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Tuesday, January 5, 2010

Buffet Badge

In the Financial Review column "Pierpont's Dubious Distinction Awards" the Anglican diocese of Sydney gets a gong:

Buffet Badge for Investor of the Year

To the Anglican church for dropping $160 million on its share portfolio. Which proves that even with God on your side you couldn't beat the market in 2008-09.

Goes to suggest that perhaps it wasn't on God's side! Just like Connect09: a work of man and not of God?

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