Just a short note to say that there won't be a show for a little while because Allan is snowed under by all the stuff he has to do.

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In this shorter week for the markets Allan shares a useful webinar, a couple of articles, and a podcast that has helped him keep up.

Allan's thought for the week

Allan shares his thoughts on the concept of income generating assets.

Resource of the week

This week's resource is a fascinating webinar from Stockopedia. It is an interview with a subscriber who has achieved impressive results by investing according to a quantitative system that he has developed which doesn't involve researching company fundamentals at all.

You can find it here.

Article of the week

This week's articles are a piece on Boots UK from the Financial Times, which you can find here, and a piece from City AM on the subject of the recent review into risk warnings. 'Dragged out of the dark ages': Investment industry welcomes risk warnings review

Podcast of the week

This week's podcast recommendation is an episode of the AJ Bell Money And Markets show entitled 'Markets rally after Iran ceasefire – What it means for your money'.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
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As well as sharing his favourite article and podcast of the week, in this episode Allan reviews a book called 'The Wealth Ladder' and pontificates on the subject of Unilever.

Allan's thought for the week

Being a Unilever shareholder was supposed to be boring. Allan considers why recently it has turned out to be anything but.

Book of the week

This week's book takes an interesting look on wealth - how to get it, how to categorise it, and what it really means.

It's called 'The wealth ladder: proven strategies for every step of your financial life' by Nick Maggiulli And is available from all good book shops, and some bad ones as well.

Article of the week

This week's article comes from the ThisIsMoney website and shares the details of a new weekly investing competition from IG that offers real prizes.

You can find the article here or go directly to the game's sign-up page here.

Podcast of the week

This week's podcast is episode 79 of Nottingham Business School's Business Leaders podcast and is called 'Anthony Hemmerdinger -- The dangers of living on past glories'

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
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This week Allan shares his thoughts on panic selling, a great resource for any investor, plus his favourite article and podcast from the week.

Allan's thought for the week

Don't panic! You don't have to sell even if it goes up.

Resource of the week

With the exception of Allan himself, few folks in the investing world have only your interests at heart. But one of those that does is ShareSoc, the individual UK shareholders society. This week Allan reviews what they, and their partner organisation SIGnet have to offer.

Article of the week

This week's article looks at some academic research around why DIY traders fail to make money from breaking news. It was published in The Squeeze newsletter and you can find it here.

Podcast of the week

This week's podcast recommendation is a great little interview with the CEO of M&S from the Business Leaders podcast.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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This week Allan learns many things he didn't know about oil and considers the wisdom of investing in UK oil companies.

Allan's thought for the week

Allan shares his opening thoughts on the oil business.

Book of the week

This week's book recommendation is "Oil: Power, politics and pipelines - the story of black gold" by Ian Fitzgerald. It was published in 2025 so should be available from wherever you get your books.

Article of the week

This week's articles are "The future of the North Sea" from the OEUK, and "Drilling into the facts" from Uplift.

They represent opposing views and are well worth a read.

Podcast of the week

This week's podcast recommendation comes from the 11 Marche episode of The Capitalist. The episode is titled 'Tim Leunig: Let’s tap the North Sea for energy'.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
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This week Allan reviews a book for small investors on the UK market. He also looks at an article on the housing sector and a podcast on AI.

Allan's thought for the week

Allan considers the fact that lots of UK companies rely more on the US market than they do on their market here at home.

Book of the week

This week's book is a guide to investing in small companies written by an experienced UK private investor.

It's called 'How To Become A Microcap Millionaire', by Justin Waite. I listened to the audio version, narrated by the author, but I'm sure you can lay your hand on a print version at your book store of choice.

Article of the week

This week's article comes from the Financial Times and is a reminder that the long awaited recovery in house builders and the housing sector may be further off than we keep being told.

Iran conflict darkens the outlook for house prices

Podcast of the week

This week's podcast recommendation comes from The Economics Show and is called:

'Is AI (finally) making us more productive? With John Burn-Murdoch and Sarah O’Connor'

You can find it on Apple Podcasts here or search for it in your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
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This week Allan reviews a trading memoir, shares and article on business valuation, and a podcast that covers the Iran war from the perspective of the UK investor.

Allan's thought for the week

Allan Considers the effect AI might have on RNS statements and the importance of seeing management in person.

Book of the week

This week's book review is

'The Trading Game', by Gary Stevenson.

It is a memoir about a young working class Londoner who became a world class currency trader.

You can find out more about Gary, and his role as a campaigner against economic inequality, at his wikipedia page here.

Article of the week

This week's article comes from McKinsey, the consulting group, and looks at how companies are valued.

You can find it here.

Podcast of the week

This week's podcast recommendation comes from the Companies and Markets show. The episode is called 'War in Iran, healthcare resurgence & Isa changes'.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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This week Allan reviews a controversial book from last year, shares an article about changes to the way we hold shares, and discusses a podcast on investor engagement.

Allan's thought for the week

Don't waste time watching shares merely because you've fallen in love with them.

Book of the week

This week's book is Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism by Sarah Wynn-Williams

The audio version is superbly narrated by the author, but I'm sure the print edition is good too.

Article of the week

This week's article comes from ShareSoc and is Making the Stock Market Digital: What It Means for You

If you want to know more about ShareSoc then visit sharesoc.org

Podcast of the week

This week's podcast is a panel discussion, hosted by the LSE, on the power of investor engagement to reduce company carbon emissions.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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Due to unforeseen circumstances there will be no episode this week.

Small Investor Toolbox will be back at the usual time on Friday 27 February.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
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This week's episode dips into the work and wisdom of Charlie Munger. It's not the first time, and given his enormous success during his long life, won't be the last either.

