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Welcome to Firstlinks Edition 658

Welcome to Firstlinks Edition 658

I’ve been reading Andrew Ross Sorkin’s new book 1929. It follows some of the leading players on Wall Street and Washington during the 1920s bull market, the crash, and the subsequent economic and political fallout. Markets are complex and there is seldom a single factor that leads to a crash. Yet Sorkin shows that the magnitude of the crash and ...
CleanPeak Energy on a growth path

CleanPeak Energy on a growth path

CleanPeak Energy Holdings co-founder Philip Graham who’s appeared at some of our events in recent times must be feeling chuffed right now. According to news on Wednesday his company has “hit the M&A trail, after securing a $500 million strategic investment from private equity juggernaut KKR last year,” which invested in the company as part of its ...
Running on empty: Sydney’s answer to the global fuel crisis lies in renewable energy zones

Running on empty: Sydney’s answer to the global fuel crisis lies in renewable energy zones

Spinifex is an opinion column. If you would like to contribute, contact us to ask for a detailed brief. When Sydney households installed rooftop solar and batteries to keep the lights on during bushfires and floods, they didn’t realise they were also building a shield against the fuel crisis now gripping global markets. Sign up for our free ...
Do super funds need a massive wake up call?

Do super funds need a massive wake up call?

“While Australia is a world leader in accumulation it’s significantly behind the curve on decumulation.” So says Guy Opperman, an energetic man of many talents. His CV includes stints as a steeplechase jockey, a barrister, and a pro-bono advocate for prisoners on death row in the Caribbean. But it was during his years as the UK Minister for Pensions ...
Sequencing risk resurfaces for retirees

Sequencing risk resurfaces for retirees

In 2014, I examined sequencing risk in late accumulation with a thought experiment involving two fictional 55-year-olds, William and Edward. Both started with the same superannuation balance, earned identical salaries, and achieved the same annualised return of 7.1% per annum over ten years; yet Edward's final balance at retirement exceeded William's ...
There will be no permanent underclass

There will be no permanent underclass

For months now there’s been an online joke that anyone who doesn’t learn about AI will be a part of the “permanent underclass.” The permanent underclass represents the new have-nots of society—all of those who will be left behind in the coming AI wave. While a subset of the population will have all of their work done by LLM-powered agents, the ...
Reforming the taxation of wealth and wealth transfers

Reforming the taxation of wealth and wealth transfers

This article is based on Asprey and the Taxation of Wealth: Where to Next? by Chris Evans, Rick Krever, and Peter Mellor. In the face of growing wealth inequality between and within nations, attention in almost all developed economies has turned to the possible use of wealth or wealth transfer taxation to ameliorate the divide. Fifty years after ...

Welcome to Firstlinks Edition 658

Welcome to Firstlinks Edition 658
I’ve been reading Andrew Ross Sorkin’s new book 1929. It follows some of the leading players on Wall Street and Washington during the 1920s bull market, the crash, and the subsequent economic and political fallout. Markets are complex and there is seldom a single factor that leads to a crash. Yet Sorkin shows that the magnitude of the crash and ...

CleanPeak Energy on a growth path

CleanPeak Energy on a growth path
CleanPeak Energy Holdings co-founder Philip Graham who’s appeared at some of our events in recent times must be feeling chuffed right now. According to news on Wednesday his company has “hit the M&A trail, after securing a $500 million strategic investment from private equity juggernaut KKR last year,” which invested in the company as part of its ...

Running on empty: Sydney’s answer to the global fuel crisis lies in renewable energy zones

Running on empty: Sydney’s answer to the global fuel crisis lies in renewable energy zones
Spinifex is an opinion column. If you would like to contribute, contact us to ask for a detailed brief. When Sydney households installed rooftop solar and batteries to keep the lights on during bushfires and floods, they didn’t realise they were also building a shield against the fuel crisis now gripping global markets. Sign up for our free ...

Do super funds need a massive wake up call?

Do super funds need a massive wake up call?
“While Australia is a world leader in accumulation it’s significantly behind the curve on decumulation.” So says Guy Opperman, an energetic man of many talents. His CV includes stints as a steeplechase jockey, a barrister, and a pro-bono advocate for prisoners on death row in the Caribbean. But it was during his years as the UK Minister for Pensions ...

Sequencing risk resurfaces for retirees

Sequencing risk resurfaces for retirees
In 2014, I examined sequencing risk in late accumulation with a thought experiment involving two fictional 55-year-olds, William and Edward. Both started with the same superannuation balance, earned identical salaries, and achieved the same annualised return of 7.1% per annum over ten years; yet Edward's final balance at retirement exceeded William's ...

There will be no permanent underclass

There will be no permanent underclass
For months now there’s been an online joke that anyone who doesn’t learn about AI will be a part of the “permanent underclass.” The permanent underclass represents the new have-nots of society—all of those who will be left behind in the coming AI wave. While a subset of the population will have all of their work done by LLM-powered agents, the ...

Reforming the taxation of wealth and wealth transfers

Reforming the taxation of wealth and wealth transfers
This article is based on Asprey and the Taxation of Wealth: Where to Next? by Chris Evans, Rick Krever, and Peter Mellor. In the face of growing wealth inequality between and within nations, attention in almost all developed economies has turned to the possible use of wealth or wealth transfer taxation to ameliorate the divide. Fifty years after ...