FREE MARKETS

July 9, 2009 by maedhros67

“Pirate hunting cruises along the African coast are being offered by private yachts in Russia. For £3,500 per day customers can sail along the coast of Somalia at low speed to entice a pirate into attacking.

Former special forces troops are on board to make sure no harm comes to the wealthy punters. If a pirate does take the bait, they are met with machine gun, rocket, and grenade fire. For an extra fee, customers can hire an AK-47 and join in.”

IN GRATEFUL MEMORY OF LUIGI DI BELLA, BENEFACTOR

July 1, 2009 by maedhros67

More detailed italian version…. 

Scientific Papers (not complete)….. 

Luigi Di Bella was born on Jul. 17, 1912 at Linguaglossa, a small Sicilian village near Catania. So poor was his family that, after completing his secondary education, it was only by virtue of the several scholarships he had won that he could attend the faculty of Medicine at the University of Messina. He was noted and sought as an intern by Prof. Pietro Tullio, Medicine Nobel prize candidate 1930 and 1932. At age nineteen, Luigi Di Bella associated his name to his master´s in their first joint paper, and prior to graduating in 1936, he had already published 9 works and won four national contests.

During the Autumn of 1936, he initiated teaching physiology and biochemistry at the University of Parma. In 1937 he was presented with a scholarship by the acclaimed scientist Guglielmo Marconi, then president of CNR (National Research Council). In 1938 he earned his second University degree, in Pharmacology, and the third one, in Chemistry.
With the rank of medical captain, he set off for Greece, where he was in charge of a Military Hospital. He was indefatigable in caring for the patients in his charge. So much so that he was eventually overwhelmed by the strain and, in 1943, sick with malaria and a severe hepatitis, he had to be discharged. After a brief convalescence, Luigi Di Bella resumed teaching and researching at the University of Modena and had several scientific works published. In the period 1937 through 1948 his name appears on as many as thirty-five papers, a number of which were based on his studies of aneurine, retinoids, ascorbic acid and on his research on hypothalamus and pituitary gland functions. In 1948 he won the Human Physiology and Biochemistry professorships.

Having to endure hindrance and rivalries in his research effort, he personally designed a private laboratory and went ahead with its construction, occasionally assisted by a few labourers. From 1951 onwards much research work was carried out in this “Private Laboratory of Physiology”. In 1969, after thirty years of research, Luigi Di Bella communicated to a national congress (SIBS) his first findings pointing to an innovative therapy of haematological pathologies, which he went on to practice with the collaboration of Prof. Edoardo Storti, a prominent haematologist. In December 1973, by invitation of clinical pathologist Domenico Campanacci, he referred to the Society for Medicine and Surgery of Bologna, Italy, on the results of his therapeutic approach, which were more extensively illustrated during the XXVI IUPS Congress 1974 in New Delhi. At the I EPSG Congress of Amsterdam, 1978, he presented a paper (Perspectives in Pineal Function. Prog Brain Res. 1979; 52: 475-478) outlining the rationale of his Method. He further explained his therapeutic proposal in 1980 at the International Symposium on Melatonin in Bremen; at the II International Symposium of Somatostatin 1981 in Athens (Somatostatin in cancer therapy); in 1987 at the Tübingen International Workshop (Melatonin in thrombocytogenesis. Gupta et al editors 1988 p.183-194) – where he met Prof. Derek Gupta.

He coined the definition “Biological Therapy of Tumours“, as opposed to the conventional cyto-toxic, cyto-reductive, tumour-focused treatments. Meanwhile, he continued to examine and treat, always free of charge, literally thousands of patients. In recognition of this professional and ethical endeavour, in January 1990 he was awarded the “Goodness Prize” by the top magistrate in Modena. When he retired from his academic activity, after teaching for forty-six-years, Luigi Di Bella continued to research at his “Private Laboratory of Physiology” in Modena”.
In 1996 he attained a vast fame, which he neither craved nor enjoyed, leading to his treatment of tumours (MDB – Di Bella Method, main components of which are: Somatostatin, Retinoids, Vitamin E, Vitamin D3, Melatonin, Bromocriptine) undergoing nationwide clinical trials in 1998. As a result, the Italian health authorities decreed that the MDB was not effective, although the criteria of the trials were deemed questionable by several observers (Müllner M, BMJ.1999;318(7178):208-209).

