A sneak into the
past into an infamous fraudster who is now all but forgotten - the Chain Roop
Bhansali story. How he opened a bank and a mutual fund and defrauded a large
number of people.
When Seth Klarman
speaks, you take note.
David Einhorn, a
celebrated US hedge fund manager, has said that he is reopening his fund for
public money as he sees no "risk" of outperforming the market. His
fund has been underperforming the broader indices for over 7 years and AUM is
down from $12 bn to $2.5 bn currently.
The recent volatility in global markets provides an
important reminder: the price investors are willing to pay for a piece of a
company can fluctuate significantly over a short period, despite few
operational changes in the business. These highly emotional periods when prices
tend to get far out of line with value can be a gift for a long-term investor.
Pigeons are making a comeback in military strategy.
Military pigeon forces are all but extinct, but yet the Chinese Army and French Army maintain small pigeon forces in the event that electronic warfare should disrupt or disable military communications.
Thank you for sharing all great articles and many of them are very important to learn and understand the reality of financial markets. Great Job !!.
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