Nathan Parkin, who learnt first hand the principles of business when his parents used a redundancy payment to set up a company operating out of their home in the last recession, thinks Australian investors have lost sight of one of the key fundamentals of risk in the sharemarket right now – leverage.
The deputy head of equities at Perpetual is responsible for managing $5 billion but wouldn't expose his clients' money to some of the best-performing stocks of the past few years.
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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
