Dr Shane Oliver
I have been working in and around investment markets for 35 years now. A lot has happened over that time. The 1987 crash, the recession Australia had to have, the Asian crisis, the tech boom/tech wreck, the mining boom, the Global Financial Crisis, the Eurozone crisis. Financial deregulation, financial reregulation. The end of the cold war, US domination, the rise of Asia and then China. And so on. But as someone once observed the more things change the more they stay the same.
The key points are as follows:
There is always a cycle
The crowd gets it wrong at extremes
What you pay for an investment matters a lot
Getting markets right is not as easy as you think