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Reckoning Looms for Unlisted Assets
Manage episode 366642693 series 3332390
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In the latest episode of Stocks Neat, Co-Portfolio Manager Gareth Brown joins CIO Steve Johnson to shed light on the commercial property industry and the broader issue of unlisted assets, particularly focusing on Australia's super funds and their refusal to recognise the real value of some of their unlisted assets.
The second topic they explore is the current bull market, dubbing it the "bull market that nobody believes in," highlighting the lack of enthusiasm despite statistical evidence of its existence, especially in the larger tech companies in the US. The conversation touches on the remarkable rise of artificial intelligence and its current bubble-type behaviour, using NVIDIA as an example to explore the implications of high valuations relative to earnings.
Gareth and Steve also touch on inflation and its impact on the economy, mentioning positive developments out of the US, with Australia likely six months behind, given the persisting labour pressures.
Tune in and join Steve and Gareth as they try a locally made American Pale Ale by Batch Brewing in Marrickville, Sydney.
Show Notes:
- Joel Greenblatt podcast (mentioned by Gareth) - IC Interviews: Joel Greenblatt
- The Economist article on San Francisco - Downtown San Francisco is at a tipping-point
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