Word from the street is that HSBC is “near $1.9 billion settlment over money laundering”. The US government is cracking down on money laundering generally, and HSBC is a high-profile target after some subsidiaries revealed less-than-appropriate dealings. Standard Chartered “agrees to settle Iran Money Transfer Claims” is the headline of a New York Times article that…
Michael’s Soapbox
A place for Michael to vent on issues, actions and intentions that make his day less fun. Remember that none of this is advice – it’s just Michael getting it off his chest!
Brief thoughts on Europe
by Michael O'Hara •
Chancellor Angela Merkel arrives in France and is going through passport control. “Nationality?” asks the immigration officer. “German” she replies. “Occupation?” “No. Just visiting.” No really… is anyone else finding it hard to think of European political attempts to fix economic problems without resorting to chuckles? Europe – lessons in moving at the pace…
Financial Planning – DON’T PANIC
by Michael O'Hara •
Famous words, made all the more famous’er by the late but very great Douglas Adams, in his 4 book trilogy “Hitch-hikers Guide to the Galaxy” (although the actual number of books that make up the trilogy is subject to some dispute). Douglas Adams was referring to the great cosmic guidebook produced by Megadodo Publications. “It…
Industry Funds – “Compare the Pair”
by Michael O'Hara •
Wine the big winner post 2011 Budget night
by Michael O'Hara •
Mining taxes and straight-line projections
by Michael O'Hara •
Investment Advice and Bias
by Michael O'Hara •
Everyone has a form of bias built into their decision-making processes. It could be based on bad outcomes from past experiences or better than expected results from one activity over another. It may be that you gathered your relevant knowledge from a source that itself contained an inate bias. The trick is to know how…