Simon Hannes was a former executive at Macquarie Bank, at a time...

Simon Hannes was a former executive at Macquarie Bank, at a time when getting a job at Macquarie required a stellar IQ. Simon was highly respected at the bank, they gave him a lot of freedom (including the ability to work from home) in order to ensure he was not poached. He earned a eye-watering salary and bonus. But it obviously wasnt enough and so Simon decided to be naughty. Aware of the impending takeover of TNT, once one of Australia's largest transport companies, he secretly bought out of the money Call options under a false name. He could have made millions in this scheme but instead he ended up in jail. Obviously, he lost his job. After a number of expensive court appeals lasting many years he disappeared from the news. Simon messed up badly - has a right to move on and he has paid he debt to society.

I am always interested in what self-made smart money is buying - even if they are sometimes not as smart as they think. So sometimes I like to watch what Simon is doing these days. Well, in the last year he's taken a large position in Decmil. He and his sister own 1% of Decmil,

Decmil is at its lowest market capitalization in almost 20 years. Its not generating scads of money and its ROE is in the negative three digits.

Simon is no dunce, despite his huge stuff up, a long time ago.

So why is Simon buying? Does he know something the rest of us don't know?