12 April — Over the New Year’s weekend this year is was announced that Facebook has raised $500 million from Goldman Sachs and DST (the Russian investment fund) — with more investment coming — in a deal that valued the company at $50 billion. The deal maked Facebook now worth more than companies like e-Bay, Yahoo and [...]
1 February 2011 – Every year, courtesy of my accountants (and client) Deloitte Touche I receive a one-day pass to attend Davos. I pay my own travel/lodging and for my security pass but entrance fees and “imbibements” are covered my dear, dear .. did I mention wonderful? … friends at Deloitte. I do not go every year [...]
12 September 2010 – For the curious but uninitiated, we thought this very brief primer prepared by our colleagues at the Financial Times would help you understand bank capital, Basel III and all that. What is bank capital? It is the funds – traditionally a mix of equity and debt – that banks have to hold in [...]
23 May 2010 — According to the economist Friedrich von Hayek, the development of welfare socialism after the Second World War undermined freedom and would lead Western democracies inexorably to some form of state-run serfdom. Hayek had the sign and the destination right, but was wrong about the mechanism. Unregulated finance, the ideology of unfettered [...]
08 May 2010 — Tony Barber is one of my favorite FT columnists. Here is a great column titled “Ignorant elites fume at markets”: One reason why the eurozone is sliding into ever deeper trouble is because its political and bureaucratic elites do not like, do not understand and have no wish to understand financial markets. [...]
17 September 2009 — Here is a very interesting analysis of modern macroeconomics. Some fires are best left to burn out William White Financial Times OpEd 17 September 2009 Copyright The Financial Times Limited 2009 Forest fires are judged to be nasty, especially when one’s own house or life [...]
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