Being Ruthless about Ruthlessness

The industrial revolution created the archetypal businessman, characterised by their ruthless attitude towards commerce. In a controversial paper, Jerry Bergman discusses the Robber Barons’ (a pejorative term used to describe businessmen in America) attitude to workers in the late 1800’s and early 1900’s.  He describes how, “The robber barons’ lack of concern for the social welfare of the community, and even their companies’ own workers, ruined millions of lives. Injuries on the job due to…

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Investing and Trading Illiquid Assets

In this article, we speak to Jeremy Smith, Chief Strategy Officer at SecondMarket, where over 3,000 participants manage over $1 trillion, participating in the world’s largest centralized, independent marketplace and auction platform for illiquid assets from auction rate securities to private company shares, CDO’s, mortgage and asset backed securities. http://thoughteconomics.blogspot.com/2009/07/investing-and-trading-illiquid-assets.html

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Have Banks Bottomed Out? What is the Future of Banking Globally? And Where to Invest for Growth.

The past 10 days have been “the most dramatic in Wall Street’s 216-year history” seeing Lehman Brothers collapse, AIG fall into critical distress, and the US Federal Reserve creating a c. US$1 Trillion rescue plan to “save the world”. While many investors were caught in this crisis, the leading economists in the world saw it coming. In this article, we talk exclusively to Kenneth Murray who is Chairman & Executive Director of Blue Planet Investment…

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