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I read somewhere that Moscow rose from being host to 0 billionaires in the 90s to like ~30 billionaires now. I guess the oil and minerals money is driving up prices across the city. Crazy.

Here are some sources to find data on the cost of living in different destinations around the world. Both are indexed to "New York" representing 100% of the cost of living. Looking at the rankings and my personal experiences I would give the UBS the benefit of the doubt here (based on my...

Feels good to be long :)

Looks like this wonderful momentum stock is still in full swing. Built a beautiful month long base November till May and then broke out to the upside.

Maybe it's a good thing after all us foreigners can neither buy nor short those A shares :)

Seth Klarman - "Margin of Safety" - Baupost Group, $8bln USD Mohnish Pabrai - "The Dhandho Investor: The Low - Risk Value Method to High Returns" - Pabrai Fund, $300mln USD

Not sure if this was posted before, my apologies if it was. Here's a video of Warren Buffet speaking in front of MBA students at the University of Florida. It might be a few years old but it contains many interesting aspects of BRK's way of thinking and principles of investing. Funny, too...

That's what I was thinking. If somebody is running a desk/portfolio/fund or whatever that made $250m last year they'd be fools not to pay the guy running it accordingly. If he's good and doesn't get the most $$$ he can for his performance he'd bounce and apply elsewhere, work for the competition...

If you have enough capital (>$30m), you could consider investing in high quality hedge funds. Basically you'd be running your own fund of fund which still involves a lot of time, effort and due diligence, but far less than trading yourself full time. I would choose Arbitrage, Activist...

Didn't you say you were unmarried and single in another thread???

Seems it still pays off not to cloud one's mind with opinions and doomsday theory about market direction.

Somebody had to say it :p

http://www.investegate.co.uk/Article.aspx?id=200706140701093383Y Looks like the IPO is going to start trading at the end of July

Awesome! Congrats on yet another market added!

Part of the reason why we don't see huge daily swings these days are IMO a) A four year bull market giving investors a sense of peace that things will keep trucking upwards eventually... forever. No need to sell. b) Wider use of defensive derivatives that help cushioning losses from quick...

That's true. Still, knowing when to sell is just as important as figuring out when/if to buy.

Good point OC. Nobody starting a restaurant or fast food outlet would expect to be profitable from day one. Yet, it seems many people starting to trade expect to make money right away, lots of money. And when they don't, then it's rigged, a zero-sum game etc. Let's say probably half of the...

http://ftalphaville.ft.com/blog/2007/06/14/5195/daniel-loebs-edited-highlights/ Daniel Loeb’s edited highlights News that Third Point, the activist hedge fund led by Daniel Loeb, is to list a €500m-€700m fund in London brings the undisputed master of the poison pen to the UK’s...

heeh I also loved the part about "sipping chilled Gewürztraminer" :p