The stock market crash this month was the worst August since 2001. At times, it was, to paraphrase Buffett, "like a bird flying into the middle of a badminton match." The long-term investment accounts were unscathed (there, in fact, we love falling prices) but the speculation accounts took a beating. For now, it's all on paper due to most of the maturities in our derivatives coming up in January. I joked with my dad yesterday that if I were to sell all of the businesses and take a very … [Read more...]
I'm a private investor who loves architecture, furniture, clothes, history, philosophy, books, cooking, and music as much as I do finance. 
