ANNA: Car stuff aside, how has business been for you over the Covid-19 period?
JAMES: I have an office in Neutral Bay and I am working from there at the moment. As far as investment goes, I’m just waiting to see a new generation of business start ups arise from the needs that come out of this pandemic. I started Vocus (which he led to a market capitalisation of $5 billion in 2016) during the GFC, so know that new businesses will evolve and prosper from here, I’m sure there are many out there as we speak.
ANNA: Have you got some tips for local investors?
JAMES: There’s a big disconnect from the economy to the stock market, so watch that closely. The Government in some ways has overstimulated the economy with increased payments, access to superannuation and rent/mortgage forbearance, so while Australia’s spending levels have recovered quickly, the real question is how sustainable the ‘over stimulation’ is – and what happens as it reduces. We’ve not yet seen the underlying condition of the economy.
ANNA: Thanks for speaking with us James!
JAMES: Pleasure as always Anna. Mosman Collective is my daily source of local news so keep up the great work!