There are all kinds of trends in markets. Some are head fakes, some are fleeting, and some are long-lasting, highly impactful, seismic shifts.
One of the keys to investing is to figure out the seismic shifts from the minor blips, and then - to paraphrase a line from Jesse Livermore - "be right and sit tight".
With that in mind, the first panel session at Livewire Live 2024 explored five seismic shifts happening in markets right now, whether they are all they are cracked up to be, and if they are, how you can take advantage of them.
Time codes
0:17 - Introduction
0:48 - Speaker introductions
3:25 - The first seismic shift: Economic regime change. Where are we in the cycle?
5:43 - The changing price of money impacting valuations
7:08 - The growth of private credit and the impact of higher inflation
9:45 - Changing economic conditions on the PE opportunity set
11:55 - The second seismic shift: Public vs private markets. Where is capital flowing?
16:37 - Private equity: how has it changed and what are the benefits?
19:28 - Changing balance between public and private markets
20:40 - Big, beautiful ASX
22:11 - Matt Haupt's CBA story
23:35 - The third seismic shift: Ageing populations. The generational wealth transfer
27:16 - Ageing population and the demand for real estate
28:03 - The challenges of an ageing population and how to invest
29:46 - Overweight healthcare: the impact of an ageing demographic
30:56 - The fourth seismic shift: Energy transition: take it or leave it?
33:43 - Limited opportunities in Australia
34:53 - The fifth seismic shift: Digital innovation. How big is this opportunity?
36:29 - Opportunities beyond the Magnificant Seven
37:16 - The use of tech in private markets
39:50 - Tech and the Australian story
41: 11 - Audience Q&A
