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  • 5 things to watch on the ASX 200 on Thursday

    Business woman watching stocks and trends while thinking

    On Wednesday, the S&P/ASX 200 Index (ASX: XJO) had another strong session and raced higher. The benchmark index rose 0.8% to 8,606.5 points.

    Will the market be able to build on this on Thursday? Here are five things to watch:

    ASX 200 expected to rise again

    The Australian share market looks set for another positive day following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 27 points or 0.3% higher this morning. In late trade in the United States, the Dow Jones is up 0.85%, the S&P 500 is up 0.85%, and the Nasdaq is 0.95% higher.

    Oil prices rise

    ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Thursday after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.1% to US$58.55 a barrel and the Brent crude oil price is up 0.85% to US$63.01 a barrel. Traders were buying oil after it hit a one-month low.

    QBE update

    All eyes will be on QBE Insurance Group Ltd (ASX: QBE) shares today when the insurance giant releases its third quarter update. Commenting on its expectations, Bell Potter said: “We anticipate a relatively benign quarter. Short bond yields have been stable, but H1 saw strong returns on risk assets. Premium rate increases remain positive but have been slowing (Q2 rates were +0.8% vs pcp) and we will be watching whether these have flattened out or continued to soften. Inflation remains present and this may be storing up problems for the combined ratio (COR), so there will be a focus on whether the company continues to expect a COR of ~92.5%.”

    Gold price rises

    It could be a good session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Thursday after the gold price pushed higher. According to CNBC, the gold futures price is up 0.6% to US$4,164.1 an ounce. This was driven by increasing US interest rate cut hopes.

    Buy Temple & Webster shares

    Bell Potter thinks investors should be buying Temple & Webster Group Ltd (ASX: TPW) shares after they crashed on Wednesday. This morning, the broker has reaffirmed its buy rating with a reduced price target of $19.50. It said: “Our views are unchanged of TPW’s ability to outperform over the long term as market share capture in an expanded TAM is expedited with range, pricing/scale advantages, backed by a strong balance sheet (+$150m cash). Trading at ~2x EV/Sales post the ~40% correction in the share price from the recent peak, we see risk-reward heading into the Feb 1H result and continue to see a buying opportunity. Maintain BUY.”

    The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Beach Energy Limited right now?

    Before you buy Beach Energy Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See the 5 Stocks

    * Returns as of 18 November 2025

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    Motley Fool contributor James Mickleboro has positions in Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • What’s next for Google’s AI team? Sundar Pichai says he hopes they ‘get a bit of rest’

    Alphabet CEO Sundar Pichai

    Getty Images

    • Google CEO Sundar Pichai talked about the company's AI strategy in a recent podcast interview.
    • He said Google's AI-first strategy began in 2016, and now, it's paying off with the release of its Gemini 3 model.
    • Pichai said he and Google staffers need "a bit of rest" after the release, which has been well received.

    Google's engineers have been on an AI sprint in recent weeks. Now, with a big launch in the rearview mirror, CEO Sundar Pichai says it's time to catch up on some sleep.

    "I think some folks need some sleep," Pichai said on the "Google AI: Release Notes" podcast released Wednesday. He added that hopefully he and his teams "get a bit of rest."

    On November 18, Google released its latest AI model, Gemini 3, and the company is now edging toward a $4 trillion market cap. Its stock price has surged nearly 70% this year — including a 12% jump following Gemini 3's launch.

    Gemini 3 has been well received. Salesforce CEO Marc Benioff said it marks an "insane" jump in reasoning, speed, and multimodal capabilities in a post on X this week. He added that after spending just "2 hours on Gemini 3," he's "not going back," to ChatGPT.

    The launch renewed conversations about Google potentially being the new frontrunner in the AI race, after years of ceding the title to ChatGPT maker OpenAI.

    Pichai said Google for years has quietly been laying down the foundation for a long-term AI strategy.

    "In 2016, I wanted the whole company to be AI-first," Pichai said.

    Between the development of Google Brain in 2012, the acquisition DeepMind in 2014, AlphaGo's victory in the Chinese board game Go, and the unveiling of its first tensor processing unit — its own internal chips, which it used to train Gemini — the stage was set for the tech giant's AI embrace.

    "It was clear to me in 2016, seeing all that, we are about to go through another platform shift. That was a full-stack bet on setting up Google to be an AI-first company," the CEO said.

    But Pichai said that rapid adoption generative AI presented an even bigger opportunity for the company — and that's when it kicked off Gemini. The company brought together its Google Brain and DeepMind teams, ramped its AI infrastructure, and started moving even faster, he said.

    Pichai said the core idea is to embrace a "full-stack" approach to innovation by improving everything from infrastructure to making the models better at pre-training, post-training, and test-time compute.

