Hi QAVVERS,
I don’t have much to report this week. I’ve had to sell a few stocks from our Light portfolios this week, more than usual, so that’s perhaps an early indicator of the way the market is heading… or it could be nothing. Time will tell. Let’s just keep following the rules.
AUSTRALIAN MARKET UPDATE
The All Ordinaries rose 0.19% over the five trading sessions to Thursday 15 October 2026, closing at 8,840.40.
U.S. MARKET UPDATE
The S&P 500 fell 1.06% over the five trading sessions to Wednesday 14 October 2026, closing at 7,718.94.
So, let’s get into my weekly updates and see where we are at.
All the Best, Cam
QAV MYTH KILLERS
The Naked Rhino
To prepare for my Renaissance podcast this week, I’ve been reading about the great German artist, Albrecht Dürer, best known for the engravings he did as illustrations for printed books. He also painted on canvas and worked in other materials, having trained originally under his father, a goldsmith.
STOCK ANALYSIS OF THE WEEK
Australian Members can check out the stocks we traded in QAV Australian Light portfolios this week.
American Members can check out the stocks we traded in QAV American Light portfolios this week.
Tony did a Pulled Pork on Kelly Partners Group (KPG) this week, an accounting roll-up whose CEO’s margin lending habit wiped out roughly two-thirds of the share price. Find the full deep dive in the podcast link below.
This week on the American podcast I did a Pulled Pork on APA Corporation, the oil producer that trades on the Nasdaq under the Apache brand, which included the story about one of its founders who was a WWII pilot who detoured over Nagasaki to see the mushroom cloud before going on to build an oil empire. Check the link below for the full episode.
BUY LIST
Each week, we produce a buy list based on our value investing system that we share with our QAV Club members. The intended primary purpose of this buy list is for club members to use as a reference for comparing their own buy list. In theory, all of our buy lists should look pretty similar each week.
AUSTRALIAN BUY LIST
QAV Value Investing Buy List (AU) 2026-10-10
U.S. BUY LIST
QAV Value Investing Buy List 2026-10-11
PORTFOLIO PERFORMANCE
We compare our performance to what we think is the most relevant benchmark (SPDR 200 in Australia, S&P500 in the USA), but if you’re new to investing, these comparisons might not mean much. Instead, you can compare our performance to the top-performing Super Funds in Australia and see why an amateur active investor (who has a system to follow) can out-perform most of the “professionals”.
We publish a fresh performance snapshot once a month. Weekly noise doesn’t tell you much in a value-investing system — what matters is the trend.
October 2026 performance snapshot.
Australian Model Portfolio: No trades this week.
American Model Portfolio: No trades this week.
Become a QAV Light Member today and start your investing on the right track
If you want to find out what we’re trading in QAV Light each week, sign up to become a member. You’ll get an email from me every Monday letting you know what we’re buying and selling in that portfolio. You can choose to copy our trades or not. It’s the easiest way to start your rules-based investing career… and you don’t even need to know the rules. I’ll follow the rules for you. It’s a good first step to eventually becoming a QAV Club member and learning how to run the system by yourself.
QAV LIGHT: He already knows where they are.
(Note: Americans interested in joining QAV Light or Club please go here instead.)
Add QAV America — US stocks, the same QAV method
Already a QAV member? You can add QAV America as your second membership at 50% off — US-listed stocks, the same QAV approach, billed in AUD through this site (just one payment to keep an eye on). Add QAV America →
Not a QAV member yet? Join QAV first, then you can add QAV America at the 50% member rate.
THIS WEEK’S EPISODES
Qualitas Ad Valorem Principia Mathematica: QAV America #74
STOCK NEWS AND UPDATES
COMMODITIES
This week the big changes to commodities were the following:
| Commodity | Status |
|---|---|
| Gold (USD) | BUY |
| Lithium | SELL |
DISCLOSURE
Please review our trading and disclosure policy.
SIGNING OFF
SSDD!
- Cam
That’s it for the week!
QAV A GOOD SHAREMARKET!
Got a question? info@qavamerica.com
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