Betting on a loser

A day is a long time in politics and Outsider reckons an hour became a long time in politics in late August as Money Management conducted its Future of Wealth Management conference on the Gold Coast at the same time the Liberal Party was trying to sort out its leadership crisis.

Just how quickly things in Canberra were moving was made clear when Investment Trends chief executive, Michael Blomfield told Outsider that he had made a bet that Australia could have a new prime minister before he finished his conference presentation on Key Trends in Advice.

Given that Blomfield was scheduled to speak for 30 minutes, Outsider wondered whether Blomfield had misjudged the odds.

Related News:

For his part, Outsider reckoned it was far more likely that any change in Prime Minister would occur on the closing day of the conference, Friday, enabling politicians to do their dirty work before adjourning to their electorates to determine what the voters might think.

As Money Management went to press it was safe to say that Blomfield had done his dough but Outsider still had high hopes of walking away with a dividend.




Related Content

Ken’s list - a club no one wants to join

So who is going to be named first?Outsider has a list of people’s names on his desk which he believes may be similar to a list provided to the Austr...Read more

Is FASEA the opportunity that knocked?

Every cloud has a silver lining, it seems. Even when that cloud takes the shape of the Financial Adviser Standards and Ethics Authority (FASEA) regime...Read more

High cost of putting writing on the wall for ASIC

Outsider is prepared to bet that when the team at the Australian Securities and Investments Commission (ASIC) were ticking off their 2018 unfinished b...Read more

Author

Comments

Add new comment