yacht week wall street journal

• Recently Active
• Top Discussions
• Best Content

By Industry

• Investment Banking
• Private Equity
• Hedge Funds
• Real Estate
• Venture Capital
• Asset Management
• Equity Research
• Investing, Markets Forum
• Business School
• Fashion Advice
• Business School and GMAT Forum BSCH

Pre-MBA Greek Islands and Yacht Week

• Share on Facebook
• Share on Twitter
• Share on LinkedIn
• Share via Email

so ive been hearing some buzzing that INSEAD graduates are spending the end of June in the Greek Islands and also the next week is Yacht week in Croatia where Stanford/Booth/others? are starting to swirl talk of going there as well... anyone at these or other b schools can confirm?

and no i am not trolling this to make brady super jealous lol

I can think of worse ways to spend a week or two. I should really learn how to sail.

Several first years at Booth are talking about doing Yacht Week in August right after internships end.

see you in croatia

Not spending I don't know how much to be stuck on a boat with a bunch of dudes doing overpriced stuff :)

luckystriker: Not spending I don't know how much to be stuck on a boat with a bunch of dudes doing overpriced stuff :)

There's some buzz at HBS about Yacht Week in early August as well.

You don't have to be able to sail to join The Yacht Week as they provide the skippers. I went two years ago to Greece and it was one of the best weeks of my life! I know a friend of mine who just went to the BVI on yacht week and HBS had 12 boats there.

Columbia will have 2 or 3 boats I think. I'm not going so I don't know which particular location but it seems pretty popular.

I can confirm that HBS has 3 boats so far.

Brady, if you're out there, give us a sign!

Hearing about all this is making me jealous and really look forward to B school someday.

I can imagine how jealous Brady might be right now.

Are you sure this is not Brady bait? Is this real?

Brady will literally be crying himself to sleep tonight.

yes this is real lol we were just talking about it today and heard other schools were involved too..

Wharton admit here. Pretty sure wharton is also involved in the yacht trip that shorttheworld is talking about.

Sounds lame to me. Bunch of MBA douchebags and mediocre looking MBA girls going on an overpriced yacht trip when they don't have income coming in. Give me a fucking break.

mbavsmfin: Wharton admit here. Pretty sure wharton is also involved in the yacht trip that shorttheworld is talking about. Sounds lame to me. Bunch of MBA douchebags and mediocre looking MBA girls going on an overpriced yacht trip when they don't have income coming in. Give me a fucking break.

Remind to give this post some SBs when I have WSO credits again.

mongoose: mbavsmfin: Wharton admit here. Pretty sure wharton is also involved in the yacht trip that shorttheworld is talking about. Sounds lame to me. Bunch of MBA douchebags and mediocre looking MBA girls going on an overpriced yacht trip when they don't have income coming in. Give me a fucking break.

Haha. Yes sir, i shall indeed remind you.

MBA is a lot of hype, especially the social experience.

mbavsmfin: Haha. Yes sir, i shall indeed remind you. MBA is a lot of hype, especially the social experience.

While I'm sure the social experience is certainly overhyped in most cases, I have to say I've been impressed by some of the stories and examples I've heard. And I'm not talking about yacht week type stuff but the strong friendships/connections that many make while in b-school.

I haven't attended b-school, so I can't say definitively how great the experience is, but I've met and networked with a fair number of alums and current students from different schools and they all have cool stories to support some of the hype. I've talked to a number of people that have been out of business school for years, some nearly a decade and they still do an annual girls or guys weekend with their close friends from b-school where they all fly in for a ski trip or beach weekend, etc. I've also talked to many that had classmates in their weddings, even though they live in different cities in different parts of the country/world.

Clearly that's much different from a yacht week with blow and strippers, or whatever else people dream up, but those types of close, lasting relationships, typically imply something unique occurred while these folks were in school.

