Risk Revisited Again – Howard Marks
Today I feel it’s important to pay more attention to loss prevention than to the pursuit of gain.

Royal Mail: anger as government pockets £750 million from share sale – but taxpayers are excluded
The UK government sold half of its remaining share of the company for £5/share, quickly.

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RBS shares rise despite Labour criticism of share sale
Shares in Royal Bank of Scotland rose after Britain’s Conservative government said it would start selling its 32-billion pound ($49.6 billion) stake at a loss, a decision criticised by the opposition Labour party.

New Look Marketing Bonds to Refinance Debt Amid Wiese Purchase
New Look, the U.K. women’s clothing retailer being acquired by South African billionaire Christo Wiese’s investment company, said it is marketing 1.2 billion pounds ($1.8 billion) of bonds to refinance debt.

In Busy Silicon Valley, Protein Powder Is in Demand
Demand for some of the powdered drinks, which typically mix nutrients like magnesium, zinc and vitamins, is so high that some engineers report being put on waiting lists of one to six months to receive their first orders.

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