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23 August 2026

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Edition 30

  •   6 September 2013
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Welcome from Chris Cuffe

When Ashley Owen wrote the first part of his bipartite argument that building wealth comes from concentration and focus, not diversification, it created many heated comments. In Part 2, he argues that the way the 83-year-old Warren Buffett invests for Berkshire Hathaway is not the way a 60-year-old retiree should invest to preserve wealth and generate income in retirement. The two have different goals, risk appetites and expectations.

Warren Bird gives us a short primer on what credit ratings are, but equally important, what credit ratings are not. Such as, they are not investment recommendations.

Lifecycle funds have been dominating fund choices for MySuper products in 2013, and therefore will attract billions of dollars in member money in coming years. David Bell identifies the four major features to look for which differentiate lifecycle funds from each other, showing that these funds are not all the same.

When Bill Gates makes observations about Warren Buffett, we are given insights into two of the most influential, powerful and successful men of recent generations. Gates's comments have received little coverage in the media, so we reproduce them in full here.

And John Evans considers our current retirement system may lead to unexpected demands on the age pension and even social unrest in future years, and suggests an alternative.

Chris

Latest posts from Cuffelinks, 6 Sep 2013, Edition 30

  • Invest like Buffett? Diversification, Part 2 Ashley Owen
  • Give this risk the credit it deserves Warren Bird
  • Not all lifecycle funds are created equal David Bell
  • Three things I’ve learned from Warren Buffett Bill Gates (via LinkedIn)
  • A fundamental flaw in the Australian retirement system? John Evans

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  •   6 September 2013
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