World Debt Is Rising Nearly Three Times As Fast

Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. But, that’s okay because no one cares about the debt, only the assets matter nowadays. You see, as long as debts are someone else’s problem, we can add as much debt as we like… or so the market believes. Now, you don’t have to take my word for it that the market only focuses on the assets, this comes straight from the top echelons of the financial world. According to Credit Suisse Global Wealth Report […]

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The Three Rules of Angel Investing: From Someone Who’s Tried

Salesmen rarely make good managers or business owners. But that doesn’t stop them from trying. It used to be a hallmark of American business that successful salesmen were promoted. The logic is obvious. Whatever makes Joe or Amy great at selling the company wares should be emulated by others, thereby making the company more successful. But selling and managing require very different skills, much like playing a sport and coaching are different. Sometimes good salesmen, people with great interpersonal skills who grasp what’s important to other parties in conversation, can successfully transition to running a business. But more often than […]

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Where Three of the Top Portfolio Managers Are Investing

When it comes to investing, there are no bonus points for originality. And while you don’t want to mindlessly ape another investor’s moves, it never hurts to see how your own portfolio stacks up against some of the best in the business. Seth Klarman of Baupost Capital runs a multi-billion-dollar portfolio with just 40 stocks in it. The man’s like a demigod among value investors. Needless to say, he’s confident in his picks. So, what is Mr. Klarman betting on? Try energy. Lots of energy: a full 39% of his portfolio as of quarter-end, with nearly half of that in […]

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