quote of the week

This is an extract from a Charles Aitken (Bell Potter Securities) report last week...

We are involved in a giant self-inflicted policy wound on Australian equities. Every foreign investor I see believes Australian company management is excellent, but Australian political management is woeful.


As one Chinese investor said to me in Hong Kong last week :-

"Would you buy a stock where the CEO is Julia Gillard, CFO is Swan, independent directors are Wilkie, Windsor and Oakeshott, and the executive chairman is now Bob Brown?

The very best thing that could happen to the Australian equity market is the removal of the incompetent, anti-business, income redistributing, Gillard/Independents Government

If it was a public company, all of these people would be in front of a court "showing cause" as to why they should be in positions to damage the wealth of the corporation and failing on their duties and obligations.