General

Stoicism is back

Stoicism is back, as if it was a fashion, like flares or ice blue eye shadow.  It is probably not surprising given the laws of motion, that for every action in nature, there is an equal and opposite reaction. What is stoicism equally opposing? One suggestion might be the rise of the catastrophist and a

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A Cents-Less World

At National Australia Bank’s last AGM, CEO Ross McEwan, responded to concerns about ongoing bank closures.  It’s never easy, he said, in an unconvincing, saddened tone, almost persuading me that this was regretted at the highest levels. However, NAB closed 67 branches in the year leading up to that meeting, so it’s clear that in

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Inverted Mentoring

A recent tribute in the Financial Review, What Charlie Munger Taught Me About Life, by Jonathan Shapiro, has made me think about mentoring and having positive role models. Charlie Munger was famous for being Warren Buffet’s sidekick. He passed in 2023, just before his 100th birthday with a net worth estimated at $2.7 billion. It

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