Peter Switzer: Do Recent Warnings Signal A Time To Buy?
By Peter Switzer, Switzer Super Report
At a time when luminaries, such as the Future Fund's ex-chairman David Murray and ex-Treasury boss Ken Henry, have warned Aussie investors and super funds about holding too many shares, the question is, is this a good sign that we should be buying?
To buy or not to buy?
Don't get me wrong, but I reckon Ken was one of the brightest Treasury Secretaries and you would be a mental lightweight to ignore the ex-Commonwealth Bank chief executive, Murray. He, in 2008 before Lehman Brothers collapsed, argued convincingly at a dinner party that fixed income was the smartest strategy at the time. He was proven right.
He also revealed on my
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