Economy & Finance First serve - 3-5-12

1. First Serve Asset Management, LLC 527 Madison Avenue, 6th Floor New York, NY 10022 Tel: 212-702-7151 2. PAGE | 2CONFIDENTIAL AND NOT FOR DISTRIBUTION Disclosure Statement…

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Of airplanes and parachutes Deon Gouwsâ opinion on investing Page 3 The story so far Jarrod Cahn on the Best Ideas Portfolio Page 6 Open mouth operations Ainsley To on the…