Many journalists have fallen for the conspiracy theory of government. I do assure you that they would produce more accurate work if they adhered to the cock-up theory.

Blood sport is brought to its ultimate refinement in the gossip columns.

The greatest tribute people pay these days is 'Come back Maggie'.

I sometimes compare press officers to riflemen on the Somme -- mowing down wave upon wave of distortion, taking out rank upon rank of supposition, deduction and gossip.

We're lightening up on resources shares because we're not convinced that the hype about Chinese demand quite matches the reality.

We're not overly concerned about the U.S.-related shares. There's enough earnings growth and valuations are low enough to still be confident.