Allan Gray chief investment officer Simon Mawhinney has sounded the alarm that the Australian stock market is dangerously concentrated, with the 'Hateful Eight' companies - the big four banks, Macquarie, Wesfarmers, Goodman Group, and Aristocrat - racking up 85% of last year's returns despite representing just 28% of total market capitalisation. https://www.financialstandard.com.au/feed/latest?story=179808726 en-AU Copyright 2026 Financial Standard 5