THE WSJ AND REUTERS REPORTED TODAY that the Deutsche Böerse take-over of the New York Stock Exchange is “heading for the rocks”. So what happened here? And was it ever really expected that this deal would go through? Here are the facts: It’s unquestionable that the Deutsche Böerse has a greater degree and percentage of liquidity than the NYSE. It …

MANY PEOPLE ASK ME for my opinion on the nature of the Australian economy. The truth is that the Australian economy is, perhaps, remarkably strong. And the reason I say “perhaps” is because it appears that everyone believes this. Everyone, that is, except the average Australian you speak to on the street. Not that you should believe them. Unfortunately, Australia …

PARTICULARLY IN THIS NEW economy, strong fundamentals play the most critical role in business valuation and likelihood of a successful exit. It used to be that the ever-growing western economy covered the flaws of a business – and this was superficially true. Most business success in the past 60 years has occurred because of conditions outside the boardroom – like, …