afternoon swordy, stay blessed !!!
NOTABLE, FULL ARTICLE COPIED FOR ARCHIVE
SUICIDE OF NOTE - ASSET MANAGER CHARLES DE VAULX, MORE TO THIS STORY THEN MEETS THE EYE?
NOTE: I watched a interview with a couple of BlackRock CEO'S setting out their plan for other people money and the restraints due to climate change investments, could be connected?
https://www.zerohedge.com/markets/value-investing-icon-jumps-manhattan-skyrscraper-his-death-days-after-liquidating-fund
Desperate analysts languishing on the bottom rung of finance's long career ladder aren't the only ones committing suicide anymore.
Charles de Vaulx, a renowned value investor and co-founder of International Value Advisors, "died suddenly Monday afternoon, leaving the asset management industry in shock. It was an apparent suicide, according to the New York Police Department, who confirmed to the press that de Vaulx jumped from the 10th floor of a Manhattan skyscraper to his death. The apparent suicide comes just days after he finished winding down his investment firm.
As Barrons adds, "de Vaulx, 59, had built a long career as a risk-aware global investor who never deviated from his deep-value approach, even when it meant keeping as much as 40% of his funds in cash because he couldn’t find attractive investments during a 13-year stretch in which the markets favored faster-growing companies. De Vaulx’s conviction set him apart in the industry, even among other battle-tested contrarians." He was also a father of two.
For de Vaulx and thousands of other dedicated value investors, the last decade or so, where the Federal Reserve has perverted the price discovery process by flooding the financial system with liquidity, has been led to an extended drought for their businesses. Though value enjoyed a brief resurgence earlier this year, momentum growth funds and cryptocurrencies have produced world-beating returns while dividend-producing value stocks have seen valuations stagnate at levels well below their momentum rivals as investors place a premium on projections in a low-yield universe.
And while even value-investing titan Warren Buffet has been forced to adapt by embracing Apple and other tech stocks, de Vaulx - a disciple of legendary French value manager Jean-Marie Eveillard at SocGen and then First Eagle, before he went on to launch IVA in 2008 - was a value purist until the literal end. He served as chairman and CIO of IVA until it closed up shop earlier this month.
"Others were willing to compromise and try some new approaches to adapt," said Gregg Wolper, senior analyst at Morningstar Manager Research. "De Vaulx didn’t think that was appropriate, and stuck to the deep value approach. His investors appreciated it because there weren’t many other places to find that."
And the end finally came earlier this year when International Value Advisers announced in March that it planned to liquidate its two US mutual funds.
The liquidation was finalized last week. The firm added that "all associated accounts and funds will be similarly liquidated," Morning Star, which broke the news of Vaulx's suicide, reported.
"It is with heavy hearts that we announce the passing of our Chairman and CIO, Charles de Vaulx," reads a statement on IVA's website. The firm had more than $20 billion in assets under management at its peak, but had shrunk to just $863 million as of the end of last year.
But for all the years of peer-beating performance at First Eagle and then IVA, de Vaulx's investors apparently weren't thrilled when he took a step back as the shocking accumulation of debt in the post-crisis era deeply bothered him, making it near-impossible for him to pick stocks using his traditional methods.
Very much a bottoms-up investor who did deep research into companies and would passionately make the case for them, de Valux was also attuned to broader macroeconomic forces. And the high levels of debt around the world—both government and individual—troubled de Vaulx. That along with high valuations contributed to his desire to hang on to cash, even as markets charged ahead. “The reason he stuck with it wasn’t because he was stubborn but because he felt it was the best way to invest to protect his shareholders from losses and it was his duty to preserve capital,” Wolper added.
That conviction earned him respect in the industry. "Charles was a thoughtful, talented, disciplined, and risk-averse investor, who brought an intensity to his craft,” said Larry Pitkowsky, a fellow value manager at GoodHaven Capital Management. “And he was also a generous friend to many in the investment business."
One source close to de Vaulx told the New York Post that his death was like "a Shakespearean tragedy." The Post also reported that de Vaulx had reportedly been depressed by the redemptions at his firm, especially when longtime clients pulled money.
BANK SUICIDE FROM 10TH JUNE 2015, LINKED TO PREVIOUS ARTICLE, POSTED FOR ARCHIVE
https://www.businessinsider.com/sarvshreshth-gupta-death-ruled-suicide-2015-6?r=US&IR=T
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A 22-year-old Goldman Sachs analyst's death has been ruled a suicide
Julia La Roche Jun 10, 2015, 1:13 PM
The death of a young Goldman Sachs analyst in San Francisco back in April has officially been determined to be "suicide by jumping," Bloomberg News reports, citing a police report.
The police said Sarvshreshth Gupta was seen on surveillance footage falling from an apartment building into a parking lot about 4:20 a.m. on April 16, according to the Bloomberg report.
In a heartbreaking essay posted on Medium last month, which has now been removed, Gupta's father, Sunil, wrote about how his son was dealing with stress at work before his death.
Gupta, a University of Pennsylvania graduate who was originally from New Delhi, India, worked as a tech/media/telecom analyst in Goldman's San Francisco office.
He began his career at Goldman last fall. His father wrote how early on his son would complain about the long hours. Gupta quit his job in late March, but he rejoined the firm a short time later.
His father wrote that a few weeks later his son called and said he was not getting any sleep and had a lot of work to finish.
April, 16, 2015, 3.10 pm, India time. That is,+ 12.30 hours, California time. He calls us and says, 'it is too much. I have not slept for two days, have a client meeting tomorrow morning, have to complete a presentation, my VP is annoyed and I am working alone in my office.'
I got furious. 'Take fifteen days leave and come home', I said. He quipped 'they will not allow'. I said, 'tell them to consider this as your resignation letter.'
Finally, he agreed to complete his work in about an hour, go to his apartment which was half a mile from his office block and return in the morning.
Gupta was later found dead in a parking lot near his apartment building. He was only 22.
There has been an ongoing debate about stress and long hours for junior-level bank employees. This conversation really began back in August 2013 when Bank of America intern Moritz Erhardt died after reportedly working consecutive all-nighters at the bank's London office.
In the past two years, there have been numerous suicides and unexpected deaths among financial-services employees. In May, Thomas Hughes, a 29-year-old banker from Moelis & Co., died after leaping from his luxury apartment building in downtown Manhattan. His father told the Daily Mail his son didn't have much free time from work and that "at a time when he was under stress he probably resorted to illegal drugs, causing this incredibly poor judgement."
Banks have been trying to do more to improve the lifestyles of their employees, especially the junior-level ones. Goldman makes it so Saturdays are off for their junior bankers. JPMorgan Chase offers one "protected weekend" each month for its younger employees. Lower-level employees at Bank of America Merrill Lynch are required to take four weekend days off each month.
It seems the conversation will continue.
==Tell them that you can read and research yourself instead of being told what to do by corrupt pharma, then tell them to watch the coming conference by truth tellers this weekend, linked below !!!
COUNTER POPE CONFERENCE BY ARCHBISHOP CARLO MARIA VIGANO TO THE VATICAN JESUIT GLOBALISTS-TRUTH SPEAKERS ON COVID AND AGENDA !!!
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Conservative Catholics are readying for their Truth Over Fear Summit that will begin on Friday, Apr. 30 and extend through the weekend.
The event is described as “a three-day online gathering of 40+ frontline doctors, scientists, attorneys, researchers, and journalists, who will share invaluable and eye-opening insights into the truth behind the headlines, Covid-19, the rushed vaccine, and the Great Reset.”
“Big Tech does not want you to hear this information and is working hard to censor us. Most of our presenters have been silenced. In fact, the same day we published this summit, YouTube terminated our account and we are now shadow banned everywhere,” the event organizers wrote. “You, and only YOU, have the right to make INFORMED decisions for yourself and your loved ones.”
Archbishop Carlo Maria Viganò will be delivering the keynote address for the event. He will be joined by vaccine skeptic Robert F. Kennedy Jr., documentarian Dr. Judy Mikovits, PhD, United Nations whistleblower Rosa Koire, author G. Edward Griffin, journalist Alex Newman, and many other speakers.
https://bigleaguepolitics.com/conservative-catholics-prepare-truth-over-fear-summit-in-response-to-pope-francis-globalist-conflab/