The secret to becoming a millionaire in Australia

….is to invest three million dollars into a business built by a real estate “entrepreneur”. Exhibit 1 McGrath Estate Agents John “Million Dollar Agent” McGrath has presided over one of the most classic examples of wealth destruction of our time. I think the people we should feel most sorry for are those who bought into […]

When the tide goes out we learn who has been swimming without clothes

The Lucky Country tends to lack the entrepreneurial spirit. The reasons behind this are many, my personal view is that it’s a function of the incentives in the economy; for four decades, Australians have been rewarded by investing in property or working in industries relating to it. The corollary to this is that there’s been […]