Ray Dalio Says Living a Happy, Successful Life Comes Down to 3 Simple Things (Inc.com)
The billionaire hedge fund manager and bestselling author on defining success, the value of money, and how establishing a few guiding principles can make all the difference. Think “billionaire” and Ray Dalio probably doesn’t spring to mind, even though over time Bridgewater Associates, the hedge fund he launched from his apartment in 1975, became the largest hedge fund in the world. Even though he’s worth approximately $19 billion. Even though his book Principles: Life and Work has sold over million copies. And even though he’s the co-creator of PrinciplesYou, the best personality assessment I’ve taken.
LME Casts Doubt on Elliott’s Nickel Damages Claim in Judicial Review (Reuters)
The London Metal Exchange’s clearing house questioned the size of the damage claim brought by Elliott Associates and Jane Street Global Trading over losses from cancelled nickel trades, court documents show. U.S.-based hedge fund Elliott and market maker Jane Street are demanding damages of $456.4 million and $15.3 million respectively in a three-day judicial review ending on Thursday in a London court.
Bankrupt Hedge Fund 3AC’s Return as a VC Stirring Up Crypto Community (CoinDesk)
3AC co-founder Kyle Davies told CoinDesk that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past. Three Arrows Capital (3AC) is stirring up the crypto community again, this time with a surprise comeback using the same name, only in the guise of a venture capital (VC) firm. On Wednesday OPNX, the bankruptcy claims exchange co-founded by CoinFLEX executives and two people behind the defunct hedge fund Three Arrows Capital (3AC), announced that they have a new partner: 3AC Ventures. The partners will “invest in projects building in the OPNX ecosystem and working toward a decentralized future,” OPNX tweeted.
Wednesday 6/21 Insider Buying Report: QRHC, AKAM (Nasdaq.com)
On Friday, Quest Resource Holding’s CFO, Brett Wade Johnston, made a $106,020 purchase of QRHC, buying 18,000 shares at a cost of $5.89 each. Johnston was up about 5.5% on the purchase at the high point of today’s trading session, with QRHC trading as high as $6.21 at last check today. Quest Resource Holding is trading off about 1.8% on the day Wednesday. And at Akamai Technologies, there was insider buying on Friday, by Chief Executive Officer F. Thomson Leighton who bought 818 shares for a cost of $91.80 each, for a total investment of $75,091. Before this latest buy, Leighton bought AKAM on 51 other occasions during the past twelve months, for a total investment of $2.90M at an average of $82.54 per share. Akamai Technologies is trading down about 0.8% on the day Wednesday. Bargain hunters can grab AKAM at a price even lower than Leighton did, with shares changing hands as low as $89.82 at last check today which is 2.2% below Leighton’s purchase price.
Tesla, Nvidia And 2 Other Stocks Insiders Are Selling (Benzinga)
United Airlines: The Trade: United Airlines Holdings, Inc. (UAL) EVP & Chief Growth Officer Gregory L Hart sold a total of 12,000 shares at an average price of $52.26. The insider received around $627.12 thousand from selling those shares. Salesforce: The Trade: Salesforce, Inc. (CRM) Chair and CEO Marc Benioff sold a total of 500,000 shares at an average price of $209.14. The insider received around $104.57 million from selling those shares.
