Episode
“There’s always a bull market somewhere in small caps” - Tobias Bucks
- Published
- Apr 6, 2026
- Duration seconds
- 2940
- Processing state
not_requested- Canonical source
- https://shows.acast.com/equity-mates/episodes/tobias-bucks
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Summary
If the last decade was about buying growth at any price, this episode is a reminder that valuations still matter. Tobias Bucks (Ausbil) returns to Equity Mates to explain why the next winners may come from overlooked global small caps tied to electrification, defence, data centres and the rebuild of the grid. In this episode: 0:00 What Tobias has changed his mind on 3:14 Growth investing biases and why valuation matters 9:04 Where the bull markets still exist in small caps 12:04 AI infrastructure boom: are we near peak CapEx? 18:03 Tobias’ investing process: finding quality small caps 25:25 Stock deep dive: Mueller Industries 36:06 Stock deep dive: NKT ETFs & Stocks mentioned: Trade Desk (NASDAQ: TTD), Ausbil Global Small Caps Fund, Ausbil Global Small Cap ETF, Mueller Industries (NYSE: MLI), NKT (CPH: NKT), Alphabet (NASDAQ: GOOGL), Oracle (NYSE: ORCL), NVIDIA (NASDAQ: NVDA), Prysmian (BIT: PRY), Nexans (EPA: NEX), S&P 500 Index (INDEXSP: INX) This episode features insights from Ausbil Investment Management. Please refer to Ausbil’s disclaimer here . ——— Want to get involved in the podcast? Record a voice note or send us a message And come and join the conversation in the Equity Mates Facebook Discussion Group . ——— Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered . Keep up with the news moving markets with our daily newsletter and podcast ( Apple | Spotify ) We’re particularly excited to share our latest show: Basis Points Listen to the podcast ( Apple | Spotify ) Watch on YouTube Read the monthly email ——— Looking for some of our favourite research tools? Download our free Basics of ETF handbook…