American financiers on the offer. Private-Equity Managers Make Moves as Tax Increases Near. Bloomberg
Somali pirates buying condos? ”When tremendous global wealth and economic uncertainty exist side by side, the remote nature of these markets is attractive to both illicit wealth and to rich buyers, many of whom favour authenticity and exclusivity over luxury and grandiosity.” The World’s Most Improbable Real Estate Booms. FT / CNBC
In his final note to clients of Societe General, strategist Dylan Grice suggested a four way split of 25% equities, 25% government bonds, 25% cash and 25% gold. Asset allocation: Earning a bob or two with Dylan. Economist
I’m leaving China and it doesn’t mean a thing. ”My personal and professional development has pretty much all been in Asia, and most of my friends and virtually all of my experience and network are out here. Which, when you think about it, seems like a really good reason to do something different, even if that something is going home.” Imagethief
Was Salvador Dali a charlatan? Dali’s Sexual Fantasies, Melting Watches Puzzle in Paris. Bloomberg
More art: “Hirst’s devotees credit him with clever, Warhol-esque subversion. But Andy Warhol never received more than $50,000 for a painting during his lifetime, while Hirst has profited handsomely from his artistic statements. London’s Sunday Times estimates his fortune at around $350 million, making him the richest artist in the world.” Damien Hirst: Jumping the Shark. Businessweek
How to fix lame conferences and ceremonies. Broken Events. Seth’s blog
Oh Happy Day (When Jesus washed my sins away).