Wry & Dry #40-26 Uncle Albo tosses Grim Jim under the bus. Victoria’s lottery budget. SpaceX to blast passive funds.
Uncle Albo’s ideological instincts rose from the depths in his masterful but unmandated budget. But today he had to toss Grim Jim under the bus to ease the massive backlash. Victoria’s auditor-general has the spyglass on the 40-year lottery deal. Emperor Eleven’s revolving door of visitors. SpaceX to blast passive funds into space. Slow news day in the UK. It’s clear more laughter is needed, so we’ve added extra cartoons by Patrick Cook.
Bond yields, Budget fallout, Brambles, Elders, Ora Banda Mining and Worley
In this week’s Investment Matters, confident that the many twists of Iran, the Australian political malaise, and prognostication on interest rates can wait another week, if not longer, we return to the discussion of stocks.
We felt it was useful to revisit CSL Limited, a great Australian company with a valuable global franchise that has underperformed as a stock in recent years.