sell-off, who really gets paid when rates rise, why starting valuations matter most, and a listener question on Indonesia. Join Signals & Noise free: totalmoneymanagement.com.au/newsletters/the-signals-noise-newsletter This podcast is for informational purposes only and does not constitute financial advice. Total Money Management | AFSL 5686...

It's a rainy Thursday and the world's still on fire. Steve and Jacob start with the mood out there: two wars joining up, a US midterm only days away, and why leaders like Hawke, Reagan and Howard shaped how people coped in tough times. Steve also touches on the Enneagram Type 8 leadership style. If you want to find out your own investor personality type, take the assessment here: totalmone...

Reports of a plague in Russia, Europe and China in a trade standoff, and the Middle East pulling in more players. Then the question we get most: how do you invest when the CAPE is 42? Steve, Tom and Jacob look at Australia's recession risk, government deficits and falling Gold Coast rents. They finish on timeframe, volatility and action, and why buy and hold is not the only way to be long term...

Steve and Tom are flying without Jacob this week, covering the week ending 16 October 2026. They open with the French supermarket chain whose freezers went from minus five to fifty degrees, blamed on a cyber attack and actually caused by software nobody bothered to update, then the Norwegian army’s Hertz hire cars and what the data trail says about how little of modern life we actually control. Fr...

The RBA has raised rates again, property owners are weighing whether to sell, and a listener is rebalancing heifers. Against that backdrop, Jacob and Steve go through a risk hierarchy special. They start with how the industry defines risk (volatility and age-based risk tolerance) and ask whether that definition holds up. From there they work through Bessembinder's research: a tiny share of US...

Is Australia exposed to a diesel supply shock? Why does Greenland matter to the US military? And are AI companies actually making money? In this week's Signals & Noise (week ending 25 September), we cover the Donroe Doctrine, oil price swings and Strait of Hormuz rumours, rising memory chip costs, and why the AI business model faces a compute problem. We also look at why markets spend roug...

Gold Coast broker Joel from Sunshine Finance joins Steve and Jacob to talk about the risks he sees on the lending front line, from property developments to private credit offers promising big returns. Joel comes from a construction background and says no before he says yes. He explains why commercial and asset finance rates move differently to home loans, why property development is riskier than i...

Masterclass link: https://www.totalmoneymanagement.com.au/Webinar-Anti-Fragile 25 years since 9/11, and the Middle East is heating up again. Steve and Jacob break down the Houthi attacks on Saudi Arabia, Iran's economic squeeze, and oil pushing toward $100 a barrel, then dig into why avoiding big drawdowns matters more than chasing the top, with CAPE sitting at 42 and Taleb's black swan le...

FREE WEBINAR LINK: https://www.totalmoneymanagement.com.au/Webinar-Anti-Fragile?cid=7c7b1153-bccd-4fad-aef2-c3812804fe4a This week Steve, Tom and Jacob open with three headlines that are more connected than they look: Iran calling for resolution under the weight of sanctions and inflation, the link between immigration and wage suppression in Australia, and house prices falling across every capital...

150 episodes. Over three years of cutting through the noise together. To mark it, Steve, Tom and Jacob run through this week's biggest stories: new US sanctions on Iran and what they mean for oil, why Australia's fuel security is more fragile than the export numbers suggest, the real story behind US bond yields, and the US-Canada tariff standoff. They also dig into why private credit keeps...

This week Steve, Jacob and Tom cover the shifting global order, why America is pulling back from being the world's policeman, and what that means for trade, tariffs and geopolitics. They also break down new bank lending data out of China, the risks building up in private credit and AI infrastructure financing, and why they remain cautious on the sector despite the hype. Closer to home, the guy...

Part 2 of the Anti-Fragile Investor. Steve Moriarty and Jacob Senior move from theory to practice, walking through Taleb's six operational principles, the barbell strategy, and why volatility drag makes one bad year worse than most investors realise. With CAPE at 42.5, the goal isn't to predict the next crash, it's to build a portfolio that benefits when one arrives. Companion paper: J...