    But that approach to innovation takes time, Pichai said. When Google first tried to meet the generative AI moment, he said, it was short on capacity, and needed to invest in several areas to "get it to the scale," he said.

    "If you were on the outside, it would look like we were quiet, or we were behind, but we were putting all the building blocks in place, and then executing on top if it," he said.

    The tides have since turned.

    "We're on the other side now," he said.

    Read the original article on Business Insider

  • Oregon brewery founded by former Nike execs files for Chapter 7 bankruptcy after abrupt shutdown

    Rogue beer flight.
    The parent company of Oregon's Rogue Ales & Spirits has filed for bankruptcy.

    Nicolle Gonzalez/Getty Images

    • Oregon Brewing Company, parent of Rogue Ales, filed for Chapter 7 bankruptcy liquidation.
    • The brewery abruptly closed all Oregon locations after years of declining revenue and rising debt.
    • Founded by former Nike executives, Rogue Ales was a top US craft brewery with global distribution.

    Last call has come for a beloved, nearly four-decade-old Oregon brewery founded in part by three former Nike executives.

    Oregon Brewing Company, the parent company of Rogue Ales & Spirits, filed for Chapter 7 liquidation proceedings in the state's federal bankruptcy court this week.

    The Monday bankruptcy filing follows the craft beer and spirits maker's abrupt shutdown of all its brewing and restaurant locations across Oregon, according to local news reports.

    The court papers indicate that the brewery's revenue has declined in recent years, dropping from $23.5 million in 2023 to $19.6 million in 2024 to $14.9 million in the first 11 months of 2025.

    Representatives for the brewery and its bankruptcy attorney did not immediately respond to requests for comment by Business Insider on Wednesday.

    In its bankruptcy filing, Oregon Brewing Company reported that it and its subsidiaries — Rogue River Brewing Company and Yaquina Bay Beverage Company — owe nearly $17 million in liabilities and have $4.9 million in assets.

    The documents show that the brewery owes more than $594,000 in rent to the Port of Newport, where its massive production facility was headquartered, and over $510,000 in property taxes to Lincoln County.

    Nearly another $66,000 is owed to the federal government for alcohol taxes, according to the legal filings.

    The bankruptcy filing lists 1,300 "work in progress" barrels of aging whiskey among the brewery's assets. The brewery reported in the court documents that the whiskey is valued at over $2.8 million, but estimated it could only be liquidated for $975,000.

    More than $1 million worth of hops, malt, grain, and other raw brewing materials were also listed as among the brewery's assets.

    The Rogue Ales brewery, known for its Dead Guy brew, has been ranked by the Brewers Association trade group as among the 50 largest craft breweries in America.

    It was founded in 1988 by a trio of Nike veterans — former executive Jack Joyce, Bob Woodell, the company's first president, and Rob Strasser, Nike's first head of marketing, who has been described as the "man who saved Nike" — along with their friend Jeff Schultz.

    "For over thirty-plus years, Rogue has been at the forefront of Oregon's booming beer industry," the brewery's website says. "By offering an ever-changing product lineup, Rogue has developed a fan base that never knows what to expect other than the unexpected."

    The brewery, which distributed its products across the US and in more than two dozen countries, won more than 2,000 awards for taste, quality, and packaging, according to its website.

    Read the original article on Business Insider

  • The US Air Force just war-gamed how pilots would fight if they lost communications in a high-intensity future war

    Four men wearing camouflage walk in front of a large, grey aircraft on a tarmac. The sky is clear blue in the background.
    The Air Force's Agile Combat Employment concept has been a focus for years as it prepares for the potential of a conflict where it can't fully operate out of its major air bases.

    US Air Force photo by Airman 1st Class Rachel Howell

    • The US Air Force spent weeks testing how pilots and technicians would operate without communication.
    • Scenarios included losing communications and keeping aircraft operational with limited resources.
    • This is part of preparation for a conflict with a near-peer like China.

    In a future war where battlefield systems are contested, pilots could find themselves flying and fighting without consistent communications with commanders.

    The Air Force just war-gamed what such a scenario would look like, forcing its pilots to adapt by generating sorties on their own rather than waiting around for orders.

    This month, the 23rd Wing from Moody Air Force in Georgia ran Exercise Mosaic Tiger 26-1, a series of flights based around the Air Force's Agile Combat Employment strategy. Aircraft like the A-10C Thunderbolt II "Warthog" attack aircraft and HC-130J Combat King II recovery aircraft were involved in the training.

    One element included sustaining air operations should pilots and maintainers lose communications, like encrypted radio or messages, with command and control. If communications are out for 72 hours, pilots would refer to the Air Tasking Order, or the pre-determined directive that outlines daily air missions, roles and responsibilities of aircraft and units, and targets.

