It’s been a while, old friend. Summer has fueled a remarkable amount of editorial demands, and we have advanced on our latest issue of Modern Trader. In this month’s issue, we tackle the Cult of Tesla Stock.
The FTSE advantage? Whattaya nuts? The Cassandra’s told us that in the wake of the UK Brexit decision to leave the European Union there were going to be major, indeed very major, problems for the United Kingdom.
“…a Bermuda-based reinsurer whose investment portfolio is run by Loeb, is cutting its management fee to 1.5% per year from 2%...” That’s Barrons talking about a decision by activist investor Dan Loeb’s Third Point to reduce fees for one of its funds. The Third Point Reinsurance--a retail vehicle--has slashed its management costs by 25%.
I took this week off for a holiday...until the UK Leave vote required a hasty return to address a radical shift in the global politico-economic landscape. Yet, it must be allowed that nobody could have confidently predicted the outcome of the UK referendum on European Union membership.
You might have heard, British voters are heading to the polls today, and they’ll decide whether to keep calling their meat pies “meat pies” or to succumb to the eternal damnation of being force fed European goulash.