Michael Murray: Irish investors love to tie themselves down to property, and that is their undoing.

One of the remarkable things about the financial crisis we went through from 2008 until recently is how little appears to have changed in the thought processes of so many Irish investors. Most got badly burnt by an overexposure – either directly or indirectly – to the property sector.

But there is little to suggest a growing appreciation of the merits of other asset classes which can offer easier and potentially safer longer-term ...