    "With the published Air Tasking Order (ATO) for 72 hours out, I have the ability to fall back and execute those operations for the next three days," said Lt. Col. Nathan Frey, 74th Fighter Squadron director of operations, according to an Air Force press release.

    A man loads a munition onto an aircraft, with another man in the background.
    Airmen involved in the exercise had to shift objectives based on limited maintenance resources and communications while still supporting combat sortie generation.

    US Air Force photo by Airman 1st Class Rachel Howell

    The US military's global communications and navigation are highly dependent on satellite transmissions — systems a powerful adversary could attempt to disrupt or physically damage.

    If the communications outage goes beyond 72 hours, the situation would look a lot different. Pilots would rely on pre-briefed timelines of events and the last information they have on what their commander would want. They'd be flying air operations without real-time updates.

    "If degradation lasts past 72 hours, we would shift to military-type orders that provide broad intent and allow us to coordinate with adjacent units without the detailed integration from the AOC," said Lt. Col. David Pool, 74th MGFE commander, in the press release. "That's where the Wing would step in to assist in liaising between adjacent units to conduct detailed mission planning prior to execution."

    Other parts of Exercise Mosaic Tiger 26-1 included stressing rescue and support teams in contested conditions. In the scenarios, airmen flew out of, rearmed and refueled aircraft at, and operated from small or converted airstrips. They also did jobs that weren't their focus areas, like maintaining aircraft, establishing communications, and defending base perimeters.

    "Every Airman in the squadron is tackling tasks that normally wouldn't fall in their wheelhouse," said Lt. Col. Justin May, 23d Combat Air Base commander.

    Having "multi-capable airmen" has been a focus of the Agile Combat Employment strategy for years, spreading lessons on maintenance, munitions, and logistics across airmen.

    People stand around a large grey aircraft on a tarmac at an airbase. The sky is clear blue in the background.
    Airmen run post-flight inspections on an A-10C Thunderbolt II in Florida as part of Exercise Mosaic Tiger 26-1 earlier this month.

    US Air Force photo by Airman 1st Class Rachel Howell

    Maintenance airmen from the 74th and 75th Fighter Generation Squadrons also had to meet the challenge of keeping aircraft ready to fly for lengths of time without knowing when or if they'd be resupplied.

    That meant equipment and supplies were used sparingly, and parts were reused, a far different environment for technicians than their home bases.

    "Being responsible for what supplies we do have on-site all leads back to ensuring that we stay accountable and utilize all resources available," Staff Sgt. William Flores, a crew chief with the 75th, said per the release. "Take oil, for example. If we're burning too much oil, we may want to swap jets so we're not using more oil than we can supply, and by doing that, we can maintain air operations."

    The Air Force's Agile Combat Employment concept is designed to prepare the service for a future conflict where it wouldn't be operating from big, centralized air bases but rather flying out of more spread-out, distributed places that can be as austere as a stretch of highway. The plan is one of the Air Force's potential counters to China's massive missile force, which, in a war, would target those air bases and runways to prevent US aircraft from taking off.

    Agile Combat Employment is especially relevant to the vast Indo-Pacific region where important bases like Anderson Air Force Base on Guam are within range of China's missiles.

    Read the original article on Business Insider

  • Campbell’s exec is out after alleged rant mocking ‘poor’ customers, ‘3D-printed chicken’ goes viral

    campbell soup cans
    Campbell's is weathering a firestorm over a recording that allegedly includes an executive insulting the company's products and customers.

    Scott Olson/Getty Images

    • A Campbell's VP accused of calling the company's chicken "3D-printed" is no longer at the company.
    • Campbell's said it believes Martin Bally is the voice in a secretly recorded conversation with a former employee that went viral.
    • In that conversation, he appeared to disparage Campbell's customers and employees.

    Campbell's said Wednesday that a vice president who was embroiled in a public firestorm over a lawsuit and secret recording was no longer at the company.

    The recording appeared to show the now-former executive, Martin Bally, disparaging customers and colleagues and referring to the company's chicken as "3D-printed."

    "The comments were vulgar, offensive and false, and we apologize for the hurt they have caused," the company said in a statement Wednesday. "This behavior does not reflect our values and the culture of our company, and we will not tolerate that kind of language under any circumstances."

    The accusations about the former Campbell executive, Martin Bally, were made in a lawsuit filed in Michigan on November 20 by Robert Garza, a former employee. Garza said he was unjustly fired after complaining about Bally's conduct.

    Garza said he secretly recorded a conversation where Bally — then Campbell's vice president of information technology — insulted the intelligence of "Indians," belittled customers, and blasted the company's products in a profane rant.

