Alan Bond and Kerry Packer, AXE and VUL
Alan Bond bought Channel Nine from Kerry Packer at a very high price and then forced to sell later at a very low price back to Kerry. And so his famous quote...
"You only get one Alan Bond in your lifetime, and I've had mine".
I am experiencing a different Alan Bond moment and I don't think I will ever get another TWO. AXE is up 16x and VUL is up 40x. Most of the rise was over 20 months although I have owned the former for 10 years. It is very surreal. My fear is... will it be sustained?
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