Making Sure It Adds Up
Fannie Mae is an unusual company. It was born as an
agency of the United States government in 1938, with a single aim: to make housing available to Americans of modest means. Though its mission has remained unchanged through seven decades, it is no longer an arm of the government. Its
shares are now traded on the New York Stock Exchange, and its market capitalisation exceeds $60...
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  • All About Funds

    For novice investors in mutual funds, this is an illuminating book. It is superior to other ‘books for dummies’ because of its comprehensive coverage, lucid writing, layout and good organisation of material; it is entertaining to boot. Written by Mark Mobius, a top fund manager, the book is divided into sections in such a way that you will not feel lost, no matter where you begin to read it....

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  • Time for a Break?
    From the low of 13,780 that the Sensex hit on August 17th, the index made a high of 17953 on 3 October 2007. This translates into a rally of more than 4,000 points or 30% in one and a half months, while pausing for some breath in mid-September at around the 15,500 mark. The super-acceleration phase of the Sensex is here, what some technical analysts call the fifth wave of a secular...
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