My Life on this planet.

Companies pay former partners Even politicians start to get fed up with incompetence. PwC (PricewaterhouseCoopers) paid former partners for a total of about £100 million , thus people who no longer work for the company. This at a time when it seems they were incompetent to check certain companies so they failed while afterwards the same PwC earned millions to overlook the dismantlement of one of these company and thus PwC earns twice: first to overlook companies whereby they fail to notice mismanagement so the company goes bankrupt and thus little if anything remains for shareholders while other companies probably have to pay more when they want to buy viable parts of the company. Indeed, accounting companies should be forced to split their audit and consulting businesses into two separate companies without any link to avoid abuse of powers. Indeed, being ruthless and without compassion is the only way to work at such accounting companies. These companies also calculate the ...

Warren Buffett, one of the richest man in the world because he is one of the most successful investors ever, just bought via his Berkshire Hathaway company and together with private equity firm 3G Heinz , the well-known food company famous for its ketchup and baked beans. The price they are spending to buy the company is $28 billion (£18bn) and this means $72.5 per share, about 20% higher than the share price on Wednesday and thus a good deal for the current shareholders. The price is about twice the turnover and thus high. Nevertheless, Mr Buffett is nicknamed the "sage of Omaha" because many of his investments are very successful and thus he believes the company is worth paying the price. One of the reasons his investments are successful is because he doesn't buy things he doesn't understand.  (That is why today I no longer buy shares because large companies seem to lie so much I can't be sure they are healthy or may go bankrupt after I buy the shares. Also...