Could you answer the question: “What value do investors add to society”? Not venture capitalists, not activist investors, not owner-operators, not macroeconomic investors either. This question pertains specifically to money guys who pick stocks. Hedge funds have become synonymous with high pay and – with the rise of passive investing – many are questioning whatContinue reading “What value is a value investor?”
Category Archives: Mini-Essay
Mini Essay: The Mississippi Bubble
In 1717, the Mississippi Company had big plans to colonize the area around modern day New Orleans. John Law – the director – was also the governor of the French central bank and worked closely with King Louis XV. To finance their colonization, the company issued shares on the Paris stock exchange, spreading the narrativeContinue reading “Mini Essay: The Mississippi Bubble”
First Note: Welcome to Vineyard Holdings
South Africa is today what America was during the gold rush of the 19th century: A veritable gold mine for enterprising individuals with a penchant for the unknown. We have a country littered with opportunity for those willing to turn over the rocks and scrummage through the dust.