Mexican tycoon Carlos Slim is now worth $53.5 billion according to the new Forbes Richest Persons in the World list. That puts him above Bill Gates and Warren Buffet, but unlike his US rivals, he remains relatively unknown outside of his native Latin America. There, he controls more than 200 companies. These range from telecoms, [...]
Back in December, the talk of the market was all about gold. The U.S. Dollar was on the verge of collapse and gold would replace it as the world currency. I am sure you heard the talk as well. One evening, my wife came home and asked me if she was invested in gold. You [...]
U.S. investor Warren Buffett holds just over 3 percent of leading reinsurer Munich Re AG, the German company said Tuesday. An ad hoc statement from the company said that Buffett has informed it he now has 3.045 percent of the voting rights in Munich Re. The statement attributed the holding to Buffett rather than to [...]
Once you have made the transaction of entering a trade, you have no say in what happens next. For example, once you purchase 100 shares of Google, the market and company management will determine what happens to your stock. Investing boils down to one assessment that you can control: the price you are willing to [...]
Few investment instruments available on the open market are more misunderstood than closed-end funds, perhaps because at only $150 billion the entire closed-end fund universe does not command a great deal of attention. But investors who recognize a few key aspects are in a position to both capitalize on their unique properties, such as attractive [...]
