The Real Butlers of the .001 Percent

One of his first jobs was a two-year stint as the chief steward aboard the yacht of a sheik—basically, a butler at sea. The sheik wasn’t on his boat all that often, but when he did set sail, he liked to take the vessel “whoring,” as Bentley puts it. “The girls would all line up…

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The Great Hedge Fund Rip Off Continues

One of the best wealth transference scams ever invented continues.   The same thing can be said for the domestic funds management industry – particularly where superannuation is concerned. Recent changes to remove the best interest provision will see investors even worse off courtesy of a return to the bad old days of belting people…

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Diary Of A Pro Punter

This is actually quite interesting. Tuesday The working week almost always commences on a Tuesday, when I’m generally in the office by 8.00am.(Editor’s note: This ‘office’ is in fact larger than most houses. It is a lavish three bedroom, two bathroom, $1 million-plus penthouse with rooftop entertaining area and pool.)  Tuesdays are largely set aside…

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Dickhead Headline Of the year

Well we are only five months into the year and I think I have found the winner of this years most useless piece of financial journalism. The clubhouse leader is Nicole Goodkind of Yahoo finance whose article Secrets of the worlds sexiest CEO is probably one of the most demeaning and childish pieces I have encountered…

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Amateurs Versus Professionals

This is from the fabulous Lefsestz Letter which about much more than music. AMATEURS Have tons of ideas, are excited about all of them and see none to fruition. PROFESSIONALS Have tons of ideas, pick one and do their best to make it happen. AMATEURS Think they can do everything. PROFESSIONALS Know it’s almost impossible…

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The Slow Death Of Purposeless Walking

Walking is a luxury in the West. Very few people, particularly in cities, are obliged to do much of it at all. Cars, bicycles, buses, trams, and trains all beckon. Instead, walking for any distance is usually a planned leisure activity. Or a health aid. Something to help people lose weight. Or keep their fitness.…

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How The Past Holds You Back

This is somewhat of a weird tale. The other day whilst cooking dinner I was channel surfing and in racing through one of the channels I noticed a face that I knew from the past. Staring back at me as a contestant on a game show was a bloke I used to know – naturally…

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Sultans Of Super Set On ‘Developing’ Your Wealth

I wish I had written this…. Our latter-day sultans of superannuation have breezily lavished a $20 million junket on their sales force and themselves to boot. Before this year’s Byzantium bash, the AMP held its ”conference” in Dublin, South Africa, Amsterdam, Colorado and Buenos Aires. If the behemoths of superannuation shell out two bob supporting…

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