Walmart meets the developmental state

The leading role in the economy given to the state in a developmental state is hardly reconcilable with an independent competition policy. Competition policy implies a commitment to the market system with a view to…
Financial PlanningInvestment

The myths of risk tolerance

Risk is not always clearly understood when it relates to investments. It is described in a variety of terms – think of “risk tolerance,” “risk acceptance,” “risk appetite,” “risk attitude,” “risk profile” and “risk propensity”….

Value in Japan

The near 20% fall in the Japanese market in the wake of the earthquake and tsunami has led some Japan watchers to regard this as a unique buying opportunity. They point out that the affected…