Policing the uneasy truce between due diligence accounting and popular culture.
Tuesday, 29 May 2007
In a 50-50 deal, he keeps the hyphen
Friday, 25 May 2007
We must either love each other, or we must die
Not entirely unlinked to the above is Boris Johnson’s article about happiness in today’s Spectator (read by home county Nazis in tweed), which is the journalistic equivalent of foie gras en brioche. Quite simply fabulous. Before you dive in, though, you might need to mug up (well I had to, anyway, what with my patchy state education) on the following:
- reductionist
- The emergence of Athenian democracy
- TRUD
- Nicomachean Ethics
- Aristotle
- eudaemonic (a crisp fiver to anyone who can successfully weave that into their next conference call)
- pseudo-utilitarianism
- jacquerie
- NEET
- Hesiod
- asphodel
Thursday, 24 May 2007
I think we need a 3-way with Philip
Some sort of coke smuggling gag here, but I can’t quite think of it.
- The verb ‘talk to’ employed to describe anything other than one human being addressing another human being. Example: “These are the slides we’ll be talking to during the debrief.”
- The use of “It’s all about” without bothering to explain what ‘it’ is. Example: “it’s all about celebrating our values”. What is, for heaven’s sake?
Wednesday, 23 May 2007
It’s seldom difficult to distinguish between a Scotsman and a ray of sunshine
- Q: Good morning, and where are you going this fine day?
- A: I’m going smokefree, of course.
Still, at least the government’s 3,200 press officers are earning their salaries. I’m no public sector accountant, but I love the way in which the £322m paid by me and my fellow citizens in 2006, to tell us what someone else thinks we need to know, is somehow ‘turnover’. In such an opaque world, no wonder no-one has any idea how much the government is spending, sorry, earning.
Apparently the fine city of Leeds "struts across England's urban stage like John Travolta in "Saturday Night Fever". Good to see that the British sense of humour is alive and kicking.
Tuesday, 22 May 2007
A distinctly underwhelming compromise
I’ve had the pleasure of reading a competitor’s financial due diligence report today, which contains the following gems in amongst numerous typos and split infinitives:
- “corporate business generally relates to companies”
- “the company reduced prices to counter declining sales. Unfortunately, this had the effect of increasing sales”
Next time you have a hangover, don’t take any crap from your colleagues, attribute your less-than-stellar performance to ‘brain fog’ brought on by gluten intolerance. You needn’t tell them that the gluten was in fact in the pitta of your 3am kebab.
Our friends at Google are really getting into the habit of banning stuff. This time it’s essay writing websites, although the ban hasn’t quite started yet, it seems. I'm sure that there's far more unsavoury stuff to be banned from Google searches (especially with Moderate SafeSearch switched off) ahead of a bit of innocent exam cheating...
I wonder if there’s a gap in the market for a financial due diligence report writing website? Hmmm.
Monday, 21 May 2007
Macro paradigms, or epoch-making overall constellations
Friday, 18 May 2007
It's better to be wrong than alone
Good (ie. brief, and doesn’t contain any bloody ‘random musings’) blog about chatter on the tube. On reflection, this must be made up, as everyone knows that it’s simply not done to talk on the Tube.
Thursday, 17 May 2007
Wednesday, 16 May 2007
A period of deep gloom and bottomless dubitation
Here's a good bit of small print, in case you were in any doubt about copying their advert and racing your car once you've bought M&S insurance:
Next time your train home’s delayed after a long day of run-rate analysis, why not simply let the red mist descend and run riot? Alternatively, you could buy a bottle of Diet Coke and a small bottle of rum at the station, mix them together as you run to catch the train, then drink the lot by the time the train leaves the station, as I saw one of my fellow straphangers do at Waterloo the other night.
Dull property related item – the UK government has fallen out with the entire property industry about something called a ‘Home Information Pack’, which becomes compulsory shortly (after the customary 10 minute public consultation period), despite the fact that they are demonstrably pointless. Despite the endless drivel spouted by government agencies about how great they are, HIPs will really only achieve 3 things:
- It will make moving house £300 more expensive, without actually doing anything useful
- It will result in the seller receiving a patronising report about spending £30,000 on better insulation in order to make savings of £50 per year on fuel bills, and
- It will earn 6,000 freshly-minted, government-mandated (and therefore Labour-voting) Home Inspectors, £48,000 a year (or more than twice the UK average salary) for coming into your house and taking a cursory glance at your windows
For an excellent, surgical destruction of the pointless Yvette Cooper’s windy posturing, take a look at the profession’s view. But then what would the mere property professionals know, eh?
Our Paramount Leader Ken’s pointless posters are back, this time patronisingly telling us to walk for all journeys of 2km or less. Check out the hilarious transcript of the radio ad.
Strange how it doesn’t mention walking in dog turds and chewing gum, getting elbowed by joggers, yelled at by pavement cyclists, knocked down by Chelsea tractor drivers SMSing their nannies whilst shouting at their loathsome children, being intimidated by 12 year old children playing crap tinny rap music on their mobile phones, torrential rain (no umbrella, hole in shoe, all over splashing from heartless bus driver ploughing through a puddle), abused by drunks, hassled by petition wielders, charity direct debiters, Big Issue vendors and free paper distributors, oh, and the fact that on average, Londoners travel more than 10km to work each day, making the entire campaign a waste of time. Still, unsolicited advice from an organ of the state is always welcome.
Burning question of the day – are you a dispositionalist or a situationalist?
With more than 70 million competitors, here are five ways not to describe your blog if you ever want anyone to read it:
1. “General ramblings about stuff”
2. “Musings about my life”
3. “A series of rants about anything”
4. “Writing and stuff”
5. “Random thoughts, posted when I feel like it”
Finally, will you ever get rich? I am apparently heading (glacially slowly) towards ‘High Net Worth’. Apparently I’m missing the ‘X’ factor, though.
Enough random musings about my life and stuff. See you tomorrow.
Tuesday, 15 May 2007
Eurocorruption War Contest results
Notwithstanding Terry Wogan’s increasingly sarcastic (and perhaps inebriated) commentary about tactical voting, there may be something in it.
The map below separates the men from the boys, in terms of the pre-arranged trading of votes with one’s neighbours, based on the final scores on the doors, Isla.
Strange that Italy and Slovakia didn’t bother turning up this year, but good to see Israel hanging onto its European status though.
At the risk of equating a crappy song competition to regional geopolitics, the dividing line between dubious and scrupulous runs remarkably close to the course of the former Iron Curtain.
No less than sixteen countries happily exchanged the maximum (10 or 12) points with a direct neighbour.
Did these shenanigans in the Balkans make any difference to the result? In a word, yes, although I’m not really clever enough to work out why. For a start, Serbia’s winning margin was 33 points, way less than the 73 dubious neighbourly points it received. Also, four of the top five finishers are coloured a sinister red, whereas the highest ranked green nice guy came in at a poor 15th.
There’s probably a maths project about game theory in all this I should think.
In the manner of a hormone-laden teen disco, there’s a palpable sense of unrequited love in some areas, wherein one smitten nation gives maximum marks to a neighbour, and is rudely given the bird (‘nul points’ in Eurovisionspeak) in return. Here, then, is the list of likely future wars in Europe:
- Bosnia and/or Serbia vs Croatia (rematch of previous local derbies in 1912, 1913, and of course the more recent decade-long affair)
- Serbia vs Montenegro (residual bad feeling following the recent divorce?)
- Russia and/or Latvia vs Estonia (the Russians are furious about a statue, and doing more than withholding votes at present; the Lats are p*ssed off that the Estonians consider themselves to be Scandinavians not Balts)
- Armenia vs Turkey (just a little historical misunderstanding)
- Ukraine vs Poland (no imminent return to the Duchy of Poland, it seems)
But then it’s only a bit of fun, isn’t it? Isn’t it?
Embrace randomness and come to terms with black swans
Got an email yesterday with the above title. Is there any any such thing as a black swan? Maybe that's the point.
So, back from a week in
Today’s entry is brought to you courtesy of the Greek variety of the Hyundai Accent, a fine automobile that we had the pleasure of driving last week. Pity, though, that the doors were made from corrugated cardboard, and that it required two people’s grunting efforts to ram reverse gear into place. I guess that the Greek outpost of Europcar has been told that all English take pride in having terrible accents. Ah-ha.
Spent a happy week in a child-friendly holiday compound with a bunch of other London professionals who’ve waited until the brink of middle age to have children. It’s so unceasingly tiring to be a competitive middle class parent, what with proving one’s children’s running, throwing and swimming prowess, frantically singing nursery rhymes to them by way of making up for dumping them in the crèche for most of the day, and of course battle of the camcorders / digital cameras. The latter was a score draw – I counted four Canon EOSs and three Sony High Definition camcorders (including our own stolen one, of course).
Great to see that some clichés of the English abroad are timeless – the bar at the airport (which doubles up as a top secret military airfield and vegetable garden) was full of dozens of surly-looking middle-aged blokes angrily drinking litres of beer at 10am whilst waiting for their delayed flight back to Manchester.
It seems that most of the large accounting firms have been jumping around excitedly about their inclusion in a list of “Companies that count”, drawn up by the fine people at Business in the Community (a fine-sounding if ambiguous name – would drug dealing be classed as a community business?). I should blasted-well hope that accounting firms are companies that count – what the hell else would they spend their time doing?
Reminds me of a competition held at my school back in the ‘80s to devise a new motto. The winner was the memorable ‘Where everybody counts’, until someone helpfully pointed out that surprisingly few people could actually count. Deciding that ‘Where only a small minority counts’ didn’t quite hit the spot, the powers-that-be went for the much more ambiguous (and therefore more appealing) ‘Where everybody matters.’