Allan's thought for the week

Study your hero's, but don't be cowed by them.

Book of the week

This week's book recommendation provides a fairly short, and extremely useful, explanation of Charlie Munger's investing style, the part he played as Warren Buffett's partner at Berkshire Hathaway, and advice on what you can do to try and follow in his footsteps.

It's called 'Charlie Munger, the complete investor" by Tren Griffin, and is a great place to start if you are new to Charlie Munger or to value investing more generally.

Article of the week

If this week's book has wet your appetite and you want to learn more about Charlie Munger's life then a great place to start is withhis wikipedia entry. You can find it here

Media of the week

There is no replacement for watching Munger in person, and the best place for this is via one of his many interviews that are available from YouTube. Head on over to the sight, search for "Charlie Munger interview" and a whole string of great things will come up.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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In this week's Episode Allan considers the importance of data, and how we can best work with it.

Allan's thought for the week

With reference to an interesting stockopedia article on their 2025 subscriber performance survey Allan considers the problems we face when trying to interpret even good quality material.

The article can be found here

Book of the week

This week's book recommendation is designed to strengthen your mental models and help you get a better handle on all the data that surrounds us. It is:

Think Clearly: eight simple rules to succeed in the data age, by Kiko Llaneras

It's available from all good book shops, and some bad ones as well.

Article of the week

This week's article is more of a resource.

UK.StockBrokers.com Announces Winners for the 2026 Annual Awards

You can find the awards directly here

Podcast of the week

This week's podcast recommendation is Episode 39 of the Decision Education podcast, 'Bulls, Bears, and Biases with Howard Marks'

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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This week Allan discusses a book, article and podcast that all have something to say about gold.

Allan's thought for the week

Allan shares his personal reflections on gold.

Book of the week

This week's book is

'The secret history of gold: myth, money, politics and power' By Dominic Frisby

It was published last year and is available wherever you get your books.

Article of the week

From theory to practise, this week's article recommendation is a practical guide to buying and holding gold from Dominic Frisby's substack. You can find it here

Podcast of the week

This week's podcast recommendation is an episode from the Financial Times's Unhedged podcast that considers what is going on in the gold and silver markets.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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This week Allan looks at some more investment strategies as well as getting back to one of his favourite topics: market crashes.

Allan's thought for the week

Reflections on the NAPS portfolio webinar.

Book of the week

This week's book is a bit of an investment strategy classic. It is

What Works on Wall Street, by James P. O'Shaughnessy

Allan reviewed the audio version, but it is available, in multiple formats, wherever you choose to get your books.

Article of the week

This week's article comes from the Financial Times and is a reflection on the absolute dominance of ASML in the chip making industry.

If you are interested then you can find it here.

Podcast of the week

This week's podcast recommendation is 'AJ Bell Money & Markets , Deep Dive #7: How to invest if you’re afraid of Market crashes?'.

It is available on Apple Podcasts here or you can search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
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This week's podcast is all about trading strategies.

Allan's thought for the week

Markets reflect the world as it is, not how we want it to be. Nevertheless, remembering that fact can offer us investors with some opportunities.

Book of the week

This week's book is 'The Naked Trader's book of trading strategies' by Robbie Burns

Robbie Burns is best known for his book 'The naked trader'. Allan reviewed the latest edition of that book in an earlier episode. You can check it out here

Article of the week

This week's article recommendation is an interesting little piece from the FT concerning developments in the field of trading. It is

Wall St groups carry out hiring spree for prediction trading

Webinar of the week

This week Allan recommends a webinar, scheduled for 22 January 2026. It is presented by Ed Croft, founder of Stockopedia, and is on the subject of the NAPS portfolio.

You can find out more details here.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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In his first episode of 2026 Allan reviews a book on magic (of the economic and business kind), then moves on to look at why we don't invest, what the Government is doing to try and encourage us to do so, and what else we can do to ensure that our finances are in order for the coming year.

Allan's thought for the week

In the first podcast following his most recent portfolio review Allan reflects on his performance.

Book of the week

This week's book recommendation is 'Alchemy', by Rory Sutherland. Our modern world is built on scientific theories, big data, and rationality and it is easy to forget the importance that a touch of magic still plays. Read this book and be reminded.

Article of the week

This week's article looks at why we brits are such hesitant investors. It comes from the Financial Times's Lex column and is:

What will it take to get nervous British savers to ride the equities bull?

Podcast of the week

This week's podcast recommendation is a reminder to make sure your finances are in order. It comes from the Merryn Talks Money podcast, and is titled 'Your 2026 Money Reset: Practical Steps to Be Better Off by Year-End'.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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This week, as a special Christmas treat, Allan reviews a classic investing novel, then looks at the real life investor on whom it is based.

Allan's thought for the week

It's a new investing year, not a new investing you.

Book of the week

Christmas is a time for fiction, so this week Allan shares his thoughts on the classic american novel Reminiscences of a Stock Operator: The Classic Novel Based on the Life of Legendary Stock Market Speculator Jesse Livermore , By Lefevre Edwin

Podcast of the week

This week's podcast recommendation Is a factual account of the life and times of Jessie Livermore, the real life investor on whom this week's book was based. It is 'Business History, How to Make Billions When the Bubble Bursts: Lessons from 1929'.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Christmas recommendation

Finally, since it is Christmas Allan recommends that you revisit Charles Dickins's 'A Christmas Carol' by watching the 1999 film adaptation starring Patrick Stuart. This one is Allan's favourite and he will certainly be watching it.