    Garza's law firm provided Business Insider with a copy of the recording. It wasn't included as an exhibit in the lawsuit and Business Insider hasn't verified its authenticity.

    In a sample quote from the conversation, the person in the recording said Campbell's products were "shit for fucking poor people" and "unhealthy."

    "Even in a can of soup — I look at it, and look at bioengineered meat," the person said. "I don't want to eat a fucking piece of chicken that came from a 3D printer, do you?"

    Campbell said in its Wednesday statement that it believed "the voice on the recording is in fact Martin Bally" and said the description of the food is "patently absurd. " The company said Tuesday that Bally was "on leave" before saying Wednesday that he "is no longer employed by the company.:

    The remarks caused a firestorm online and caught the eye of Florida Attorney General James Uthmeier, who said he would investigate the company because of the state's ban on lab-grown meat.

    Bally didn't immediately respond to a request for comment.

    Read the original article on Business Insider

  • I made Ina Garten’s ‘grown-up’ mac and cheese. It’s an easy Thanksgiving side dish that everyone will love.

    Ina Garten's "Grown Up" Mac and Cheese; topped with breadcrumbs
    I made Ina Garten's "grown-up" mac and cheese, and it's perfect for Thanksgiving.

    Anneta Konstantinides/Business Insider

    • I made Ina Garten's "grown-up" mac and cheese recipe. 
    • The recipe features Gruyère, extra-sharp cheddar, and blue cheese, plus bacon and breadcrumbs. 
    • I thought Garten's mac and cheese was delicious and perfect for Thanksgiving.

    The holidays are nearly upon us, which means it's time to indulge in one of the most universally beloved pastas.

    I'm talking about mac and cheese, obviously.

    I'm a huge pasta fan, especially when the recipe is by Ina Garten (I've even been ranking them!). So I decided to try her "grown-up" mac and cheese just in time for Thanksgiving.

    Ina Garten's "grown-up" mac and cheese features bacon, basil, and plenty of cheese.
    Ingredients for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    To make Garten's "grown-up" mac and cheese for four, you'll need:

    • 4 cups of elbow macaroni or cavatappi
    • 4 slices of white sandwich bread
    • 8 ounces of Gruyère cheese, grated
    • 6 ounces of extra-sharp cheddar, grated
    • 4 ounces of blue cheese, crumbled (Garten recommends Roquefort)
    • 8 ounces of thick-sliced bacon
    • 3 cups of milk
    • 4 tablespoons of all-purpose flour
    • 4 tablespoons of unsalted butter
    • 4 tablespoons of freshly chopped basil leaves
    • ½ teaspoon of freshly ground black pepper
    • Pinch of nutmeg
    First, I preheated the oven to 400 degrees Fahrenheit and prepped the bacon.
    Baking bacon for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I arranged my bacon on a sheet pan in one layer. Garten recommends placing a baking rack over the sheet pan, but I didn't have one, so I just lined mine with aluminum foil to avoid making a greasy mess.

    I cooked my bacon for 15 minutes, until the strips turned crisp, then transferred them to a plate lined with a paper towel.

    While the bacon was in the oven, I prepped my breadcrumbs and started cooking the pasta.
    Chopping basil for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I sliced the crusts off my sandwich bread, cut each slice into smaller pieces, and roughly chopped my basil.

    Then, I threw my pasta into a large pot of boiling salted water, letting it cook for around six minutes. I opted for cavatappi over elbow macaroni because I believe it's better at carrying the ooey-gooey sauce of a great mac and cheese.

    Once my noodles were al dente, I drained them and set them aside.

    And I grated a lot of cheese.
    Grating cheese for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    If you're making this for Thanksgiving, just recruit some family members to help!

    I threw my chopped bread and basil into a food processor to make the breadcrumbs.
    Homemade breadcrumbs for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    After a few pulses, my breadcrumbs were ready!

    Once the bacon had cooled a bit, I gave it a rough chop.
    Chopped bacon for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    Garten kept her bacon pieces pretty chunky while demonstrating this recipe on an episode of "Barefoot Contessa," so I did the same.

    Then, I began warming up some milk for the roux.
    Warming milk for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I heated the milk in a small saucepan, making sure not to boil it.

    While the milk was heating, I began melting my butter.
    Melting butter for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I added the butter to a pot set over medium-low heat.

    Then, I added flour to the pot with the melting butter.
    Making the roux for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I stirred the butter and flour together over low heat for two minutes.

    "This cooked butter and flour is going to act as a thickener for the sauce," Garten explained during the episode.

    As I whisked the flour and butter together, I added the hot milk.
    Making roux for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    Garten says you should cook the sauce for about one or two more minutes, until it's thickened and looks smooth.

