Reading Time: 2 minutes Final push for Dec 6 CFA I Working on Schweser practice exam now. One lesson from last June test is too little practice exam (only one). Lets see if I could complete all 3 practice exams by Dec 5: with careful reviews and reading on weak spots. Unite miles for WSJ I got this idea
Reading Time: < 1 minute The Indian Mumbai incident caught a lot attention these two days (started on Wednsday Nov. 27 10 PM Indian time). Obviously this is extra-ordinary and tragic event (there are no winners). But I would like to share two story I heard yesterday and today, both of which are much closer to our daily lives. I
Reading Time: < 1 minute CNBC Maria Bartiromo interviewing Saudi prince Awaleed, the largest shareholder of Citi Group (NYSE: C), after the US gov (aka we the tax payers) bailed out the Citi and the prince. Here are the terms (PDF). Maybe president Bush gave him assurance that his holding won’t get much diluted before the rescue? The video lasts
Reading Time: < 1 minute Week in review 11/17/08 to 11/22/08 Crazy market If you have not paid attention to the market lately (for whatever reason), yesterday and today’s market should have got your attention, because of its huge volatility: big down yesterday and big up today. Note yesterday Paulson spoke at California and today’s news is NY Fed chief
Reading Time: < 1 minute Anhuser Busch became AB Inbev, a well known industrial icon. The new AB Inbev logo looks goofy though. The eagle is fly off the AB Inbev, what does that mean? The endowment fund of Washing U. lost more than $1 billion this year (from $5.4 billion to $4.1 billion, on the paper), because of the
Reading Time: < 1 minute It’s travel time. Thanksgiving is traditionally the busiest travel seaon in the US. But due to weak economy, the holiday travel will slow down a bit (compared to same period last year). AAA Chicago estimated the trend in this thanksgiving. (source: marketWatch) China Slowdown in China: Ctrip (Nasdaq: CTRIP), the leading online travel consolidator in
Reading Time: < 1 minute Peter Schiff (wiki) is the manager of Euro Pacific Capital. He seems correctly called the recession. But don’t just follow his advice and buy gold (ETF: GLD). Yahoo Tech-ticker: Is this a stock picker’s market?
Reading Time: < 1 minute On Nov 17, Baidu (Nasdaq: BIDU), China largest web search company got a huge blow in the market as the news of “Baidu placed “faked doctors and drug ad” broke (see BW for more details). This reminds me of the Focus Media (Naqdaq: FMCN) Spam text messaging story about 7 months ago. In both cases
Reading Time: < 1 minute Carol Bartz is Chairman of Autodesk, she was the CEO of Autodesk from from 1992 to 2006 (the fast growth period). Michael Graves and Autodesk in the Future of Design
Reading Time: 2 minutes It seems to me the panic selling in the stock market never ends. I can think of the following sources of sellers: 1) Hedge fund. Yesterday Congress has an testimony on Hedge Fund, and five famous Hedge Fund managers were there. Hedge fund industry has grown rapidly in last 10 years. Besides wealthy clients, they
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