How the Rich Invest: Tasmania's Dale Elphinstone on stock picking

The Australian Financial Review looks at how the wealthy are making money for our column, How the rich invest.

John StensholtFormer Rich Editor

Updated Jan 11, 2017 – 4.29pm, first published at Jan 10, 2017 – 4.00pm

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Tasmania's richest person, Dale Elphinstone, has had a great run with some of his stock picks in the past year.

While the bulk of the BRW Rich Lister's wealth is derived from his private Elphinstone Group, which is based in Burnie in the state's north-west coast and owns William Adams, the Caterpillar mining truck and equipment distributor in Tasmania and Victoria, Elphinstone also owns several listed stocks.

John Stensholt is a former editor of the BRW Rich 200 and Young Rich Lists.