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Losing it All |
rffrydr
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 Posted: Tue Oct 07, 2008 10:31 pm Post subject: Losing it All |
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| Code: | | First Post, from Henry, accidentally deleted: |
A lesson for the speculator in all of us:
http://www.latimes.com/news/local/la-me-porterranch7-2008oct07,0,7425239.story
Quote:
But Karthik Rajaram, who held an MBA from UCLA, was a hard-driving businessman. He was involved in several financial ventures. Between his home sale and another lucrative investment, he should have had a pile of cash.
A 2001 article in The Daily Telegraph of London, under the headline "Bust, but big bucks for the big boys," called Rajaram a "winner" in a deal for NanoUniverse, a Los Angeles- and London-based venture fund taken public on the London Stock Exchange.
For a 12,500-pound investment, Rajaram, one of the company's founders, received 875,000 pounds -- or about $1.2 million in 2001 dollars -- after a voluntary liquidation, the newspaper reported.
He also sold his house in 2006, a calculated decision even though his wife, a bookkeeper at a pharmacy, did not want to move, their former neighbors said.
He sold the house for $750,000, making a sizable profit on a home the couple purchased in 1997 for $274,000.
"The market was going down and he wanted to get out before the bottom dropped out," Karns said. "I talked to him last December and he said, 'I feel I did a good thing by selling when I did.' "
It is unclear how Rajaram invested the cash since then and how he lost it.
Nothing fails like success.....
ps Don't live with your mother-in-law.
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Today is the Tomorrow you worried about Yesterday!
Last edited by rffrydr on Sat Aug 27, 2011 8:47 am; edited 2 times in total |
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smile
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| Posted: Fri Feb 04, 2011 9:39 am Post subject: |
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great lotto story - though I wanted to stop reading it cause of length I couldn't stop till I had the full story  |
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rffrydr
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rffrydr
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| Posted: Tue Nov 30, 2010 12:10 am Post subject: |
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Most people don't realize that the Great Depression "broke" the the baron of yellow journalism, the late-great overleveraged Randolph Hearst. Only a morally humiliating loan by arch-rival Otis Chandler of the competing Times saved the man. More debt and more time did the trick (not unlike that current god among men, Alan Mullaly.)
San Simeon survived but there was a bigger dream that never was:
http://www.latimes.com/news/local/la-me-monks-beer-20101130,0,7111113.story
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rffrydr
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rffrydr
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| Posted: Tue Nov 16, 2010 12:49 pm Post subject: |
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And a little more to boot:
http://www.cnbc.com/id/40214649
A strange kind of stimulus....but we'll take it. Paradox of thift 
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rffrydr
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rffrydr
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| Posted: Wed Oct 06, 2010 5:18 am Post subject: |
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Lenny "Nails" Dykstra walks the walk...plank:
http://www.latimes.com/business/la-fi-lenny-dykstra-20101006,0,828960.story
| Quote: | | In the go-go years of the new century, Dykstra brought his head-first style to Wall Street. After teaching himself financial analysis, he struck up a friendship with CNBC "Mad Money" host Jim Cramer, who hired Dykstra to write a stock-picking column for his influential website, TheStreet.com. |
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rffrydr
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| Posted: Thu Sep 30, 2010 3:09 pm Post subject: |
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Company life cycles
Published: September 29 2010 19:52 | Last updated: September 29 2010 19:52
| Quote: | We’ll never know whether company life cycles inspired George Harrison’s magnificent solo album All Things Must Pass. But the most sublime Beatle was right: even Exxon, with a market capitalisation of $330bn, will not last forever. Rating agencies try to help investors decide which companies will live the longest (or disappear in a happy corporate metempsychosis). A high rating suggests an improbably large seizure is required to bring in the administrators. On the other hand, roughly 15 per cent of junk rated stocks do not last a decade, according to Standard & Poor’s data.
But companies that live to a similar age follow markedly different roads to oblivion. Big industrial companies tend to start strongly then deteriorate at a gradual and consistent pace, notes Standard & Poor’s. Financials, by contrast, often maintain a high-quality credit rating for years and then fall apart abruptly. Another path, exemplified by airlines, includes an early nasty credit scare, a long and struggling passage, and then a final shock dive into bankruptcy. |
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rffrydr
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rffrydr
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rffrydr
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rffrydr
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