You can check it out here.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
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In this week's podcast Allan reviews an interesting book by Ken Fisher, shares an article on weight-loss drugs, and a podcast interview with a big pharma CEO.

Allan's thought for the week

Amazing: I'm now an ice cream vendor.

Book of the week

Ken Fisher is the son of the great Phillip Fisher, and an amazingly successful investor in his own right. In this week's book he shares the process that gives him his edge. It is:

The Only Three Questions That Still Count (3rd Edition) , By Ken Fisher, Lara Hoffmans, Elisabeth Dellinger and Todd Bliman

And you can find it where print and audiobooks are sold.

Article of the week

This weeks article looks at the rise of weight-loss drugs and the impact they could have on the food and beverage industry. You can find it here:

Weight-loss drugs are bringing a new commercial reality

Podcast of the week

This week's podcast is a Big Boss interview from the BBC. It is with Dame Emma Walmsley, Chief Executive of GSK.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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This week's podcast is an eclectic mix of stuff that might be of interest to the small investor. We have a book on accounting, an article on robotics, and a great business case study podcast.

Allan's thought for the week

This week Allan Considers whether or not he is an above average investor.

Book of the week

This week's book is The economics of accounting: By Richard Frankel, S.P. Kothari and Luo Zuo

Article of the week

This week's article is a story about robots, and for once someone isn't trying to put them on the battle field.

UMA Launches from Europe to Shape the Global Future of Physical AI

Podcast of the week

This week's episode recommendation comes from the Business Leader podcast and is an interview with Mark Neale, the founder of Mountain Warehouse.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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This week Allan shares a couple of thoughts on the budget, but mainly focusses on the subject of land and property.

Allan's thought for the week

Don't be swayed by a good story.

Book of the week

This week's book is The Land Trap: The new history of the world's oldest asset by Mike Bird

It's a fascinating account of the role land has played, and continues to play in our economies and our financial systems.

Article of the week

For something a bit more practical, this week's article recommendation is a feature from the Investors Chronicle, published on 3 November 2025, that explains how investors can gain access to the residential rental market without becoming a buy-to-let-landlord and having to cope with all that entails.

Fed-up landlords can play the rental market another way

Podcast of the week

This week's episode recommendationcomes from City AM's Boardroom Uncovered podcast. It is an interview with Nick Bolton, the current CEO of the Ordinance Survey company.

You can find it on Apple Podcasts here ors search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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At the age of 93 Warren Buffett is finally coming to the end of his long investing career. May we all find something that inspires us so much that we want to keep doing it until we are in our nineties.

Allan's thought for the week

Your analysis doesn't have to be perfect: good enough will do.

Book of the week

This week's book recommendation is 'The Essays of Warren Buffett' by Lawrence A. Cunningham and Warren E. Buffett.

It is available from all good book shops, and some bad ones as well.

Article of the week

Sticking with the Warren Buffett theme, this week's article recommendation is Warren Buffett's Thanks Giving message to shareholders, which you can find here or by searching on the Berkshire Hathaway website.

Podcast of the week

This week's podcast recommendation is another one from the Merryn Talks Money feed. Deutsche Bank have published a new report looking at the returns from different asset classes over the past couple of hundred years and she has Jim Reid on to tell us all about it.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

You can find the Deutsche Bank research report here

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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This week Allan discusses another classic book, an article on portfolio management, and a podcast on scotch whisky.

Allan's thought for the week

Allan considers the difference between buy and hold investing and hands off investing.

Book of the week

This week's book of the week is 'Common Stocks and Uncommon Profits and Other Writings' by Philip A. Fisher. It is a classic manual for the buy and hold investor.

Article of the week

This week's article is a discussion of an Economist article concerning an asset allocation known as the permanent portfolio. You can read it here, an you can read the original Buttonwood article on The Economist website here.

Podcast of the week

This week's podcast recommendation is an episode of Jimmy's Jobs of the Future in which Jimmy McLoughlin discusses the scotch whisky industry with Mark Kent, the CEO of the Scotch Whisky Association.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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This week Allan reviews a book, an article, and a podcast episode that each have something interesting to say about bubbles.

Allan's thought for the week

Stock tips and ideas can be really useful, but it is important not to get overloaded by them.

Book of the week

This week Allan reviews a book by John Kenneth Galbraith called 'A Short History of Financial Euphoria'. It was written over 30 years ago, but is definitely a classic that is worth revisiting.

Article of the week

This week's article is 'Early Asia Wrap: Palantir, The Most Expensive Story Ever Sold' and it comes from a substack newsletter by Stephen Innes called The Dark Side Of The Boom. You can find it here:

Podcast of the week

This week's podcast recommendation is 'Merryn Talks Money , Rob Arnott on AI Mania: Lessons From the Dot-Com Era'. You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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In this week's episode Allan shares a book on Superforecasting, an article on the Big Bang, and a podcast interview with a small business founder.

Allan's thought for the week

Allan considers his failure to be a momentum investor and the problems with fomo that result.

Book of the week

This week's book is 'Superforecasting, The Art and Science of Prediction' By: Philip Tetlock and Dan Gardner.

Allan reviews the audio edition, but the print edition is great too. You can find it in all good bookshops.

You can also find out more about super forecasting over at the Good Judgement Project's website here.

Article of the week

It turns out the current woes of the UK stock market aren't totally new. As often happens with history, we've been here before. For more info take a look at this week's article.

On this day: Big Bang hits the Square Mile

Podcast of the week

This week's podcast recommendation is a fascinating interview with the founder of one of the UK's hottest baby and family brands over recent years, My Little Coco. It is 'Business Leader , From pop star to founder: Rochelle Humes on reinvention and resilience'

You can find it on Apple Podcasts here or search for it in your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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In this week's episode Allan shares what first got him interested in investing. It is a shorter offering since Allan has been on holiday. Usual service will resume next week.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
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Keep in touch

• Email the show
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This week Allan looks at a classic text, as well as sharing some of the other interesting stuff that has caught his fancy.

