Given even the academics are heading back to University, it’s time for the old Wrinkle to dust off the cobwebs and ease back into a blog or two.
Wrinkle, wrinkle little star. It’s the time of good cheer, peace on earth, and goodwill to all men.
Most people have heard of the quote by Sun Tzu in the Art of War, “My enemy’s enemy is my friend”. During the week the Wrinkle came across an interesting quote he hadn’t heard before, “Love your enemies, as your friends may turn out to be bastards”.
Which isn’t a bad introduction into the love/hate relationship America seems to have with many in the world, global politics’, and the rise of the Tea Party in the US.
If you consider a herd of antelope grazing peacefully, when a lion appears the adrenaline pumps, everyone runs, and it’s all crazy. Then the lion makes its kill, the antelope settle down some distance away and resume their grazing. This is called "living in the moment".
Given I opened the door last week on interest rate increases beyond the Reserve Bank rate rises, we may as well follow the herd and continue a little longer.
The Wrinkle was lucky enough to be watching Q&A live when the shoe incident happened with John Howard during the week. It was certainly one of the better shows, the producers managed to get a fairly even balance between Johnny tragic's and those who think he should spend time behind bars. The telling sign was the even amount of hand clapping when opposite points were scored during the various questions.
As indicated last week we're going to talk about potential takeover targets on the ASX this week and in particular a comment on the odd gold stock or two. I'd like to start with some general comments in relation to takeovers, and rather than re-invent the wheel I thought it would be useful to share some recent commentary from Tom Elliott, the managing director of MM&E Capital
The Wrinkle recently came across an interesting article from David Potts, the SMH business writer profiling some research from a company called FinaMetrica at one of its websites www.riskprofiling.com.
Here’s an interesting fact to finish the week on, a study amongst students at Cornell University by communication expert Jeff Hancock indicated:
- 14% of people lied in emails
- 27% lied in face to face conversations, and
- 37% lied in telephone calls.
For those of us in business it seems we have a constant battle trying to bridge the “expectation gap” between clients, staff, and suppliers. Robust and strong communication is obviously helpful, but the road to consensus can often be difficult and painful. In the west in particular we tend to think in terms of black and white, or winner and loser. While middle ground can sometimes be achieved it’s never a “given”.
Several weeks ago there was a “left field” seminar on lateral singing in Tasmania. Alan Kohler was there as a participant and summarised the views of one Jonathan West, a former Harvard associate professor who now lives in Tasmania. Mr. West has done various work on innovation type projects for Access Economics and the NSW government (maybe best not to go there) among others. However as the Wrinkle is always interested in the unusual, or less obvious I thought it was worth sharing the four most important innovations of the 20th century as outlined by Mr. West.
If you look around the world both now and throughout history, the persecution of minorities whether by race, religion, or social strata is an underlying key to unrest and in many cases war.
In recent market activity the “chartists” have had a bit of excitement, as there have been both “Death Crosses” and a Hindenburg Omen appearing in the US charts. A lot of people have heard of death crosses, this is were on a daily chart a 50 day moving average moves below a 200 day average, or on a weekly chart a ten week moving average crosses under a 30 week moving average.
If you believe the pundits Mr. Abbott has shot himself in the foot with his dodgy costings and the odds on the election have reversed with Labour at $1.50 and the Coalition on $3.00. Still as some quip said today with the “Katter amongst the pigeons” who knows.
Well the Wrinkle certainly under-called the grassroots dissatisfaction in the Australian electorate last week. We are now left with the prospect of either a hung parliament or a minority government. The next month will prove interesting as the jockeying for advantage continues.
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