A Nice, Simple Budget Rule
https://www.forbes.com/advisor/banking/guide-to-50-30-20-budget/
Cash Is Dying, But We Aren’t Ready to Bury It
Chickens Come home to Roost on RedditGate stocks
https://www.linkedin.com/posts/rod-dubitsky-0aa94118_hold-the-fing-line-unease-settles-over-activity-6762536488489021440-zjtE
EY chairman admits ‘regret’ over Wirecard failures in letter to clients
Is lax oversight a feature or a bug in the global audit industry? It seems every time a major fraud is uncovered the leadership breaks out the standard playbook: 1) We were fooled as well, 2) It’s not our job to uncover fraud and 3) we promise to do better. Though massive fraud garners the …
The Irrationality of UK Covid-19 Lockdown
As we approach the end of the six week lock down in the UK and talks of extending until June, it’s time for a reality check. Below are some facts that reveal the hypocrisy of the UK lockdown. These stories are replicated in many other places (in fact in a number of ways, the UK …
Clergy criticise tax-haven firms seeking coronavirus cash
Clergy criticise tax-haven firms seeking coronavirus cash https://www.theguardian.com/business/2020/apr/27/clergy-tax-haven-coronavirus-richard-branson?CMP=Share_AndroidApp_WordPress
Behind closed doors: modern slavery in Kensington
Behind closed doors: modern slavery in Kensington – https://on.ft.com/37Tb9K8 via @FT
UK government must come clean on the cost of its EU trade strategy
UK government must come clean on the cost of its EU trade strategy – https://on.ft.com/36UKwnt via @FT
Financial professionals just as susceptible to behavioural biases as investors – The Globe and Mail
If advisors have biases, how can customers vet advisors? Hard enough to vet technical competence. https://www.theglobeandmail.com/investing/article-financial-professionals-just-as-susceptible-to-behavioural-biases-as/
Banks Are The Largest Holders Worldwide Of Leveraged Loans And Collateralized Loan Obligations
While some would say there is less systemic risk with CLOs tbe interconnection between private equity, CLOs and the real economy is staggering. 65% of leveraged loans are funded by CLOs. From pensions invested in PE to the millions of real jobs connected to PE owned firms to bank exposure, CLOs may present MORE systemic …