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."

Monday, December 12, 2011

Verrender on superannuation (I've been saying this for years)

The SMH's Ian Verrender has a good article today on the problems inherent in our superannuation system. While he understandably does not acknowledge the tens of thousands of words I have previously published outlining exactly the same arguments over the last four years in rival publication Business Spectator (and elsewhere), he is worth a read if you want a refresher on the subject. I also liked how he has fused my points on the importance of capital structure and debt vs. equity risks with my critique of asset-allocation in the super system.