Dead Dictators Take Hong Kong

The pièce de résistance at Art Basel Hong Kong may have been an installation showing the life-like bodies of Lenin, Kim Il Sung, Mao, and Ho Chi Minh in plexiglass coffins. Castro was still in a hospital bed, but the artist claims the work will be updated. Globalists embraced the installation; political  More ►

Uber-Rich Nest in Indonesia

Economic and regulatory trends favor wealth expansion in Indonesia. Strong gains on the Jakarta Stock Exchange this year—recent volatility aside—have boosted private fortunes. Tax amnesty policies are also enfranchising previously-unrecorded assets. The 50 wealthiest Indonesians may now control  More ►

Uber-Rich Shop for Monster Diamond

The best sideshow in London this week is an auction. In a stand-alone event, Sotheby’s is offering the world’s largest uncut diamond. Pre-sale estimates stretch beyond $86 million based on recent auction activity. The bidding will read the pulse of the uber-rich. Russians, Chinese, and Arabs—logical  More ►

Family Wealth Is Long-Term Wealth

Private bankers may want to rethink portfolio duration as an indefinite feature. In 1427, Florence was on the cusp its grand cultural ascension. And it was bankrupt. The quick-fix to repair war-related fiscal damage was to levy taxes based on a copious income survey. The assessment included names and  More ►

Very Rich Are Very Different

Building a business that caters to serious wealth can be a difficult road to travel. One reason is that the mega-rich do not actually like to talk about their money. If anything, they isolate themselves because of concerns about who to trust. This social barrier means that portfolio strategy and asset  More ►