A reckless ”boys’ club” inside the Anglican Church has been blamed for the Sydney diocese’s catastrophic losses during the global financial crisis, amid calls for greater involvement of women on the diocese’s boards.
The rector of the church’s Hunters Hill parish, Philip Bradford, said the presence of women on all-male Anglican boards would have brought a more cautious approach to investments that cost the church $160 million during the downturn.
But the diocese buried the motion for the equal representation of women on boards at the Sydney synod, he said, and did not debate the matter.
Women, like men, are people. Individuals. It matters more about the individual than their plumbing. I deal with the investment committees of non-profits on a daily basis, it’s my job. Some women are more cautious, yes. But so are some men. And I noticed no difference in the likelihood of a board member pressing for high risk/high return vehicles based on gender. The real dividers were age and level of sophistication in investments. The young and those who fancied themselves smart investors (but were really just dabblers excited to play with someone else’s money) pressed for private equity, extreme leverage, esoteric hedge funds, and the like. The older and those who either admitted they knew little (and thus just took our advice) or those who really did know a lot tended to shy away. Maybe do it with their own money, but not with that of the charity in their care.
Absurd, ridiculous. Luckily this laughable emission came from a man, otherwise it would have made women look bad.
What an absolutely bizarre assertion. I know of no controlled quantitative study that asserts a correlation — much less a causality — between successful investment strategy and the sex of the investor.
It’s like somebody just had too much time on his hands and decided to come up with some bizarre headline and riff on it.
“Resolved: the color pink worn by humanoids negatively affects foliage cover in the Appalachian range.”
Is that how he decides the topics on which he is going to emote?
Mindbogglingly idiotic rubbish. Nobody could take his assertions seriously (apart from Gloria Steinem and her ilk, I mean), could they?