    "It's not incredibly thick, but what it does is it just coats the spoon," she added.

    I took the pot off the heat and added all my cheeses, plus seasoning.
    Adding seasoning to roux for Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    Garten recommends adding one teaspoon of salt, some freshly ground black pepper, and nutmeg.

    "It's a really classic spice that's used in gratins," Garten says in the episode. "You won't know it's there, but it'll make everything taste better."

    I added the cooked cavatappi to the pot, as well as the chopped bacon.
    Adding bacon to Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I gave everything a good stir as a delicious cheesy scent filled my kitchen.

    Then, I poured my mac and cheese into a casserole dish.
    Ina Garten's "Grown Up" Mac and Cheese before going in oven

    Anneta Konstantinides/Business Insider

    Garten used individual gratin dishes while making this on "Barefoot Contessa" since she was only making it for herself and her husband, Jeffrey.

    Since I doubled the recipe to make dinner for my family, I used a 12-inch casserole dish, which was the perfect size.

    I sprinkled my breadcrumbs over the mac and cheese and threw the dish into the oven.
    Adding breadcrumbs to Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    I didn't use all of the breadcrumbs because I had already fully covered the top, but my family later said they wished there had been more — so I recommend using every last crumb!

    If you're planning to make Garten's "grown-up" mac and cheese the day before, just throw your dish into the fridge overnight and bake it right before you want to serve it.

    Garten says to bake the mac and cheese for 35 to 40 minutes, but my pasta didn't need that long.
    Ina Garten's "Grown Up" Mac and Cheese out of the oven

    Anneta Konstantinides/Business Insider

    While reading reviews of Garten's recipe on the Food Network's website, I saw that many people said their mac and cheese had turned dry after baking it for the recommended amount of time. They suggested baking the pasta for 25 minutes or less.

    I checked my mac and cheese at the 20-minute mark and saw the breadcrumbs were already starting to brown. At the 25-minute mark, they were beautifully golden, so I took my dish out of the oven.

    Not all ovens are made equal, so check your mac and cheese as you go.

    My pasta was still bubbling as I started to serve dinner, and it looked like a creamy, cheesy dream.
    Ina Garten's "Grown Up" Mac and Cheese, with breadcrumbs

    Anneta Konstantinides/Business Insider

    The sound of the bubbling sauce was so satisfying that I couldn't resist taking a few videos of it.

    My family watched with excitement as I dug my spoon through the breadcrumbs and pulled up a scoop of ooey-gooey noodles. Dinner couldn't come soon enough!

    Garten's "grown-up" mac and cheese is easy, delicious, and a great Thanksgiving side dish.
    A bowl of Ina Garten's "Grown Up" Mac and Cheese

    Anneta Konstantinides/Business Insider

    My parents and sister were huge fans of Garten's mac and cheese.

    The texture is velvety rather than cloying, and I loved the balance of flavor between the Gruyère, cheddar, and blue cheeses. The Roquefort adds a bit of tang, so if you're making this for someone who really dislikes blue cheese, maybe only use half so you're still getting the depth that it adds. Personally, I'm not a huge blue cheese fan, but I didn't find it overpowering.

    I also loved how the smoky bacon cut through the cheesiness — I'd even recommend throwing in an extra slice or two. The crunchy breadcrumbs on top were also a huge hit, adding a lovely contrast to the creamy noodles underneath (definitely don't skimp on them).

    I think the flavors of Garten's mac and cheese are perfect for a holiday side and would pair well with turkey. We even enjoyed eating it as a main course for dinner.

    If you're looking for a great traditional Thanksgiving dish with a twist, Garten's "grown-up" mac and cheese is a great pick.

    Read the original article on Business Insider

  • Want to build wealth? Here’s how Warren Buffett does it

    a smiling picture of legendary US investment guru Warren Buffett.

    When it comes to building wealth, few names carry more weight than Warren Buffett.

    The Oracle of Omaha has turned a modest investment partnership in the 1950s into one of the greatest fortunes ever created, largely by following a simple, disciplined approach that almost any investor can replicate.

    You don’t need millions, you don’t need special access, and you don’t need to pick the next hot tech stock.

    Buffett’s strategy is built on timeless principles that work just as well on the ASX as they do on Wall Street. Here’s how he does it, and how you can apply the same approach today with ASX shares.

    Buy wonderful businesses

    Warren Buffett learned early in his career that buying low-quality companies just because they looked cheap was a mistake. Instead, he shifted his focus toward what he famously calls wonderful businesses at fair prices.

