atans1

But are they interested?

In Corporate governance on 14/06/2010 at 5:34 am

Some time back, BT pontificated:

The aim must be to gradually equip small investors with the skills needed to make more informed decisions and thus minimise losses and complaints when they occur. To do this, a fundamental mindset change is needed – dismantling contra and improving disclosure are only the first steps.

Changes have to be made with a mind to what small investors really need to be told instead of what the financial community wants to tell them.

My problem with this is that it lays the responsibility on anyone but the retail investor.  If he wants to punt mindless, let him accept the consequences.  Why spend money and effort trying to educate him when he isn’t interested?

A fool and his money is soon parted.

As the chairman of SGX, Pillay (he was one FT that contributed to S’pore — at SIA and as one of the contributors to and implementers of Dr Goh Keng Swee’s policies) said, retail investors have to take an interest in corporate governance. Ironically a report on his speech appeared in BT on the same page as the above rubbish.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 199 other followers

%d bloggers like this: