The ideal business is one that earns very high returns on capital and that keeps on using capital at those very high returns. That becomes a compounding machine. So if you had your choice, if you could put a hundred million dollars into a business that earns twenty per cent on that capital - twenty million - ideally, it would be able to earn twenty per cent on a hundred and twenty million the following year and on a hundred and forty million the following year and so on. You could keep redeploying that capital at those same returns over time. But there are very, very few businesses like that... we can move that money around from those business to buy more businesses.

Warren Buffet

Latest Papers

The working papers collection comprises historical papers as well as current ideas and works in progress on some of the major issues and topics of our times.

Moody Blue (released 13 July 2016)
Tribute to Ms. S. D. Gurruwiwi (7 Jan 1955 - 23 March 2016)
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Sticky Money (released 23 April 2016)
From "Co-Mingling" to "Sticky Money": Les Hems describes how the Broome Community Impact Investment Model is starting to fly...
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In Every FIbre, Stitch and Thread... The Magic Weaving of Batumbil Burarrwanga (released 21 December 2015)
A photographic essay on the renowned master weaver of North East Arnhem Land, Batumbil Burarrwanga.
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The Spirit of Belonging - Darren Mc Leod (released 17 October 2015)
Darren Mc Leod's Spirit of Belonging Flag raises the debate about an Australian republic to a new level
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WWOOF! (released 26 September 2015)
Reversing the Abbott Government’s 2015 Decision to Deny Second Year Visas to Volunteer International Organic Farm Workers!
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Tjungukutu (Coming Together): An Interview with Neil Murray (released 23 August 2015)
Neil Murray gives us an insight into his new project with Sammy Butcher Tjapanangka
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Cultural Tourism Masterplan: An Interview with John Morse AM (released 23 August 2015)
North East Arnhem land cultural tourism business grows from strength to strength. John Morse talks about the progress and the challenges ahead.
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Oil and Gas in the Northern Territory: An Interview with Dr. Howard Smith (released 22 August 2015)
Dr Howard Smith surveys future developments in the oil and gas industry of the Northern Territory.
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Future Proofing: An Interview with NAB's Glen Brennan (released 22 August 2015)
Reflections on ten years of Indigenous participation in the Australian banking and finance industry. Glen Brennan talks about the achievement of increased Indigenous employment in the banking industry and the new frontier of "future proofing" Aboriginal trusts and benefits through empowered and knowledgeable Indigenous representatives, trustees and business owners
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Ceremonial Economy: An Interview with Djambawa Marawili AM (released 13 August 2015)
Aboriginal homelands are the places that Australians need to be supporting now according to Djambawa Marawili. They are the source of health and life for Aboriginal people. The trend is for government to invest in mainstream communities and towns, making it harder and harder on tribal country. Can we find a way to support the core of the culture: ceremonial life on homelands. Djambawa explains that for Yolngu people, ceremony is as important as our mainstream economy. Ceremonial life is an economy in our terms that is worthy of investment that brings tremendous rewards for all concerned.
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