    These are companies with strong competitive advantages, steady demand, dependable earnings and loyal customers. On the ASX, businesses like ResMed Inc. (ASX: RMD), Goodman Group (ASX: GMG) and Xero Ltd (ASX: XRO) all share similar characteristics. They have pricing power, sticky customer bases, and long runways for growth. These are the types of companies Buffett would likely gravitate toward.

    The lesson? Don’t chase what’s beaten down, chase what is durable.

    Think in decades

    One of Buffett’s most repeated lines is that “our favourite holding period is forever.”

    He doesn’t buy stocks to flip them. He buys them the way you would buy a house, to hold for the long term. That mindset allows compounding to do the heavy lifting. Just like ResMed steadily expands its addressable market or TechnologyOne Ltd (ASX: TNE) builds recurring revenue year after year, the companies you own become more valuable simply by doing what they do best.

    For everyday investors, this means resisting the urge to trade on every market wobble.

    Avoid speculation

    Warren Buffett famously avoids businesses he doesn’t fully understand, and that discipline has kept him out of more trouble than most investors realise. You don’t need to understand every industry. You just need to invest in ones where the drivers of long-term value are clear.

    In Australia, that might mean supermarkets, healthcare, infrastructure, technology, or property. You don’t have to chase crypto miners or speculative biotechs to build wealth. Buffett wouldn’t, and you don’t need to either.

    Keep it simple

    If Buffett were starting again today with a more modest sum, he has said repeatedly that he would simply buy a low-cost S&P 500 index fund and hold it for life.

    On the ASX, that’s as easy as buying an ETF like the iShares S&P 500 ETF (ASX: IVV).

    Sometimes the simplest strategy is also the best one.

    Foolish takeaway

    Buffett’s wealth wasn’t built on bold predictions, complex trading strategies, or timing the market. It was built on discipline, patience and buying high-quality businesses at sensible prices.

    Do those three things consistently and time will do the rest.

    The post Want to build wealth? Here’s how Warren Buffett does it appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Goodman Group right now?

    Before you buy Goodman Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Goodman Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See the 5 Stocks

    * Returns as of 18 November 2025

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    Motley Fool contributor James Mickleboro has positions in Goodman Group, ResMed, Technology One, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, ResMed, Technology One, Xero, and iShares S&P 500 ETF. The Motley Fool Australia has positions in and has recommended ResMed and Xero. The Motley Fool Australia has recommended Goodman Group, Technology One, and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why I think these 2 ASX growth shares are great buys today

    Sport trainer talking to little girl who is climbing wooden ladder in gym.

    ASX growth shares can generate some of the strongest returns over time, but there can be plenty of volatility along the way. I’m going to highlight two companies that have exciting futures and whose recent valuation declines have made them appear better value.

    It’s normal for fast-growing businesses to sometimes experience a bump. There have been numerous sell-offs, for example, of Amazon and Microsoft shares over the last 30 years. Those dips were opportunities.

    I’m not expecting the following two businesses to do as well as the US tech giants, but the future looks positive for these stocks.

    Pro Medicus Ltd (ASX: PME)

    Pro Medicus is one of the most impressive ASX growth shares, in my view. It provides a full range of medical imaging software and services to hospitals, imaging centres, and healthcare groups in Australia and internationally.

    The company is winning a lot of new contracts, which is driving its earnings higher at a rapid rate. In this month alone, it has announced multiple contracts worth a total of $73 million. Large clients are clearly loving what they’re seeing with the offering.

    This new revenue is extremely valuable to the business because it has an underlying operating profit (EBIT) margin of 74% (as of FY25). That means almost three-quarters of revenue is turning into EBIT, which is a very high proportion. This is helping drive the bottom line and dividends to higher levels at a growth rate of more than 30% (in FY25).

    Its FY25 revenue rose 31.9% and it seems the company is set to deliver further strong growth for the foreseeable future.

    The ASX growth share still has a high price-to-earnings (P/E) ratio, but it appears considerably cheaper after the Pro Medicus share price declined by 20% since July, as the chart below shows.

    Temple & Webster Group Ltd (ASX: TPW)

    This company sells homewares and furniture online. The ASX growth share took a hammering yesterday after delivering a trading update that didn’t live up to expectations. I think this is a long-term buying opportunity.

    Revenue between 1 July 2025 and 20 November 2025 grew by only 18% year over year, compared to the 28% growth achieved between 1 July and 11 August 2025. It’s clear there has been a major slowdown since August.

    However, the company has a long history of delivering strong growth, so I believe this is just a temporary hit for the ASX growth share rather than a permanent situation.

    For starters, the overall Australian furniture and homewares market only recently reached 20% online penetration. In the US and UK markets, online penetration has climbed to 29% and 35%, respectively, suggesting a further increase in e-commerce adoption by shoppers.

