Shane Oliver People Quotations

For the retail investor, a stock that costs $1 seems easier than a big-cap stock that costs $30, $40 or $80, so people are pushing into small caps.

In corporate debt, you have the credit risk of borrower defaulting and that's why people rely on the rating agencies to provide a guide on the default risk, and the other risk is that there could be a blow out in yields, for instance, you buy a portfolio and inflation takes off or companies go bust.