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.

My Island Home - the origins (released 27 September 2019)
In 1995 Mrs. P. B. Burarrwaŋa and the students of Gatirri School, Mata Mata illustrated a song that she and her nephew George had written and reflected on. It was all about their homeland and the life they led in North East Arnhem land and the islands of the Arafura sea.
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Just a Woman from the Bush (released 23 September 2019)
A Tribute to Ḻiya-ŋärra’mirri - Mrs. P. B. Burarrwaŋa, July 2 1956 – December 19 2018 & Goŋ-gurtha Mrs. A. M.M. Burarrwaŋa, circa 1954-2019
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Bäpurru (released 23 September 2019)
A selection of images from the bäpurru honouring Ms. P. B. Burarrwaŋa & Ms. A.M.M Burarrwaŋa, July/August 2019
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Mata Mata Creative Trust (released 23 September 2019)
Over many years Mrs. P. B. Burarrwaŋa worked on projects and ideas in the form of an ongoing creative trust for empowering her Mata Mata homelands community.
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Eulogy for Mrs. P.B. Burarrwaŋa (released 23 September 2019)
Notes of a Short Verbal Eulogy for Mrs. P.B. Burarrwaŋa, Friday July 19, 2019, Mata Mata
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Saltwater Dreaming (released 12 September 2019)
“My culture tells me that I cannot turn my back on the saltwater”. Nardaparli/Vida Brown, Wreck Bay, Feb 22, 2017
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Albo and the Road ahead for Labor (released 19 May 2019)
Tom Uren was confident, in all my interactions with him, that his young protégé and apprentice Anthony Albanese would one day lead the Labor Party and go on to become Prime MInister. Tom was a very earthy man who understood the Western suburbs of Sydney intimately. One of his favorite expressions was ‘If you have your roots deep in the people you can blow in the breeze’. He saw in Anthony, raised in the Inner Sydney housing commission flats of Camperdown by his single mother, a young person who was deeply connected to the people and the grass roots of his community.
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From Aboriginal/Indigenous Peoples to First Nations: The Transformation of Australian Politics (released 18 December 2018)
The new enthusiasm of the Federal Labor Party and Bill Shorten to recognise Aboriginal and Torres Strait Islander people as first nations in the Commonwealth Constitution of Australia is a turning point in national awareness and sophistication. It catches the Australian Commonwealth parliament up with a growing feeling of the Australian people.
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Labor's Big Shift (released 16 December 2018)
"South Australia was the first place in the world that women could run for parliament.. I am particularly proud to say that if we win the next election our Labor government will be the first in Australian history with 50 per cent women in the parliamentary wing" Bill Shorten, Speech to Open the 48th National Labor Conference
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Coming Round to Bill (released 8 December 2018)
Are Australia's political foundations starting to shift? Trust in Canberra has fallen to a new low. Is this a temporary or a permanent condition of Australian political life? and what does it mean for future Australian governments?
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