On a side note, I have some friends that just came back from a BVI yacht trip about a week or two ago and some of the pictures were pretty insane. So while I agree some of the dudes may be d-bags and some of the MBA girls mediocre, I can assure you there were plenty of girls on that trip that were not in business school and not mediocre that love to booze it up and probably get around a bit. Your mileage may vary, lol.

What does a b-school girl's appearance have to do with anything?

Can you please let me know your name so I can tell my girl friends going to Wharton this fall what a dickbag you are? Thanks.

venturecapitalista: mbavsmfin: Wharton admit here. Pretty sure wharton is also involved in the yacht trip that shorttheworld is talking about. Sounds lame to me. Bunch of MBA douchebags and mediocre looking MBA girls going on an overpriced yacht trip when they don't have income coming in. Give me a fucking break.

Sure. I will tell you my name if you tell me yours so i can tell my girlfriend going to HBS about you. Does that sound fair?

This is WSO , not Jezebel. No need to get defensive about guys ratings girls based on their looks.

Would be pretty funny if mbavsmfin's gf goes to a yatch trip with the Harvard dbags and falls for one of them. His worst nightmare will come true.

abacab: Would be pretty funny if mbavsmfin's gf goes to a yatch trip with the Harvard dbags and falls for one of them. His worst nightmare will come true.

I'm seriously considering dumping my gf soon.

mbavsmfin: I'm seriously considering dumping my gf soon.

You will regret it.

Stanford GSB is going to Yacht Week - 50 of my boyfriend's classmates. Aug 17-24, Greece route. Maybe see some other schools there! Can the other schools post where and when they are going?

Booth has the "random-walk"s staggering the week of Aug 17-24. So there shouldn't be any Boothie at these dates.

Hmmm. I could go after my internship this summer.

Naaah. Think I'm gonna stay around Lake Michigan/Lake Superior, work on getting certified for technical scuba diving, and visit some awesome wrecks at deco depths.

Pfft. Who needs Greece. The Midwest has a lot more interesting stuff to do. :D

Illini, what SCUBA certs do you have? I hear diving in the Red Sea is great...so what you really need to do is go yachting there and you can SCUBA from the yacht. :0

AndroidFinancier: Illini, what SCUBA certs do you have? I hear diving in the Red Sea is great...so what you really need to do is go yachting there and you can SCUBA from the yacht. :0

I dove off Sharm el Sheikh in the Red Sea a few years ago. It's a beautiful area but it was also only my 2nd or 3rd dive after getting basic open water certified so we didn't go anywhere particularly exotic.

Rescue, Nitrox, Drysuit. Done a fair amount of coldwater diving.

I will never be organized enough to dive the Andrea Doria, but the St. Albans @ 160 feet is something I can probably do safely with a carefully planned deco dive.

IlliniProgrammer: Rescue, Nitrox, Drysuit. Done a fair amount of coldwater diving. I will never be organized enough to dive the Andrea Doria, but the St. Albans @ 160 feet is something I can probably do safely with a carefully planned deco dive.

I'm trying to send a private message to MilitaryToFinance and IlliniProgrammer but I don't have 10 banana points yet. I only have my OW, but out of curiosity, where did you guys get your certs? One day I want to do Socorro, Sardine Run, and Palau. One day...

AndroidFinancier: IlliniProgrammer : Rescue, Nitrox, Drysuit. Done a fair amount of coldwater diving. I will never be organized enough to dive the Andrea Doria, but the St. Albans @ 160 feet is something I can probably do safely with a carefully planned deco dive. I'm trying to send a private message to MilitaryToFinance and IlliniProgrammer but I don't have 10 banana points yet. I only have my OW, but out of curiosity, where did you guys get your certs? One day I want to do Socorro, Sardine Run, and Palau. One day...

http://www.personalscubatraining.net/

Aquawookie on scubaboard.com

Costs about $100 more than a class with ten students at panaqua, but worth every penny. Paul does a private or semi-private course and takes the time to do it right and with a reasonable standard of care.

