PRIVATE WEALTH BLOG abundance עָשִׁיר (ashir) bagatiba bogactvo bogati bogatstvo bohatstvi 부 (boo) bonds 財 (cai) earras estate kekayaan majetek مال (mal) mammon maoin money nauda opulentia pasuri περιουσία (periousia) πλούτος (ploútos) Reichtum riches richesse ricchezza rigdom rijkdom rikedom rikkauus riquesa riqueza stocks 富 (tomi) vagyon valuables varlik wealth يسار (yasaar)

Thursday, January 14, 2010

President Obama: We Want Our Money Back! « Row 2, Seat 4

President Obama: We Want Our Money Back! « Row 2, Seat 4 (January 14, 2010)

"... President Obama today proposed a bank fee on major financial firms in order to reimburse American taxpayers who bore the brunt of the Wall Street bailouts...."


Read the full article and the text of the President's remarks here.

Looking Ahead in the Markets, Stocks Expected to Improve - Financial Planning

Looking Ahead in the Markets, Stocks Expected to Improve - Financial Planning

Elizabeth Wine writes (January 1, 2010):
"As investors breathe a sigh of relief that the wild ride of 2009 is over, they're peeking over the parapet to see if 2010 offers more tranquility. Many strategists see the economic recovery continuing and equities continuing to climb. They note that corporations are generally upbeat, continuing to ride the wave of positive earnings reports-more than 70% of the S&P 500 companies beat their earnings forecast for the third quarter of 2009."
Read the full article here.

Hedge Funds See Asset Surge, But Talent Loss - Financial Planning

Hedge Funds See Asset Surge, But Talent Loss - Financial Planning by Matt Ackermann writes on January 14, 2010):
"Assets held in hedge funds increased in 2009, but ... more than 20% of hedge funds shut down in the past two years, as 1,500 funds were liquidated in 2008 and 900 more in 2009.”

Goldman Sachs | Private Wealth Management

Goldman Sachs | Private Wealth Management

Private-Equity Fund-Raising at Worst Levels Since 2003 - WSJ.com

Private-Equity Fund-Raising at Worst Levels Since 2003 - WSJ.com by Nathan Becker writes:

"Private-equity fund-raising in the U.S. had its worst year since 2003, with most sectors experiencing steep drops, according to Dow Jones LP Source.

In 2009, 331 funds raised $95.8 billion, down 68% from the $299.9 billion raised by 508 funds in 2008, Dow Jones said. In the fourth quarter, firms raised $20.5 billion in 75 funds, ..."

Our intellectual property regime is absurd – a reminder from The Equity Kicker via TechDirt

Our intellectual property regime is absurd – a reminder |

The Equity Kicker writes as follows and gives us six examples:
"....I am neither a lawyer nor an expert on this subject but I have seen enough startups undermined by spurious patent claims and innovative young media companies stymied by copyright difficulties to convince me that the current system is wrong, wrong, wrong....

The point of this post is to give some examples of this waste and friction, all culled from a single days writing on Techdirt...."

1. Japanese electronics firms turn to patent fights as Korean companies take the lead in this market....

2. French copyright enforcement agency accidentally steals someone else’s font....

3. Union Square Ventures posted about the need for an independent invention defence against patent infringement lawsuits....

4. Getting legal clearance for films is now painful as samples of third party copyrighted work need clearance....

5. There is a serious debate as to whether software patents should be allowed at all....

6. A company called DigiProtect is sending collection agencies after people it accuses of copyright infringement before they have been found guilty....

Read the full article here.

Tuesday, December 29, 2009

Terra Firma Founder Warns Of 'Massive Transfer' Of Economic Power from West to East - WSJ.com

Terra Firma Founder Warns Of 'Massive Transfer' Of Economic Power from West to East - WSJ.com
"Guy Hands, founder of buyout firm Terra Firma Capital Partners Ltd., has questioned banker pay and warned that globalization is delivering a 'massive transfer of economic power from the West to the East' in his annual letter to investors.

Hands each year sends a topical book to investors and others, including Private Equity News. This year he picked economist Roger Bootle's 'The Trouble with Markets.' ..."

The Private Equity Top 10: Number Five - Private Equity Beat - WSJ : The Return of Risk

The Private Equity Top 10: Number Five - Private Equity Beat - WSJ : The Return of Risk

The Private Equity Top 10: Number Six - Private Equity Beat - WSJ : Dealing with Debt

The Private Equity Top 10: Number Six - Private Equity Beat - WSJ : Dealing with Debt

The Private Equity Top 10: Number Seven - Private Equity Beat - WSJ : Secondary Market Fail

The Private Equity Top 10: Number Seven - Private Equity Beat - WSJ : Secondary Market Fail

The Private Equity Top 10: Number Eight - Private Equity Beat - WSJ : Return of the IPOs

The Private Equity Top 10: Number Eight - Private Equity Beat - WSJ : Return of the IPOs

The Private Equity Top 10: Number Nine - Private Equity Beat - WSJ : The European Equation

The Private Equity Top 10: Number Nine - Private Equity Beat - WSJ : The European Equation

The Private Equity Top 10: Kicking Off The List - Private Equity Beat - WSJ

The Private Equity Top 10: Kicking Off The List - Private Equity Beat - WSJ: China
"nearly half of attendees at the Super Return Asia conference this fall predicted that the Asian private equity market will overtake the U.S. within 40 years."