    With 18% revenue growth for the financial year to date, the company is still gaining market share, giving it more market power and economies of scale.

    The business noted a number of other positives in its AGM update – it’s starting to ship products to New Zealand, its home improvement revenue rose over 40% year over year, and the trade and commercial revenue increased 23% year over year.

    I’m expecting the company’s revenue to be significantly higher in five years, and the profit margins should climb thanks to operating leverage and specific efforts the ASX growth share is making to improve efficiencies, leverage AI, and enhance technology across the business.

    The post Why I think these 2 ASX growth shares are great buys today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Pro Medicus right now?

    Before you buy Pro Medicus shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Pro Medicus wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See the 5 Stocks

    * Returns as of 18 November 2025

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    Motley Fool contributor Tristan Harrison has positions in Pro Medicus and Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Microsoft, and Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended Amazon, Microsoft, Pro Medicus, and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 2 reasons to distance yourself from Tesla in 2025, according to Warren Buffett logic

    Electric vehicle such as Tesla being charged at charging station.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Key Points

    • Warren Buffett evaluates companies based on reputation, management, and competitive advantage.
    • The CEO is a risk to the Tesla brand and leadership.
    • Tesla is losing market share despite industry growth.

    EV company Tesla (NASDAQ: TSLA) has had a rough year. One on hand, EV sales rose in quarter three, and the energy business is growing steadily. On the other hand, EV tax credits expired in September, and the Pew Research Center has polled declining support for solar and EVs. 

    While meaningful, these may be short-term headwinds. Going deeper, we’ll look at Tesla through the lens of Warren Buffett, one of the greatest investors of all time. Warren Buffett’s partner, Charlie Munger, strongly suggested that investors “invert, always invert” when considering investments.

    Here, we’ll invert by swapping “reasons to invest in Tesla” with “reasons to distance yourself from Tesla.” In doing so, we can quickly pinpoint who might be better off investing elsewhere. 

    1. Tesla’s CEO has reputation issues and lacks focus

    Trust is crucial to any business. Warren Buffett has said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” I think Tesla has stumbled more than once here. The EV company — CEO Elon Musk in particular — has built a reputation not just for excellent cars, but for partisan politics. That’s worrying.

    People associate Tesla’s brand with Elon Musk’s politics. A 2025 study by the nonpartisan National Bureau of Economic Research suggests that Tesla sales between October 2022 and April 2025 would have been 67-83% higher (1-1.26 million more vehicles sold) had the Tesla CEO avoided polarization. If so, this may be why trailing 12-month vehicle deliveries peaked at ~1.8m in Q3 of 2023. Despite slashing Tesla prices 20% in 2023, deliveries have remained flat or down.

    Mr. Musk also poses a growing risk to management. In a 1996 Berkshire Hathaway shareholder letter, Warren Buffett says, “Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.”

    Elon Musk’s attention seems sporadic. He has founded seven companies and is actively participating in six (Tesla, SpaceX, Neuralink, xAI, X.com, The Boring Company). In 2024-2025, he spent months at the White House running the Department of Government Efficiency (DOGE). After that, he floated the idea of a third political party to X.com users.

    The risk of Elon Musk losing focus on Tesla is so high that the company’s board of directors has released a letter to the public, urging shareholders to approve a pay package that could be worth a trillion dollars, in order to prevent Elon from leaving the company. Recently, shareholders approved the package.

    While the pay package does a good job of aligning incentives, it’s no guarantee that Elon Musk will prioritize Tesla.

    2. Tesla lacks a durable competitive advantage

    Competition is something to watch. In a 1999 Fortune Magazine interview with Carol Loomis, Warren Buffett says, “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.” Tesla produces excellent cars, and its growing automation efforts may significantly impact society. But it seems to lack a moat that protects its share of the EV market.

    Declining EV sales isn’t a global problem; it’s a Tesla problem. Trailing 12-month deliveries of Tesla vehicles reached a peak in 2023. However, global EV sales increased from over 13 million to 17 million between 2023 and 2024. In the U.S., Tesla’s home turf, sales of EVs rose from 1.2 to 1.3 million. All this indicates stiffer competition in what should be Tesla’s strongest region (the U.S.). Unfortunately, Tesla has far from recovered. By August 2025, Tesla’s U.S. market share of EVs fell from 80% to 38%, an eight-year low.

    Global competition is already stiff and rising. Chinese groups BYD (OTC: BYDDY) and Geely (OTC: GELYY) boast the greatest market share and are growing. (Berkshire Hathaway purchased BYD shares in 2008, selling in 2025 for a tidy profit.) According to a study by SNL Research, Tesla hasn’t just lost market share in every major market. It’s the only top global EV company with a negative growth rate (-11% between January and August 2025, by deliveries).

