GOLD 0.51% $1,391.7 gold futures

I am very reluctant to do a hatchet job on a civil servant. For...

  1. 7,423 Posts.
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    I am very reluctant to do a hatchet job on a civil servant.

    For many years I worked in banking and had a lot to do with staff in the RBA and APRA at various levels. For the most part they were diligent and capable at their jobs, and in some were the unsung heroes who badgered Australian banks in Basel II compliance which was major factor in cushioning the Australian banking system from the worst of the GFC.

    But being good central bankers and good regulators doesn't make you a good trader or investor.

    I don't think that I would hand control of my investment portfolio to someone who has never had his hands dirty:

 
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