Sales & Marketing news

• The founder of a macro hedge fund that's up 14% tells investors how his childhood living through the Lebanese civil war helped him prep for market turmoil

  21-03-2020 15:12 via feedproxy.google.com
  
  Massar Capital, a $233 million hedge fund founded by Marwan Younes, finished Monday up more than 14% for the year. Massar makes global commodities and macro bets, according to its website.
  Younes said the firm has been able to thrive in the chaotic markets caused by the novel coronavirus because of his background: He grew up in Beirut during the Lebanese civil war of the 1980s.
  "This background naturally shapes one's outlook to be highly defensive, based first on maximizing the odds of surv
  
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• Markets are going haywire. Billionaire Seth Klarman explained in his legendary, out-of-print book why he never listens to the market, and you shouldn't either.

  21-03-2020 14:48 via feedproxy.google.com
  
  Billionaire Seth Klarman's investing philosophy has been in something of a rut for years.
  But comparing his recent writings to investors to his nearly 30-year-old book show that he hasn't changed the way he does things — and value might be making a return as the markets tumble due to coronavirus fears.
  Klarman has doubled down on his belief that the market does not reflect the true value of an investment because it's based on the actions of others, not the underlying fundamentals. 
  In
  
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• Tony Xu, the founder and CEO of $13 billion DoorDash, said the hardest funding round to raise was the first. Here's what he learned from the experience.

  21-03-2020 14:20 via feedproxy.google.com
  
  The hardest funding round DoorDash CEO Tony Xu ever had to raise for his company was its seed round, he told Business Insider in a recent interview.
  After DoorDash graduated from a startup accelerator program, Xu spent more than 10 weeks trying to raise funding for his nascent company, and money grew short.
  The company finally ended up raising $2.5 million from a collection of high-powered investors.
  Xu learned some lessons from the experience — the importance of operating efficiently and
  
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• Bank of America lays out the 6 things that need to happen for the stock-market crash to truly end — and warns only 4 have occurred so far

  21-03-2020 13:44 via feedproxy.google.com
  
  A group of strategists at Bank of America has pinpointed six criteria that typically trigger when a stock market nadir has been reached.
  According to BoA's logic, the more signals that have been eclipsed, the better. Today, they say four out of six criteria have been met.
  They also argue that one variable that's not on the checklist — new cases of COVID-19 — is possibly the most important caveat to consider.
  Click here for more BI Prime stories.With markets in free fall, cases of COV
  
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• Wall Street WFH; BlueCrest cuts PMs; wealth managers in uncharted territory

  21-03-2020 13:42 via feedproxy.google.com
  
   
  Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. 
  If you aren't yet a subscriber to Wall Street Insider, you can sign up here.
  The new WFH reality (for some)
  Local governments across the US are moving to keep people inside to combat the spread of the coronavirus, and many non-essential businesses are closing to customers. Wall Street quickly ditched its rotating, color-coded teams for many. Cha
  
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• 7 financial heavyweights have unveiled forecasts for a sudden US recession. Here's what they had to say about the economic damage coronavirus will cause.

  21-03-2020 13:03 via feedproxy.google.com
  A number of Wall Street firms have said they expect the US to fall into a recession from the shock of the coronavirus pandemic. 
  The National Bureau of Economic Research defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
  Here are all the firms that have said the US will fall into a recession — or is alread
  
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• Warren Buffett discussed coronavirus, Coca-Cola, and past market crashes in a recent interview. Here are his 12 best quotes.

  21-03-2020 11:38 via feedproxy.google.com
  Warren Buffett discussed coronavirus in a Yahoo Finance interview last week.
  The famed investor and Berkshire Hathaway boss compared the brutal market sell-off it caused to previous crashes, joked about drinking more Coca-Cola to "ward off" the virus, and trumpeted America's bright future once the pandemic passes.
  Buffett also touched on negative interest rates and the odds of his death each year.
  Here are his 12 best quotes from the interview
  Visit Business Insider's homepage for more stories.
  
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• DoorDash is now offering hand sanitizer to all its couriers in the US and Canada

  21-03-2020 01:22 via feedproxy.google.com
  
  DoorDash is now offering hand sanitizer and gloves to its couriers nationwide in the US and in Canada to help protect them from the coronavirus that has been spreading rapidly around the world.
  The company secured tens of thousands of gloves and bottles of sanitizer earlier this year but previously had only made them available to delivery drivers in certain areas of the US.
  DoorDash closed its local offices around the country, so couriers will have to order the supplies online and pay up to $5 i
  
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• GM will make ventilators as the coronavirus pandemic rages and hospitals face unprecedented stress (GM)

  21-03-2020 01:19 via feedproxy.google.com
  
  General Motors is working with Ventec Life Systems to accelerate the production of ventilators.
  The carmaker could produce ventilators at its factories.
  As the number of coronavirus cases in the US increases, the healthcare system has raised alarms about running out of ventilators to assist the most severely ill patients at hospitals.
  Visit Business Insider's homepage for more stories.General Motors will help make desperately-needed ventilators. 
  On Friday, the automaker said it was working
  
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