How the world sees Greece
[A migrant man carries a baby as refugees and migrants disembark from the passenger ferry Blue Star arriving from the island of Lesbos at the port of Piraeus, on January 31, 2016 in Athens]More than half a million people have put their names to an online petition calling for Greek islanders on the frontline of Europe's migrant crisis to be awarded the 2016 Nobel Peace Prize.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Italy’s long-term sustainability in the eurozone is just as uncertain as that of Greece
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| READ THE ORIGINAL POST AT www.ft.com |
A second league Greek soccer game was delayed after all 22 players, as well as coaches and bench players, sat where they were in silence for the first two minutes in protest of Turkey and the European Union for not caring and showing respect to Syrian and ...
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| READ THE ORIGINAL POST AT www.yardbarker.com |
A man stands next to the body of a migrant child washed up on a beach in Canakkale's Bademli district on January 30 after at least 37 migrants drowned when their boat sank in the Aegean Sea. Another photograph of a boy’s lifeless body, lying among the ...
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| READ THE ORIGINAL POST AT www.nydailynews.com |
GREECE Post · Classifieds · Jobs · Cars · HOMES. FEATURED ». NEWS NOW. West Bloomfield teen charged with hosting underage drinking party .
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| READ THE ORIGINAL POST AT www.greecepost.com |
Egypt and Cyprus appear to be taking quick action on decisions they made with GREECE during their December summit that addressed issues ...
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| READ THE ORIGINAL POST AT www.al-monitor.com |
However if you look at the debt of certain countries, for example GREECE, if you don't have growth in Europe we are getting into a spiral of cutting, ...
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| READ THE ORIGINAL POST AT www.thehindu.com |
This is the best of times for lovers of good wine. Never in human history has there been so much drinkable wine around. In Europe, from Portugal to Greece, producers, who for millennia have been making crap, bulk wine for the local taverna, traded in their donkey for a BMW, or at [...]
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| READ THE ORIGINAL POST AT www.forbes.com |
After St. Nicholas Greek Orthodox Church in Lower Manhattan was destroyed on Sept. 11, 2001, by the collapse of the World Trade Center nearby, the Rev. John D. Romas held his small congregation together as its worship services moved to Brooklyn and ...
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| READ THE ORIGINAL POST AT mobile.nytimes.com |
SARAJEVO, January 31 (FENA) - Mirsad Bektašević, a Swedish citizen, was arrested today in Greece when attempting to join ISIS. Bektašević was previously convicted in BiH for intent to commit a terrorist attack.
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| READ THE ORIGINAL POST AT www.fena.co.ba |
The European Commission said GREECE had “seriously neglected” its obligations to control Europe's Schengen zone and is threatening the country ...
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| READ THE ORIGINAL POST AT www.pappaspost.com |
Footballers in Greece staged a sit-in protest at the start of a game over the death toll of migrants trying to reach the country by sea. H administration of FC AEL, the coaches and the players will observe two minutes of silence just after the start of the ...
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| READ THE ORIGINAL POST AT abruzzo.tv |
Benjamin Graham is often referred to as “the father of investing” – and for good reason. Warren Buffett was one of Graham’s students at Columbia University (and the only one to have ever received an A in his class). Many other value investing legends, like Bill Ruane, Irving Kahn, and Walter Schloss, were also disciples of Benjamin Graham. Although Graham started working at Columbia Business School in 1928, his works and teachings – which include Security Analysis (published in 1934) and The Intelligent Investor (published in 1949) – remain as relevant and useful today as they did 65+ years ago. And yet, as Andrew Hunt (portfolio manager and author of Better Value Investing) points out, Graham’s works and teachings were not the last word on value investing. Since Graham’s classic books were first published, many investors, researchers, and writers have taken up his ideas and developed them in ways even the Dean of Wall Street could not have imagined. _THEREFORE, TO REALLY UNDERSTAND BEN GRAHAM, YOU HAVE TO MEET THE WHOLE FAMILY._ _[THE VALUE INVESTING FAMILY VINTAGE VALUE INVESTING]VINTAGE VALUE INVESTING_ The above graphic, which I adapted from an article by Andrew Hunt, shows the different ways that Ben Graham’s ideas have been used over the past 6+ decades. BENJAMIN GRAHAM’S CHILDREN If Graham is the father of value investing, then his children (the names in blue in the graphic) are those value investors who applied his ideas in the stock market. According to Hunt, this generation includes: * THOSE WHO DEVELOPED GRAHAM’S PRINCIPLES OF VALUATION (namely Warren Buffett and Charlie Munger): Many of Graham’s tools – such as liquidation value – were pretty crude. Investors like Warren Buffett and Charlie Munger refined them by applying additional factors – such as franchise value, management quality and capital allocation – in the assessment of intrinsic value. * THOSE WHO APPLIED GRAHAM’S IDEAS TO NEW SITUATIONS: For example, investors like John Templeton showed how well value investing could work in international stocks, including emerging markets. Others, like Joel Greenblatt and Seth Klarman, applied the principles to special situations, such as bankruptcy securities, spinoffs, and complex structures. * RESEARCHERS WHO HAVE BACK-TESTED AND PROVED GRAHAM’S THEORIES ON CHEAP STOCKS (such as net-nets, low P/E, and low P/B stocks): In Graham’s day, the computing power was not there to thoroughly check his quantitative theories. However, beginning in the late 1970s with Eugene Fama and Kenneth French, many researchers have since found that buying cheap stocks is incredibly effective. [Warren Buffett, Chairman and CEO, Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque ]Vintage Value Investing BENJAMIN GRAHAM’S GRANDCHILDREN Graham’s observations often hinted at the human difficulties of investing (“the investor’s greatest enemy is likely to be himself”). The next generation of children – the “grandchildren” – (in red) answered the question of _why_ the opportunities that Ben Graham found in the stock market existed at all. There are four branches of explanation (which aren’t at all mutually exclusive): * BEHAVIORAL FINANCE: Probably the most famous explanation behind mispriced stocks, behavioral finance is concerned with the instinctive biases that our brains use in making decisions. When lots of people fall prey to the same biases, the result is an undervalued or overvalued opportunity. Behavioral biases include things like recency bias (giving too much weight to recent events), over-extrapolation (believing a trend will carry on just because it has done so in the past), and herding (following the actions of others). Well known pioneers in the field of behavioral finance include Daniel Kahneman, Amos Tversky, and James Montier._Read:_ 9 Cognitive Biases You Need to Understand to Master Your Money _for more on this topic._ * NEUROPSYCHOLOGY: A growing area related to behavioral finance, neuropsychology explains how decision-making can become impaired due to chemical imbalances in the brain. For example, cortisol – a natural chemical released in response to stress – impair both the learning function and the ability to assess probabilities, while dopamine can cause investors or traders to take on excessive risk. Writers such as John Coates and Jason Zweig have written some fascinating books, articles, and YouTube videos applying neuropsychology to financial markets. * INSTITUTIONAL BIASES: Because most financial markets are now dominated by large institutional investors, their structures and biases can in turn create inefficiencies. These biases include things like shunning small or illiquid opportunities, selling holdings with headline risks, or groupthink caused by committee decision making. * REFLEXIVITY: Reflexivity explains bubbles and busts in terms of self-reinforcing flows of capital. For example, when investors and speculators threw money at the housing market, this pushed up prices and made it look like a safe and strong investment choice, thereby encouraging more people to push capital into the market – eventually creating a bubble. When the bubble bursts, the same self-feeding spiral goes into reverse, with falling prices encouraging everyone to view it as a dangerous place and to withdraw their capital. The most famous advocate of reflexivity theory is the billionaire George Soros. Many of his big bets have incorporated reflexivity theory. [Seth Klarman]Vintage Value Investing BENJAMIN GRAHAM’S GREAT-GRANDCHILDREN Finally, Benjamin Graham’s “great-grandchildren” (in green) have focused on how best to develop your organization or your own personality in order to overcome the obstacles explained by his “grandchildren” and to put value investing concepts into practice like Graham’s “children”. Hunt notes that this is the youngest and most dynamic area in the evolution of Graham’s teachings, and encompasses a very broad range of theories and thinkers: * ORGANIZATIONAL CULTURE: Some of the most successful long-term value investment firms have written extensively on how to create the right culture and attract the right clients to make value investing possible. Some of the clearest examples are Howard Mark’s memos at Oaktree, Seth Klarman’s writings and talks on his Baupost Fund, and Richard Lawrence’s presentations at Overlook Partners. * CHECKLISTS: Other value investors – most notably Mohnish Pabrai – have espoused using checklists as a key part of their value investing process. Checklists are an innovation borrowed from the airline industry and described by surgeon Atul Gawande in his best selling book, “The Checklist Manifesto“. Simple and objective checklists can be used by investors to cut out their most common mistakes and omissions. * POSITIVE PSYCHOLOGY: Still other investors have drawn on the positive psychology movement, which explains how an optimistic and happy mindset can lead to superior decision making, creativity, and more rewarding relationships. * INTELLECTUAL DEVELOPMENT: Finally, there are popular blogs like _Farnam Street_ that focus on personal development and decision making, drawing on everything from the writings of Graham, Buffett, and Munger to Greek philosophy and quantum physics. And there are investors like Guy Spier, whose book “The Education of a Value Investor” deals almost exclusively with developing the right personality and temperament to invest successfully. WHAT’S NEXT FOR VALUE INVESTING? Well, value investing has recently found its way into sports. As made famous in the book and then movie Moneyball, Billy Beane’s strategy of using certain statistics like on-base percentage and slugging percentage – rather than the more popular and headline-grabbing stats like number of home runs and stolen bases – to find baseball players that were “undervalued” by other teams allowed the Oakland Athletics to become one of the best teams in baseball on a payroll that was only a third the size of many other teams’. This strategy has since been replicated by other professional sports teams. NOW WATCH: What this Navy SEAL's '40% rule' can teach you about success
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| READ THE ORIGINAL POST AT www.businessinsider.com |
Stop for lunch, check out the local shops and test out your GREEK. Visit at least one local kafeneio (coffee house), one seafood taverna on the ...
