Since very few FFers have attempted to explain National Competitiveness for me Im hoping ye might have more insight on this.
Year To Date
1 January to 30 September 2009
Discretionary Portfolio 16.4%
Directed Investments 0%
Now on competitiveness those who attempted to explain the concept spoke in terms of selling things for more than they cost and producing them for less than others. Basically operating in much the same way as a corporation.
Given that the priority of a corporation is maximise shareholder wealth could somebody explain how investing such significant resources in a non performing asset could be tolerated.
I would ask only FFers respond as this is their private piggy bank