What is insider trading?

Insider trading is the buying or selling of a security by an insider, that is, someone who has access to information about the security not yet available to the broad public; this practice can be illegal or legal, depending on when the insider makes the trade. For example, legal insider trading can happen when the … Continue reading What is insider trading?

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Margin Call

"There are three ways to make a living in this business: be first, be smarter, or cheat." Margin Call is a 2011 American independent movie, which takes place over a 24-hour period at a large Wall Street investment bank during the early stages of the financial crisis of 2007/2008. The film focuses in particular on … Continue reading Margin Call

What is a mutual fund?

A mutual fund is a professionally-managed investment vehicle, made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, derivatives and other assets. Mutual funds are usually operated by professional money managers, who allocate the fund's investments and attempt to produce profits for the fund's investors. Mutual funds are divided into "units", which are similar … Continue reading What is a mutual fund?

The Praise of Cunning

In 1509 the Dutch Desiderius Erasmus of Rotterdam wrote his most famous essay, The Praise of Folly, in which Folly, speaking in first person, praises herself, claiming to be a creation of God. Despite its 500 years, Erasmus' masterpiece is still today suitable for a more recent adaptation: The Praise of Cunning. In Italy, a country where … Continue reading The Praise of Cunning

Warren Buffett

Warren Edward Buffett (1930-alive), also known as the "Oracle of Omaha", is an American businessman, investor and philanthropist, famous for being the chairman and CEO of financial conglomerate Berkshire Hathaway and considered to be one of the most successful and well-respected investors in the world. Moreover, Buffett is also one of the wealthiest people in … Continue reading Warren Buffett

How Mario Monti saved Italy

On November 12th 2011 Silvio Berlusconi, then president of the Council of Ministers (Prime Minister) of the Italian Republic, presented himself to the Quirinal Palace and resigned from his position in front of then President of the Republic Giorgio Napolitano. In the previous months, in fact, Berlusconi had showed on multiple times his inadequacy as Head … Continue reading How Mario Monti saved Italy