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."

Wednesday, November 16, 2011

Very good feature on merits of cash investments in AFR

Well done to Zoe Fielding for writing this very solid piece on the pros and cons of cash and fixed-income. Well worth a read. Pity the equity promoter at the end forgot to mention the 72% peak-to-trough decline in shares in 2007-08 (using daily data).