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It has been awhile since I got any hate mail – even my blasphemous efforts of last week largely went unnoticed. So its time to tray a little harder – this time I am going to have a go at a true cult – those who worship at the alter of Warren Buffett. This was…
Rolling Stone…..Even worse was the incredible episode in which bailout recipient AIG paid more than $1 million each to 73 employees of AIG Financial Products, the tiny unit widely blamed for having destroyed the insurance giant (and perhaps even triggered the whole crisis) with its reckless issuance of nearly half a trillion dollars in toxic…
I have no idea how this came through my feed – surely the son of someone who is omnipotent would know who was on their team and who gave up imaginary friends in primary school. All I can think of to say is this…….
Lengthy article (but worth the time) on entrepreneurship as seen by Richard Branson. Q: What are the key emotional and psychological drivers for an entrepreneur? [Sir Richard Branson] It’s a combination of passion, vision, creativity and a sense of adventure. I have said on many occasions the reason to start a new business should…
I believe that the definition of definition is reinvention. To not be like your parents. To not be like your friends. To be yourself. Completely. When I was young I had no sense of myself. All I was, was a product of all the fear and humiliation I suffered. Fear of my parents. The humiliation…
For the most outstandingly stupid piece of investment advice you will hear. My only disappointment is that this advice came out on 30/12/12. So we have to struggle through all of 2013 before we hear something equally as stupid for this year. Well life is tough but no doubt the financial media will surprise us…
I have generated a table of the yearly returns for most markets. We look a bit ordinary at +15% Country YTD Chg Venezuela 227.61% Turkey 53.28% Egypt 49.56% Pakistan 49.31% Nigeria 43.38% Estonia 38.22% Thailand 35.80% Philippines 32.95% Greece 32.47% Germany 29.06% Kenya 28.62% Poland 26.24% India 25.82% New Zealand 24.47% Denmark 24.20% South Africa…
I snipped this on the last trading day of the year as part of a year in review video I am doing. The chart compares the relative performance of the following. All Ords (^AORD) Dow (^DJI) Nasdaq Composite (^IXIC) Nikkei (^N225) Hang Seng (^HSI) Dax (^GDAXI) Its important to note that these are relative performances…
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