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| READ THE ORIGINAL POST AT www.stuff.co.nz |
Players at a GREEK football match staged a sit down protest to highlight the number of migrants that have lost their lives trying to reach the Aegean ...
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| READ THE ORIGINAL POST AT www.ibtimes.co.uk |
[A migrant carries a baby as refugees and migrants arrive aboard the passenger ferry Blue Star1 at the port of Piraeus, near Athens]By George Georgiopoulos ATHENS (Reuters) - Greece will speed up completion of five migrant registration centres and two relocation camps after the EU executive chided it for neglecting its duties to Europe's passport-free Schengen zone, the prime minister's office said on Sunday. European Union interior ministers urged Athens last week to do more to control the influx of migrants, some threatening exclusion from the Schengen zone as the crisis increasingly divides bloc members. Greece was the main gateway to Europe for more than a million refugees and migrants who reached the EU last year.
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The European Commission warned GREECE on Wednesday it could face more border controls with other states of the free-travel Schengen zone in ...
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| READ THE ORIGINAL POST AT leadercall.com |
As the European Union (EU) is miserably failing at finding solutions to effectively deal with the ongoing refugee crisis, it has made GREECE a scapegoat ...
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| READ THE ORIGINAL POST AT sputniknews.com |
Europe is bottling up migrants at the foot of the Balkans as its other plans for stemming the migration crisis flounder. The goal: to squeeze the river of people still streaming north from Greece toward Germany into a trickle.
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Greece requests 279 billion euros compensation... "We are moving to the restructuring of our country, overcoming the crisis and recovering our sovereignty," Prime Minister Alexis Tsipras said in an article to "Avghi" newspaper on Sunday. "Greece will make ...
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“Ladies and Gentlemen,On 27 January 1945, the gates of Auschwitz closed forever. For those who, beyond hope, survived, this was the end of a march of death through the most painful pages of European history. For humanity it was the realization of the end of an era in which time stopped before the horrors of mankind.Before the Second World War, over 79,000 Jews lived in Greece. After the war and the Holocaust, almost 90% of the Greek Jews had been exterminated. The highest price was paid by the community of Thessaloniki, the country’s largest Jewish community, the onetime Jerusalem of...
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On Friday, GREEK players, coaches and substitutes taking part in a second-tier league match between AEL Larissa and Acharnaikos spent the first two ...
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Tali Shaltiel, an Israeli physician, taking a Syrian child from a dinghy that arrived at a beach on the GREEK island of Lesbos. (Boaz Arad/IsraAid) ...
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Thirty-nine people, including five children, have died in the Aegean Sea after an overcrowded boat carrying Greece-bound migrants capsized near the western Turkish coast Saturday. The Turkish coast guards said that it had rescued 75 people from the sea.
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| READ THE ORIGINAL POST AT www.hngn.com |
Overhaul of Greece’s pensions system and overtaxation are pushing thousands of Greeks to the streets, to strikes and work stoppages. The week from February 1st to February 5th 2016 is expected to be “the hell” especially in terms of transportation. The month will begin with farmers to continue blocking highways, […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Swope, a deacon at St. George Catholic Church, is “visiting the areas in GREECE and Serbia where refugees from Syria, Afghanistan, Etruria and other ...
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| READ THE ORIGINAL POST AT times-herald.com |
… [MENL] -- Syrian migration to Greece has dropped. The European Union … Syrians who arrived on the Greek islands. The Frontex border agency … the migrants landing on the Greek islands has fallen considerably in …
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| READ THE ORIGINAL POST AT world.einnews.com |
From a niche product, GREEK yogurt became quite the sensation on the market. The latest spat between Chobani and its competitors began when ...
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| READ THE ORIGINAL POST AT www.themonitordaily.com |
Shortly before meeting with GREEK Prime Minister Alexis Tsipras on Friday, Watsa told the newspaper that he sees a role for foreign investors in the ...
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| READ THE ORIGINAL POST AT www.ekathimerini.com |
Since the launch of Chobani in 2005, GREEK yogurt sales have boomed and a multitude of GREEK yogurt products have filled the shelves of grocery ...
