Tuesday, 29 May 2018

Suitable Categories

How do you prefer to organise, interpret and analyse information to ascertain its newsworthiness?

Enlightened persons place information in suitable categories.


You may have placed news items today in the following categories:

1. Relevance towards social change

2. Relevance towards cultural change

3. No relevance whatsoever

4. Relevance towards reform

5. Of relevance to improving policy

6. Of relevance to seeking justice

Enlightened persons place information in suitable categories to ascertain cause and effect in relation to future plans and actions.

I am Adagia Newsworthy.  You may recognise me from an event here last year.

Since that time, I have been learning particularly valuable additional performance techniques.

Unfortunately, none of those techniques are of any relevance for use in Sydney when breathing is impossible in that vicinity.

Fortunately, I am rarely in Sydney.  I much prefer being here in the Adelaidezone.

Unfortunately, I am not in the running for a Gold Logie this year.  Nor was I in the running for any sort of award last year.

Fortunately, I usually have much better things to do with my time than appearing on Australian television, with or without being pestered by a chequebook journalist from one of the gutter channels.

Apparently, even politicians in Australia sometimes appear to have nothing better to do with their time than appear on television for money.

Unfortunately, I am currently the owner of quite a few Telstra shares.  They came to me through my grandmother's Will.  She bought them in the initial float in 1997.

She once told me she bought them as an act of patriotic loyalty to Australia, which is why she also bought Commonwealth Bank shares and Qantas shares.

To my grandmother, being a shareholder was much like giving money to charity.  She felt it was a way to do good in the world.

In 1997, she already held shares in quite a few Australian companies, including financial institutions, mining companies and media companies.  She usually only sold off an investment when a company was subsequently managed or owned mainly by foreigners.

Even so, my grandmother held on to her News Corp shares until the British phone hacking scandal came to light.  My grandmother always took an interest in scandals but did not want to be associated with them directly.

She almost sold off her Telstra shares in the days when Sol Trujillo was at the helm.  She thought it was a scandal that a foreigner was chosen to be in charge of important Australian infrastructure.  Yet she was also angry at the early, ill-considered spending sprees of Ziggy Switkowsky.

Soon after the 1999 appointment of Mr Ziggy, as she called him, my grandmother asked me if he was a former rock musician.  She was especially concerned he had previously worked for a competing foreign company.
 
How do you place your investments in suitable categories?

Back in March of this year, I helped out here with a presentation about closing gaps in fairness.  My sister, Advatisa was here then, too.

Advatisa inherited our grandmother's banking shares.  She sold them just before the Banking Royal Commission started and put the money towards purchasing yet another investment property.  Advatisa loves lording it over everyone as a landlord.

I own no investment properties, or any other real estate for that matter.  My superannuation is in a mess.  I have no idea how to go about selling the Telstra shares I have inherited.  I have never held any shares directly before.  My sister and I have not been on speaking terms for the past few months so I doubt she will want to help me.

Our cousin Gareth inherited our grandmother's house.  My sister contested the Will as a consequence of that.  I supported our cousin's rights.  He gave up his job as a registered nurse eight years ago to care for our grandmother full-time in her own home.

Gareth had no personal income except a carers payment.  He had the added stress of dealing with confusing government departments and exploitative health practitioners.

Our grandmother had been widowed for more than twenty years when Gareth moved into her home.  She had not changed anything about the house since she and my grandfather first moved in there in the 1950s.

Gareth's mother Wendy and my father Keith were sister and brother.  My father had always been his mother's favourite.  Auntie Wendy often helped her mother with the chores but my father never did.  He never helped my mother with any task around the house, either.

When assessing suitable categories, distinguishing between side issues and policy issues can often be difficult, especially for someone as lazy and dishonest as my father.  That is why I never thanked him for anything.

My mother and Auntie Wendy have been best friends since primary school.  When my father died in a boating accident a couple of years ago, Gareth gave everyone the emotional support they needed.

I have had a career in marketing for a while now.  I am wondering whether I should contribute to the marketing of political candidates in the future.  Should those persons be considered in a similar way to the members of corporate boards in Australia?

How do you assess people and place them in suitable categories in terms of moral integrity and competence?

My grandmother would give considerable scrutiny to board members of the companies she supported.  That was how she considered her investments.

To her, the companies within which she had shares were like sporting teams.  The shareholders were the fans.  The workers were the players.  Customers were the game.  The product or service was the ball.

Selling is all about providing players with the coaching they need for the game they are playing.  The managers of companies are the coaches.  They should be sacked when too many games are lost.

My grandmother was unsure, in the 1990s, whether she should buy Telstra shares when the opportunity arose. She did not like the fact that another American, Mr Blount, was in charge back then.

Yet all Telstra CEOs since that time, including the current one, Mr Penn, apparently gained management qualifications in the United States of America.

I have no understanding of the management jargon used by Telstra in its communications with shareholders.  It appears to be complete gobbledygook.

What sort of marketing is the company attempting to do?  It is like attempting to communicate with fans of a local netball team in a foreign language.

Have you been attempting to find suitable support and assistance in relation to investing in Australia?

Have you ever wondered whether a government or corporate entity should support a budget for gentleness?

Treating fans and other investors like audiences is a very good idea.

Who should be involved in listening to audiences and being challenged by them?

If you have any basic questions and answers about being here, please place them in suitable categories.

What do you know about leading South Australia?

What do you know about digging up the facts about greed and incompetence in Australia?

Although my grandmother was unable to walk far in the final decade of her life, either Gareth or Auntie Wendy would take her to shareholder meetings whenever possible.  They especially enjoyed their trips to Melbourne and Sydney during the company reporting season.

With both Telstra and Optus board members shaping those companies into something other than providers of telecommunications services, who will be responsible for maintaining Australian connectivity in the years ahead?

Who actually wants to provide viable and reliable telecommunications services in Australia?

Most members of the boards of such companies appear to have no technical expertise in the field at all.

How many of your investments rely on a reliable telecommunications service?

Communicating reliably is likely to be the main strategy of your game.  The telecommunications network is the ball.  Most of the good players have been dumped from the team.  The coaches know nothing about the necessary rules and skills.  The fans love the game but are not happy when the coaches steal all the money from the club.

Australia is the club.

My grandmother called herself a dividend dowager.  She had no superannuation.  She worked all her life without a wage.  She invested the insurance payout she received on her husband's death mainly in term deposits, not shares.  She always spread her risk.  She never took a loan out for anything.  She never had a credit card.  She never allowed anyone to borrow money from her.

Gareth knows our grandmother's house will be demolished once he sells it.  The cost of renovations would be a bad investment in the current housing market and he has no money to do any renovating, anyway. 

He needs to upgrade his training now.  He urgently needs to return to the better-paid workforce.

The cleared land will probably be more valuable to a property developer than all the family memories within the bricks and mortar.

Who is really advancing South Australian fairness at present?

Who is monitoring possible injustices?

Who is hearing the harmonious interplay of beauty, understanding and magnificence?