Alan Kohler: We’re in for a recession we didn’t need to have

On this week’s episode of The Rules of Investing, Livewire’s David Thornton sits down with Alan Kohler AM, one of the country’s preeminent business journalists.

Alan first cut his teeth in 1969 as a cadet at The Australian. From 1985 and 1988 he served as editor of the Australian Financial Review, and was editor of The Age from 1992-1995.

In 2007, together with Robert Gottliebsen and Stephen Bartholomeusz, Alan founded Australian Independent Business Media, publisher of Business Spectator and Eureka Report.

In 2016, after selling the business to News Corp, Alan founded The Constant Investor, which was sold on to Investsmart.

In a case of full circle, Alan now once again writes for the Eureka report. He also pens a regular column for The New Daily, hosts The Money Café (with Alan Kohler), and you’ll still find him in your living room reading the finance on the ABC.

In today’s episode, Alan why the RBA has become too hawkish (and the consequences of it being so), the overhaul needed at the Reserve Bank of Australia (RBA), and his views on funds management.

Note: This episode was recorded on March 7, 2023.

Timestamps

2:34 – It’s all in the hands of the RBA

5:00 – Elevated inflation isn’t ideal, but it’s ok

5:30 – All roads lead to the inflation target

8:30 – Renovating the central bank

12:20 – What is guidance, anyway?

15:30 – Should Parliament carry its weight?

19:30 – What is priced into equity markets?

21:35 – What to look for in an actively managed fund

23:35 – What is a reasonable net return from a balanced fund?

24:50 – The role of ETFs in the portfolio

Rules of Investing

Mar 09, 2023 • 27m

1x speed

Other episodes

The dividend doctor gives his prescription for investing in 2023

Dividend-paying equities have long formed the backbone of retirees’ portfolios. And the historic stalwarts of these portfolios are well known. BHP, Telstra, and Commonwealth Bank, to name a few.
You might be mistaken for thinking that equity income p...

350 downloads Rules of Investing Jun 16, 2023

Trailer: The dividend doctor gives his prescription for income investing in 2023

360 downloads Rules of Investing Jun 15, 2023

8 mega cap stocks have carried markets in 2023. Here’s what comes next

Few of us would’ve predicted that by June the S&P would not only be positive, but up over 11%. On face value, a healthy market.
But dig a little deeper, and it quickly becomes apparent that this performance has been carried by the big mega-cap tech s...

320 downloads Rules of Investing Jun 09, 2023

1h 3m

Trailer: 8 mega cap stocks have carried markets in 2023. Here’s what comes next

360 downloads Rules of Investing Jun 07, 2023

The goldilocks buying opportunity is almost here in fixed income

Fixed income has always served a defensive role within investor portfolios. Normally, when growth is down and risk assets underperform, fixed income outperforms.
That’s under normal circumstances, though. In 2022, the Bloomberg aggregate bond index l...

398 downloads Rules of Investing Jun 02, 2023

28m

Jun Bei Liu: Top stocks for today’s markets

Earlier this month, the Reserve Bank of Australia was forced to cough up internal documents under Freedom of Information laws. This included an internal modelling exercise from September 2022, which revealed the risk of an Australian recession could ...

480 downloads Rules of Investing May 26, 2023

46m

Trailer: Jun Bei Liu, Tribeca Investment Partners

In this week’s episode of the Rules of investing, we’re joined by Jun Bei Liu from Tribeca Investment Partners. Jun Bei uses a blend of a fundamental and quantitative investment process to identify long-term opportunities. But she also has a secret w...

359 downloads Rules of Investing May 24, 2023

This fundie found Afterpay at $6. Now he’s found his next opportunity

Investing hasn’t been easy these past few years amid a pandemic, soaring inflation and monetary tightening. The ASX200 did 1.4% in 2020, 17% in 2021 and then -1% last year. Hugely volatile.
But it's in times like this when the cream rises to the top...

336 downloads Rules of Investing May 19, 2023

36m

Trailer: This fundie found Afterpay at $6. Now he’s found his next opportunity

Investing hasn’t been easy these past few years. The S&P/ASX200 did 1.4% in 2020, 17% in 2021 and then -1% last year. Huge volatility.
As most fund managers struggle to match the benchmark, Datt Capital’s absolute return fund has generated an enormou...

358 downloads Rules of Investing May 17, 2023