1 March 2026

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Ray Dalio on 2025’s real story, Trump, and what’s next Making sense of record high markets as the world catches fire 3 ways to fix Australia’s affordability crisis Is there a better way to reform the CGT discount?How cutting the CGT discount could help rebalance housing market

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Home / 410

Edition: 410

1-8 out of 8 results.

Welcome to Firstlinks Edition 410 with weekend update

3 June 2021

At the Morningstar Investment Conference, founder of GMO, Jeremy Grantham, lamented the consequences of high prices on everything but he expects a major correction. An extract from his interview covers markets, technology, commodities and venture capital. Plus home prices and inflation focus.

Grantham interview on the coming day of reckoning

Jeremy Grantham has seen it all before, with bubbles every 15 years or so. The higher you go, the longer and greater the fall. You can have a high-priced asset or a high-yielding asset, but not both at the same time.

BHP v Rio v Fortescue: it's all about the iron ore price

Marcus Padley
2 June 2021
6

Don’t look at an earnings forecast or a DCF valuation or a broker target price for a mining company. Share price forecasts are only as good as the commodity price assumptions they are based on, and they are a guess.

How much will rising inflation hit company valuations?

Roger Montgomery
2 June 2021
3

It's complicated. Rising bond yields reflect optimism about economic growth and improving business conditions. But as the recovery matures, increases in bond rates prove counter-productive, kerbing economic growth.

Rising real yields likely to undermine equity values

Robert M. Almeida
2 June 2021
2

Negative real yields have unmoored asset prices from fundamentals, but inflation pressures are likely to start pushing real yields higher. Higher real yields should feed into lower risk asset valuations.

Which stocks and sectors are hit by inflation?

Richard Montgomery
2 June 2021
2

A back-to-basics explainer on the challenges arising from the impact of inflation on financial markets, reminding investors to hold some assets that act as a defence against rising inflation.

Buy high, sell low: early super access and foregone returns

Michael Buckland
2 June 2021
12

The Government hailed the Early Access Scheme as a great success, but Australians should not have withdrawn super to meet their obligations. Economic stimulus and a secure social safety net should provide for them.

Four key wealth drivers affecting long-term investment goals

Geoff Warren
2 June 2021
3

Wealth accumulation has four main drivers. Evaluating long-term investment risk requires shifting the focus on shorter-term losses and volatility towards failure to achieve long-term objectives.

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Most viewed in recent weeks

Ray Dalio on 2025’s real story, Trump, and what’s next

The renowned investor says 2025’s real story wasn’t AI or US stocks but the shift away from American assets and a collapse in the value of money. And he outlines how to best position portfolios for what’s ahead.

James Gruber
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Making sense of record high markets as the world catches fire

The post-World War Two economic system is unravelling, leading to huge shifts in currency, bond and commodity markets, yet stocks seem oblivious to the chaos. This looks to history as a guide for what’s next.

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James Gruber
4 February 2026

Is there a better way to reform the CGT discount?

The capital gains tax discount is under review, but debate should go beyond its size. Its original purpose, design flaws and distortions suggest Australia could adopt a better, more targeted approach.

Matthew Maltman, Matt Nolan
11 February 2026

How cutting the CGT discount could help rebalance housing market

A more rational taxation system that supports home ownership but discourages asset speculation could provide greater financial support to first home buyers.

Jago Dodson, Liam Davies
18 February 2026

Welcome to Firstlinks Edition 648 with weekend update

This is my last edition as Editor of Firstlinks. I’m moving onto a new role though the newsletter will remain in good hands until my permanent replacement is found.

5 February 2026

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