Nothing strange that the ultimate goal of financial institution is to connect those who are in need of money with those who has money, or to put in other words – to break the walls between money-demand and money-supply sides, that allows the former to get access to new capital and the latter to find [...]
What we have is another example of that history teaches us only one thing – it does not teach us anything. The current situation around Goldman Sachs concerning its accusation of subprime fraud has less to do with the Goldman Sachs itself, but has more to do with far-reaching consequences for the investment banking industry [...]
The market is a playground with boundaries. The Earth has the boundaries, thus any market has boundaries. These boundaries predefine the market potential, thus potential earnings. Now imagine a new playground without players. It is a new market with good potential and earnings opportunities. The smart player finds this free playground and makes the first [...]
Some time ago, I was talking about the principles that drive the creation of the successful investment company. I designated three key elements: investment idea, investment strategy and investment tactics. Now I will go into details of each of these elements in order to provide the complete picture of the investment ideology. The core element [...]