Interest rates are low and money is cheap, but if companies can't grow, just how long can they borrow to buy back their shares? Eventually the strategy has to come to an end.
By getting it right he survived 16 years of advising and investing for Kerry and James Packer. But these days he's the chairman of the $4 billion Ellerston Capital funds management business.
His name is Ashok Jacob and he's just released his latest investment report, which details a few of his thoughts about the current state of play in financial markets.
Loading...
Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au
