July 30, 2005

Skype - The whole world can talk for free.

Skype - The whole world can talk for free.

135 million people have already downloaded Skype software which allows free net calls. You can also call landlines and mobiles in every nation for a fraction of the usual rates.

In our home we have a phone which plugs direct into the router - and works on the same principle. From

http://www.kinitron.co.uk

This technology also allows corporations to create virtual offices and switchboards at almost zero cost.

July 29, 2005

Future of Fund Mangement and Related Issues - Dr Patrick Dixon for ICBI 2005

Future of Fund Mangement and Related Issues - Dr Patrick Dixon for ICBI 2005

Interesting how few fund managers believe their actively managed retail equity funds are worth investing in.

Most of the fund managers at the ICBI conference had little confidence in their own funds - according to the straw poll in my own plenary.

Best value: tracker funds

July 28, 2005

Terrorism

Terrorism

2 out of 4 of the would-be suicide bombers last week in London were African. Unless we sort out the growing inequality between rich and poor, especially the poverty crisis in Africa, we will see new protest movements emerge that will make Al Qaeda look like a mere insect bite.

450 million children in Africa will become adults by 2020, most of which exist today on per capita incomes of a single dollar a day or less.

July 24, 2005

Terrorism

Terrorism

The real challenge in dealing with the recent London bombing attacks is how to deal with the underlying issues.

We learned that over 30 years in responding to the IRA terrorist threat.

During the Second World War it was rare to find soldiers willing to go into combat on suicide missions, although individual acts of supreme bravery were common.

We need to understand why young men (mainly) are so willing to give up their lives in this way, and what they hope to achieve for the world they leave behind.

Of course those reasons are complex, vary from person to person, but there are common elements which include intense feelings of injustice, and contempt for what is seen as a degenerate and evil society.

The other thing we learned from the Irish troubles was that the greatest weapon of a terrorist is fear - and that fear is usually irrational.

By the end of the Second World War around 25% of all London homes were damaged or destroyed, yet life went on.

Even if there ten deaths from terrorism in London every week, the statistical chances of being killed in this way would be less than being killed on the roads as a part of normal day to day life.

Every nation affected by terrorism needs a sense of perspective, which is the greatest protection against terrorism of all. We cannot allow bombers the victory of bringing the whole of London to a halt.

July 21, 2005

Future of Fund Mangement and Related Issues - Dr Patrick Dixon for ICBI 2005

Future of Fund Mangement and Related Issues - Dr Patrick Dixon for ICBI 2005

Here is a strange thing. In my experience it is rare to find fund managers who are confident they can outperform tracker funds, or who actually have a significant proportion of their own wealth tied up in their own actively managed retail equity funds, or who would recommend such retail investment products to their own family or friends.

Quite the opposite, as a straw poll identified during my keynote for ICBI. Most fund managers seem to think that their products offer poor value for money - with charges of maybe more than 2% each year on gains of maybe 4% in a good year and less than 1% in bad.

A misselling scandal waiting to happen?

July 20, 2005

ACET International Alliance - ASSET - AIDS prevention and care

ACET International Alliance - ASSET - AIDS prevention and care

See news on new countries covered by the ACET International Alliance family - a foundation which my wife and I started back in 1988 and is now active in many parts of the world, saving lives and caring for those affected by HIV.

July 08, 2005

BBC NEWS | UK | London bombs killed 'at least 50'

BBC NEWS | UK | London bombs killed 'at least 50'

All terrorism is an extreme expression of tribalism, which is the most powerful force in the world today. More powerful than the combined military of US, China and Russa.

Unless we sort out the growing inequality in Africa we will find new protest movements grow up which will make Al Qaida look like a mosquito bite.

450 million children are growing up in households across Africa that survive on $2 a head or less each day. Many see Western lifestyles on TV in village bars and towns... and they see their own.

This issue is perhaps the greatest moral challenge to our world today.