Speculative investment the Subscriber understands that an investment in the Securities is a speculative investment and that there is no guarantee of success of the business and/or the operations plans of the Company’s management. Management’s plans are an effort to apply present knowledge and expe...
but the practice can be sustained without them. Among early post-internet artists, many projects regarded the act of exhibiting as a slightly old-fashioned ritual, opening the possibility for a freeport to replace a gallery. One of the most famous examples...
I had to sell it in 2000 because of a ridiculous change in Dutch tax laws, and hoped to quickly buy something else instead (the new law would tax the equity gains for properties that were also used for one’s business at the personal tax rate, which was over 60% then). But despite ...
Based on the Kindleberger–Minsky model, it appears that a structural or regulatory change in the market opens or creates new business opportunities. In football, the development within the last decade can be traced to three main “exogenous shocks”, besides some overarching developments. As such,...
Fur- thermore, football club ownership might also be a hobby for rich business people (Franck 2010b), as a kind of "conspicuous consumption" (Veblen 1973). Besides the entry of financial investors, income from merchandising and adver- tising has grown; this, again, refers to the increased ...