Takes two or three good weekends with Paul, and you can crank out drysuit diving, if you choose, at the same time. (Recommended if you plan on diving north of 35° on a regular basis).

If you're thrifty, I used to swim at the same pool that panaqua uses for their training. I haven't seen them do anything bad. I just think CESAs and OOAs are better learnt when there aren't ten other people in the class fighting for the instructor's attention.

http://panaqua.com/

Both Paul and PanAqua do their open water dives at Dutch Springs. The entrance fee is on top of the course price.

http://dutchsprings.com/

If you plan on diving in the northeast, I strongly recommend getting your AOW dive cert. Many boats require it to dive off the NJ or NY coast. For some of the deeper (but still rec limit) dives in Lake Michigan, they want to see AOW AND ~10-20 dives AND prior OW dives in the past 12 months.

If you're diving in FL or Mexico, they don't really care. But it's good to get experience on deeper dives with coldwater diving.

Does anyone know where in Croatia? If I had to guess, I would say they're most likely having it in Makarska.

Can somebody please talk brady off the ledge now

i had heard good things about yacht week however now that it appears to have become a business school networking event i think i can safely cross it off my list of things to do. running into a yacht full of harvard MBAs on vacation is the stuff of nightmares.

Bondarb: i had heard good things about yacht week however now that it appears to have become a business school networking event i think i can safely cross it off my list of things to do. running into a yacht full of harvard MBAs on vacation is the stuff of nightmares.

Way too harsh Bondarb. Most HBS students (top b-schools in general) are smart interesting people who also know how to let loose.

Thanks Illini, good stuff!

Made a thread in the "Other" forum for SCUBA diving so I don't hijack this one. Thanks guys

You should all just take the $200K you're spending on bschool and just buy the damn yacht that you're overpaying to rent. I'm sure you can network and make plently of lifelong friendships on your $2M boat that you co-own.

j/k... sort of... but not really...

Bumping this thread. Anyone going to the Greek islands yacht week in early August?

mbavsmfin: Bumping this thread. Anyone going to the Greek islands yacht week in early August?

Are you going?

The last thing I would want to do before starting school is to hang out with a bunch of stiffs. WHEN I get accepted into my dream school I'm off to Africa on safaris and shit...start in Cairo and end in Capetown. You gotta get away from the bullshit sometimes so you can be ready to jump back into it when you have to.

The whole "top MBA students are stiffs" meme is totally exaggerated. Most of them are a pretty fun group. I think yacht week will be on par with the craziest parties you would find at say usc, arizona, asu, ut austin. Looking forward to it.

Damn it I want to go to yacht week

It's not that expensive. Go with a group of friends who make decent cash or apply and get into a top b-school and go with your classmates.

The cost isn't the issue. I can find guys that are down. The issue is finding enough girls to go to balance out the gender requirement.

mbavsmfin: The whole "top MBA students are stiffs" meme is totally exaggerated. Most of them are a pretty fun group. I think yacht week will be on par with the craziest parties you would find at say usc, arizona, asu, ut austin. Looking forward to it.

yeah potentially, but at 5x the cost (or whatever people pay to get there...)

Who cares about the cost. YOLO.

Ben Shalom Bernanke: The cost isn't the issue. I can find guys that are down. The issue is finding enough girls to go to balance out the gender requirement.

Why anyone would want to go on the one week where you're guaranteed the place will be chock full of nothing but nerdy dudes? I have absolutely no clue.

It's not just MBA students who will be there. Lot of rich successful alphas from all over the world and of course, tons of hot chicks. It's going to be truly epic on all fronts.

I still cling to the hope that you are an incredibly talented troll.

bengigi: I still cling to the hope that you are an incredibly talented troll.

dare to dream

mbavsmfin: Yacht week>>>>>>>>>>any undergrad party in America.

You don't actually mean this, do you?

Minus qui et dolorem hic quia sint. Aliquid quos eius at accusantium eveniet laborum pariatur. Architecto ipsam labore et dicta doloribus. Aut deleniti qui corrupti.

