How bitcoin compares with previous asset bubbles

Bitcoin is drawing comparisons with past economic bubbles, owing to its meteoric rise this year. Here are some perhaps poignant history lessons: Tulip mania One of the earliest example of an asset bubble, the tulip boom occurred in the 17th century when Dutch speculators caught a dose of irrational exuberance over tulip bulbs – then … Read moreHow bitcoin compares with previous asset bubbles

The UK to tax the money that tech giants shift to tax havens

The UK is aiming a new tax at tech giants that shift profits offshore. This move to start taxing digital companies that shift earnings to tax havens will generate an average of £200 million in revenue for the government every year. The new tax, announced this week by the chancellor Phillip Hammond, targets one popular … Read moreThe UK to tax the money that tech giants shift to tax havens

How Apple Sidesteps Billions in Taxes

Apple, the world’s most profitable technology company, doesn’t design iPhones in Reno, Nevada. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office in Reno, Apple has done something central to its corporate strategy: it has avoided … Read moreHow Apple Sidesteps Billions in Taxes

Pyramid Averaging

Say you identify a stock on the basis of a bullish chart pattern and are certain of an upside target. The downside, however, remains either at less than optimal levels or is equal to the upside potential. Should you miss an opportunity just because the risk reward ratio is fairly balanced? We think not. We … Read morePyramid Averaging

The Howard Hughes Tax Dodge

The Late Business Tycoon and billionaire Howard Hughes may be best remembered for producing the most expensive Hollywood film of it day (Hell’s Angels, 1930), flying around the world in record time (1938), his affair with Katharine Hepburn (1939) and building the largest airplane in history, the H-4 Hercules “Spruce Goose” (1947). Or for his … Read moreThe Howard Hughes Tax Dodge