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Reuven Brenner

Financial Options for a Country Waiting for a Divorce

Mon, 2014-09-15 13:11

Authors: Reuven Brenner

Publication: La Presse, IRRP


In its first paragraph, the draft bill of the Quebec government, tabled on December 7, 1994 in the National Assembly, declares that "Quebec is a sovereign country."

In the next paragraphs the bill indicates ways in which constitutional, territorial and legal issues, as well as those linked with currency and international alliances would be settled in case of separation. Paragraph 15 states:

Source Site: /desautels

Asia and a happy future for opera

Fri, 2014-08-15 10:27

With classical music's popularity thriving in Asia (as millions of youngsters in China in particular are studying piano and violin from early age), and with the financial difficulties facing classical music in the West, opera houses in particular (as the New York City Opera bankruptcy, the present negotiations at the Metropolitan Opera, the last minute rescue of this year's season at the Rome opera house, and the constant strikes at classical music venues in France suggest), the question is: can classical music be financed without significant government subsidies? 

Source Site: /desautels

The 'non-state' solution

Fri, 2014-08-08 11:48

US Secretary of State John Kerry and his predecessor, Hillary Clinton, stick to their firm belief that a two-state solution is the only way to end the long-running Middle East conflict involving Israel and Palestine They are mistaken. 

Source Site: /desautels

Lettre Ouverte aux Investisseurs Irresponsables

Thu, 2014-07-17 15:01

J’ai toujours considéré l’investissement et la Bourse comme l’une des activités humaines parmi les plus stimulantes qui soient.

... Comme le dit l’économiste canadien Reuven Brenner, le progrès économique et social repose d’abord et avant tout sur notre capacité à marier le talent et le capital.

Read full article: Orientation Finance

Source Site: /desautels

EU elections and demography

Wed, 2014-06-18 11:51

You have heard about the “seismic”, “shocking” and “bombshell” results from last month’s vote in Europe for the EU parliament. Many traditional, centrist parties lost ground and in France and in the UK, anti-EU parties (the Front National and UKIP respectively) received the most votes (around 25% in each case).

Source Site: /desautels

A Europe losing cohesion

Wed, 2014-06-04 14:30

Ever since France's defeat in 1870-1 in the Franco-Prussian war, when military strength was identified with numerical superiority, demography, language and culture have become permanent parts of, and, at times, the focus of French politics. 

Source Site: /desautels

Warren Buffett and Tech Stocks: Why Doesn't the Oracle's 'Common Joe' Portfolio Include Apple or Google?

Fri, 2014-05-09 15:20

With Mr. Buffett's annual celebration last weekend and some grumbling about his failure to beat the market in four of the last five years, people keep reminding me of a piece I wrote in 1996 for Dow Jones about Buffett's portfolio. 

... Reuven Brenner holds the Repap Chair at McGill's Desautels Faculty of Management, serves on the Board of McGill's Pension Fund, and is a member of its investment committee. Brenner's last book is World of Chance (2008).

Source Site: /desautels

The 'Why' Of When Family Businesses And Countries Prosper

Tue, 2014-04-29 09:39

“And so, my fellow Americans, ask not what your country can do for you; ask what you can do for your country,” is the saying now famously associated with John F. Kennedy, though Oliver Wendell Holmes said it eight decades before.
This same statement is the precise recipe for the survival and success of family businesses too, though as far as I know, nobody put it quite this way: “And, so, my dear relatives, ask not what the business can do you for you; ask what you can do for the business.”

Source Site: /desautels

6 Economists Every Entrepreneur Should Know About

Tue, 2014-01-07 16:18

For years I’ve rejected the false choice that entrepreneurs are forced to make when it comes to the subjects of political science and comparative economics. First is the offer to buy in to the notion that there exists no natural connection between the underlying motivations and incentives which inspire entrepreneurs and their political and electoral choices.

Source Site: /desautels

Match of the Day

Wed, 2014-03-19 15:35

Demographic changes and increased mobility of people and ideas are posing significant challenges for global commerce, with even emerging economies struggling to match capital with talent. But, in spite of the glacial pace at which the West is adapting to the new realities, there may be cause for cautious optimism. 

-Article by Reuven Brenner

Read full article: Quantum, April 2014 

Source Site: /desautels