Today I bought more IDB bonds, this time from a serie with 79% yield. Local and foreign investors are panicked because the IDB conglomerate is - on paper - broke. I speculate that it will pay its debts, because IDB is a going concern with an excellent management team. If currently owes more than it owns - that means nothing. They are ups and downs in life, they are down but intact and desperate. I dont care if they are broke, they are the very best people hunting in the local jungle. I bet my savings on them.The pic show a chimpanzee with a captured antelope. Chimps, like men, hunt and kill cooperatively and good teams have no trouble in feeding their group. Nochi Dankner and his chimp troupe may be hungry this morning, but I bet they will provide dinner.
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