I have never owned Steinhoff shares. I was surprised then, when going through some old blog uploads (dealing with a separate copyright issue that I may touch on in another post) to find this share price graph of Steinhoff from 2007 I don’t remember looking at this, but the blog entry was actually about insider […]
I think Bitcoins and the Blockchain are amazingly cool. I still don’t think Bitcoins are a useful currency and I worry that many of Bitcoin’s biggests fans also like the gold standard, Austrian economics and some other crazy stuff. What impact will the loss of Bitcoins over time have on the economy?
I reader asked why so many practitioners use high Equity Risk Premiums in their valuations and fairness opinions. In particular, he mentioned a specific assumption set he had seen including: ERP of 6.8% company specific risk premium of 4% He also commented on how haphazard the use of risk premiums can be and referenced a […]
ENID is a term widely used, just generally not in South Africa. For some reason we didn’t import the term along with most of Solvency II. This has nothing to do with the Famous Five. While it is most common in the general insurance space, it is relevant across the spectrum of risk management and […]
We’ve been in and out of recession. We’ve had more political drama than I’d like for a lifetime. We’ve had several lifetimes of obvious, unresolved corruption and fraud. We’ve had a volatile and depreciating currency by and large. This graph brought it home a little to me: Egypt, despite an Arab Spring has not experienced […]
Systemic risk is risk to the “system” in some way. In the financial services world, it is often defined in one of two ways: The risk of contagion, where failure of an entity leads to distress or failures of others [micro prudential] The risk of an event that can trigger serious consequences for the real economy. […]
Credit Life regulations have been live for long enough now that insurers are starting to feel the impact and the shake-up of amongst industry players is starting to emerge. There have been plenty of debate around the regulations, in part because of the dramatic financial and operational impact they will have, and partly because of […]
In 2014, John Oliphant was fired from the Government Employees’ Pension Fund (GEPF) where he was principal executive officer. There were allegations, some details not disputed, that had Mr Oliphant accused of exceeding his powers and not following due process which amounted to, at the maximum, some hundreds of thousands of Rands. That outcome, with […]