ECB chief Draghi’s advisor quits to go to AXA

ECB chief Draghi’s advisor quits to go to AXA (via AFP)

One of European Central Bank president Mario Draghi’s closest advisors, Christian Thimann, is quitting his job to go to French insurance giant AXA, a spokesman said Monday. Thimann, who was also an advisor to Draghi’s predecessor Jean-Claude Trichet…

Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”

Volatility"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors.  Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More