Value traps and income conviction with Andrew Hamilton from Antares Capital

Australian investors tend to underestimate the role dividends play in long-term returns. Antares Capital's Andrew Hamilton has spent more than two decades building income strategies around them. In this episode, Hamilton lays out why a rising yield is sometimes a warning sign rather than a buying opportunity, how franking credits transform the real value of equity income, and what keeps a concentrated income portfolio robust through market cycles. The conversation also covers the balance between durable income today and growth for tomorrow, and why the fundamentals of dividend investing have not changed across three decades.