If one is looking to invest, the regular considerations might include Amazon, Google, Apple—even penny stocks (as one philosophy suggests, where is there to go but up?). Yet recent research indicates the most lucrative investment might not be in gold.
He is an imposing figure, this walking man: fully six feet tall, naked, his stick-thin limbs disproportionately long, his metallic skin clearly showing the rough handiwork of his creator.
Remember the meltdown of 2008? You know—the one where America’s housing market fell down a deep, dark hole, the world’s banks teetered on the edge of insolvency, stock markets did a face plant, and stockbrokers from here to Timbuktu considered (however briefly) defenestration as their next career move? Sure you do.
In normal times, the business of fertilizer is only slightly more interesting than the soil one spreads it on: one of those super-simple, steady-Eddie, boring-but-profitable businesses every investor loves.
Ahhh, those were the days. In 2008, the world economy was swooning. Stock markets on all five continents were in freefall. The titans of Wall Street were drowning in an ocean of red ink—as were several European countries. There, amidst the financial apocalypse stood Canada.
As a venture capitalist, private equity investor, and TV personality, Kevin O’Leary is callous, strategic, and opinionated. For this efficacious businessman, ROI is his only measuring stick.
It used to be the easiest job on Bay Street. In days gone by, one required neither an advanced degree in economics nor a crystal ball to predict the performance of the Canadian currency.
Annus horribilis. Of all the ways to describe the experience of hedge fund investors in 2008, none come quite as close as this to capturing the sense of disillusion and despair at a year in which the best-laid financial schemes went spectacularly awry.