Magellan financial group's Hamish Douglass lost nine per cent of his company's value today, but says today's downturn is just a blip. A bigger risk, he says, is the massive fiscal stimulus from the Trump administration, potentially stoking inflation and leaving central banks caught behind the eight ball.

Elysse Morgan spoke to Hamish Douglass, CEO of Magellan, on the day of the company's result.