Allan's thought for the week

This week Allan considers how a little knowledge really can be a dangerous thing.

Book of the week

This week's book takes us back in time to look at the classic text of value investing. Fortunately the 75th anniversary edition was published last year and it offers the original text plus a bunch of helpful content that applies the lessons of the book to the 21st century. The book is:

The Intelligent Investor (Third Edition): The Definitive Book on Value Investing By: Benjamin Graham, Jason Zweig

Article of the week

This week's article recommendation comes from the Squeeze Newsletter, published by The Investors Chronicle.

As financial markets put more weight behind gambling ones, traditional theories are being tested

Podcast of the week

This week's podcast recommendation is a short little tale of business woe. It is the behind the money podcast called The melt down at Nestle

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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In this week's show Allan Shares a book on economics, an article on investing with AI, and a podcast on gold.

Allan's thought for the week

Allan considers whether, and how, to hedge his portfolio using gold.

Book of the week

In the spirit of developing your all round knowledge and building mental models to serve you well in your investment process, this week's book recommendation is Economics: The User's Guide, by Ha-Joon Chang.

It was written back in 2014 so some of the figures and stats aren't up to date. Nevertheless, it is a great introduction to the subject and well worth at least a flip through.

Article of the week

So it turns out that chat GPT isn't just for writing bad love poems and drafting emails to folks you don't like much. In this week's article recommendation I learned that investors are using it too. But are they aware of the risks?

Experts urge caution about using ChatGPT to pick stocks

Podcast of the week

This week's podcast recommendation is Merryn Talks Money , Can Gold Keep Rallying?

You can find it over on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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In this week's podcast Allan reviews a book on personal finance, recommends an article on how to manage your cash, and shares some thoughts and a podcast on business analysis.

Allan's thought for the week

Learning from failure is vital, but it's not easy when it makes you so depressed.

Book of the week

If you think investing is fun but personal finance is boring, then join the club. Unfortunately, it is one of those things that we should all look at from time to time. So this week's book recommendation, The Meaningful Money Handbook, is as good a guide as you are going to find out there. The author, Pete Mathew, through his videos, podcasts, and this book, manages to make the topic about as interesting as it can be. It is well worth a look.Money

Article of the week

This week's article comes from the broker AJ Bell.

How to choose a money market fund

Podcast of the week

This week's podcast recommendation comes from a podcast I picked up from the author of last week's book. It's called Business Leader, and the episode title is How Thierry Garnier turned around Kingfisher, owner of B&Q and Screwfix. It's one of those business analysis podcasts and is well worth a listen.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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This week Allan takes a bit of a dive into understanding businesses and investment opportunities from the point of view of an entrepreneur.

Allan's thought for the week

Dividends are nice to have. Having a dividend mindset is more problematic.

Book of the week

This week's book recommendation is How to Make a Billion in Nine Steps , By Richard Harpin.

It's great if you are looking to start your own business. But, at least for our purposes, it is packed with tips on the sorts of things we investors should be watching out for in our research. Even better, Harpin is a British entrepreneur and so the book is written from a British perspective.

Article of the week

Being a founder isn't all plain sailing, as demonstrated in this week's article.

Popular bakery chain to close 12 of 14 branches after costs soar and 'customers change spending habits'

Podcast of the week

This week's podcast recommendation comes from a brand new podcast. It's called Big Boss Interview, comes from the BBC's business team, and episode #1 is titled "AO CEO John Roberts: Taking the Tough Decisions"

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
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This week Allan recommends a little book, a little article, and a fairly short podcast. He also celebrates the fact that this is his 25th episode.

Allan's thought for the week

Allan considers the pros and cons of notifications and emails when it comes to keeping informed about what is going on in the world.

Book of the week

This week's book recommendation is The Little Book of Trading Wizards, By Jack D. Schwager. It is a nice insight into the trading world, contains some useful snippets of advice, and is pretty short too.

Article of the week

This week's article recommendation is a nice little offering from the Motley Fool that provides some useful Warrant Buffett related advice.

3 Warren Buffett investing mistakes to avoid!

Podcast of the week

This week's podcast recommendation is another real life business analysis example. It is the Behind the Money podcast episode entitled Is there a future for the ‘Amazon of Africa’?

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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This week Allan considers the nature of risk, how to make better decisions, and reviews an excellent practical guide to investing in the UK.

Allan's thought for the week

Risk is one of those terms that we think we understand, but that is much more illusive than it seems. This week Allan shares his thoughts on the subject.

Book of the week

The Naked Trader, by Robbie Burns, is an investment guide with a difference. For one thing it is jargon free and easy to read. For another, it is written by a UK investor who invests in the UK market.

It's available as an audiobook, just as Allan likes it, or you can buy it from your book shop of choice.

Podcast of the week

This week's podcast recommendation is The Decision Education Podcast, Episode 36, The Science of Clearer Thinking with Spencer Greenberg.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Article of the week

This week's article recommendation should really be called mistake of the week.

Great North Run chiefs sorry for putting Sunderland not Newcastle on medals

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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Despite feeling a deep sense of investment gloom Allan has dragged himself to the microphone to share his favourite investment related finds for this week.

Allan's thought for the week

Being a philosopher at heart, Allan loves a good thought experiment. This week he gets his teeth into one that is investment related.

If you want to read the Motley Fool article that sparked it all off then you can find it here.

