The Magnificent One

Monday 12 May 2025

Here it is. Australia’s Magnificent One. Considered by the market to have better growth prospects than Apple, Alphabet and NVIDIA, and fast catching Microsoft.

The CBA’s spectacular rise as the Maginficant One is out of step with its sector.

And has no basis in its operational performance.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.