From Science-Based Life Creationism, or the set of beliefs claiming that the universe, Earth, and all of its inhabitants were created by a deity less than 10,000 years ago (the “young earth” variety), is scientifically untenable. We have no evidence to suggest that the Earth is so young, or that organisms have persisted in their…
I got bounced this article by Michael Pascoe for comment. To save you reading it the gist is this. People who have been making predictions about the death of China seemed to have cocked it up. I am not certain what we are surprised about, the fact that people making predictions cock it up or…
It’s good to be a successful alternative investments manager, as demonstrated by the generous sprinkling of their names in this year’s Forbes 400 ranking of the richest Americans. But it may be even better to be a retired (or semi-retired) alternative investments manager. The top two hedge-fund names on Forbes’ annual list have both stopped…
I cited a piece on CEO pay here. This piece lead me to look at what local CEO’s are paid and conveniently the Australian Council of Superannuation Investors produced the table below. I reordered the data a little to simply show their 2011 Realised Pay to which I added the one and five year…
Over the past few weeks I have noticed something interesting. A number of people I know are cancelling their subscriptions to various data and information feed as well as a few information related forums I know of. Their rationale is that they have grown tired of waiting for the market. If I didnt know better…
Surprise, surprise…the more they get paid the more damage they do to shareholders. Abstract: In this paper we examine the agency costs of seemingly excessive pay awards to CEO’s within the FTSE 100 in the last decade. Are CEOs taking a large proportion of the total pot (a big “pay slice”) more, or less, able…
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