The GSX Podcast

In this episode of the GSX Podcast, I sit down with Kim Morison, founder of Argyle, to explore one of Australia’s most overlooked investment assets: water. Drawing on a career that spans commodity trading, agriculture and funds management, Kim explains how Australian water entitlements work, why they can offer both income and capital growth, and how they fit into the broader evolution of irrigated agriculture. We also discuss the rise of higher-value crops, the complexity of regional water markets, and the lessons learned from building a pioneering business through both growth and adversity.

In this episode of the GSX podcast, host Henry Walsh interviews Mike Coleman, a veteran in the commodity markets with over 43 years of experience. Mike shares his journey from starting at Cargill to launching the Merchant Commodity Fund, discussing the evolution of commodity trading, the impact of financial markets, and the unique appeal of commodities. He emphasizes the importance of active management in commodities and reflects on the changing dynamics of the market, including the challenges and opportunities for investors today.

The conversation delves into the evolving landscape of commodities and trading, focusing on the coffee industry and the challenges faced in commodity trading. It explores the growth and expansion of Sucafina, the investment in real assets, financing, market volatility, and risk management. Additionally, it discusses the importance of communication and crisis management in the industry. The conversation covers the optimization of internal meetings for productivity, the transferable skills from trading to business operations, and the potential for vertical integration in the coffee industry. It also highlights the challenges of communication in a digital workspace and the impact of high prices on market liquidity.TakeawaysCoffee industry growthChallenges in commodity tradingCommunication and crisis management Internal meetings reduced for productivityCommunication challenges in a digital workspace

In our first episode with a guest, we speak with Mark Allen, CEO of Thera Capital Management, an Australian non-bank lender focused on food and agricultural production. We discuss Mark's background in agriculture and commodities, the industry landscape in Australia and what lessons from operating in a trading environment can be useful in other industries.

On the first episode of the GSX Podcast, myself and John Watson discuss who we are, our careers to date and the opportunities in the commodity industry.