Lifestyles of the Rich and Famous
Tales of Investments
Of all the worries and existential dilemmas that keep America’s rich and powerful up at night, tossing in their Frette sheets, few are quite so urgent as the decision to buy a yacht.
Indeed, the wealthy elite of the world have grappled with the question of yacht ownership for as long as humans have sailed the seas. There are endless things to consider: Will my young wife like it? Will it help me get a young wife? Is it a bad investment or a good one? Does it matter?
Ever since the founding of the state of Israel, citizens of this tiny nation have made small financial investments in commercial real estate in the United States. Fifty years ago, these investors might have purchased a six-story walk-up apartment house on the Upper West Side. Today, new breeds of Israeli investors are aggressively pursuing commercial Read More
So the Nasdaq got hacked. Over the weekend, news of a hacker attack on the Nasdaq stock exchange began gathering steam. On Saturday, The Wall Street Journal reported the cybernetic tresspassing, saying the stakes were high: “The Nasdaq situation has set off alarms within the government because of the exchange’s critical role, which Read More
The $50 billion valuation Goldman Sachs assigned social-networking company Facebook is far too high, according to a Bloomberg survey of investors, analysts and traders. Bloomberg asked 1,000 of its customers whether they thought Facebook was really worth that enormous chunk of change, and most said, “nah, not really.”
Sixty-nine percent said Facebook is Read More
Even with a monstrous $50 billion valuation, Facebook isn’t the most expensive company around. A post by Larry Cheng a couple weeks back pointed out that several large companies that have smaller market-caps than Facebook. We thought we’d go one step further: With respect to its past year’s earnings, how does Facebook stack Read More
In 2010, a year marked by a tepid recovery, there were nonetheless some moments of wondrous surprise and genuine shock. Wall Street titans were taken to task, and the markets roiled under the apparent digital whims of robotic traders. Beneath the slow and difficult restructuring of the U.S. economy, some massive and rapid shifts were Read More
Hang around the world of of startup investing for a while and you will inevitably hear someone talking about the need for a home run.
“Everyone wants to be Johnny Appleseed,” an executive at one of NY’s biggest VC firms told The Observer earlier this week, punning on early stage investments, also known as seed Read More
Each week, The Observer looks at commodities, stocks, currencies, and economic data points that are making big moves and setting new records. This week’s extreme action takes place everywhere from the ineffably mucked up U.S. real-estate market to the soy farms of Agentina. For the most hard-core, eye-popping economic action this week, check out the Read More