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Graham

Jeff Bezos of Amazon's Shareholder Letter 2013

* Is there any major company in the world that has such a focus on the customer as Amazon, sometimes even at the expense of shareholders. Here's Jeff Bezos's explanation.

Australia is the new Switzerland

* This article proposes that Australia is 'the new Switzerland', as we are not printing money and we have tiny public debt.

Health warning: long and technical discussion for bank liquidity geeks only

In Cuffelinks on 2 April 2013, we posted an article on bank liquidity. Alun Stevens, Principal at Rice Warner Actuaries, took issue with some of the conclusions, and a lively debate followed. Warning: very long and technical.

Michael Porter's Social Progress Index

Traditional indicators of economic growth do not tell the whole story of a country’s progress. In the new Social Progress Index, Australia ranks 7th overall of the 50 countries studied, but 3rd for 'Opportunity'.

Ten funding models for nonprofits

* Nonprofit organisations need clear and succinct conversations about their long- term funding strategies. This article provides 10 funding models to consider.

Consider a LIC before you bite into equities

When the opportunity comes along to buy one of the long-established LICs at a good discount, it's the nearest thing to a free lunch the equity markets will give to a long-term investor.

Latest Updates

3 ways to fix Australia’s affordability crisis

Our cost-of-living pressures go beyond the RBA: surging house prices, excessive migration, and expanding government programs, including the NDIS, are fuelling inflation, demanding bold, structural solutions.

Superannuation

The Division 296 tax is still a quasi-wealth tax

The latest draft legislation may be an improvement but it still has the whiff of a wealth tax about it. The question remains whether a golden opportunity for simpler and fairer super tax reform has been missed.

Superannuation

Is it really ‘your’ super fund?

Your super isn’t a bank account you own; it’s a trust you merely benefit from. So why would the Division 296 tax you personally on assets, income and gains you legally don’t own?

Shares

Inflation is the biggest destroyer of wealth

Inflation consistently undermines wealth, even in low-inflation environments. Whether or not it returns to target, investors must protect portfolios from its compounding impact on future living standards.

Shares

Picking the next sector winner

Global equity markets have experienced stellar returns in 2024 and 2025 led, in large part, by the boom in AI. Which sector could be the next star in global markets? This names three future winners.

Infrastructure

What investors should expect when investing in infrastructure: yield

The case for listed infrastructure is built on stable earnings and cash flows, which have sustained 4% dividend yields across cycles and supported consistent, inflation-linked long-term returns.

Investment strategies

Valuing AI: Extreme bubble, new golden era, or both

The US stock market sits in prolonged bubble territory, driven by AI enthusiasm. History suggests eventual mean reversion, reminding investors to weigh potential risks against current market optimism.

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