Resource of the week

This week's resource is a Substack newsletter and podcast from Paul Scott. It's not free, but it's a great way of keeping up with UK company news, and it's really entertaining too.

You can find it here

Article of the week

Is a crash coming? Take a look at this article. It's a great example of why many folks think that one is.

The next dotcom 'bubble burst' could be coming and these are the signs anyone with investments or a pension must not ignore. Now ANNE ASHWORTH tells what you should do to protect your money
Money | This is Money

Podcast of the week

Finally, in order to end on a more cheery note, this week's podcast recommendation is an optimistic interview with David Gardner, one of the co-founders of the Motley Fool. It comes from the Investing For Beginners podcast and you can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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The focus of this episode is a different style of investing to the long term buy and hold strategies that have dominated in recent weeks.

Allan's thought for the week

Allan considers the implications of shocks, such as the WH Smiths accounting irregularities, to a focussed investing strategy.

Resource of the week

This week's resource is an audio lecture series on the topic of big picture investing. It was originally recorded as part of the Modern Scholar series and is available from sites like Audible. You can find details of it here.

Article of the week

This week's article recommendation comes from MoneyWeek magazine and highlights how, even if big picture investing looks appealing, finding the sorts of data you need to make it work might actually be getting harder.

Why investors can no longer trust traditional statistical indicators

Podcast of the week

This week's podcast recommendation comes from Unhedged. The episode is from 14 August and is called "Will markets ever care about anything?". It's relevant to our big picture discussion because it discusses Trumpism, the effects it has on our ability to make predictions about the future both within the US and on the geopolitical scene, and what this does to investing markets in both the short and long term.

You can find it on Apple Podcasts here or by searching for Unhedged in your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
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In this week's episode Allan considers what he can learn from the world's greatest investor.

Allan's thought for the week

As a fun little experiment, and to make himself feel better about his prospects, Allan examines a few numbers in order to highlight the power of compounding.

Book of the week

This week Allan reviews The Warren Buffett Way, by Robert G. Hagstrom. This is a mainstay of the Warren Buffett literature. It's available in multiple formats, multiple editions, and can almost certainly be found wherever you get your books.

Article of the week

Investing for beginners: The best platforms to get started as an investor
Money | This is Money

Podcast of the week

This week's podcast recommendation is In Good Company with Nicolai Tangen , Orange CEO: Telecommunications Future, Network Investment and Leadership

You can listen to it on Apple Podcasts here or search for In Good Company on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
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• Follow the show on Mastodon or Bluesky

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This week's show takes a look at one of the titans of the investing world, and recommends an interesting article and podcast episode too.

Allan's thought for the week

Following a re-energising holiday, Allan discusses the pitfalls of tinkering with your portfolio.

Resource of the week

This week's resource is the book Poor Charlie's Almanack. It is a collection of talks from Charles T. Munger and very definitely comes with the Allan Tweddle seal of approval.

You can find the free online version of the book here or you can buy it from any good bookshops (and some bad ones as well).

Article of the week

This week's article discusses the fact that Bitcoin, and other crypto-currencies, are disrupting the gambling industry. This is a new one for Allan and he can't help but wonder what kind of knock on effects there could be for other related businesses.

How Bitcoin Casinos Are Disrupting Traditional Online Gambling Markets

Podcast of the week

This week's podcast recommendation is The Outthinking Investor , Staying the Course: The Power of Long-Term Thinking in Volatile Markets

If you are a long term investor trying to navigate the markets then have a listen because you might pick up something useful. You can find it on Apple Podcasts here or just search the show in your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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In this week's show Allan shares a report, an article and a podcast that each have a technology flavour. As a bonus, you also get a bit of ethics chat thrown in.

Allan's thought for the week

This week Allan shares his thoughts on ethical investing and his shocked realisation that maybe he isn't quite as moral as he thought he was.

Resource of the week

A recent report from the Edison Group discusses the prospects for humanoid, multi-functional robots, and explains how and why they could be with us much sooner than you might expect.

Edison - The humanoid revolution walking your way: How robots are stepping out of science fiction

Article of the week

This week's article recommendation examines whether investors can get in on the AI boom via UK listed software companies.

How to invest in Britain's 'AI trailblazers': Is it time to back software after the hardware boom?

Podcast of the week

Traditional book stores are supposed to be dead. Amazon killed them. Except, maybe not. Listen to this week's podcast recommendation to learn more.

Behind the Money , Fixable: How to bring a business back to life

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
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• Email the show
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The theme of this week's podcast is company research. Getting hold of good research isn't always easy, but maybe this week's resource recommendation will help. Then again, finding research is only half the battle. Understanding it, and knowing its limitations, is even more important.

Allan's thought for the week

This week Allan considers the limits of doing your own research. There are limits to what we can know and what we can understand. Sometimes all you can do is go with your gut or take a punt on advice from other folks who know more than you do.

For those interested in the philosophical podcast that inspired Allan's musings, you can find Julian Baggini's Microphilosophy podcast here. Take a look at his How To Think Like A Philosopher series.

Resource of the week

One of the things that professional investors have access too when they are making decisions is detailed and well researched analyst reports. These used to be really difficult for private investors to obtain, but that's changed in recent years. This week's resource is one of those places that makes them available to folks like us as well.

Research Tree: The home of professional equity research

Article of the week

This week's article recommendation is a reminder to reflect on whether an investment opportunity offers future long term growth or whether it is merely a short term thing.

The vinyl revival switches to CDs and DVDs thanks to Gen Z's 1990s obsession

Podcast of the week

Research suggests that just 4% of companies will be responsible for all the long term growth on the stock market. Tom Slater, the manager of Scottish Mortgage investment trust, looks to identify and invest in those companies. In this week's podcast recommendation he discusses how he goes about it.

