Shareholder Activism on the Rise

  Because most companies are on a calendar year for financial reporting, their annual shareholder meetings and proxy statements are considered by their owners in the late spring to early summer.  This annual meeting season has seen a rise in shareholder...

Greek Debt Risk Still Present

  Last week the Standard & Poors 500 Index surged 5.6% having almost everything to do with the possibility of a resolution to the Greek debt crisis.  Most market participants felt that the situation was resolved.  You might have noticed that I did not blog...

2011 Predictions Half Year Update

Today marks the end of the first half of 2011, so it is time to return to my 2011 Predictions to see how I have done so far this year.  For ease in evaluation I will re-post each prediction in its entirety, followed by evaluation and commentary. OVERALL THEMES...

Egyptian ‘Revolution’ Update

On 15 February, 2011 I wrote a post entitled, “Archetypes Are Obscuring the Understanding of Egypt” that was about the unrest in Egypt that was then unfolding.  My specific focus was about how people’s, including the press’s, obsession with...

Chinese Auditors Find Lies

Yesterday’s Wall Street Journal ran a story that only confirmed my worst fears about the quality of Chinese financial data.  In short, the piece, entitled “Auditors Sharpen Queries in China,” catalogs a series of lies found by auditors of Chinese...