The first is the current underperformance relative to the S&P 500. Although not as sharp as the fallback during the dotcom boom at the turn of the millennium, it is the longest period of relative stagnation in 54 years. With assets of more than $700bn (equivalent to the size of the Swiss economy), at some point Berkshire was always going to fall victim to the base effect. The bigger the size of the portfolio the more it takes to move the needle. … [Read more...] about Warren Buffett’s finest legacy is legitimising the celebration of wealth creation
Three paternal half-brothers from her father's first marriage One maternal half-sister from her mother's first marriage Two maternal half-sisters and a maternal half-brother from her mother's second marriage ITV true crime drama White House Farm revolves around one fateful night in August 1985 when five members of same family were murdered in Essex Chilling … [Read more...] about Who is Prince Harry’s ex Cressida Bonas?
For through those short-sighted rose-tinted Tory specs, this is what social mobility looks like. The fact that today’s grammar schools are largely filled with middle-class kids whose parents have tutored them within an inch of their lives is conveniently ignored. … [Read more...] about Alison Phillips: National scandal of grammar schools is revealed at last
“Our budget was 18m Comorian francs ($41,700),” says the bride’s uncle Zarouk Inzouddine, a retired colonel of the Comorian army who, as a powerful and well-respected local figure, has played a large role in the preparations. “But you never know what the real cost will be. It’s our custom but it’s also like a religious obligation. If your marriage is lesser than your friend’s you’ll feel shame your whole life. So everyone wants to do better than the others and spend more.” … [Read more...] about Bullfighting, dancing and spending big: a wedding in the Comoros – photo essay
Joe Crowley, chair of the House Democratic Caucus, said: “President Trump’s web of global financial entanglements are of serious concern. When a foreign-owned bank that is under investigation by the Department of Justice holds hundreds of millions in personally-guaranteed debt for the president, that is problematic for ethical, diplomatic, and judicial reasons. This is why we must know more about all of Donald Trump’s business ties.” … [Read more...] about How Donald Trump became Deutsche Bank’s biggest headache