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5 February 2026

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Edition: 509

1-8 out of 8 results.

Welcome to Firstlinks Edition 509 with weekend update

  • 18 May 2023
  • 28

It's often said that democracy is the worst form of government, except for all the others, and the same is true of monetary policy. It is a deeply flawed way to manage the economy and yet we have not come up with anything better. Like democracy, we need to watch the consequences of its shortcomings.

The latest costs and strategies in financial advice

There are a lot of vague statements about the costs of financial advice in Australia. This insider's knowledge shows the actual costs are skyrocketing but demand for financial advice remains strong.  

Is it the right time for Buy-Write funds?

Buy-Write funds sell options to generate extra income but it means they may give away some of the upside potential. During periods of market weakness and a need for more income, is the time right for this strategy?

The cheapest small cap valuations in decades

Small and mid cap stocks potentially offer investors an opportunity not seen in decades as valuations are close to two standard deviations 'cheap' relative to larger companies. It's not the only thing in their favour.

Stocks are less risky than bonds in the long term

Owning bonds is less risky than owning shares, right? The evidence suggests that while this may be true in the short term, it isn't over longer time horizons, with important implications for asset allocation.

Aggressive climate targets spell opportunity for investors

There is a US$50 trillion opportunity for those companies that help countries meet their net-zero emission targets over the next 30 years. Here are three key themes and a stock that will benefit from the change.

One edge that individual investors have over fund managers

Fund managers have more staff, more information, and more access to companies, yet individual investors have one advantage in their favour. Anyone selecting a manager should consider such constraints on performance.

Druckenmiller on the biggest mistake in the history of the Fed

Fund manager Stanley Druckenmiller gave a much-publicised interview at the 2023 Sohn Conference in the US last week. In this extract, he warns about the asset bubble the US Fed has created and his dire expectations.

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

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13 million spare bedrooms: Rethinking Australia’s housing shortfall

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