Merryn Talks Money , Why Playing the Long Game Still Matters with Scottish Mortgage’s Tom Slater

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

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• Email the show
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In this week's podcast Allan shares a resource to help with future diversification, an article discussing the insurance industry, and an investing intro podcast worth bookmarking to share with future newbies.

Allan's update

In a week where the FTSE 100 hits fresh highs of over 9000 Allan discusses how to cope when your own, painstakingly planned, portfolio actually goes down.

Resource of the week

"If you can't beat 'em, join 'em!"

Allan hopes you are all following IG Groups save our stock market campaign, and doing everything you can to make London the best place to invest in the world. But just in case that doesn't work out, this week's resource might be worth checking out. It's an Investors Chronicle series from the current custodian of their stock screens (as discussed in my review of 4 Ways to Beat the Market, by Algie Hall), that looks at applying their current screens to some overseas markets just to see if they can identify any promising international investments for anyone who wants to spread their wings a bit:

A new way to find global investment ideas

Article of the week

The article I'm recommending this week is written by Chris Lay, UK CEO at Marsh McLennan, in City AM., and it's a heavy one.

A UK captive insurance regime will make Britain more competitive

Insurance is one of those things that the UK does really well. It's child's play to find profitable insurance companies that pump out dividends on the UK market to stash in your portfolio, but understanding what they do, and how the industry actually works, is more of a challenge.

Podcast of the week

This week's podcast recommendation comes from a show which is unlikely to appear here very often. Martin Lewis, founder of moneysavingexpert.com and well-known financial advisor to the masses, usually focusses on daily finances, bills etc, and rarely mentions investing. In this episode of his podcast, following the UK Chancellor's Mansion House speech proposals to encourage more investing, he chats with a couple of guests about investing in general, the meaning of risk, how to get started, and much more.

Chances are that if you are listening to SITB then you won't learn much in the way of new stuff from this listen. However, it never hurts to have a refresher, and this is definitely one to bookmark so that you can share it with anyone you know who wants to dip their toe in the investing pool for the first time.

The episode is called "The Martin Lewis Podcast , A beginner’s guide to investing… who should, how much & where to do it". You can listen to it on Apple Podcasts here or search for it on your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
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Despite suffering through yet another London heatwave Allan forces himself to his desk to share with you the things he's found that interested him this week.

Allan's update

Allan considers his recent supermarket shopping experiences and what they tell him about the practicalities behind brand loyalty and economic motes.

Resource of the week

To be a good investor, you have to know how to make good decisions, even if the decision is to do nothing. This week's resource is a book that aims to help develop your decision making process by explaining and exploring the algorithms and strategies that, mathematically speaking, produce optimal outcomes.

Algorithms to Live By, by Brian Christian and Tom Griffiths

Article of the week

For this week's article, Allan shares his take on a piece from CityAM that discusses the importance of DEI within companies.

I'm the only disabled director in the FTSE 100 -- these are three questions every CEO must ask

Podcast of the week

Following in the footsteps of most of its forebears, the UK Government just released a new industrial strategy. It has been covered widely in the press, but this week's podcast looks at it from the perspective of the professional services sector (included for the first time), and raises the prospect that the document might turn out to be much more effective than most of its predecessors.

It's from the Accountancy Insights podcast and the episode is called "Inside the Industrial Strategy and navigating VAT reform"

You can listen to it here on Apple Podcasts or search for it in your podcast player of choice.

Support the show

If you want to support the podcast you can:

• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Keep in touch

• Email the show
• Visit the website over at smallinvestortoolbox.com
• Follow the show on Mastodon or Bluesky

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Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

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In this week's episode Allan reviews a fun little book, shares an interesting interview, and recommends a podcast that discusses the fall of a once mighty national D.I.Y. chain.

Allan's update

Allan shared his practise of conducting quarterly reviews, and how he implements a big picture review of his portfolio every 3 months.

His approach is based on the work of the personal development guru, Michael Heppell. If you want to know more about Michael then checkout his website, michaelheppell.com

If you want to know more about podcasting, and the podcasting process, then checkout Allan's recent appearance on the Podcraft podcast. You can find it on Apple Podcasts here or search for pod craft in your podcast player of choice.

Resource of the week

For an entertaining guide to the financial markets, checkout MAN VS MARKETS: Economics Explained (Plain and Simple), by Paddy Hirsch.

Article of the week

This interview with Christoph Martin, the CFO of PensionBee, explains why slow and steady growth is often the best strategy, even for disruptive businesses.

CFO Executive Dialogue » Q&A: PensionBee’s CFO on when growth demands slowing down

Podcast of the week

The final episode in the current series of the BBC's Toast podcast looks at the rise and fall of the D.I.Y. chain, Homebase.

You can find it on Apple Podcasts here or search for it on your podcast player of choice.

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow me on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

In this week's podcast Allan considers the pros and cons of market volatility and market disruptors.

Allan's update

Constant news, and the resulting volatility in share prices, is great if you are a trader, or even a short term, in/out kind of investor. But if you are a buy and hold investor then it is incredibly stressful, particularly just after you've made a purchase.

Resource of the week

The Squeeze newsletter

This recommendation was inspired by this week's issue, A new boost for cash-rich companies

Article of the week

City sends an SOS to fix London markets ‘before it’s too late’

You can find out more about IG's campaign here:

Podcast of the week

This week's podcast is another one from the Boardroom Uncovered podcast. It's an interview with one of the co-founders and current CEO of Motorway and it's a great introduction to finding a disruptive idea and then trying to build a brand new business out of it.

