Looking back at the week, here are some of the most interesting investment news that happened during the week:
1) Stock markets plummeted on Friday due to renewed fears of a Greek exit. Read more from the Wall Street Journal and The New York Times. However, to value investors like ourselves, a one day market change is not something we look out for. In fact, the S&P 500 Index has actually returned 11.2% over the last 12 months. It has returned 51.2% over the past 3 years, 73.8% over the past 5 years and 80.5% over the last 10 years
2) Airasia Bhd CEO, Tony Fernandes, was named one of Time’s 100 most influential people after his handling of the company’s first major air disaster.
3) The Asia Infrastructure Investment Bank (AIIB) seems to be gaining momentum as the head of World Bank today pledges his support for the new bank. Interesting to see what does this mean for companies in Asia and to the political landscape globally.