Ok, a couple of years ago, Australian National University sold their shares in Santos…
And another company, but that’s not the point…
Ok, I can look up the other company too, but I suspect that nobody else will do it, just like nobody else has done what I just did…
Which is look up how much Santos has dropped since then.
Anyway, various Liberal ministers – Pyne included – attacked the University for selling out Santos.
Yep, as I’m fond of pointing out: “The struggle of man against power is the struggle of memory over forgetting.” (Milan Kundera)
So, should the university have kept their Santos shares? Did any of the Liberals take advantage of the low, low price and buy in when they were a lot more expensive than they are now?
Or did they just criticise the university because institutions where their natural brilliance isn’t recognised, just doesn’t understand how clever they are?
Mm, I thought the point of investing was making money.
Buy shares in banks. Or the ASX. They make money whatever happens…
Mining stocks…
Not so much!
(Rossleigh would like to disclose that he has never been silly enough to buy shares in companies that have no future, like companies involved in coal.)