Title: "Is Motorway changing how the UK views used cars?"

You can find it here on Apple Podcasts or search for it in your podcast player of choice.

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow me on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

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This week's episode is slightly shorter than usual because Allan has been on holiday. Fortunately, it still contains a resource, article, and podcast recommendation that are well worth your time.

Allan's update

Holidays are a time for switching off and leaving the daily grind behind. But can you ever really switch off from your portfolio? And would you want to?

Resource of the week

This podcast is mainly focussed on the trials and tribulations of the stock picker. However, there are many financial advisors and investment gurus who claim that what really matters for success is asset allocation, (how you distribute your cash between different asset classes), and your risk profile, (the degree of risk your portfolio is exposed too).

Allan is wholly unqualified (and unwilling) to advise anyone on whether this is a good or bad approach. However this weeks resource consists of a set of model portfolios that offer an excellent way for small investors to explore these questions themselves.

https://www.pimfa.co.uk/pimfa-indices/

Article of the week

This week's article recommendation comes from Hermione Taylor in last week's Investors Chronicle.

The OECD warns that tariffs could drive a global slowdown. How should investors react?

How to invest during a global slowdown

Since the above article may prove to be behind a paywall, this week's bonus article is

Ten ways to protect your money from disaster: As the threat of war looms and cyberattacks soar, experts reveal what you can do

Podcast of the week

Behind the Money, Inside Moët Hennessy’s crisis , 18 Jun 2025

This little gem from the Financial Times examines how Moët Hennessy fits within the LVMH group, why it has found itself struggling in recent years, and what implications this has for the group going forward. It's a great reminder that almost all of our investments are sums of their parts and provides some practical examples of the sorts of things we should be looking out for when we are trying to understand how the companies we invest in really work.

You can listen to it on Apple Podcasts here or search for it on your podcatcher of choice.

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow me on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee
• Help us both by trying out one of my discount codes:
• Host your podcast with PineCast using my referral code r-b2ac67

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

In this week's episode Allan reviews a book on stock screening, an article on a well-known stock market aphorism, and a podcast interview with the UK manager of Pret A Manger.

Allan's update

This week Allan has been trimming some fat in his portfolio while pondering what to do about his H&T shares.

Resource of the week

Despite all the concerning headlines regarding the hollowing out of the London stock market there are still around 1500 companies for investors to choose from. If you start looking overseas you will add thousands more to your list.

Since you can't hope to watch them all, you need a way of whittling down the number to something much more manageable. That's where stock screens come in. This week's book recommendation offers a great introduction to how they work, and what you can achieve if you learn to use them properly.

Four Ways to Beat the Market, by Algie Hall

Article of the week

This week's article is an interesting little piece from MoneyWeek. There are plenty of aphorisms that do the rounds in the investing world. "Sell in May and go away" is one of those that is commonly touted. But is it really true?

The costly myth of "sell in May"

Podcast of the week

This week's podcast recommendation comes from City AM's Boardroom Uncovered podcast, and is a conversation between Jon Robinson and the UK Managing Director of Pret A Manger, Clare Clough.

It's a nice reminder of the issues facing businesses on UK high streets, and in the food industry in general. And this interview is potentially quite timely, given the rumours that Pret's owners are considering floating the business on the public market.

It's well worth a listen.

You can find it on Apple Podcasts here

Or watch it on Youtube here

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow me on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

In this week's episode Allan shares a resource to turbo-charge your company research, an article that provides a bit of perspective on investing in the first quarter of the 21st century, and a fascinating podcast on the mining industry.

Allan's update

This week Allan has been considering the more practical approach to investing that involves getting to know the product, being a customer, and essentially investing in what you know. As part of his own research he has been looking at IG Group [lse: IGG] and CMC Markets [lse: CMCX], 2 incredibly complex financial trading businesses, and wondering how far this approach can really be applied in practise.

Resource of the week

When Allan first started seriously looking to invest in individual companies he quickly learned the value of good quality, comprehensive data.

Stockopedia Is a data analytics platform, designed for individual investors, the provides all the research tools and company data you could ever need, and much more besides.

Article of the week

Investing lessons from the past 25 years

by Julian Hofmann

Is an excellent summary of what has happened to the markets over the first quarter of the 21st century. If you want a nice reminder of the big events, plus a bit of perspective on how investing has changed since the heady days of the 1990s, then this is well worth a read.

In case the article above is hidden behind a paywall, here is a sort Motley Fool article that provides food for thought if you are considering investing overseas.

Strong pound, weak dollar: a once-in-a-decade chance to get rich with US stocks?

Podcast of the week

If you are someone who invests in mining stocks, or just want to know a bit about the current mining scene, then this podcast is a great listen.

The Vox Markets Podcast

Mining Matters: SP Angel’s John Meyer on Commodities, Capital, and Change

3 JUN 2025

Listen on Apple podcasts here

Or you can watch it on Youtube here

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow me on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

In this week's episode Allan shares a useful little directory, an article on cyber security, and a podcast charting the rise and fall of a former high street stalwart.

Allan's update

Since it has been a quiet week for Allan's portfolio he wonders why it remains impossible to keep up with all the research. There's always too much to read, watch, or listen to.

Resource of the week

This weeks resource recommendation is the A-Z of business and financial abbreviations.

It is produced by the ICAEW, and though it won't help you find the next Apple or Amazon, it is a great little resource to help bust some of the financial and business jargon that crosses your path.

Article of the week

The cyber attack on M&S has been big news, but it isn't the only company that has been caught in recent months. This week's article recommendation takes a behind the scenes look at how companies handle cyber incidents - useful to know when you are evaluating how such incidents will affect your investments.

