The Market Fox interviews a Wise Owl of the Australian Investment Industry

This is worth sharing, a Podcast interview by Daniel Griolio with Jack Gray, an Australian investment industry veteran.

This is a great interview for those new and old to the industry.


Although Jack is wise, he is not silent like an owl.  Jack is well known to many within the industry for his forthright views, okay strong opinions.  Which is great, we need more of this to challenge the status quo and to have intellectually honest debates.  Not to make things more complicated but to challenge some of the industry practices.  Jack touches on the downside of holding strong beliefs and being willing to share them in the Podcast, it comes with a cost.  It is who he is, he calls out if he believes things are wrong.

Jack joined the investment industry later in life after a career in Academia, he talks about how he had to learn things from scratch, there are some great insights here e.g. what advice would you give to a young Jack Gray starting out?

The interview is wide ranging and Daniel does a great job keeping it flowing, with lots of good discussion, stories, and introspection.

Topics include:

  • thinking about probabilities;
  • heuristics;
  • you don’t need a lot of maths to be comfortable investing;
  • IQ vs temperament in investing successfully;
  • the short term focus of the industry;
  • industry agency issues;
  • investment firms learning to play to their strengths and being different;
  • IA; and
  • Robo Advice.


Happy investing.

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Global Investment Ideas from New Zealand. Building more Robust Investment Portfolios.


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