Australian Actuary
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I am a consulting actuary in Melbourne, Australia. My work is based on pensions, employee benefits and reward. I write about economics and business with focus on labour productivity and financial risk.
Australian Actuary
6d ago
If you were a top executive of the world’s largest asset manager and a client withdrew US$8.5b from your management would you: a) Be disappointed and then talk privately to the ex client about their rationale, or b) Issue a public letter to the ex client condemning their actions as putting short term politics over ..read more
Australian Actuary
3w ago
I’m in the habit of keeping a tissue in my pocket. At this time of year, it can be a risk to my dignity. The tissue is there primarily to clean the nib of my pen. I use a fountain pen. In fact, I use one of three, depending on my mood. And the nature ..read more
Australian Actuary
1M ago
Summer, the 3 months from the solstice to the equinox, has just ended in the southern hemisphere. How did Australia generate its electricity over that time? With renewables? 70% generated by coal and gas. For all the hot headed blowhards spouting their windy verbiage about solar and wind, hey Minister Bowen I’m thinking about you ..read more
Australian Actuary
1M ago
Nearly 8 years ago, I published this piece. I could republish it today without changing anything ..read more
Australian Actuary
1M ago
Blackrock has lodged its 2023 annual report with the US securities exchange this week. It contains an interesting disclosure. The relevant Form 10-k filing is at this link. The interesting disclosure relates to business risks and Blackrock’s stance on ESG matters. An excerpt is shown below. We can conclude that the Blackrock board of directors ..read more
Australian Actuary
2M ago
Stock markets have been pricing in the anticipated end of inflation for the last little while. Is Mr Market right? Mr Market is always right, correct? Always right, eventually. Like Manuel said, “Eventually!” In the meantime, various central bankers around the world, including both heads of the US Fed and the Australian RBA and even ..read more
Australian Actuary
2M ago
It must be around 20 or 25 years ago that BP rebranded itself: Beyond Petroleum. Remember? People scratched their heads in puzzlement. What does it mean to be an oil refinery business producing petroleum and yet decide to leave that product behind? It didn’t make sense. It still doesn’t make sense. The current CEO of ..read more
Australian Actuary
3M ago
The best parody accounts are those that leftists don’t recognise as parody. They get fooled. Take this one as a perfect example: The fun in this parody is that those inclined to believe anything that seems to justify the global warming narrative is believed (especially if tweeted by someone who calls themselves Dr. Steve…) even ..read more