The agony of the value investor

IN APRIL 1962, Joan Whitney Payson watched the New York Mets, a collection of cast-offs from rival baseball teams, lose their first ever game. Mrs Payson, the Mets’ owner, soon left for a summer in Greece. News of further defeats reached her by telegram. So she asked that she be told only when the Mets […]

Billionaire investor Steve Case says the failure of the 2000 AOL Time Warner mega merger taught him a crucial lesson about execution

Hollis Johnson/Business Insider Steve Case is the billionaire founding CEO of AOL and the head of Washington, DC-based venture-capital firm Revolution. In 2000, AOL bought Time Warner for $ 165 billion, making it the largest merger in history at the time. Case left in 2005, correctly predicting it was an unsustainable partnership. He said that […]

Ein Problem: Volkswagen Facing $10.7 Billion Investor Lawsuit Over Diesel Scandal

Volkswagen Group will be staring down the barrel of a courtroom next week, which isn’t anything new. The automaker’s investors want 9.2 billion euros ($ 10.7 billion) in compensation after arguing the carmaker should have informed shareholders about a diesel emission scandal before regulators got the word out in 2015. The lawsuit groups 1,668 individual […]

What’s the Chinese Electric Car Startup Survival Rate? One Percent, An Investor Predicts

China has bit of a gambling problem when it comes to electric car manufacturers, though it should probably be referred to as a “gambling solution.” The country dumps vast sums of money into hundreds of EV startups, effectively hedging its bets by placing chips on absolutely everyone. With $ 15 billion already invested, the nation intends […]

Early Facebook investor Marc Andreessen says one of the biggest mistakes that startups make is hiring an HR leader too late (FB, TWTR)

Stuart Isett/Fortune Global Forum Marc Andreessen says most companies put off hiring a HR leader too long. The delay makes the company more at risk of “catastrophic failure through self-inflicted wounds,” according to Andreessen. In an interview with longtime tech industry veteran Elad Gil for his new book “High Growth Handbook,” Andreessen says companies should hire […]

Check out this surreal chat with Theranos investor who says he’s “thrilled”

Theranos CEO and founder Elizabeth Holmes. (credit: Max Morse for TechCrunch) In yet another jaw-dropping interview that seemed to be broadcast from an alternate universe, venture capitalist Tim Draper tenaciously defended the failed blood testing company Theranos and its disgraced founder and CEO, Elizabeth Holmes. In the interview, which aired on CNBC, Draper called the […]

Billionaire banking heir and cryptocurrency investor Matthew Mellon dies in rehab at 54

Dimitrios Kambouris/Getty Images for Dom Perignon Billionaire Matthew Mellon is dead at 54. He died at a rehab facility in Mexico after struggling with an addiction to painkillers. Mellon is a descendant of the founders of Mellon Bank and investment bank Drexel Burnham Lambert. In recent years he made a reported $ 1 billion investing in […]

Coming financial crisis will be much worse than Great Depression – investor Peter Schiff

The Great Depression will pale in comparison to the next financial crisis which could soon be coming, according to investor Peter Schiff, famous for his doomsday predictions. “The bad news is, we are going to live through another Great Depression and it’s going to be very different. This will be in many ways, much much […]