8 October 2025

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Simple maths says the AI investment boom ends badly Why we should follow Canada and cut migration Are LICs licked?Australian house price speculators: What were you thinking?Retirement income expectations hit new highs

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Edition: 361

1-9 out of 9 results.

Welcome to Firstlinks Edition 361

10 June 2020

Legendary US fund manager Peter Lynch was an early adopter of what we might now call 'high frequency indicators'. Perhaps 'early warning signs' is better. He sat in shopping malls watching which stores people went into and what they bought. Many traditional economic indicators are out-of-date when they are released, so the market has developed early warnings which have become far more sophisticated than sitting around malls.

Five famous investors with cheap listed funds

Graham Hand
10 June 2020
43

Why invest in an unlisted fund by a well-known, experienced fund manager when the equivalent listed fund is offered at a substantial discount? Maybe there's a structural problem to fix here.

Why are recessions usually good for share prices?

Ashley Owen
10 June 2020
10

It seems counterintuitive, but share prices rose during 17 (85%) of the 20 economic recessions in Australia in the past 150 years as markets tend to anticipate the bad times and recover early.

The ultimate SMSF list: 20 checks for FY20

Liam Shorte
10 June 2020
9

The end of FY2020 means more rules and regulations to check for members of public super funds and SMSFs. Take advantage of opportunities but also avoid a knock on the door from the regulators.

Four guiding principles to position for the rebound

Katie Hudson
10 June 2020
1

Too many investors are lumping all companies together in the current crisis, but some businesses will emerge in good shape with recovering revenues, while others are disadvantaged permanently.

Limitless liquidity drives death of the price signal

Sean Fenton
10 June 2020
2

With central banks injecting as much liquidity as the market needs, the fundamental price signal has been lost. But the evidence is this does not help sustainable and long-term economic growth.

Why the stock market rallies cannot be justified

Moray Vincent
10 June 2020
9

If a vaccine immediately emerges, equities would rally to an all-time high, implying a better outlook than pre-COVID with absolutely no damage done to the economy. It doesn't make sense.

Spending in retirement and the taper rate

Andrew Boal
10 June 2020
12

Retirees with between $300,000 and $800,000 in assets face complex questions on the interplay between how to spend their money, the age pension assets test, the taper rate and their longevity.

Warning about investing in unit trusts in June

Chris Cuffe
10 June 2020
3

Investing in unit trusts just before a distribution is paid may see a portion of your capital returned to you in the form of taxable income, which will be a poor outcome for your returns.

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Simple maths says the AI investment boom ends badly

This AI cycle feels less like a revolution and more like a rerun. Just like fibre in 2000, shale in 2014, and cannabis in 2019, the technology or product is real but the capital cycle will be brutal. Investors beware.

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Welcome to Firstlinks Edition 627 with weekend update

This week, I got the news that my mother has dementia. It came shortly after my father received the same diagnosis. This is a meditation on getting old and my regrets in not getting my parents’ affairs in order sooner.

4 September 2025

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