Pictured: Ron Brierley in 1979Part 1 - Origins of the ‘80s market boomWhen the NZ sharemarket closed on Friday, Dec. 21, 1979 — for its 17-day annual holiday break — there was no thought of the roaring bull market ahead. The NZX was a dull market at the time, dominated by conservative and media-shy old men who wanted a quiet life after their experiences in World War 2. Meanwhile, individual investors were leaving the NZX in droves and switching to residential property.The 10 years ended December 1979 had been...
Login to read
Login to read