Oil is swinging wildly as tensions in the Strait of Hormuz escalate and Trump pushes for a deal. A $116 million crypto hack just hit cold storage wallets across 5,200 addresses. And a 25 year old "genius" fund manager just got wiped out after leveraging 40x into AI stocks, a case study in exactly what Buffett warned about decades ago. This week Steve, Tom and Jacob break down what's...

Markets can go sideways for ten or fifteen years. The CAPE ratio sits at 42. Global debt is stretched, and retail investors are piling into property, Bitcoin, and leveraged ETFs. So what happens next, and how do you position for it? In this special two-part episode, Steve Moriarty and Jacob Senior lay out an investment philosophy built to work through the entire market cycle, not just the good yea...

Oil just jumped 20% in a fortnight, the US market is priced for perfection, and Australian property looks like it has finally rolled over. Red flags are everywhere. Steve, Tom and Jacob run through the week that was: the broken ceasefire and the race toward nuclear, a market sitting 200% above trend with Buffett quietly selling, the private credit boom regulators are now worried about, and why 25...

Steve, Tom and Jacob are back (with working microphones this time) to unpack a week where the cracks got harder to ignore. The Iran ceasefire has collapsed, tanker traffic through the Strait of Hormuz is running at a third of normal, and shipping insurance costs have jumped sevenfold. The lads explain why "oil" isn't one thing, why China's demand drop saved us last time, and why...

Episode 143: A TMM Monologue The ceasefire didn't hold, and neither did the calm. This week Steve flies solo (audio only) with a look at what the renewed Iran-US conflict means for oil, helium and fertiliser supply, and why the uncertainty premium is back in commodity markets. Also in this episode: Debt is piling up on both sides of the ledger: margin lending, leveraged ETFs and an options boo...

Buffett said if you can't manage your emotions, you can't manage your money. This week we prove him right. Steve, Tom and Jacob break down Howard Marks' Mastering the Market Cycle: the three stages of every boom and bust, why the CAPE at 42 stacks the odds against US stocks, and why you never need to pick the bottom. 🧠 What type of investor are you? Take the 2-minute quiz 👉 https://w...

Join Steve Moriarty, Tom Hill, and Jacob Senior as they unpack the world of investing—from market moves and strategies to timeless principles and everyday money wins. Whether you’re just starting out or deep into your investing journey, we’re here to educate, challenge, and inspire. 🚫 Disclaimer: This podcast is provided by Total Money Management Pty Ltd (AFSL 568642) for educational purposes onl...

Join Steve Moriarty, Tom Hill, and Jacob Senior as they unpack the world of investing—from market moves and strategies to timeless principles and everyday money wins. Whether you’re just starting out or deep into your investing journey, we’re here to educate, challenge, and inspire. 🚫 Disclaimer: This podcast is provided by Total Money Management Pty Ltd (AFSL 568642) for educational purposes onl...

Join Steve Moriarty, Tom Hill, and Jacob Senior as they unpack the world of investing—from market moves and strategies to timeless principles and everyday money wins. Whether you’re just starting out or deep into your investing journey, we’re here to educate, challenge, and inspire. 🚫 Disclaimer: This podcast is provided by Total Money Management Pty Ltd (AFSL 568642) for educational purposes onl...

Join Steve Moriarty, Tom Hill, and Jacob Senior as they unpack the world of investing—from market moves and strategies to timeless principles and everyday money wins. Whether you’re just starting out or deep into your investing journey, we’re here to educate, challenge, and inspire. 🚫 Disclaimer: This podcast is provided by Total Money Management Pty Ltd (AFSL 568642) for educational purposes onl...

Join Steve Moriarty, Tom Hill, and Jacob Senior as they unpack the world of investing—from market moves and strategies to timeless principles and everyday money wins. Whether you’re just starting out or deep into your investing journey, we’re here to educate, challenge, and inspire. 🚫 Disclaimer: This podcast is provided by Total Money Management Pty Ltd (AFSL 568642) for educational purposes onl...

Join Steve Moriarty, Tom Hill, and Jacob Senior as they unpack the world of investing—from market moves and strategies to timeless principles and everyday money wins. Whether you’re just starting out or deep into your investing journey, we’re here to educate, challenge, and inspire. 🚫 Disclaimer: This podcast is provided by Total Money Management Pty Ltd (AFSL 568642) for educational purposes onl...