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Brilliant Investment Thinking by Advisers for Advisers.
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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...

Talk about an index fund bubble is very passive-aggressive

If you've seen the movie The Big Short you will remember Christian Bale's quirky character Michael Burry - the manager of the Scion Capital hedge fund who...

Why now is the right time for value

The past two years have seen poor performance for value style indices and typical value managers globally, and stronger performance for momentum, growth and...

The end of shareholder capitalism

Capitalism's days may be numbered - at least judging by recent polls. A majority of millennials reject the economic system, while 55 per cent of women aged 18...

Developing a Trumptweet investment strategy

On August 1, President Trump sent four tweets about China. With tweet three, which talked about additional tariffs on US$300 billion of goods exported from...

Proceed with caution in emerging markets

Investing in emerging markets is a bit like making a soufflé: it's a courageous undertaking fraught with the risk of things not working out as hoped. EM...

Will business and consumer confidence converge?

Global consumer and business confidence have diverged, a trend that started in 2018. It is otherwise pretty rare, only occurring two other times over the last...

Phony competition inducing consumer paralysis

Do you think you are paying more than you should for energy, banking, insurance, internet and phone services? You are not alone, and you are probably right.

The greening of China

I recently returned from a research trip to China and was struck by how seriously environmental issues are now being taken by government and town planners. As...

Taking ESG beyond impact investing

For fixed-income investors, understanding environmental, social and governance (ESG) factors - as they are financially material to performance - has proven to...

New Zealand's search for an alternative to GDP

Last week's wellbeing budget in New Zealand was based on the Livings Standards Framework (LSF), a set of wellbeing measures that include cultural identity,...

What Tversky and Kahneman Could have Told Shorten

The Australian Labor Party's 2019 election campaign showed a depth and breadth of economic policies rare for an opposition party to present. Its policy agenda...