The Justice Department has abandoned its efforts to seize three properties owned by Donald Trump’s former campaign chairman, Paul Manafort, who received a pardon from the former president in December. The real estate includes Manafort’s 10 -bedroom, 6-bath home at Bridgehampton, Long Island, valued at $11 million on Zillow, as …
Read More »Comcast makes $65 billion offer for 21st Century Fox assets as bidding war with Disney heats up (FOXA, CMCSA, DIS)
REUTERS/Rick Wilking Comcast has officially bid $65 billion for 21st Century Fox, topping Disney‘s $52 billion offer. The proposal comes one day after a court approved AT&T’s $85 billion merger with Time Warner. Comcast made its highly-anticipated bid for 21st Century Fox official, offering $65 billion for the company excluding …
Read More »Jim Rogers explains why you shouldn’t diversify your portfolio too much
REUTERS/Bobby Yip Owning a mix of assets is an “Investing 101” way to minimize risk. But oddly enough, Jim Rogers is not a fan of diversification. Diversifying beyond about 30 securities doesn’t bring any additional benefits in reducing overall portfolio risk. Diversification is generally considered one of the basic tenets …
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