Ian McCoon is the founder of Australian company Pinnacle Investment Management. He has worked in the investment field for 40 years.
Gone are the days when investment portfolios consisted of 60% stocks and 40% bonds, according to Australian investment icon Ian McCone.
“I believe this world is over because the world we live in now is not good enough,” said the founder and managing director of ASX-listed Pinnacle Investment Management. Madison Market.
“So stocks and fixed-rate or bonds are always important components of a portfolio, but they alone are not enough.
“Capital markets are much more sophisticated these days. You need more arrows in your quiver.”
His firm owns significant minority stakes in 15 investment companies focused on specific asset classes and strategies, including long global equities, emerging markets, private credit, private equity, and venture capital investments. was.
Pinnacle currently manages assets of A$100.1 billion across these companies.
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McCone pointed out that there is “inertia” in wealth management businesses that don't operate like his.
But times are changing with the explosion of artificial intelligence, he said.
Watch our interview with Ian Macoun above to hear what makes a good investor and the lessons he's learned from 40 years of investing.
Gain investment insights from executives and experts Madison Market every Monday and Friday here in NZ Heraldupon YouTube and wherever you get it podcast.
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Disclaimer: The information provided in this program is of a general nature and is not intended as personalized financial advice. We recommend that you seek the appropriate advice from a qualified professional based on your individual circumstances.
Madison Reidy is the host of the NZ Herald's investment show. Madison Market. She joined the Herald in 2022 after working in the investment field, covering business and economics for TV and radio broadcasters.
