
Chanticleer End of year special: Chook Awards and stocks to watch in 2026
54 snips
Dec 19, 2025 Katie Hudson, Head of Australian Equities Research at Yarra Capital Management, discusses key trends shaping the markets for 2026. She highlights the risks of passive ownership affecting market efficiency and shares insights on the potential winners and losers in AI. Hudson also explores gold's role in portfolios amidst production challenges and outlines investment opportunities in compounders and contractors linked to defense and renewables. The conversation wraps up with a listener question on navigating cultural barriers for companies looking to expand into Asia.
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Optus Outage And DroneShield Governance Fail
- James criticises Optus after its triple-zero outage occurred days after the CEO listed lessons at a summit.
- Anthony also flags Droneshield's insider selling as a governance failure that damaged reputation.
Founder Adoration Met Governance Reality
- Katie Hudson says 2025 was when founders 'came unstuck' and markets punished weak governance.
- She argues founder charisma needs counterbalancing governance guardrails to avoid blowups.
Passive Investing Creates Mispricing
- Katie argues growing passive ownership increases short-term price noise but creates long-term inefficiencies.
- She sees this as an opportunity for long-horizon active investors to exploit mispricings.






