tag:blogger.com,1999:blog-14457232127152238.post4244858608379405623..comments2023-11-03T00:06:36.875+11:00Comments on Bunyipitude: Will Prof. Flannery Make Up The Shortfall?Bunyiphttp://www.blogger.com/profile/14668398379654771814noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-14457232127152238.post-6531814183672021642011-12-19T04:10:50.910+11:002011-12-19T04:10:50.910+11:00UNISUPER has however provided a service and a less...UNISUPER has however provided a service and a lesson for us all in something else they have done.<br /><br />Nearly ten years ago they introduced a "socially responsible high growth" option that was directly comparable with their existing "high growth" option, but was of course so much better because it invested only in good things "selected on the basis of sustainable criteria".<br /><br />Despite all the subsidies in the meantime for renewable power, desal plants and so on, and all the punitive taxes and regulations on drinking, smoking, gambling etc., the "socially responsible high growth" option has returned 40 per cent less than its irresponsible brother and in fact performed worse than any other UNISUPER option over the past seven years.<br /><br />Super funds should sack their "sustainability officers". They would not only save the salaries of these bludgers, they would also prevent their members from coming a cropper by investing in subsidised and hence inherently risky and intrinsically low-return assets.<br /><br />Relevant UNISUPER links:<br /><br />http://www.unisuper.com.au/investments/options-and-performance/super-performance/socially-responsible-high-growth<br /><br />http://www.unisuper.com.au/investments/options-and-performance/super-performance<br /><br />http://www.unisuper.com.au/investments/options-and-performance/pension-performanceDavid Brewernoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-61277023196686090972011-12-16T07:10:07.113+11:002011-12-16T07:10:07.113+11:00Seagoon: Is that an Eton tie you're wearing?
E...Seagoon: Is that an Eton tie you're wearing?<br />Eccles: Yup!<br />Seagoon: What did you do at Eton?<br />Eccles: I bought a tie.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-3378303347428945802011-12-15T23:41:15.819+11:002011-12-15T23:41:15.819+11:00Had to laugh at Loondowsky bemoaning MSM for not s...Had to laugh at Loondowsky bemoaning MSM for not spruiking up last April's Verdantrix Report whereby it's predicted- <br />"The Australian sustainable business market will grow to $2.9bn in 2014 from $1.6bn in 2010, according to a new report from independent analyst firm Verdantix." in particular-<br />"Innovative firms like CarbonSystems, Energetics, Intelligent Pathways and WSP Environment & Energy already benefit from the market for energy efficiency and carbon management."<br />Every damn one of them is a bunch of consultants, advisers and thinkers in residence just waiting to strip real doers and makers of their dough with environmental sustainability plans and systems and the like. Well apart from the power generators forced to charge the carbon tax and implement Gummint Greening pogroms of course. Pure bloody admin leeching off industry and this is Loondowsky's 'sustainable' jobs future. 'The curious invisibility of progress' to be sure looney toon.<br /><br />observaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-51571660786431600982011-12-15T13:25:16.745+11:002011-12-15T13:25:16.745+11:00George W Bush is an MBA from Harvard !! Perhaps it...George W Bush is an MBA from Harvard !! Perhaps it should be an MFA ! They don't as a rule know much ?Borisgodunovhttps://www.blogger.com/profile/18251294056445027166noreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-18567848591026822962011-12-14T20:58:24.521+11:002011-12-14T20:58:24.521+11:00I liked this bit:
'A CYCLIST who required plas...I liked this bit:<br />'A CYCLIST who required plastic surgery after a horrific crash has vowed never to use Beach Rd again until parking is banned along its entire length.'<br />Sort of a 'Non-Occupy threat'. She wants to ban the cars - that are registered and thus their owners pay the insurance that doubtless covered her medical bills - so that she can ride unimpeded. That'd be sustainable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-18882105153294296642011-12-14T20:40:42.533+11:002011-12-14T20:40:42.533+11:00I note that our sustainability wunderkinder lists ...I note that our sustainability wunderkinder lists under 'education':<br />Harvard Business School<br />2008 – 2008<br />That smacks to me of 'I was sent on a short non-award course'. Note: no qualification listed; academic year in the US runs from roughly September to May, so even a one year degree course (MBA??) would involve two calendar years. If you have qualifications, you specify them.<br />Reminds me of the Goon Show line: 'I went to Eton' (to make a delivery or whatever).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-71321973164425752332011-12-14T20:11:35.819+11:002011-12-14T20:11:35.819+11:00What, exactly, does one do for < 1year at Harva...What, exactly, does one do for < 1year at Harvard Business school ?duncannoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-31671354502758811572011-12-14T19:24:11.351+11:002011-12-14T19:24:11.351+11:00Before retirement into a well-earned dotage, I was...Before retirement into a well-earned dotage, I was a taxation consultant, with an emphasis on self-managed super funds. I was asked whether an accountant's client had breached any laws by having his SMSF invest in a green-power scheme.<br /><br />For $1 million (yes, $1 million!) his SMSF invested in a tidal power generator which generated $0.15 worth of power each hour. Do your own maths - that's $1,300 per year on a $1m investment. That was 100% of the fund's investments! [eggs/basket, anyone?]<br /><br />My retirement will be more prosperous than his client's retirement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-9979096706941071072011-12-14T16:21:06.970+11:002011-12-14T16:21:06.970+11:00Cher Professor, every day you come up with a new v...Cher Professor, every day you come up with a new version of shock and awe. Your investment choices come up to scratch here. I am so glad that UniSuper has not got you by parts of the anatomy that if damaged might make your investments seem possibly less personally rewarding should you wish to avail youself of some mooted discounting (however such concern is probably unnecessary, as I think also your current squeeze may have a teeny objection to you furthering your investor research in this manner even should you be so inclined).<br /><br />I had an inkling that UniSuper investments were of a rather green tinge but not that they were also quite so salty. All the better to bed down the pork, I guess they thought, but they were wrong, n'est-ce pas?Elizabeth (Lizzie) B.noreply@blogger.com