The landmark moment that stands out in this veteran investor's 40 year career

In today's world, spending four years in one industry is enough to be considered longevity. But spending 40 years in one industry in today's world is both rare and remarkable.
That's exactly what Michael Korber, Director of Credit and Fixed Income at Perpetual has done. Korber has only ever had three employers - an introductory three-year stint as a credit analyst at Westpac, and then two long tenures at Macquarie Group (16 years) and Perpetual (19 years, going on 20 this August.)
He has many fond memories of his time in markets - like that fateful morning in 2007 when one of the largest and most highly-regarded collateralised debt obligations (CDOs) of the time collapsed overnight. It proved that the traditional rating agencies couldn't handle so much debt in one product - and neither could financial markets or the American economy.
But what has he learned in all that time? And what would he say to a first-time investor trying to navigate today's markets? You'll find out in this episode of The Pitch.