Navigating the cycle

Paul Moore speaks with Livewire's James Marlay, providing an end of year market update and touching on investments to own and avoid, examples of current pricing anomalies and one major risk being caused by investor crowding.

"The one simple rule you can have in investing is wherever you have the biggest crowd is where you're going to get the worst returns from... The biggest crowd of all has been driven by lower rates, so it's the bond market, passive and ETFs."

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