Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine's Late News on Monday night to discuss the 2% slump on the ASX, the ongoing fall of the iron ore price, and the private appetite for listed infrastructure assets.
Iron ore, ASX 200 get nailed. Infrastructure on the menu. Scott Phillips on Nine's Late News
It was a rough day on the ASX, particularly for mining and materials investors, amid concerns over China's falling steel production.
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Published Scott Phillips is The Motley Fool’s Chief Investment Officer in Australia. He is Advisor of The Fool’s flagship investment service, Motley Fool Share Advisor and the Portfolio Manager of Motley Fool Everlasting Income and Premier Portfolio, as well as running our most premium service, Motley Fool Platinum.
He is passionate about investing, having managed his own portfolio for over 15 years. A dyed-in-the-wool Fool (in the best way), he has been a member of The Motley Fool since 1999.
Scott holds a Bachelor of Commerce (Management) and a Graduate Diploma of Accounting.
Before joining The Fool, Scott worked in various Sales and Finance roles in industry, which has allowed him to see the good, bad and the ugly of corporate management close-up. Giving him a great understanding of the way businesses run – and what separates the business wheat from the chaff – Scott wholeheartedly agrees with Warren Buffett when he said he was a ‘better investor because I am a businessman and a better businessman because I am an investor’.
Scott left a successful career to follow his passion – helping our members achieve the best possible investment returns, and helping Australians learn to better manage their money. It’s no surprise he ended up at The Motley Fool.
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