Back in June Warren Buffett told the world that he was making his first investments in Australia. The Oracle of Omaha has already announced plans to build up an equity stake in Insurance Australia Group, and has also revealed ‘there is a good chance that five years from now, we will have bought one or more positions in Australian banks.’ Buffett admitted that he was making these investments at the age of 84, but ‘it’s been worth waiting for. Better late than never and better the best than never. So here we are in Australia and I’m delighted to be there.’Buffett is not the only one getting excited about Australia. A growing number of subscribers have been asking us to introduce Australasian data, so many readers will be glad to know that we will be covering Australia and New Zealand in the very near future. We’ve put this article together to provide an overview of the investment scene down under and explain how subscribers can get involved…Why?Many academics have tried to explain different growth rates across countries by looking at differences in institutions (eg. legal structures) on the one hand and endowments (eg. natural resources) on…
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