It seems that Gordon Brown has started campaigning hard. The question is - for / against what? If he does absolutely nothing (or indeed slips away to Greece for a month), he'll still become Prime Minister without the bothersome task of asking the electorate about it, so why fly around the place making vapid speeches? So only a matter of weeks until Brown, Balls and Darling take over the country. My question is this - if the answer is 'Brown Balls, Darling' - what was the question?Friday, 4 May 2007
Nice to see CS claiming that they ‘immediately informed’ the authorities, when in fact CS hadn’t any idea what was going on, and had to be told by the SEC.
Still, secret squirrel info is part of the game. I sit here in the knowledge that the employer of someone I know well is up for sale, which may result in their losing their job. Should I tell them? No, because it’s illegal. Do I want to tell them? Yes. It’s all down to what my MBA ethics professor would call (with an absurdly overdone French accent) one’s ‘moral compass’.
Ever wish you were young again? Maybe in your middle teens, with the best (and most heavily subsidised) years of your life just around the corner? Think again – take a look into the mind of a 14 year old. I suppose one forgets the hormone-fuelled intensity of those difficult years…
Thursday, 3 May 2007
My ass is grass and he's got a lawn mower, you dig?
Wednesday, 2 May 2007
Being born in a stable does not make one a horse
A quick one today – I have proper work to do. So, using the punchy bullet-point style so loved of due diligence practitioners:
- exchanged contracts on the new chimp enclosure in Tooting today, and if I could give you one piece of advice (or 'value add' as we call it), other than the obvious stuff about never trusting estate agents, it’s that you should never sell residential property to a junior investment bankers – it’s just not worth it.
- one of junior chimp boy’s new words this week is ‘castle.’ Problem is, he can’t quite pronounce the ‘c’, leading a number of my fellow Earlsfieldians to believe they’re being called an ‘arsehole’ by a toddler who they’ve never met. The kid will go far. Heh.
- Is it me, or is this an unpaid advert for a well known mobile operator, not an item of ‘media news’. ‘Golden spot’ my foot.
- Say what you like about Gordon Brown’s support in the country, all of 182 people on Facebook like him. Only another 44,775,003 more of us to win over, and the job’s done. Might be easier to use the more, um, ‘reliable’ system of postal voting. I don't know why we bother to elect our new Prime Ministers at all. Hang on a minute...
- For those Daily Telegraph readers out there feeling the urge to splutter in angry protest about something, why not ally yourself to the Campaign Against Political Correctness. The ‘about us’ page is particularly special - in the same way the devil has the best tunes, the lunatic fringe of the UK right has the ugliest nutters.
- If you’ve got 10 minutes to spare and need some adrenalin to brighten up your day, why not try a high-pressure geography quiz? It's simple - you name each of the 192 member states of the UN whilst a socking great stopwatch counts down your ten minute allowance.
Tuesday, 1 May 2007
M’aidez, m’aidez
And it seems that marching and shouting are just about all the dudes at the PCS (Prop: M Serwotka Esq, controller the pen-pushers in various branches of the government machine) will be doing for a while, since they’ve arranged an unhelpfully titled day of ‘industrial action’, which should perhaps read ‘bureaucratic inaction’ on this very day.
Here are some jobs the meaning and purpose of which escape me:
Sharper eyed readers will note that the UK Sunday papers picked up on the Abercrombie and Bitch story featured in this very column ten days previously. The writ is in the post, gentlemen.
Out and about for some client drinks last night. The topics of conversation (in chronological order) are listed below:
- Sufficiency of working capital headroom (it’s all down to judgement)
- Impact on the year end audit of the requirement under IFRS to determine fact patterns (makes it much longer and more expensive)
- Likely effect of the new Companies’ Act on directors’ responsibilities (nothing)
- Whether South Africans who live in Putney are posher than South Africans who live in Earlsfield (probably, but there are fewer of them)
- The minimum amount of outside space a rental flat full of South Africans needs to have a braai (about 0.4m2)
- What roasted guinea pig (something of a signature dish in Ecuador, I gather) might taste like (bony chicken, probably)
- Guessing how many Polish dudes there are in London (the assembled conversers came from all corners of London, and they all had a Polski Sklep in the neighbourhood)
- Whether there’s a correlation between personal wealth and the waviness of one’s hair (yes - supported by empirical evidence from the high powered bankers standing at the other end of the room)
Can you guess the point at which the warm chardonnay kicked in?
And finally, next time you get lucky enough to see your London NHS GP and are told that ‘it’s probably a virus, I suggest you rest’, it’s time to get all pushy and North American on their complacent asses – here are three questions to ask them. I sense, however, that the responses will be a brusque (1) Nothing; (2) No; (3) Of course not, please leave immediately.
Enough already, I need to get ahead of the curve on my anchor tailored insights collateral deck. At least I think that’s what he said.