‘Sick of being milked for money’: How Napoleon lost his beauty empire

"Down but not defeated" was how Napoleon Perdis described his frame-of-mind on Thursday afternoon, blaming "greedy landlords", an "uncompromising credit environment" and a shift to online retailing for the shock collapse of his $120 million beauty empire. Down but not defeated: Napoleon Perdis.Credit:Dean Sewell Since he was a 12-year-old boy Perdis has devoted his life to creating wondrous products and potions […]

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Being frank about franking credit concerns

Parliamentary Committee and fund manager criticism of the proposal to cease cash refunds of franking credits as unfair and targeting only retirees and lower income taxpayers has caused concern. Several readers have even asked whether it will still be attractive to invest in tax-free pension accounts in retirement. Retirees investing only in shares have little or no incentive to switch […]

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How Being Short Enables Investors to Be More Long

This article was originally published on ETFTrends.com. By The Acquirer’s Multiple via Iris.xyz One of our favorite Jim Chanos interviews is one he did with FT Alphachatterbox in which he explained how short selling provides ‘long-side’ investors with an insurance policy saying: “Being short with a good short seller who’s producing nominally minor positive returns in a bull market enables […]

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My ‘bottom’ was being drunk on TV. But I’m grateful I hit it before I killed myself or others

He said he would make sure I’d never work in Baltimore again. Ha. My first inclination was to laugh when I heard what the producer said. As if local Baltimore TV was ever a goal of mine. I had far bigger dreams. So what if I kept sabotaging them?  Doing a live TV segment in a drunken blackout was only the latest example. […]

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Being an 'all-rounder' is secret to happy work and life

Footy is over after this weekend and then we’re into cricket. To use cricketing terminology, it’s pretty handy if you can be an “all-rounder”. Older readers, including myself, will immediately think of the famous Keith Miller. He could bat and bowl like a demon. Keith Miller, a great all-round cricketer. “And drink like one as well,” pipes up Charlie. Indeed. […]

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'Stop being bastards': how the royal commission could reform banks

Graeme Samuel is in no mood for beating around the bush. Australia’s former competition tsar, now a professorial fellow at Monash Business School, recalls a meeting with bank executives, in which they quizzed him on how to stop the relentless public mantra of “banks are bastards”. “The first thing I said was: ‘stop being bastards’,” Samuel told Fairfax Media this […]

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Karol Markowicz: Being a woman is pretty amazing — unless you’re a feminist, of course

United States Sen. Kamala Harris D-Calif., speaks at the 21st Annual Lake Tahoe Summit, Tuesday, Aug. 22, 2017, in South Lake Tahoe, Calif.  (Copyright 2017 The Associated Press. All rights reserved.) It’s always entertaining when a poorly thought-out feminist argument refutes itself, saving the rest of us the trouble. In a widely shared moment late last week, Sen. Kamala Harris asked […]

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