See All Comments - 100% Free

WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)

or Unlock with your social account...

Laudantium nemo et voluptates quia totam est. Tempora nam nihil placeat in rerum. Reiciendis quos et natus omnis autem.

Eligendi id quidem sed et. Qui voluptatem harum excepturi eos tempora. Sit maxime excepturi quidem omnis excepturi.

Rerum rerum nostrum quia. Optio provident ullam sequi veniam doloribus adipisci qui. Dolorem sit quo ratione id et enim. Sequi tenetur laborum eligendi hic natus quis esse.

Distinctio id consectetur sunt est doloribus explicabo nobis. Tempora totam eveniet laboriosam est consequatur incidunt. Esse nemo porro autem beatae reiciendis consequatur. Saepe temporibus ullam esse neque ut occaecati modi. Et ipsa rerum eum accusamus. Totam eius sint temporibus delectus rerum. Et dolor non a autem voluptas fugit.

Aliquam et explicabo reiciendis voluptas aut recusandae velit. Aut error explicabo quae non fuga. Dignissimos sequi ratione voluptates reprehenderit provident dolorem rerum. Qui inventore blanditiis minus qui. Provident iusto a in nostrum.

Want to Vote on this Content?! No WSO Credits?

Already a member? Login

Trending Content

Career Resources

• Financial Modeling Resources
• Excel Resources
• Download Templates Library
• Salaries by Industry
• Investment Banking Interview Prep
• Private Equity Interview Prep
• Hedge Fund Interview Prep
• Consulting Case Interview Prep
• Resume Reviews by Professionals
• Mock Interviews with Pros
• WSO Company Database

WSO Virtual Bootcamps

• Mar 29 WSO NYC Happy Hour: Fri 3/29, 6.30-9p, 5th And Mad Bar Mar 29 - 30 6:30PM EDT
• Mar 30 Investment Banking Interview Bootcamp 10:00AM EDT
• Apr 06 Private Equity Interview Bootcamp 10:00AM EDT
• Apr 13 Financial Modeling & Valuation Bootcamp Apr 13 - 14 10:00AM EDT
• Apr 20 Investment Banking Interview Bootcamp 10:00AM EDT

Career Advancement Opportunities

March 2024 Investment Banking

Overall Employee Satisfaction

Professional Growth Opportunities

Total Avg Compensation

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

• Silver Banana
• Banana Points

“... I believe it was the single biggest reason why I ended up with an offer...”

Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.

or Want to Sign up with your social account?

The Wall Street Journal

By Yacht Week

Posted on 9th September 2022

Every year we host a group of MBA students on The Yacht Week for a week of networking, partying and living their absolute best lives.

"Hundreds of students from Harvard and other elite business schools like to connect at Yacht Week, a floating festival in the Adriatic Sea. ‘The girlfriends I went with on the trip, maybe we’ll become co-founders one day.’"

Read the full article here .

Share this post

Excited and ready to go?

Save your summer and sign up

We promise not to spam you

A $120 million megayacht linked to a Russian billionaire was seized by authorities, and now residents of a small Caribbean nation are paying $28,000-a-week to maintain it, report says

• A $120 million megayacht linked to a Russian billionaire has been docked in Antigua and Barbuda for 19 months.
• The Caribbean nation tried to auction it off, before a legal action was filed against it.
• Now taxpayers in the small country are paying $28,000-a-week to maintain the idle vessel, per the WSJ.

A 270-foot megayacht seized by the Antigua and Barbuda government has landed taxpayers in the small Caribbean nation with a $28,000 weekly bill to maintain it, The Wall Street Journal reported.

The Alfa Nero is a $120 million vessel that was raided by armed police and the FBI in August 2022, having been left in Antigua's Falmouth Harbor since Russia invaded Ukraine six months earlier.

