Billionaire investor Alex Waislitz says "selfish behaviour" and "crazy indulgence" has put his home town in lockdown, but has warned Melbourne needs to open up to prevent a deepening of the long-term damage being done to the national economy.
Mr Waislitz is navigating what he says is the most challenging, difficult and unpredictable period in his 30-year investment career and has defended the performance of his listed investment vehicles Thorney Opportunities and Thorney Technologies, which are trading well below net tangible asset backing.
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Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia. Connect with Julie-anne on Twitter. Email Julie-anne at jsprague@afr.com
