That trade was a ticket to wealth and everybody knew it. During the ’90s…up until 2007…investment banking was probably the best-paid profession in the world…
October 2nd, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "investment"
Private Investors Can Make 230% of Emerging Asia’s Super-Soar-Away Gains
There’s no fee for investing in the bank’s new Asia ex-Japan Protected Growth Plan 5. (We guess here at BullionVault that means there are already four in issue.) And with the exception of a transfer charge of £100 plus VAT (approx. $230), “all other charges are taken into account in setting the terms offered,” says the brochure. Nor could you ask for better timing…
July 7th, 2008 | Adrian Ash | 1 comment | Continued
Weapons of Financial Destruction
Sophisticated financial instruments that have been in the news lately - derivatives. Another view of derivatives was expressed by someone who actually knew something - Warren E. Buffett, the sage of Omaha. He called them “weapons of mass destruction.”
March 25th, 2008 | Bill Bonner | 2 comments | Continued
Prometheus, With The Cuffs On
Money carries no passport, but it slides through almost any border. It speaks no language, but when it talks, everyone listens. But for all its passe-partout appeal, money has more enemies than friends. And the biggest threat is probably is the financial industry itself. “Don’t worry,” the bright young man at a London private banking told us, “we maintain the highest levels of professionalism and use the most sophisticated tools of modern portfolio management.”
March 17th, 2008 | Bill Bonner | 3 comments | Continued
How to be Smart with your Money and Invest $100,000 Wisely
Smart Money suggests an unconventional approach too - use some of the money to retool yourself. It mentions a couple who decided that they wanted to give up their jobs and go into the wine business. How they were going to get into the wine business with $100,000, we can’t imagine…
March 11th, 2008 | Bill Bonner | 1 comment | Continued