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.

Aden Ridgeway (released 12 August 2013)
Garma Conversations
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Garma Sisters (released 12 August 2013)
The Story of the Garma Library and Other Adventures
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Bunna Laurie (released 11 August 2013)
Garma Conversations
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Warren H. Williams (released 10 August 2013)
Garma Conversations
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Graham "Buzz" Bidstrom, CEO Jimmy Little Foundation (released 10 August 2013)
Garma Conversations
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Gurrutu - Introduction to NE Arnhem Land (released 7 August 2013)
A Guide for First Time Visitors to NE Arnhem Land
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“Little Cracks of Their Own Mountain Ranges” : The Bark Petition, Church Panels, the Gove Land Rights Case The Formation of Aboriginal Australia’s First Title Deed (released 8 July 2013)
“…there are moments of illumination when the mind expands under the force of new horizons … men such as Djawa and Narritjin could expose little cracks of their own mountain ranges … that made areas of understanding possible.” Edgar Wells, Letter to Ed Ruhe, 1983.
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Walking Between Worlds: A Tribute to Lewis William Griffiths (23 November 1957- 5 February 2013) (released 7 July 2013)
Lew Griffiths was one of the great contributors to the contemporary era of Indigenous politics when so much has been achieved.
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Overcoming the Politics of Disappointment (released 26 June 2013)
If Kevin Rudd wants to have an edge over Tony Abbott then he must create a paradigm shift in Australian politics. Above all he must show he is above the sniping of Labor insiders and open up Labor to greater democracy and a wider gene pool.
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Sussex Street Empire (released 21 March 2013)
The real issues behind the saga of Eddie Obeid and Ian Mac Donald.
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