I’ve always enjoyed reading Byron Wien’s “The Smartest Man in Europe” papers and now it shall come to an end as the previously anonymous gentleman, Edgar de Picciotto, has passed away. Here’s a snippet and link to the article, definitely worth the read.
Over the years I learned that he didn’t think like other investors, and I wondered about the formative events in his background. He was descended from a mercantile family whose roots stretch back hundreds of years to the days when they operated canteens along the Silk Route, providing food and weather protection to travelers moving to and from China and India. Born in Lebanon and educated in Europe, he came to the United States for training in finance. Sensing great opportunity as Europe recovered from World War II, he settled in Geneva and began managing the wealth that was accumulating on the continent. He was an early investor in hedge funds and his reputation as a person who could identify secular change, talent and undervalued assets ahead of others grew over the years.
Buy(s) THB 285 mn
- BDMS – And he’s still continually buying shares
- AJ – For a moment I was quite curious what’s going on until I see its a shareswap
Sell(s) THB 186 MN
- AJ – See above
- IHL – Second big sale here
- MAJOR – A first I think, I haven’t seen K. Wichai (to the best of my memory) ever sell shares before
- Thaicom urges govt to weigh impact of extra fees – THE GOVERNMENT should consider the impact on Thaicom if it slaps additional conditions or more regulatory fees on two of the company’s satellites, chief executive officer Paiboon Panuwattanawong said in a statement released yesterday. (The Nation, 22/6/16)
- Thai airlines spared from EASA blacklist – Thai-registered airlines have avoided being put on the list of airlines with sub-standard safety practices in the latest audit by the European Aviation Safety Agency (EASA), Transport Minister Arkhom Termpittayapaisith said yesterday. (Bangkok Post, 22/6/16)
- Preserving policy space for risks — The Bank of Thailand’s Monetary Policy Committee (MPC) held off yesterday on monetary easing as widely expected, citing the expected trajectories for economic growth recovery and rising inflation as grounds for its decision. (Bangkok Post,23/6/16)
- Long rainy season to precede big storms — After suffering one year of severe drought from El Nino, Thailand is now bracing itself for La Nina, another weather phenomenon that is expected to bring excessive rainfall. (Bangkok Post, 24/6/16)
- Rice exports to get a boost in the second half of this year — THE COMMERCE Ministry expects rice exports to increase in the latter half of this year and meet this year’s target of 9.5 million tonnes, amid constant demand for the staple. (The Nation, 24/6/16) Continue reading WHTW: Top 10