By Vern Gowdie – The Gowdie Letter (Australia)
Greetings from Port Douglas.
The Great Repression conference has been a resounding success.
The speakers have been excellent. The content very informative. The questions from those attending have been both thoughtful and challenging.
There’s a real collegiate atmosphere up here… Everyone is actively seeking information to make quality decisions on how best to manage their wealth.
As contrary as it sounds, questions are the answers. The better the question, the more you challenge yourself to find a quality answer.
My latest book is framed around the question: How much bull can investors bear?
The investment industry has had a dream run for more than three decades. Falling interest rates and rising share markets have been a hugely positive trend for the fortunes of the industry.
In my presentation at the conference, I showed research from Harvard Business School, which found asset management fees (the percentage charge on funds under management) in the US alone were a staggering US$340 billion… This is big business.
All industry marketing efforts have one aim — to convince investors to put more or to keep their funds under management.
This week, I’d like to share with you the introduction to my new book.