Wry & Dry #13-25 Stupidity. Morality. Calamity.
Your political party had been in opposition for a decade. Then an opinion poll shows you leading 51-49 against a tired incumbent. Government beckons. What could possibly go wrong?
Enter a hilarious exemplar of Keystone Cops (“inept and bumbling individuals or groups who exhibit incompetence while energetically pushing failure”): a cohort of ambitious right-wing Victorian Liberal MPs who thought that it would be a fine idea to give the DCM to leader John Pesutto.
GLP drugs, Generative AI and Aurelia metals
With First Samuel’s 2024 CIO Events fast approaching, we were interested to see how the two topics discussed last year, GLP drugs (i.e. weight loss drugs) and Generative AI, had progressed over the past 12 months.
The use of Generative AI and tools such as ChatGPT and Bard (now Google Gemini) has continued to multiply. According to a paper published by the National Bureau of Economic Research, since the debut of generative AI less than two years ago, a broad range of professions have begun using the tools. And 28% of workers now use the technology on the job.
Plus, this week’s Investment Matters returns to the August reporting result for Aurelia Metals, our favourite polymetallic miner in Cobar NSW. Interest in returning to Aurelia Metals was prompted by news from another company in the area and in our portfolio …
Most obviously, this led to CBA becoming the most expensive bank in the world.Although foreshadowed by others and market reaction earlier in the week, the decision to reduce rates for the first time since Covid-19 will have a significant impact on Australia in due course.
Plus, this week, Craig discusses some interesting new research on Newmont mining and results from Emeco and Catalyst Metals.