    I think it’s worth asking whether Tesla’s current business can withstand competition in EV sales, its biggest revenue generator. It had a first-mover advantage, but Tesla’s momentum is gone.

    Risk is leadership and competition

    If I were Warren Buffett, I’d take issue with Tesla’s CEO (poor reputation, unfocused) and lack of competitive advantage. Tesla’s CEO poses a long-term risk to trust and focus, and Tesla is losing market share to competition. I’ll be holding off on adding to my Tesla position until I’m confident that Tesla’s CEO will prioritize Tesla. Until then, I’m better off investing in higher-confidence businesses. 

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    The post 2 reasons to distance yourself from Tesla in 2025, according to Warren Buffett logic appeared first on The Motley Fool Australia.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Should you invest $1,000 in Tesla right now?

    Before you buy Tesla shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Tesla wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See the 5 Stocks

    * Returns as of 18 November 2025

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    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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    Cole Tretheway owns Tesla stock. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended BYD Company. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • The most jaw-dropping number you may have missed from Nvidia’s latest earnings report

    Woman and man calculating a dividend yield.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Key Points

    • Nvidia stock surges after delivering yet another record quarter.
    • Nvidia is on its way to becoming the most profitable company in the world.
    • Nvidia’s sustained momentum depends on a handful of key customers.

    Nvidia (NASDAQ: NVDA) rocketed as much as 6.5% higher in after-hours trading on Nov. 19 after reporting third-quarter fiscal 2026 results and issuing fourth-quarter guidance.

    While some investors may have been focused on the revenue and earnings per share (EPS) beats, the most jaw-dropping number of the report was hiding in plain sight.

    Here’s what blew me away about Nvidia’s recent quarter, and why the artificial intelligence (AI) growth stock remains a great buy now.

    Nvidia’s revenue growth is mostly profit

    Nvidia grew revenue by $21.92 billion compared to the same quarter last year, but the cost of revenue grew by just $6.23 billion, and operating expenses only grew by $1.17 billion.  This means that Nvidia is converting the bulk of additional revenue into operating income.

    Despite fears that Nvidia’s margins would compress due to competition and increased research and development spending, Nvidia’s operating margin was actually higher this quarter than in Q3 of fiscal 2025. More importantly, Nvidia converted a staggering 56% of revenue into after-tax net income.

    With $31.91 billion in net income generated in the quarter, Nvidia will likely eclipse Alphabet within the next year as the most profitable U.S. company — and probably the most profitable company in the world unless oil prices, and, in turn, Saudi Aramco‘s profits surge.

    Nvidia is thriving, but risks remain

    Nvidia gets a lot of attention for its stock price, but the performance of the business is what long-term investors should continue to focus on.

    There’s simply no company in the world remotely close to Nvidia’s size that is growing earnings this quickly. The combination of industry leadership, high margins, and technology at the epicenter of AI data centers makes Nvidia a compelling long-term investment.

    As for the valuation, Nvidia is priced as if it is going to continue growing earnings by double digits quarter over quarter. For that to happen, its key customers — the hyperscalers building out data centers and training AI models — need to keep spending. These hyperscalers must continue to generate strong cloud computing growth from key customers across various sectors. But to do that, compute and AI spending need to be profitable for cloud customers. The whole value chain breaks if end user spending isn’t paying off.

    As excellent as Nvidia’s results are, it would be a mistake to overlook the double-edged sword that Nvidia holds as the undisputed leader in data center computing and networking. Nvidia is the single biggest beneficiary of increased AI capital, but it would also be one of the hardest-hit companies during a critical slowdown.

    Fortunately for long-term investors, Nvidia has $60.61 billion in cash, cash equivalents, and marketable securities on its balance sheet, compared to just $7.47 billion in long-term debt. Paired with its ultra-high margins, Nvidia is undoubtedly the best-positioned AI company to ride out a slowdown.

    Nvidia is still a buy

    Nvidia is the poster child of today’s top-heavy, premium-priced market. What separates Nvidia is that the stock’s run-up is supported by solid fundamentals, whereas other pockets of the market have valuations that are arguably overextended.

    All told, Nvidia is still a good buy for investors who believe in a sustained ramp-up in hyperscaler AI capital expenditures.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    The post The most jaw-dropping number you may have missed from Nvidia’s latest earnings report appeared first on The Motley Fool Australia.

    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

    Should you invest $1,000 in Nvidia right now?

    Before you buy Nvidia shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nvidia wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See the 5 Stocks

    * Returns as of 18 November 2025

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    This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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    Daniel Foelber has positions in Nvidia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet and Nvidia. The Motley Fool Australia has recommended Alphabet and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.