Too many are too economical with the truth

Too many are too economical with the truth

Surprisingly and pleasingly, the All Ords didn’t turn down at the resistance line last week. It pushed through it, as did the Mining and Energy Indices. While that is positive, it doesn’t mean a sustained turnaround yet. We watch and hope, but the poor performance of the Dow and the gold price on Friday evening is not going to make our Monday any better.

Truthfulness is an important quality that management needs to have if it is going fulfil its moral duties to shareholders and investors. As if a high level of truthfulness wasn’t already a difficult objective to attain, the changes being imposed by ASIC actual make truthfulness harder, if not impossible, to achieve.