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Bloomberg (April 13)

2018/ 04/ 15 by jd in Global News

A “$105 billion ‘ghost stock’ blunder” created market upheaval in Korea. An error at the South Korean brokerage Samsung Securities Co. gave employees 1,000 Samsung Securities shares each instead of 1,000 won (less than $1). “In total, the company distributed 2.83 billion shares, worth—on paper—about 112.6 trillion won. That was more than 30 times the company’s market value.” As employees sold the ghost shares, the stock price “plunged” 12% and “many retail investors got burned.”

 

Wall Street Journal (June 6)

2012/ 06/ 09 by jd in Global News

“To the Chinese stock market and property bubbles, now add the whisky bubble.” Scotch is “the tipple of choice for the ultra-wealthy class” in China. In many ways this bubble mirrors Japan’s similar bubble of the 1970s and 1980s. Spirit makers are being cautioned they might be left with a hangover if the bubble bursts.“To the Chinese stock market and property bubbles, now add the whisky bubble.” Scotch is “the tipple of choice for the ultra-wealthy class” in China. In many ways this bubble mirrors Japan’s similar bubble of the 1970s and 1980s. Spirit makers are being cautioned they might be left with a hangover if the bubble bursts.

 

Washington Post (May 23)

2012/ 05/ 25 by jd in Global News

“Mr. Zuckerberg will want to notice that his company’s stock will be finding its way into the portfolios of real investors.” Then he will be able to “appreciate that one of the best reasons for a public listing is the one seldom mentioned: The continual feedback from savvy investors about management’s strategies and execution.”

“Mr. Zuckerberg will want to notice that his company’s stock will be finding its way into the portfolios of real investors.” Then he will be able to “appreciate that one of the best reasons for a public listing is the one seldom mentioned: The continual feedback from savvy investors about management’s strategies and execution.”

 

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