A number of NZX-listed companies, including Infratil, have been burnt while doing business with the public sector.
A huge proportion of the money greasing the NZ banking system is deposited on the shortest possible term at virtually zero interest rates. Who is benefitting from that?
New Zealand investors, particularly KiwiSaver members, have been increasing their holdings in US large caps as the NZX struggles to attract new and interesting IPOs.
After a decade-long turnaround, it's probably past due to reacquaint yourself with Wellington Drive.