Tuesday, March 31, 2009

Andrew Williams, the Great Panjandrum

More sleaze and innuendo, no not from Dunkin Donut Garner from TV3 but from our self appointed king of the North Shore Mayor Andrew Williams.

I have been called much worse than a selfish nasty person in my life but my favorite description of Andy comes from John Roughan from the NZ Herald who called him "North Shore's panjandrum ".  I had fun looking it up too. 

This from the Sunday Herald:

Heather McCracken

Nobody likes being called names, least of all North Shore mayor Andrew Williams. After the outsider wrestled the city's weighty chain of office and $350 million budget from the incumbent in 2007, Williams now believes he has the qualities necessary to become mayor of the new Auckland super-city.

The problem, he said, is that he is being "victimised" by a "nasty and vicious super-city faction" that is out to get him and seize control of the big new council proposed for the region.

He named right-wing Auckland politicians and bloggers, including the author of the Whaleoil blog, who calls him "the Mad Mayor" and "the Clown of Campbells Bay".

But now the criticism is coming thick and fast: Television's Breakfast show labelled him "egg of the week" for spending $1300 of ratepayers' money on Stop Banks sauvignon blanc for the council chambers; NZ Herald columnist John Roughan tagged him "North Shore's panjandrum", and the Herald on Sunday's Dylan Cleaver dubbed him "a joyless sod" for his objection to an Auckland bid for the Commonwealth Games.

Williams is increasingly responding in kind.

Yesterday morning he emailed arch-critic Cameron Slater, the Whaleoil author, with one word: "Tosser!". Earlier this week he called blogger Darren Rickard a "selfish nasty person"; he called email correspondent Stan Blanch a "loser" and a "tosser" ; and a few months ago he left a council meeting in haste after he called councillor Chris Darby a "smart arse".

His own councillors are now divided about the image he presents of the North Shore. The concerns were exacerbated by his absence - cycling around Central Otago - when the region's leaders gathered for the publication of the Royal Commission's report on Friday.

Most were quick to back Williams yesterday, saying he was a tireless campaigner who was prepared to speak up on tough issues.

"I think there's a silent minority who quietly say 'Good on you, mate'," said Callum Blair. "There's a noisy minority who are trying to attack him."

But Ann Hartley, supported by two others, said: "He's burned his bridges on so many issues on the Shore and offended so many people. I don't think he'd get elected as mayor of North Shore again, let alone anywhere else."

Williams was unperturbed about the criticism, blaming it on a "faction" led by Slater, Auckland City councillor Aaron Bhatnagar and the Newmarket Business Association's Cameron Brewer.

"They're all over there in a super-city faction wanting to get control of greater Auckland," he said yesterday. "They attack anyone who opposes them, and they do it in a particularly nasty and vicious manner."

A vocal opponent of a one-city structure, he said the holiday had been planned months in advance and he couldn't return when the report was released early.

Favourite in a crowded field:

Auckland Mayor John Banks is the favourite for the race to be Auckland's first super mayor, but it's shaping up to be a crowded field. North Shore mayor Andrew Williams hasn't ruled out standing but added there was "a lot of water to go under the bridge".

Auckland Regional Council chairman Mike Lee wants to see the city structure sorted out before making any decision. He said the candidate would need to be someone with a vision for Auckland, who can work collegially.

Broadcaster and columnist Paul Holmes said the increased powers of the new mayor to "get things done" were attractive. However, it was too early to say whether he would run. "I'll be talking about it with friends, and running it past she who must be obeyed."

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    Monday, March 30, 2009

    Shareinvestor.net.nz - The Home for New Zealand Stockmarket discussion

    I launched a stockmarket forum last year but haven't had the chance to spend much time on it for one reason or another and it hasn't had much traffic as a result.

    Diddly squat really.

    It is still there, it has been since May last year and it isn't going anywhere. I still intend to compete with the big boys.

    So here is what you get.

    The site is called Shareinvestor.net.nz and can be reached by using that address.

    The site is free to read and join, you can post text, pictures, attachments and video and email other members if you want to have that option.

    You also have the ability to social bookmark posts.

    The forums covered are companies listed on the NZX, ASX and global indices as well-listed with the company prefix.

    Forex, property and a beginners section is also included.

    There is also the obligatory off-topic section.

    Oh and you should see the smiley icons!

    Come and have a look, join up and have your say.

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    c Share Investor 2009

    VIDEO: Daniel Hannan MEP - The devalued Prime Minister of a devalued Government

    A saw this early last week but this is the first time I have had a chance to post it.


    It is essential watching/listening for everyone because governments around the world are spending taxpayer money we don't have like drunken politicians trying to solve a problem caused by the very same practices.


    Some governments are not, and John Key and the like are the ones on the right track.






    In this speech Daniel Hannon gives the globe a wake up call in his speech to the European Parliament last week and we need to head his advice.


    Enough ranting, watch it.


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    Sunday, March 29, 2009

    A Hickey in Bernard's Advice

    I usually rate Bernard Hickey very highly, he basically tells it like it is and is right more often than wrong.

    He knows interest rates, property and all investment categories generally very well.

    His latest column on the death of stocks as a long term investment bugs me a little though because I think he has got things horribly wrong.

    There has been much talk about the end of equities or the end of buy and hold but my experience in the stockmarket would prove otherwise.

    After more than 10 years of market experience(not long at all and still learning) and my stock portfolio which is 7 years at its oldest and 2 years at its youngest and given one of the worst stockmarket routs since the Great Depression my portfolio is still in the green.

    Granted things could get worse and they probably will but the thing that Bernard et al are forgetting is that investing in good companies and time will take care of your stock investment for the positive.

    Generally, the longer you have held the stocks in your portfolio the better for your wallet.

    In my series of Long VS Short columns I have proven after looking at six different stocks in my portfolio that the longer you have held the better you have done.

    Bernard either has a different view to me what long term is (10 years plus is my interpretation)or he has neglected to take into account all aspects of long term investing; tax credits, compounding dividends when combined with length of time.

    Any asset class (bar residential housing for living in) is better for your pocket in the long-term, especially if you have chosen well and at the right price at the get go.

    You simply cannot beat compounding investment over time and while getting out of that investment is usually inevitable the timing of that must be made before you make that investment.

    Stick to your initial investment intention(if it is a short term investment, stick to it as well) and only alter it if you know you have made a mistake or see circumstances drastically change.

    Bernard Hickey may be right now but I can almost guarantee that years from now he wont.

    Be patient!


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