Showing 1 - 10 of 13
Even Warren Buffett makes statistical errors
News, Published on 24/05/2025
» One person you wouldn't expect to hear tout a statistical fallacy is Warren Buffett, but the legendary investor appeared to do just that at the recent Berkshire Hathaway annual meeting, a reminder of just how easy it is to fall into statistical traps. While speaking at the annual meeting in early May, Mr Buffett commented while holding up a can of sugar-laden soda: "For 94 years I've been able to drink whatever I want to drink. They predict all kinds of terrible things for me, but it hasn't happened yet ... Charlie [Munger] and I never really exercised that much or did anything -- we were carefully preserving ourselves for these years."
How the world can escape the new Gilded Age
News, Published on 25/10/2024
» Tech billionaires such as Bill Gates, Mark Zuckerberg and Elon Musk are not just among the richest people in human history. They also are exceptionally powerful -- socially, culturally and politically. While this is partly a reflection of the social status that our society attaches to wealth in general, that is not the whole story.
Asian startups can learn from IPO flops
Oped, Published on 04/03/2023
» Almost every startup, if not all, dreams of growing bigger and getting listed on the stock exchange one day.
The virus will make everything you hate about flying worse
Published on 20/07/2020
» SYDNEY: Last month, my wife and I planned our first holiday in six months. It was a hectic experience. Borders between most Australian states had been closed since the start of the coronavirus lockdown. We’d been hoping to fly three hours to the tropical resort town of Cairns in northeastern Queensland state, to escape the Sydney winter and holiday with friends.
Charity, not politics
News, Published on 05/04/2019
» Re: "FFP makes waves for better and worse", (Opinion, April 1).
Time to adopt the Buffett proposal
News, Published on 19/01/2017
» President-elect Trump's criticism of our trading relationship with China, has produced predictable reactions. Economists warn against "protectionism" and the dangers of trade wars. Alarmed diplomats remind us of the American interest in maintaining good relations with China to deal with such matters as North Korea's threatening behaviour.
Donations won't plug wealth gap
News, Sirinya Wattanasukchai, Published on 18/01/2017
» As global political and business leaders along with many of the super-rich gather at the World Economic Forum this week in Davos, Switzerland, international advocacy group Oxfam released a report on Monday revealing that eight men are as wealthy as the poorest half of the world's population.
Obama spent the past eight years fighting inequality
News, Ron Formisano, Published on 19/09/2016
» You'd never know from this year's presidential campaign rhetoric that anyone in Washington has been paying any attention to economic inequality. Donald Trump has hijacked the Republican Party with his populist rhetoric about working class Americans no longer "winning", and Hillary Clinton acknowledges at every turn that inequality needs addressing. No one seems to recognise the great strides made during the past eight years of Barack Obama's presidency to mitigate the problem.
Warren Buffett tumbles into 'The Confidence Trap'
News, Published on 04/05/2016
» Warren Buffett, chairman and chief executive of Berkshire Hathaway, is a confident man. Having built one of the greatest businesses in history, and having become one of the world's richest men in the process, he sees great prosperity in the rear-view mirror, and more of the same ahead.
Chinese stock investors are swimming in a bubble
News, Published on 23/06/2015
» JPMorgan Chase and BlackRock disagree about China's stock bubble. The former says last week's 13% share plunge is a reason to buy; the latter sees things "deflating quite rapidly".