There is never such a thing as a single true and fair view, only a range of possible outcomes. To assess a value from the mean outcome is as meaningless as the observation that the average person has 1.99 legs.
Tag Search Results
30 July 2014, Financial Times
16 April 2014, Financial Times
It is a poor criticism of a thermometer that it does not tell us how comfortable we feel.
11 December 2013, Financial Times
Although transactions with low probability of large loss and high probability of small gain carry the potential for disaster, they can appear attractive for a very long time – perhaps for ever.
27 November 2013, Financial Times
The Olympiad was a good party, which cost the British population about £200 per head.
17 July 2013, Financial Times
What happened at Enron, and in the banks, was that trading assets were marked to values that had been established not by people who knew about the contracts or the loans, but by the biased and ill-informed assessments of the traders.
19 June 2013, Financial Times
Corporation tax is a tax on corporate activity and on shareholders, and it is not well designed to achieve either purpose.
05 June 2013, Financial Times
British law might have said that the duty of directors is simply to promote the interests of the company’s members. But it doesn’t – and that is no accident.
13 March 2013, Financial Times
For a time, the coalition government seemed willing to let figures tell their own story rather than one written by their political advisers; but that time seems to have passed.
28 November 2012, Financial Times
Ireland accounts for a share of global profit disproportionate to the size of the Irish economy. Not because business in Ireland is particularly successful but because reporting profits in Ireland is particularly attractive.
25 April 2012, Financial Times
The common sense that says “I know the difference between a Cornish pasty and a ham sandwich when I see it” is appealing, but we would rightly find it unacceptable that the decisions of a tax inspector should be based on the principle that he knows what to tax when he sees it.
01 September 2010, Financial Times
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