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What Australia’s great contrarian is buying – and avoiding

Soaring household debt will have ripple effects for ASX investors, according to Schroders’ head of Australian equity, Martin Conlon.

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Martin Conlon strides to the stage of the Mayfair Ballroom in Melbourne’s Grand Hyatt Hotel – and immediately opens his presentation with a pointed dig at Chanticleer.

In the audience, I’m trying not to take it too personally. The head of Australian equities at Schroders is recalling the recent prediction given at The Australian Financial Review’s AI Summit by Adam Driussi, founder and chief executive of data company Quantium, who suggested 30 per cent of executives could find themselves out of a job in two years if they failed to get on board the AI revolution.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/what-australia-s-great-contrarian-is-buying-and-avoiding-20240607-p5jk26