The US Treasury Department has linked the Alfa Nero to Andrey Guryev , a Russian oligarch who the department says is a "close associate" of Vladimir Putin. He founded a fertilizer company and has a net worth of $9 billion, according to the Bloomberg Billionaires Index .

Related stories

Back in March, an Antigua and Barbuda government minister said the Alfa Nero was set to be auctioned because it risked becoming a "hazard" as it wasn't being maintained properly, The Guardian reported.

Eric Schmidt, the former Google CEO, won the yacht auction in June for $67.6 million. But the Journal reports that he got cold feet after a company linked to Guryev's daughter filed a last-minute legal action to block the sale.

So the megayacht, which is outfitted with an infinity pool that can transform into a dancefloor, has remained in Falmouth Harbor for the last 19 months. And it's become a white elephant for the Caribbean nation with a population of 93,000.

The Journal reports that the country's residents are paying $28,000-a-week in taxes to maintain the Alfa Nero, including the salary of an Italian captain and $2,000-a-day in diesel to keep its air conditioning running. That's because if the AC is turned off, it could let mold spread throughout the vessel and ruin the hardwood interior or a Joan Miró painting onboard, per the WSJ.

Tom Paterson, the dock master of the marina, told the Journal: "You take thousand dollar bills, tear them up, and just keep going."

The Antigua and Barbuda government could not immediately be reached for comment.

Watch: How $300 million Carnival cruise ships are demolished in Turkey

• Main content

come together in secret bays.

The tunnel raft

“THE PARTY OF A LIFETIME”

Explore historic islands.

Hvar starigrad bol vis

BE A PART OF THE LEGENDARY CIRCLE RAFT

"That was the best f***ing week of my life"

-Kevin, Buffalo, NY...

(to anyone who will listen)

party in an ancient fort.

Fort George

And everything in between.

to choose from

may 25 - sep 6

FOR THE UNINITIATED

This is not fyre festival.

We’ve been running this for 15 years. We’ve hosted over 100 000 people on the water... And we don’t even have a Netflix documentary.

You don't need to own a yacht.

Choose from our trusty fleet & a Yacht is yours for the week.  It’s basically like AirBnb – if an AirBnb could float.  And travel between islands. And take you to hidden bays. Ok it’s literally nothing like an AirBnb.

YOU DON’T NEED TO KNOW HOW TO SAIL.

Every Yacht has its own Skipper.  They’ll be with you all week, fully trained captains of the high seas. Carefully steering you through the best week of your life.

Full week pass + yacht

From $610 per person

• Communities
• Monday Business
• Police Logs
• Court News and Tickets
• Agribusiness
• MN State News

National News

• International News
• Public Records
• Local Sports
• MN State Sports
• National Sports
• Lifestyle Columns
• Lifestyle Feature
• Engagements
• CORONAVIRUS
• Classifieds
• Garage Sales
• New Ulm Community Guide
• Open Routes
• Terms of Service
• Submit News
• Browse Notices
• Place Notice

• Today's Paper

Subscribe Today

Wall street’s momentum cools after its latest record-setting week.

NEW YORK — Wall Street edged back further from its record heights on Monday to start a shortened trading week.

The S&P 500 slipped 15.99 points, or 0.3%, to 5,218.19 in a quiet day of trading. The Dow Jones Industrial Average fell 162.26, or 0.4%, to 39,313.64, and the Nasdaq composite dropped 44.35, or 0.3%, to 16,384.47.

The market tapped the brakes following its big run last week, which was its best of the year and sent all three indexes to records on Thursday. Stocks climbed as the Federal Reserve indicated it’s still likely to deliver several cuts to interest rates this year, as long as inflation keeps cooling.

That has the S&P 500 on track for another winning month in what’s been a nearly unstoppable run since late October. The strength has been durable as the economy has remained resilient, “but the longer the market goes up without a notable pullback, the closer we come to such a move taking place,” according to Chris Larkin, managing director, trading and investing at E-Trade from Morgan Stanley.

