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Finance & Markets

Termites destroy farmer’s hidden savings in India

An Indian farmer faced a major financial loss after termites destroyed money he had hidden in his field. The unusual incident occurred in a village in Rajasthan. According to Indian media, the farmer had sold part of his land for Rs500,000 about a year earlier. He feared his sons would spend the money, so he […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

Read the original at dailytimes.com.pk →

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The Best Way to Sell a Concentrated Position

Imagine being the typical SpaceX employee over the last few months. Your shares IPO at $135 and within a few days they peak at $225/share (up 67%) before they begin to decline. As of this morning they sit at around $139, or about 3% above the IPO price. Given this, what percentage of your shares would you sell once your lock-up ends?

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