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The Facebook IPO: Bitches Be Crazy

Recently, I have been paying attention to a number of news stories. In no particular order: The Facebook IPO First, some key points: Listing on a Stock Exchange is usually for good reasons – it is NOT just the next logical step in the success ladder; “Retail Interest” is an investment banking euphemism for “bitches be […]

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The Bugger of Bad Bonuses

So the article of the day: The big traders are abandoning Wall Street in favour of Hedge Funds. Link: As they should. All the big guys that do the cowboy thing and earn fun bonuses in cash are now being denied those bonuses in their former glory (those bonuses have been capped). So they’re leaving to join […]

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World Bank President: The Oscar goes to…

And the nominees are: Jim Yong Kim – a US National and President of Dartmouth College, New Hampshire José Antonio Ocampo – a Colombian National and Professor at Columbia University, New York Ngozi Okonjo-Iweala – a Nigerian National and Coordinating Minister of the Economy and Minister of Finance, Nigeria. It certainly sounds a bit worldly, […]

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Bruno Iksil: the Volkermort of JPMogwarts

Bruno Iksil: he rules from the shadows. So for those who haven’t been following, the recent story shaking the Bloomberg Buzzworld is that of the JPMorgan credit derivatives trader with enough capital to break indices. Other traders are upset and calling him names. Names like “He Who Must Not Be Named” and “the London Whale”. […]

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LIBOR: Fiddling in the Banking Vatican

Collusion. It’s a dirty word that makes a lot of money until someone proves it. Then it costs a lot of money. And recently, Bloomberg has been abuzz with the LIBOR-fixing collusion scandal. The banks have been scurrying around not commenting and/or selling other banks down the river. The river Thames, presumably. With the pollution and […]

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Africa: The Last Investment Frontier

Recently, I had to make a bit of a career move decision. The question really being: “should I stay on the home continent – with all the red tape that being white and male and Zimbabwean entails?” I should probably admit that this life crisis took place on a beach in Mozambique’s Bazaruto Peninsula, with […]

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What is: the ALSi

I’ve been asked to explain what the ALSi is – or, better, what it means. Now I will freely admit that for a long time, I was under the impression that the ALSi represented the average share price. So, for example, if I were told that the JSE-FTSE ALSi closed today at 34090, I would […]

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