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February 25, 2015 Singapore This is a great example of ‘sovereign risk’: One of my close friends here in Singapore opened a brokerage account last year with Interactive Brokers. If you’re not familiar, Interactive Brokers is a leading securities broker based in Greenwich, Connecticut. You can trade stocks, currencies, options…
February 24, 2015 Singapore At the end of September 2011, just days before his passing, the company that Steve Jobs founded had a $25 billion cash hoard. Nearly half of this was stashed overseas. What’s more, Apple was running billions in profit through multiple Irish subsidiaries, neither of which were
February 23, 2015 Hong Kong In 1494, a 47-year old Franciscan friar named Luca Pacioli invented something that was revolutionary. Pacioli was, in fact, a friend and contemporary of Leonardo da Vinci, and the two collaborated frequently. So you’re probably guessing that Pacioli was a co-designer in Leonardo’s famed flying
February 23, 2015 London, England [Editor’s note: This letter was written by Tim Price, London-based wealth manager.] “We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment the Black
February 20, 2015 Los Angeles, California File this under ‘you can’t make this stuff up.’ Lenovo Group, the largest computer manufacturer in the world, has made a rather stunning admission that they have been pre-installing tracking software on their PCs. The tracking software is made by a company called Superfish,
February 18, 2015 San Diego, California It’s not very often that you hear a senior government official refer to their economic situation using the word ‘crisis’. Yet with uncharacteristic bluntness of any government official anywhere, at least one senior Chinese government official is sounding the alarm bells. And he would
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