“Failings of organisational culture, governance arrangements and remunerations systems, lie at the heart of much of the misconduct examined in the Commission.” – Commissioner Hayne
On February 1, 2019 the Honourable Justice Kenneth Madison Hayne AC QC, the sole commissioner of the Banking Royal Commission (also known as the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry), handed his final report to the Governor-General.Continue reading
The date Lehmann Brothers filed for bankruptcy- September 15, 2008 – marked the worst of the GFC.
10 years is a long time. A decade in the markets is even longer.
New advisors and bankers who are at the beginning of their careers will have only experienced the low interest rates and liquidity that Governments around the world undertook to combat the effects of the GFC.Continue reading
Warren Buffett, founder of investment company Berkshire Hathaway and the world’s fourth richest man, sends an annual letter to shareholders that is also eagerly awaited by his followers.
I have been reading and collecting his letters for many years as they give an insight into Buffett’s value investing philosophy and his investment mind that has presided over Berkshire Hathaway’s compounded annual gain of 19.1% p.a. since 1965. Continue reading
Why is it that many investors get caught up in the hype of making a quick fortune and instead experience poor or mediocre results?
The financial world is littered with examples of speculative bubbles. This is often when common sense goes out the window and people get caught in the lure of making easy money. And it doesn’t seem to matter that these bubbles and the disasters that can follow are well documented.
Friday 20th October 2017, was the 30-year anniversary of the 1987 share market crash when the Australian share market fell 25% in a single day.Continue reading