Good News For The Grandchildren?
“Good News for the Grandchildren” was the title of the David Einhorn’s lecture on Wednesday in the Ira Sohn Conference at New York. I was present there.
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“Good News for the Grandchildren” was the title of the David Einhorn’s lecture on Wednesday in the Ira Sohn Conference at New York. I was present there.
Investing is the process through which financing and diverse forms of capital are invested in a company in order to earn a profit. In brief, investment is the buying of an item of value or a financial product in the hope of making profits. Investment is using money with the aim of making more money.
If you’re an investor, I bet you listen to the advice of the big names in investing. You probably are buying their newsletters. Ever ask yourself if their making money on the market or just off you? If their investments are doing so well, why do they have to sell you advice? Most of them didn’t see the last crisis coming. How well are their predictions doing for you?
Few financial ideas have caught on as rapidly as “BRICs,” which stands for Brazil, Russia, India and China, the “Big Four,” rapid-growth economies in the world at present. Goldman Sachs economist Jim O’Neill coined the phrase back in 2003, but it at present has come into widespread use as a symbol of the shift in global economic power away from the developed G7 economies in the direction of the developing world.