Bronte Capital
The sometimes eccentric views of John Hempton
Friday, February 19, 2010
Surprise: Peter Johnston still has not taken my bet…
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Nobody has taken my bet . But another fund manager across town is offering a derivative bet (in smaller denomination) that nobody will. A...
20 comments:
Thursday, February 18, 2010
My proposed bet with Peter Johnston from the Association of Independently Owned Financial Planners: an Astarra follow up
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The Association of Independently Owned Financial Planners is a rival to Financial Planning Australia as an umbrella group for financial pl...
17 comments:
Wednesday, February 10, 2010
The final failure of the Meiji right-wing ideology … Japan fades into the future with a walking stick…
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This blog does not usually play war with other bloggers – but something in Ampontan’s criticism of me has got my goat. So if you do not wa...
38 comments:
Tuesday, February 9, 2010
A Morphology of the Sin of Bad Lending
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Grace – it is said – refers to a Single State only – whereas Sin refers to a multitude. Good Lending – like a State of Grace – is hard to m...
8 comments:
Saturday, February 6, 2010
Globalizing the Australian Intergenerational Report – thinking about long term sovereign solvency in Australia, the US, New Zealand, Japan and China
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In the financial crisis governments seemingly regularly guaranteed their banks to stop their banks from collapse. This worked in preventing ...
42 comments:
Friday, January 22, 2010
What is proprietary trading?
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Somewhere in the debate about prohibiting proprietary trading in certain banks we will need a decent understanding of what proprietary tradi...
22 comments:
Wednesday, January 20, 2010
The sweetest usurious bastards
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A long while ago I did some work on Rent-A-Center – a company in the difficult and arguably immoral business of “rent-to-buy”. Rent-to-buy...
23 comments:
Tuesday, January 19, 2010
Market (and taxpayer) sensitive redaction
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Being a fund manager involves many skills. One of the rarer ones is trying to work out what redacted government documents say. The Departm...
16 comments:
Wednesday, January 6, 2010
Astarra: Don't blame the regulator
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Here is an article which blames the regulator for allowing Astarra to go on as long as it did. It is not the only such article. The article...
13 comments:
Saturday, January 2, 2010
A dark privatised social security story: Astarra, the missing money and how examining a fund manager owned by Joe Biden’s family led to substantial regulatory action in Australia
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In Mid September I wrote a letter to Australian regulators which detailed my concerns about a fund manager in Australia known as the Astarra...
28 comments:
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