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Brilliant Investment Thinking by Advisers for Advisers.
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Purposeful engagement is more effective than shareholder activism

Shareholder activist groups are diverting company management's time and energy towards narrow environmental and social causes. We explore why active ownership...

Assessing the impact on Australian small caps

The COVID-19 global pandemic is unfolding quite differently to all other major market events seen through history. Governments globally are facing a delicate...

Not even normal for a crash

Stock markets have crashed, we can be confident of that. History suggests there is no quick recovery from crashes like these, which means lasting consequences...

A 10-point plan to avoid recession

The world economy is teetering on a knife edge: the Chinese and Indian economies were slowing even before the COVID-19 Coronavirus, and as Australia was...

Scrutiny will lead to improved outcomes

Over the last few weeks there has been a heightened level of debate concerning Listed Investment Companies (LICs) and Listed Investment Trusts (LITs). As...

We need to modernise how we measure national wealth

I recently tried an experiment. I changed several light bulbs, and since one required a little rewiring, I sent my wife (also known as the majority...

Limiting cash payments to $10,000 is more dangerous than you might think

We are used to being able to pay for things with legal tender. Other than in special circumstances, refusing to accept cash can have legal consequences.

The robbery of the century

It has been called "the robbery of the century". Martin Shields and Nicholas Diable, two British investment bankers, are on trial in Germany for helping...

Does monetary policy work any more?

In its latest quarterly statement on monetary policy, the Reserve Bank of Australia declared its preparedness to "ease monetary policy further if needed".

Six positive catalysts that could surprise investors

Over the last year, 10-year German Bund yields have gradually declined. Investor sentiment deteriorated over the course of this period as the US-China trade...

The rise and fall and rise again of businesses serving more than just their shareholders

What's the purpose of a business? For a long time, the textbook answer to that question has been purely "to make as much money as possible for its...

Markets may be expecting too much of central banks

The third quarter capped the best year-to-date return for the Bloomberg Barclays US Aggregate Bond Index since the first nine months of 2002. Although bond...

Failing to pass on the full rate cut needn't mean banks are profiteering

The unwillingness of the major (and other) banks to immediately cut their headline mortgage rates by as much as the Reserve Bank cuts its cash rate always...

In Australia, inequality is almost all about housing

Compared with the rest of the world, income inequality is not particularly high in Australia, nor is it getting much worse. The real problem is housing...