warning on 200 billion dollar asx slump, page-72

"if you have held those shares for several years (as I have)."


Been at it since 1986.
Got good advice when I was starting out.

As long as the economy hangs together (and I cant see why not, seeing we are in close proximity and a significant supplier to the fastest growing region in the world) you simply buy the companies which rate to give you the largest leverage in the wealth of the nation.

There have been bull markets and bear markets, I am sure there will be more bear markets, but BHP is always BHP, Woodside is Woodside, Westfield is Westfiled, they keep turning up for work each day regardless of what the market is doing.

From time to time there are some quality IPO's and privatisations.

Buy good assets and sit on your ar*se basically.
Not rocket science.