In this episode of Intelligent Investment Today, we take a deep dive into the world of bonds and fixed income investing — and explore why Benjamin Graham believed many investors misunderstood the risks involved.

While bonds are often presented as “safe” investments, the reality is far more complex. We examine the critical differences between government bonds, corporate bonds, secured debt, unsecured debt, senior debt, subordinated debt, and high-yield bonds.

You’ll learn:

• What bonds actually are and how they work
• Why not all bonds carry the same level of risk
• The difference between secured and unsecured debt
• How capital structure and repayment hierarchy affect investors
• Why bond yields can sometimes signal hidden danger
• What liens, seniority, and subordinated debt mean in practice
• Why Benjamin Graham warned against reaching for yield
• How intelligent investors think about downside protection and credit risk

This episode is essential listening for anyone interested in value investing, fixed income markets, portfolio construction, credit analysis, and long-term risk management.

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What can a mindset book teach us about investing?

In this episode of Intelligent Investment Today, David Coombs explores the surprising connection between The Subtle Art of Not Giving a F*ck and the principles of value investing.

From ignoring short-term market noise to staying disciplined during volatility, this episode examines how selective focus, emotional control, personal responsibility, and long-term thinking can shape better investment decisions.

Because successful investing is not about reacting to everything — it’s about focusing on what truly matters.

Topics include:

• Why market noise leads to poor decisions
• The importance of emotional discipline
• Handling volatility and uncertainty
• Long-term thinking in value investing
• The psychology behind successful investors
• Why simplicity often outperforms complexity

A thoughtful exploration of mindset, behaviour, and the timeless principles of value investing.

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In this episode of Intelligent Investment Today, we explore a powerful and often overlooked idea attributed to Warren Buffett:

“If your salary is your only income, you are only one step away from poverty.”

At first glance, the statement may seem extreme. But as we unpack it, a deeper message emerges — one about financial vulnerability, behavioural habits, and the true foundations of long-term wealth.

This episode examines why relying on a single income source creates risk, regardless of how much you earn, and how building additional streams of income can provide stability, flexibility, and peace of mind.

We also explore the behaviours that stand in the way — from lifestyle inflation and impulse spending to the challenge of delayed gratification — and why financial independence begins not with investing, but with how we manage what we already have.

Because the real lesson behind Buffett’s quote is not about fear.

It is about control.

About reducing dependence, building resilience, and making decisions that support your future — not just your present.

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