Alan Kohler interviewed Robert Buckland over the weekend. Though we know nobody has a crystal ball, you can follow trends, and use them to help direct your own affairs. (Of course it has to pass the common sense test, which usually means the idea confirms what you think anyway!)
Robert Buckland works for Citibank, and what (I think) he was suggesting was that we have passed the cycle of good returns from equities (shares) and now should invest in bonds (which I take to mean term deposits). Investment returns will come from cashflow - dividends, interest earned etc, rather than capital gains.
For farming, that would mean getting more from existing assets, rather than expanding to benefit from potential capital gains, as well as economies of scale.
Is this "common sense" in today's environment?
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