Linkfest: Central Asian bank drama; Big spenders go shopping; Investors who scored big; Buffett’s miss
Categories: Linkfest
Today’s most shared: Happy New Year! Is Mukhtar Abylazov a thief or a hero? … High end buyers return … Big winners of 2013 … Biggest surprises of the last 25 years… Buffett fails to beat S&P for last 5 years… Controversy over scammer glorification in ‘Wolf of Wall Street’ … Big sales for first day of legal Denver pot shops.
Kazakhstan’s BTA Bank sues former chairman for embezzlement, sparking his flight from U.K.
Wall Street Journal
Kazakhstan’s BTA Bank accused its former chairman, Mukhtar Ablyazov, of fraud and embezzlement, sparking a complex legal drama that includes private eyes, gendarmes disguised as gardeners, a disputed deportation and billion-dollar court judgments.
shared by @LaurenLaCapra, NYT Dealbook, @pdacosta, @spignal, @jsphctrl
Wall Street Journal
Kazakhstan’s BTA Bank accused its former chairman, Mukhtar Ablyazov, of fraud and embezzlement, sparking a complex legal drama that includes private eyes, gendarmes disguised as gardeners, a disputed deportation and billion-dollar court judgments.
shared by @LaurenLaCapra, NYT Dealbook, @pdacosta, @spignal, @jsphctrl
High Rollers in a Buying Mood
New York Times
A legion of buyers, buoyed by a growing economy and a soaring stock market, are shedding whatever reluctance, or self-imposed restraint, they had during the recession by entering showrooms and leaving with trophy cars.
shared by @ritholtz, @counterparties, Crossing Wall Street
New York Times
A legion of buyers, buoyed by a growing economy and a soaring stock market, are shedding whatever reluctance, or self-imposed restraint, they had during the recession by entering showrooms and leaving with trophy cars.
shared by @ritholtz, @counterparties, Crossing Wall Street
A few brave investors scored huge, market-beating wins in 2013
Wall Street Journal
A trader who made more than $100 million from a $10 million bet against gold. A hedge fund that gained 42% after a bullish wager on stocks. A firm that saw returns of 48% thanks in part to soaring Japanese stocks.
shared by @LaurenLaCapra, @aarontask, @JacobWolinsky, Reformed Broker
Wall Street Journal
A trader who made more than $100 million from a $10 million bet against gold. A hedge fund that gained 42% after a bullish wager on stocks. A firm that saw returns of 48% thanks in part to soaring Japanese stocks.
shared by @LaurenLaCapra, @aarontask, @JacobWolinsky, Reformed Broker
Billionaires Worth $3.7 Trillion Surge as Gates Wins 2013
Bloomberg
The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.
shared by @ObsoleteDogma, @edwardnh, @volatilitysmile, @JohnLothian
Bloomberg
The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.
shared by @ObsoleteDogma, @edwardnh, @volatilitysmile, @JohnLothian
Surprises From 25 Years Covering the Economy for @WSJ
Wall Street Journal
Capital: Economics editor David Wessel shares his thoughts on the stagnant middle class, the post-9/11 economic resiliency and more in his final column.
shared by Reformed Broker, @Kelly_Evans, @mccarthyryanj, @greg_ip
Wall Street Journal
Capital: Economics editor David Wessel shares his thoughts on the stagnant middle class, the post-9/11 economic resiliency and more in his final column.
shared by Reformed Broker, @Kelly_Evans, @mccarthyryanj, @greg_ip
Berkshire Seen Failing Buffett 5-Year Test for First Time
Bloomberg
Warren Buffett probably missed his target for the first time in 44 years.
shared by @JacobWolinsky, @PreetaTweets
Bloomberg
Warren Buffett probably missed his target for the first time in 44 years.
shared by @JacobWolinsky, @PreetaTweets
Three ways
the research puzzle pix
Three ways to gain about 50% over 7 years.
shared by @abnormalreturns, @MichaelKitces, @BarbarianCap, Abnormal Returns
the research puzzle pix
Three ways to gain about 50% over 7 years.
shared by @abnormalreturns, @MichaelKitces, @BarbarianCap, Abnormal Returns
Leonardo DiCaprio Addresses ’Wolf’ Controversy: ’We’re Not Condoning This Behavior’
variety.com
No year-end film has stirred up as much talk as Paramount’s "The Wolf of Wall Street," which looks at American greed and excesses.
shared by Abnormal Returns, @ReformedBroker, Here Is The City
variety.com
No year-end film has stirred up as much talk as Paramount’s "The Wolf of Wall Street," which looks at American greed and excesses.
shared by Abnormal Returns, @ReformedBroker, Here Is The City
Real ’Wolf of Wall Street’ says he will give film royalties to victims
CNNMoney
The real "Wolf of Wall Street," Jordan Belfort, says he will give his royalties from the book and the new film based on his life to victims of his stock scam.
shared by @AmyResnick, @danprimack, @moorehn
CNNMoney
The real "Wolf of Wall Street," Jordan Belfort, says he will give his royalties from the book and the new film based on his life to victims of his stock scam.
shared by @AmyResnick, @danprimack, @moorehn
Bitcoin Is a High-Tech Dinosaur Soon to Be Extinct
Bloomberg
Sorry, but Bitcoin isn’t the future. If anything, it’s a throwback to an earlier era, when private currencies circulated alongside government-sponsored money.
shared by Abnormal Returns, @edwardnh, @JohnLothian, @AlephBlog, @SconsetCapital
Bloomberg
Sorry, but Bitcoin isn’t the future. If anything, it’s a throwback to an earlier era, when private currencies circulated alongside government-sponsored money.
shared by Abnormal Returns, @edwardnh, @JohnLothian, @AlephBlog, @SconsetCapital
Pot Shops in Denver Open Door to $578 Million in Sales
Bloomberg
Toni Fox plans to open the doors of her Denver marijuana shop at 8 a.m. tomorrow to a line of customers including some who camped overnight to be the first in the U.S. to legally buy pot for recreational use.
shared by Reformed Broker, @ReformedBroker, Marginal Revolution, @pdacosta, @munilass
Bloomberg
Toni Fox plans to open the doors of her Denver marijuana shop at 8 a.m. tomorrow to a line of customers including some who camped overnight to be the first in the U.S. to legally buy pot for recreational use.
shared by Reformed Broker, @ReformedBroker, Marginal Revolution, @pdacosta, @munilass
StreetEYE.com follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.
Please help us pick the most important stories you think should appear in this linkfest by voting here!