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A Shock from The Electric Car Revolution
Read more: A Shock from The Electric Car RevolutionThey were the subject of much derision at the last federal election. Before you say the Labor party, no. Electric cars. What’s powering them (besides electricity)? Batteries. Charge them up and away you go – hopefully for a few hundred kms. Most of the battery focus has centered on the lithium-ion battery. There’s no need to get too deep into various battery chemistries, but some of the minerals and metals required to make the battery are lithium, nickel, cobalt, manganese and graphite. The race to manufacture the batteries has resulted in the construction of a significant number of battery mega…
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More Stakeholders at The Table
Read more: More Stakeholders at The TableShareholders aren’t everything. That sounds like a concerning statement to hear if you’re a shareholder. It might be the sort of thing you’d hear said by less than business friendly types. Hippies, socialists, gasp… millennials! Well no. It was essentially the message that came out of the Business Roundtable last month as they released their Principles of Corporate Governance. The Business Roundtable? Who are they? Business Roundtable is an association of chief executive officers of America’s leading companies working to promote a thriving U.S. economy and expanded opportunity for all Americans through sound public policy. Not exactly the socialist collective and…
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Media Omission & The Market
Read more: Media Omission & The Market“The markets haven’t been very good lately,” the investor said with some concern. “Should we be doing something?” Markets were off their highs. Trump was being Trump. August had been one of those months. Off nearly 5% in a week. Sideways for the next three. A slight upward burst at the end, but the media had been salivating at the prospect of more losses. The wind had stopped blowing and the seas had calmed. The investor was still thinking about those storm warnings. “Well the ASX All Ords is up about 19% until the end of August,” the adviser said,…
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The Legacy of Unprofessionalism
Read more: The Legacy of UnprofessionalismTrust comes naturally to some professions. Take a survey from any country and there will inevitably be a consistent top three in the trusted category: nurses, firefighters and doctors. It makes sense. At their core we have to trust these professions with our health and our safety. Doctors and nurses also provide guidance and comfort in times of need. Down at the bottom? Car salesmen, real estate agents and politicians. These three are primarily transactional relationships. The first two rely on making a sale to ensure their continued existence. It’s obvious there’s some self-interest there, but stories of unethical behaviour…
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Optimism Is the Only Realism
Read more: Optimism Is the Only RealismA ‘3% plunge on the Dow Jones Index’ is ‘sparking fear that the US is on the verge of another recession as ‘more than than 60 billion of wealth was burnt’ on the Australian sharemarket. One analyst said there was ‘a plausible scenario in which the U.S. stock market now collapses by another 70%’ and former US Treasury Secretary, Larry Summers tweeted ‘as in August 1997, 1998, 2007 and 2008 we could be in the early stage of a very serious situation.’ As this paragraph highlights there’s a lot of fear about what happens next in financial markets and across…
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