Who sez Ozzies are dumb?

Not outgoing Temasek CEO Ho Jinx.  She just didn't know how smart Eddy Groves, founder of ABC Learning truly was.  This Brisbane Times article is worth reading; not just for Ho Ching-ing but also for its business savvy and insights, not always obvious, at least not to me.

Do corporate eggheads always get fried by the flaming energy of the street-smarts?  Why?

Of course, $400 million is, with apologies to the former patron of NKF, "peanuts" compared with the tens of billions pocketed by short-sellers of UBS, Citigroup .. ad nauseam; but that is another story to be spun by the "masters" of strategic investment.  One has to wonder what was the strategic advantage of investing in child care?  Oops forgot, a balanced portfolio contains both medium-term targets of opportunity as well as long-term strategic investments?  Indeed, it was an opportunity; but for whom?  Stupidity, by any other name, MBA-speak or not, would stink as much,