Author Archive

Ego financed by taxpayers: US billionaires pledge 50% of their wealth to charity

Thirty-eight US billionaires have pledged at least 50% of their wealth to charity through a campaign started by investor Warren Buffett and Microsoft founder Bill Gates. The same effort is underway in Europe to get wealthy individuals to give away half their fortunes before they die to charity. I am against this idea, but for [...]

Japanese trade unions recommend ESG integration for pension funds TBLI optimistic on outcome fifth Asia conference

RENGO, the Japanese trades union confederation announced plans, during last weeks TBLI CONFERENCE™ ASIA 2010, to integrate ESG- factors into its investment decisions. These pension funds represent a significant part of the country’s institutional retirement savings, which as a whole is more than JPY 50 trillion (€450 bn). This move is especially important because of [...]

Goldman Sachs: Financial Genius or Cheap Used Car Salesman.

What should one think of a company or salesman that does the following. You go in and ask to buy a ferrari, porsche or other quality vehicle and are excited about the purchase. The car is delivered and you find some problems. The clutch doesn’t work, the tires are worn out, the steering wheel is [...]

I don’t remember

Amazing how the smartest people in the world can remember everything they are doing, clients, deals, income commissions, successes, most of the time. Why is is that when they get into trouble they all get alzheimer and can’t remember a thing? It would save everyone alot of time if their lawyers who advised them for [...]