The Recession We Have To Have
04 Sep 2008
As a child I always ate my vegetables first and saved the steak for last, bowled first and batted last in backyard...
READ MORE Babcock, The Banks and Russian Roulette
26 Aug 2008
Firstly, Babcock isn’t broke yet, despite all the post mortems in the weekend press. The 30 June accounts still...
READ MORE Babcock Implosion Gathers Pace
19 Aug 2008
The bad news at Babcock & Brown is mounting. Since my last post on Babcock and Brown less than three weeks ago,...
READ MORE Why Short Toll Roads Fail
19 Aug 2008
[caption id="attachment_182" align="alignleft" width="504" caption="Sydney's M7"][/caption] Investing in...
READ MORE Property Trust Losses Should Top $30bn
08 Aug 2008
Someone needs to tell the bean counters at Australia’s property trusts that there’s a credit crisis on. While the...
READ MORE Lessons From The Bear Market
04 Aug 2008
From a research perspective, the past 12 months have been the most difficult in The Intelligent Investor’s 10-year...
READ MORE Is Babcock Cheap? – The Final Day
29 Jul 2008
A few years ago I read a book called No Two Alike by Judith Rich Harris, which Charlie Munger had recommended at the...
READ MORE The Structure of Babcock's Capital – Day Nine
18 Jul 2008
Babcock & Brown’s capital comes from a combination of bank debt, subordinated equity and ordinary shares. I’ll...
READ MORE Restoring Confidence In Babcock & Brown – Day Eight
15 Jul 2008
Making the bull case for Babcock doesn’t require the creative mind of a science fiction writer. If the future is...
READ MORE Babcock & Brown: How Bad Can It Get?
08 Jul 2008
Downside analysis is one of the most important parts of any security analysis; what’s the worst that can happen...
READ MORE Babcock plays the regulatory game – day six
02 Jul 2008
As I mentioned in the first post in this series, Babcock & Brown is not a bank. That means it’s not regulated by...
READ MORE Babcock stains a promising record – day five
30 Jun 2008
Last spring I had the pleasure of watching a magpie raise her chicks five metres from my living room window. Apart...
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