The end of a 25 year bull market
The past 25 years have seen a dramatic fall in measured inflation and expected inflation. As I explained in the AFR this week, that has been a boon for returns and asset prices across all long dated asset classes. What does it mean for the future? In short, it aint happening again. Read the full article here (VIEW LINK)
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Steve began Forager Funds in 2009, and now manages approximately $350m across two funds. Offering a listed Australian Shares Fund (FOR) and an unlisted International Shares Fund, Steve focuses on long-term investing in undervalued companies.
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