Fara Wave

Warren Buffett’s official biography, ‘The Snowball’, does not reveal a great deal that was previously unknown about the world’s greatest investor who has always played his cards close to his chest.
But it did contain plenty of references to his failures as well as his huge successes, and is about as fair and balanced as [...]

Buying a few gold coins or the odd mini-ingot and hiding them away has been a successful investment strategy over the past five years. Even in the annus horribilus of 2008 investors who chose gold over other asset classes have been well protected while others have seen their wealth decimated. US dollar gold prices have [...]

Dubai stocks plunged 5.5 per cent today back down to the previous low of 1,800 amid worries about declining oil prices, a local house price crash and continued poor liquidity in the banking sector.
This is almost a perfect storm with the Dubai Financial Market down by more than 70 per cent this year, making it [...]

When reading about the $50 billion Madoff hedge fund fraud it hit me on the head: hedge fund redemptions at the end of this year are going to be absolutely huge, and that will mean a massive sell-off in global capital markets in the first quarter.
That would also mean a further rally for the the [...]

Last week Engel and Volkers tried to kick start sales in the stalled secondary Dubai property market with $48 million knocked off the selling price of 150 homes in New Dubai for one day. Not a single unit sold, despite marketing to dozens of clients supposedly interested in bargains and a mortgage company on hand [...]