A Quote by Garry Kasparov
Furthermore, a large portion of the assets of leading Russian figures is mixed, meaning that it is not quite clear how to counter this development.
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We believe that unilateral sanctions violate international law, in fact. They violate free trade. They violate human growth and development, human development, and that when you actually sanction a bank of a country, the meaning of it is quite clear. You're sanctioning medicine for the people.
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
The effect of sanctions on the Russian economy are clear to everybody, first to the Russians and to the Russian leadership, and the surroundings of the Russian leadership, the circle that is close to the Russian political leadership.
I have to say that oil and gas revenues make up a large part of the Russian budget revenue. This is a serious component for us in addressing economic development, budget funding for our development programmes and, of course, and meeting of our social commitments to our citizens.
Quite frankly, I have to admit that with regard to the enormous financial assets and funds of Russian leaders in Western banks and on stock markets, the chances for the West to exert influence on Russia are quite low. I doubt that Western leaders are willing to exert pressure. I would not exclude an intervention in case of a crisis.
In your walks about London you will sometimes see bent, haggard figures that look as if they had recently been caught in some powerful machinery. They are those fellows who got mixed up with Catsmeat when he was meaning well.
I am the byproduct of an Ellis Island orgy, basically. I'm everything. I've got quite a mixture in me. I know a lot of it and I don't know some of it. I'm pretty mixed up, but mostly Russian and Irish.
Now, I think of my writing as having two foundations: entertainment and meaning. The meaning portion is really me trying to answer my questions. The entertainment aspect of it is how I make a story that can make people turn the pages.
Long after the fall of the Soviet Union, the Russian state and its security operatives still know who their long embedded human assets are, recruited by a mixture of bribery and blackmail. Some of those human assets are still in positions of influence.
The 1960s was a period when writers in the West began to be aware of the extraordinary eloquence and popular attraction of the Russian poets such as Yevtushenko and Voznesensky - oppositional figures who could draw crowds. The Russian poets recited from memory as a matter of course.
I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret to success in following the formula strategy is patience, a quality in short supply for both professionals and individual investors alike. I think investors should have a large portion of their assets in equities over time.
An opposition is necessary and desirable for the healthy development of any country. You can scarcely find anyone in opposition, except for the communists, just like in Yeltsin's times. It is regrettable that there is still no constructive, clear and large-scale opposition in Russia. The growth and development of an opposition, as well as the maturing of other democratic institutions, will take more time and experience.
I shall always be grateful for this curious love of history, allowing me to spend a lifetime looking back into the past, allowing me to learn from these large figures about the struggle for meaning for life.
Learning how to and being expected to know how to fly an international partner vehicle is quite something, especially having to do it all in Russian.
In 1958 I finally found a large enough apartment on the Lower East Side, where I reverted to figure painting. I drew and painted quite a lot of figures and nudes. People would come and pose for me.
It seems unwise to allocate a large portion of investable capital to any one deep value opportunity, even if the latter promises a large expected return.
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