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| READ THE ORIGINAL POST AT lawstreetmedia.com |
Around 2,000 protesters joined a rally organised by Greece's far-right Golden Dawn party in Athens to mark the 20th anniversary of the Imia conflict - a dispute between Greece and Turkey over a pair of uninhabited islets in the Aegean Sea.
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| READ THE ORIGINAL POST AT www.rt.com |
THESSALONIKI, Greece (AP) -- Greek police say they have arrested two men suspected of attempting to travel to Syria to join the Islamic State group. A police officer told the AP Sunday that one of those arrested was a 29-year-old who was released from a ...
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| READ THE ORIGINAL POST AT hosted.ap.org |
THESSALONIKI, GREECE: Two men with Swedish passports and carrying machetes and other “combat paraphernalia” have been arrested in Greece, suspected of links to extremist groups, Greek police sources said on Sunday. A 28-year-old man of Bosnian descent ...
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GREECE Post · Classifieds · Jobs · Cars · HOMES. FEATURED ». NEWS NOW. Geneva police seek help in finding man involved in alleged attempted ...
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ANKARA, Turkey — A boat carrying Syrians attempting the short sea journey from Turkey to Greece struck rocks and capsized at dawn on Saturday, causing at least 37 people to drown, among them several babies and young children. Images of dead children on a ...
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Two men with Swedish passports and carrying machetes and other "combat paraphernalia" have been arrested in GREECE, suspected of links to ...
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Click to share on Twitter (Opens in new window) Click to share on Google+ (Opens in new window) Share on Facebook (Opens in new window) Click to share on Pinterest (Opens in new window) THESSALONIKI, Greece (AP) – Greek police say they have arrested two ...
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… sea journey from Turkey to Greece struck rocks and capsized at … for drownings between Turkey and Greece,” Peter Bouckaert, the emergencies director … the Turkish coast to the Greek island of Lesbos barely 5 …
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| READ THE ORIGINAL POST AT world.einnews.com |
… arrested in Greece, suspected of links to jihadist groups, Greek police sources … to Greek police sources. The two men arrived in Greece by plane …
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'Hillary: Modern Greek Tragedy' is larger-than-life comedy Theater review: The 2008 script tells the saga of Bill and Hill. Check out this story on desmoinesregister.com: http://dmreg.co/1WUJRYY
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THESSALONIKI, Greece (AP) -- Greek police say they have arrested two men suspected of attempting to travel to Syria to join the Islamic State group. A police officer told the AP Sunday that one of those arrested was a 29-year-old who was released from a ...
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| READ THE ORIGINAL POST AT hosted.ap.org |
Alexandroupoli, January 31, 2016/ Independent Balkan News Agency By Olga Mavrou Greek authorities arrested in Alexandroupolis a Bosnian and a Yemeni who were travelling with Swedish passports. The official charge is that they had knives in their luggage and in doing so they broke the Greek law about carrying a weapon. They were arrested in […]
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At least 39 migrants from the Middle East, including at least five children, drowned Saturday trying to cross the Aegean Sea from Turkey to Greece, Turkish coastguard officials said. "We expect that once peace has returned to Syria, once the Islamic State ...
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| READ THE ORIGINAL POST AT abruzzo.tv |
Two people suspected to have links with the ISIS have been arrested in Alexandroupoli town in Northern Greece, near the Greek-Turkish borders. The two men were holders of Swedish passports and had one machete and military uniforms in their luggage. One is of Yemen origin and one from Bosnia. The […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Protests against the Greek leftwing government's planned pension reforms expanded Thursday, as farmers clashed with riot police in the city of Thessaloniki, a journalists' strike pulled news bulletins off air and island ferries remained tied up in port.
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From the history of the Miranda rights and where the famous lines came from, to the possibility of Ireland's left following the examples of Greece and Sweden, there's plenty to choose from in this week's long reads. You may remember that famous Fine Gael ...
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Foreign shareholders get board representation at top GREEK bank. Financial Times. Piraeus Bank has named one representative from Paulson & Co, ...
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| READ THE ORIGINAL POST AT www.efinancialnews.com |
Thousands of GREEK white-collar professionals, including doctors, lawyers and engineers, took to the streets on January 21, protesting against major ...
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The women of Pomakohoria are on a mission: to reignite the GREEK economy knot by knot. They're employed by a new fashion label which ...
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| READ THE ORIGINAL POST AT www.theguardian.com |
A set of Greek players observed a two-minute silence before a second tier match as a form of protest over the rising death toll of migrants trying to enter the Aegean islands. The protest was a show of solidarity against the EU as well as Turkey who have ...
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| READ THE ORIGINAL POST AT www.sportskeeda.com |