Great article on a legendary Stanford class that built facebooks apps- who says education is not profitable
http://www.cnbc.com/id/42948537
The U.S. wants the yuan to appreciate faster (same story for the last 10 years)- http://online.wsj.com/article/SB10001424052748704681904576311093851810736.html?mod=WSJ_hp_LEFTWhatsNewsCollection
A look at U.S. Retail Sales in April- http://www.bloomberg.com/news/2011-05-08/retail-sales-probably-rose-showing-u-s-consumers-bearing-higher-prices.html
The SEC is going to take a hard look at high frequency trading-
http://www.bloomberg.com/news/2011-05-07/high-frequency-traders-to-face-more-sec-scrutiny-chairman-schapiro-says.html
How government regulation affects poker players- http://www.lvrj.com/business/shutdown-of-internet-poker-hurts-players-121460779.html
The Dallas Mavericks, in a completely unexpected outcome, sweep the 2 time defending champion Los Angeles Lakers 4-0 in the Western Conference Semifinals. Many predicted the Lakers would win the title this year and those predictions are now proving incredibly inaccurate. Markets are similar in that it seems the more obvious a prediction is, many times the end results is completely opposite, which is why one has to stay away from predictions.
As always, on any company mentioned here, past performance is not a guarantee of future returns. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.
Yale Bock, CFA
President, Y H & C Investments
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