The last months of his lifetime were marked by intense suffering, that however did not prevent him from either attending to the sick or continuing his research work, as testified by the publication of his last paper (Med Sci Monit.2002;8(12):BR 527-431. Melatonin effects on megakariocyte membrane patch-clamp outward K+ current). His heart ceased to beat on July 1, 2003. His gravesite at Fanano, a small hill town in the Appennines near Modena, has seen a continuous stream of mourners, whether former patients or simple well-wishers. A posthumous review has recently been published by this very journal (Neuroendocrinology Letters, Volume 27, n. 4, 2006 ­ 425-432. “Key aspects of melatonin physiology: Thirty years of research). On dec. 12, 2006 the Linguaglossa City Council dedicated a square of the town to Luigi Di Bella and laid a commemorative plaque on his birthplace.

CORPORATE ACCOUNTS PERFORMANCE – JUNE 2009

June 29, 2009 by maedhros67

EQUITY   ACCOUNT

Inception Date: Dec 01, 2008   -   Inception Capital: 10,000 $

Net Assets Value (June 26, 2009): 17,249 $   (monthly return +25.92%)

Realized gain on Speculative Equity Holdings:   +1,085 $

Current gain on Speculative Equity Holdings:   +311 $

Current gain on Core Equity Holdings:   +558 $

Current Loss on Protection Hedges: -2,292 $

Net Income Premium:    +7,267 $

Dividends:   320 $

All time return: 7,249 $ (+72,49%)

————————————————————————————-

DERIVATIVE   ACCOUNT

Inception Date: Dec 01, 2008   -   Inception Capital: 30,000 euro

Net Assets Value (June 26, 2009): 37,388 euro   (monthly return +2.32%)

Cash                                                             38,668

Market value options sold                              (1,740)

Market value options bought                            460

Mark to Market Futures                                 0 

All time return: 7,388 euro (+24.63%)

MODEL PORTFOLIOS – JUNE 26, 2009

June 27, 2009 by maedhros67

€uroIncome 21.42 € -14.32%   (total return)
base 25 € -Aug 4, 2008

S&P/Mib 27,826 – Aug 4, 2008   (-29.7% total return)

Julians 31.78 $ +27.12%   (total return)
base 25 $ - Aug 21, 2008

S&P500 1,277.72 – Aug 21, 2008   (-28.08% total return)

TOTAL INVESTED CAPITAL – JUNE 26, 2009

June 27, 2009 by maedhros67

Maedhros Global Allocation Index    118.55

base 100 – Nov 07, 2008

Total Invested Capital   514.29   (433.82   x   1.1855)

base 500 – Nov 17, 2007

433.82 – Nov 01, 2008

Total Return since Inception   +2.86%

Benchmarks
S&P 500    -33.41% (same period)

Longleaf Partners Fund    -39.94% (same period)
Sequoia Fund    -20.14%(same period)
Third Avenue Value Fund    -33.8% (same period)

(in US dollars, dividends & broker’s fees included, taxes not included)

BRAINS TAKEN AWAY FROM HOEING LAND….

June 19, 2009 by maedhros67

DARWIN’S PREDICTIONS AND DARWINISTS’ EPICYCLES

June 18, 2009 by maedhros67

Protected: ALERT – JULIANS PORTFOLIO

June 17, 2009 by maedhros67

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Protected: ALERT – EUROINCOME PORTFOLIO

June 16, 2009 by maedhros67

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Protected: ALERT – JULIANS PORTFOLIO

June 12, 2009 by maedhros67

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