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This bear market will be a generational wealth opportunity

Tom Richardson

In 1936, a horse trained and co-owned by the great-grandfather of Sydney fund manager Will Culbert won the Sydney Cup at Royal Randwick.

It was bought in 1933 for 150 guineas (£160) in a racing partnership between Sydney accountant Max Claveranne and Culbert's great-grandfather, the successful trainer Danny Lewis. The horse ran fourth in the 1935 Melbourne Cup.

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Tom Richardson was a journalist at The Australian Financial Review

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    Original URL: https://www.afr.com/markets/equity-markets/this-bear-market-will-be-a-generational-wealth-opportunity-20200413-p54jge