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Did Warren Buffett Win a Bet with Hedge Funds?

Warren Buffett always viewed hedge funds as an industry that charged excessive fees for low performance. With that, Buffett set a decade-long bet against Protégé Partners LLC that their select hedge funds wouldn’t outperform the S&P 500, standing firm with his belief that there was no doubt that he would win.  In 2007, Warren Buffett …

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Why Do NFL Players Go Broke?

Many high school and college football players aspire to play in the National Football League. The financial benefits might be great, and the recognition can be rewarding. But did you know that several professional players go bankrupt after their careers? Let’s find out why this happens and how players can avoid going bankrupt. Within two …

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It was illegal for Americans to own gold (except for some jewelry and collectors coins) between 1933 and 1975.

Gold Reserve Act The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. It also prohibited the Treasury and financial institutions from redeeming dollar bills for gold, …

It was illegal for Americans to own gold (except for some jewelry and collectors coins) between 1933 and 1975. Read More »

Robin Williams funded a scholarship at his alma mater, Juilliard, that saw a full-ride given to a student every two years. One of the people who won the award was future Oscar winner Jessica Chastain, who became the first person from her family to go to college

Jessica Chastain Reveals Robin Williams Gave Her a Scholarship to Juilliard It turns out two-time Oscar nominee Jessica Chastain, 37, has the late Robin Williams to thank for making it possible for her to study acting at Juilliard. In a Facebook post Monday, Chastain explained how Williams’ generosity changed her life. “Robin Williams changed my …

Robin Williams funded a scholarship at his alma mater, Juilliard, that saw a full-ride given to a student every two years. One of the people who won the award was future Oscar winner Jessica Chastain, who became the first person from her family to go to college Read More »

The South Koreans gave up their gold to help their country. The gold-collecting campaign was a national sacrificial movement in early 1998 to repay its debt to the International Monetary Fund. The campaign, involving 3.51 million people nationwide, collected 227 tons of gold worth $2.13 billion.

Gold-collecting campaign In South Korea, the gold-collecting campaign was a national sacrificial movement in early 1998 to repay its debt to the International Monetary Fund. At the time, South Korea had about $304 billion in foreign-exchange debt. The campaign, involving about 3.51 million people nationwide, collected about 227 tons of gold worth about $2.13 billion. …

The South Koreans gave up their gold to help their country. The gold-collecting campaign was a national sacrificial movement in early 1998 to repay its debt to the International Monetary Fund. The campaign, involving 3.51 million people nationwide, collected 227 tons of gold worth $2.13 billion. Read More »

At the peak of the financial crisis of 2008 Volkswagen became the most valuable company in the world for one day despite being on the brink of bankruptcy

Hedge funds lose $30 billion on VW infinity squeeze Volkswagen Infinity Squeeze. The October 2008 short squeeze on shares of Volkswagen AG has since been referred to as the “Mother of all Squeezes”. It was also perhaps the earliest use of the term “Infinity Squeeze”. It was during the middle of the worst financial crisis …

At the peak of the financial crisis of 2008 Volkswagen became the most valuable company in the world for one day despite being on the brink of bankruptcy Read More »

Studies done by online stockbrokers where they analyse the results achieved by their clients found that the ones that did the best were those that had died (and the category that did second best had forgotten their log in details).

The Best Investors Literally Forget About Their Portfolios “Set and forget” investing isn’t sexy, but it works. In fact, lazy investing is so effective, a study from Fidelity found that the best performing investors had either forgotten about their accounts or even crazier—they were dead. Fidelity reportedly conducted an internal study—a performance review of accounts …

Studies done by online stockbrokers where they analyse the results achieved by their clients found that the ones that did the best were those that had died (and the category that did second best had forgotten their log in details). Read More »

In 2018, World of Warcraft’s virtual gold was 7 times more valuable than Venezuela’s currency

‘World of Warcraft’s’ virtual gold is seven times more valuable than Venezuela’s real money (CNN)How worthless is the bolivar, Venezuela’s currency? You’d be better off investing in fictional currency from a video game. The virtual gold in “World of Warcraft,” the online role-playing game, is now almost seven times more valuable than real cash from …

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900 year old African coins were found of the coast of Australia, making them the oldest foreign artefacts found on the continent, predating the Europeans by centuries.

Unravelling the mystery of Arnhem Land’s ancient African coins An AG Society-sponsored expedition set out in July 2013 to solve the mystery of 12th Century coins found in the NT. Image credit: Courtesy Powerhouse Museum MYSTERY AND MAGIC still inhabit the wild places. Few are wilder than the Northern Territory’s Wessel Islands, which arch out …

900 year old African coins were found of the coast of Australia, making them the oldest foreign artefacts found on the continent, predating the Europeans by centuries. Read More »