Johnny Shapiro

1 day ago | afr.com | Johnny Shapiro

May 14, 2025 – 12.29pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? A month is a long time in markets. In the age of Donald Trump it’s an eternity. Just four weeks ago, Bank of America’s widely followed global fund manager survey was among the most bearish on record as investors feared that a prolonged trade war would result in a value destructive recession. Loading...

2 days ago | afr.com | Johnny Shapiro

May 13, 2025 – 5.01pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? In February as world leaders gathered in Davos the consensus view was that the age of American exceptionalism would extend well into the future. The call from brokers like Goldman Sachs was to look through high valuations, rising debt levels and the threat of a trade war and stick with US stocks and bonds. Loading...

3 days ago | afr.com | Johnny Shapiro

Barbarians at the Gate is considered one of the best business books of all time. Published in 1989, it delves deep into the drama of Kohlberg Kravis Roberts & Co’s audacious buyout of food and tobacco giant RJR Nabisco, which heralded the birth of private equity. The deal and the book immortalised KKR as a power player on Wall Street.

6 days ago | afr.com | Johnny Shapiro

May 9, 2025 – 1.39pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Outside the Holiday Inn in west Los Angeles, it’s a typical LA scene. Food delivery robots, like shopping trolleys with eyes, trundle along the sidewalk, bumping into homeless people, rolling past abandoned cinemas and sprawling freeways.

1 week ago | afr.com | Johnny Shapiro

May 7, 2025 – 6.48pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Los Angeles | Billionaire philanthropist and former junk bond king Michael Milken was in a taxi in Australia when a $US4 billion ($6.2 billion) penny dropped. Milken, who was in Australia last year, was in conversation with the driver when the topic turned to life after work.