Michael Block

Too much of what managers call alpha is just a roll of the dice. To find the real stuff you have to look in private markets, according to Michael Block, while trend following strategies will get you something that looks just like it.

Investors are sailing in uncharted waters, writes Michael Block, and the only way to navigate them is through a well-diversified portfolio. But is it possible to have too much of a good thing?

Those that have made high returns by overpaying for higher-risk/lower-quality credit have been lucky and credit conditions are unlikely to be so easy in the future, writes Michael Block. Now is the time to take a very thorough look at one’s credit exposures.

Genuine uncorrelated alpha is the holy grail of investments, writes Michael Block, but managers and strategies that can actually generate it are hard to find. So what’s a poor boy to do?

Basing an investment strategy on the goldilocks investment markets of the last 35 years gives rise to considerable risk, writes Michael Block, and now might be the time to get out of growth assets.

Your Future Your Super is poorly implemented, draconian, stifles innovation and has proven to be a gigantic – and expensive – waste of time. Other than that it’s a really good idea, writes Michael Block.