Malaysia faces crucial graft test as Najib’s first 1MDB verdict looms By Reuters

© Reuters. Former Malaysian Prime Minister Najib Razak and his supporters arrive at Kuala Lumpur High Court in Kuala Lumpur

By Rozanna Latiff

KUALA LUMPUR (Reuters) – Malaysian former prime minister Najib Razak, fighting dozens of charges over a multi-billion-dollar graft scandal at state fund 1MDB, faces his first verdict on Tuesday in a landmark case that tests the country’s efforts to stamp out corruption and could have big political implications.

Najib was voted out in a historic 2018 election amid public anger over allegations that $4.5 billion was stolen in a globe-spanning scheme from 1Malaysia Development Berhad (1MDB), a fund he co-founded. Prosecutors allege more than $1 billion made its way into his personal accounts.

His party returned to power this year in an alliance led by Prime Minister Muhyiddin Yassin, prompting some to question how whether the return would affect several corruption cases against Najib and his allies.

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Why investors shouldn’t give up on Warren Buffett and the ‘buy and hold’ approach

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Missed opportunities

There’s a perception that buy-and-hold investors can’t take advantage of opportunities when markets are down. The assumption is their portfolios are static. In our 60/40 example, however, this is only true with respect to asset mix. The holdings that make up the portfolio will adjust and evolve over time. Moves are made to keep the portfolio on plan, most of which fall into the category of rebalancing.

This year for instance, our 60/40 investor needed to add to stocks in March after they dropped below her target level. If she was truly rebalancing, she would have added to stocks or funds that were down the most. Today, any contributions would be allocated to fixed income.

Outside the box

The key to any strategy, buy and hold included, is to give it a chance to play out. You can’t hop on and off and expect to

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Sorry, Roger Goodell. Americans aren’t ready to pack into Lambeau Field

As football season approaches, the National Football League, National Collegiate Athletic Association, and high schools across the country are weighing if they should have fans at games—or even play at all. On Thursday, Major League Baseball finally began its 2020 season without fans in the stands.

Even if sports leagues tried to get fans to come, they’d probably have low turnout. Only 20% of Americans say they’re comfortable enough to attend a concert, sports venue, or large gathering, finds a Fortune and SurveyMonkey poll of 2,802 U.S. adults conducted between July 17 and 21.

And 59% of Americans say it would take more than six months for them to feel comfortable enough to attend those events.

When sporting events or concerts do return, the crowd might follow partisan lines. Among Republicans, 37% are already comfortable enough to attend a concert, sports venue, or large gathering. That number is just 5% … Read More