The Contrarians with Adam and Adir

AI Money Furnace, Lottery Deep Dive, Fair Work Loses the Plot and AirTree Fight Goes Public

The Contrarians with Adam and Adir

Show Notes

Adam and Adir dig into whether businesses are actually generating enough economic value from AI to justify the enormous amount being spent on it, before unpacking a controversial Fair Work ruling involving an Uber driver. They also take a deep dive into The Lottery Corporation’s monopoly economics, digital migration and valuation, before turning to the increasingly public intrigue around AirTree, Eucalyptus and the AFR.

00:00 - Intro and The Grand Final Public Holiday 05:15 - Coles, Finish and Dishwasher Tablet Pricing 12:28 - The Cost Of Eating Around The World 20:10 - Is AI Actually Creating Economic Value? 41:33 - Uber and The Fair Work Commission 51:20 - The Lottery Corporation Deep Dive 1:20:39 - AirTree, Eucalyptus and The AFR

Join us on Substack for articles, news and more: https://www.thecontrarianspod.com/

More from The Contrarians with Adam and Adir

Oct 20, 2026

Adam and Adir unpack the latest fallout from Australia’s surcharge ban, the rise of PayID and PayTo, Victoria’s new auction rules and a software developer recreating products like Photoshop with AI.

Oct 16, 2026

Adam, Adir and Scott Middleton from Terem Capital take a deep dive into Washington H. Soul Pattinson, the $18bn ASX giant hiding in plain sight.

Oct 12, 2026

Adam and Adir unpack the fallout from Melbourne Marathon weekend, the surprising decline in alcohol consumption and the latest consequences of Australia’s surcharge changes, before John Stensholt joins the show to break down the spectacular collapse of Firmus’ planned ASX float.

Oct 9, 2026

Adam and Adir unpack the ugly founder and shareholder battle at Blackmagic Design, what it says about minority ownership and why a strong shareholders agreement matters.

Oct 9, 2026

Join us on Substack for articles, news and more: ⁠https://www.thecontrarianspod.com/⁠

See all episodes →