What happens when a cyber attack hits a business? City AM, Monday 26 May 2025

Podcast of the week

This week's podcast comes from the BBC. It is the Toast podcast, and the episode examines the rise and fall of Woolworths. It's an example of how even very successful businesses can fail, and not always for the reasons you might think.

Toast - Woolworths, What went wrong at Woolies?

Released on BBC Sounds from 29 May 2025

Available on your podcast player of choice a week later.

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow me on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

In this week's podcast Allan shares a resource that should be on every investor's radar. He also recommends a great article about company analysis and a podcast that taught him all about Spacs.

Allan's update

In his search for a potential replacement for his H&T investment Allan took a fresh look at his watchlist. He was shocked by how large it had got, and pruning turns out to be harder than it seems.

Resource of the week

The Motley Fool

You can find the Motley Fool's UK site here.

The US site, where it all started, is here.

Article of the week

This week's article comes from Business Model Analysis and is a great source of info for anyone who wants to understand how companies create value.

McDonald's Value Chain Analysis

Podcast of the week

This week's podcast is all about Spacs. If you don't know what they are then it's a great listen.

Unhedged , When Spacs attack 22 May 2025

Support

If you want to support the podcast you can:

• Follow it on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

This week Allan introduces a new format for the podcast.

Allan's update

A takeover offer has left Allan's portfolio looking pretty good, but he still manages to find the downside.

Resource of the week

This week Allan recommends you take a look at VOX MARKETS. They have a podcast, a youtube channel, and a very comprehensive website.

For more information visit the site

Article of the week

This week's article of the week comes from startups.co.uk. It looks at some newly released research examining whether managers are too quick to follow trends, only to be reminded of the maxim "act in haste, repent at leisure".

You can find it here

Podcast of the week

This week's episode of the week comes from the Jimmy's Jobs of the Future podcast. It's called "The Secret Sauce Behind Hawksmoor: From Failed Restaurants to a £100 Million Steakhouse"

You can find it on your podcast player of choice, or you can watch the video of the episode here

Support

If you want to support the podcast you can:

• Visit the website over at smallinvestortoolbox.com
• Follow it on Mastodon or Bluesky
• Leave a review on Apple Podcasts or your platform of choice
• Buy me a coffee

Music and sound effects

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Sound effects from https://quicksounds.com

This podcast is powered by Pinecast.

Thanks to modern technology it is easier than ever for companies to interact with their shareholders. Some managers are super keen and it sometimes feels like they are never off the airwaves. Others or a touch more shy, but even they hold regular webinars, online meetings, and Zoom calls following important announcements, such as the release of annual results. In this week's podcast Allan considers the value of these communications, the pros and cons of allocating time to them, and recommends some of the places where they can be found.

Episode links

The London Stock Exchange online meeting platform

Investor Meet platform

The Engage Investor platform

Support

If you want to support the podcast you can:

• Buy me a coffee

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Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

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Following last week's discussion of RNS announcements, this week Allan takes a brief look at annual reports.

Every company has to produce them, and they are often large, fairly daunting offerings. Allan asks what they are, where they can be found, and whether they are worth small investors' valuable time.

The IC guide to company annual reports, by Phil Oakley, can be found here.

Music

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Support

If you want to support the podcast you can:

• Buy me a coffee

This podcast is powered by Pinecast.

Most sources of news offer something for every kind of investor. Reading The Investors Chronicle is worthwhile for fund investors, ETF investors, day traders, and simply the market curious. But if you are primarily focussed on buying and selling individual company shares over the long term, then it is really useful to follow company announcements directly.

In this episode Allan looks at company announcements. He explains what they are, and reviews a couple of the best ways to find them.

To read about the history of the LSE Group's RNS service click here

To checkout some of the RNS resources discussed visit:

• The London Stock Exchange website
• The Investegate website

To find out more about the podcast head on over to smallinvestortoolbox.com, though please don't expect too much as yet because I am still working on it.

Music

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

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While it is important to find the most appropriate sources of news and current affairs, you will still be wasting your time if you barely understand what you read, watch, or listen to. In this week's podcast Allan reviews a book that holds the promise of helping you not fall into this trap.

To find out more about the book, How To Read The Financial Pages, click here

To find out more about the podcast head on over to smallinvestortoolbox.com, though please don't expect too much as yet because I am still working on it.

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Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

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Allan continues his discussion of sources of news and current affairs of use to the small investor. This week's topic is the magazine MONEYWEEK. Spoiler alert: he is a big fan.

To find out more about the magazine click here

To find out more about the podcast head on over to smallinvestortoolbox.com, though please don't expect too much as yet because I am still working on it.

Music

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Support Small Investor Toolbox by contributing to their tip jar: https://tips.pinecast.com/jar/small-investor-toolbox

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Following a quick market update, Allan discusses The Investors Chronicle and explains why it is his go to investing magazine. Along with the print magazine comes a dedicated cross-platform app and a substantial website packed with useful resources.

To find out more visit The Investors Chronicle website at investorschronicle.co.uk

Music

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Support Small Investor Toolbox by contributing to their tip jar: https://tips.pinecast.com/jar/small-investor-toolbox

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Small investors need to stay informed about news and current affairs affecting the business landscape. But with limited time, it is important to find the best sources of business news, then consume only what you need so that you leave yourself enough time to research actual investments.

In today's show I examine 3 sources of news that I use, their pros and cons, and why they have a place in my toolbox.

Music

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

Welcome to the Small Investor Toolbox podcast.

Music

Bossa Antigua Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/