If you were a top executive of the world’s largest asset manager and a client withdrew US$8.5b from your management would you:
a) Be disappointed and then talk privately to the ex client about their rationale, or
b) Issue a public letter to the ex client condemning their actions as putting short term politics over fiduciary obligations and urging them to reconsider their decision?
Continue readingI’m in the habit of keeping a tissue in my pocket. At this time of year, it can be a risk to my dignity.
Continue readingSummer, the 3 months from the solstice to the equinox, has just ended in the southern hemisphere. How did Australia generate its electricity over that time? With renewables?
Continue readingNearly 8 years ago, I published this piece. I could republish it today without changing anything.
The Wall Street traders have been reading my blog.
Blackrock has lodged its 2023 annual report with the US securities exchange this week. It contains an interesting disclosure.
Continue readingStock markets have been pricing in the anticipated end of inflation for the last little while. Is Mr Market right?
Continue readingIt must be around 20 or 25 years ago that BP rebranded itself: Beyond Petroleum. Remember?
Continue readingThe best parody accounts are those that leftists don’t recognise as parody. They get fooled.
Continue reading
Australian Actuary 