The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Friday, August 5, 2011

Told you so XXXXVI: Aussie sharemarket performance (charts)

For years we have been (until recently) a relatively lonely voice arguing that super funds are overexposed to Aussie and global shares, which are poor investments on a risk-adjusted basis, and underweight cash and fixed income. We showed everybody the mean-variance optimisations, and tried to get the media to concentrate on less sexy but safer alternatives. Yet people kept on diving in...Another day, another 4-5% drop in the sharemarket's value...

at 11:44 AM