you really need to know how the world works. Know how industry works. Know how different cultures value different things. Know what the people in great companies really do. And know what the people who graft day in, day out do to make the world turn.
These days you have to invest in a world where money in the bank pays very little interest, if anything at all. Which leads to a global hunt for yield.
In Australia, the banks have been treated like footy teams. One bank forever, through thick and thin for life. Indeed, it’s joked in banking circles that customers are more likely to change their spouse than their bank. With open data, those days are fast coming to an end…
With the startling news over the weekend of an attack on key oil infrastructure in Saudi Arabia, the week has started off with a bang. Whether it turns into a whimper or not remains to be seen.
oil isn’t our most valuable resource in this unstable political world right now. That’s something else… No, it’s not oil. Or iron ore even. It’s something more basic.
Obama tried to gently prod China in the right direction, Trump is now trying to force them. Clearly an offensive strategy isn’t working. So, perhaps it’s time to change the game altogether…
Like it or not, the trade war is here to stay. But it isn’t necessarily all bad news. You can still find ways to grow your wealth, even in the midst of a trade war.
Gold will always be under government control. It’s not going to be the tool to set us free from excessive state power over money...
The big banks in Australia should be very scared. Fintech is not a fad, or a buzz word. It’s an idea whose time has finally come.
With the price of bitcoin being US$10,362 at time of writing, the case for buying bitcoin grows stronger the longer it hovers around the US$10K mark — that’s the punchline today.