For the market to continue rallying, more companies will need to deliver strong earnings growth to justify high prices, say strategists at Morgan Stanley.

United Airlines weighted on the market and lost 3.4%. Federal regulators are increasing their oversight of the company following several recent issues, including a piece of the outer fuselage falling off one jet and a plane losing a tire during takeoff.

Boeing trimmed some of its sharp losses for the year and rose 1.4%. Beset by worries about its safety and quality of manufacturing, the plane maker announced a shakeup to its management. Among the moves is the departure of its CEO, set for the end of the year.

Today's breaking news and more in your inbox

• Daily Newsletter
• Breaking News

Court agrees to pause collection of Trump’s civil fraud judgment if he puts up $175M

NEW YORK — A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s ...

NEW YORK — Wall Street edged back further from its record heights on Monday to start a shortened trading ...

Spring storm lashes central US with snow, threatens South with severe

Snow, rain and gusting winds lashed a large swath of the Central U.S. on Monday, dashing spring hopes, as the South ...

People in the News

Boeing CEO to exit in broad management shakeup as manufacturing issues plague storied plane maker (AP) — Boeing ...

DeSantis signs one of the country’s most restrictive social media bans for minors TALLAHASSEE, Fla. (AP) — ...

Supreme Court again confronts the issue of abortion

WASHINGTON — The Supreme Court will again wade into the fractious issue of abortion this week when it hears ...

Starting at $4.38/week.

LOCAL UPDATE: 2 people rescued after Francis Scott Key Bridge collapsed, 1 seriously injured

BREAKING: Francis Scott Key Bridge in Baltimore collapses after being struck by a large ship

Russia extends arrest of US reporter Evan Gershkovich. He has already spent nearly a year in jail

The Associated Press

March 26, 2024, 5:36 AM

• Share This:
• share on facebook
• share on threads
• share on linkedin
• share on email

MOSCOW (AP) — A Moscow court on Tuesday ordered Wall Street Journal reporter Evan Gershkovich to remain in jail on espionage charges until at least late June, court officials said.

The 32-year-old U.S. citizen was arrested in late March 2023 while on a reporting trip and has spent nearly a year behind bars. His arrest was extended until June 30.

Photos from the courtroom released by court officials showed Gershkovich, clad in a black checkered shirt, smiling from the glass defendant’s box.

Gershkovich and his employer have denied the allegations, and the U.S. government has declared him to be wrongfully detained .

His arrest in the city of Yekaterinburg rattled journalists in Russia, where authorities have not detailed what, if any, evidence they have to support the espionage charges.

Gershkovich is being held at Moscow’s Lefortovo prison, which is notorious for its harsh conditions.

U.S. ambassador to Russia Lynne Tracy attended the court hearing on Tuesday and reiterated that “the accusations against Evan are categorically untrue.”

“They are not a different interpretation of circumstances. They are fiction,” Tracy told reporters outside of the courthouse. “No justification for Evan’s continued detention, and no explanation as to why Evan doing his job as a journalist constituted a crime. Evan’s case is not about evidence, due process or rule of law. It is about using American citizens as pawns to achieve political ends.”

Analysts have pointed out that Moscow may be using jailed Americans as bargaining chips in soaring U.S.-Russian tensions over the Kremlin’s military operation in Ukraine. At least two U.S. citizens arrested in Russia in recent years — including WNBA star Brittney Griner — have been exchanged for Russians jailed in the U.S.

Gershkovich is the first American reporter to be arrested on espionage charges in Russia since September 1986, when Nicholas Daniloff, a Moscow correspondent for U.S. News and World Report, was arrested by the KGB. Daniloff was released without charge 20 days later in a swap for an employee of the Soviet Union’s U.N. mission who was arrested by the FBI, also on spying charges.

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Related News

Robert F. Kennedy Jr. is expected to announce his VP pick for his independent White House bid

Cargo ship hits Baltimore’s Key Bridge, bringing it down. Rescuers are looking for people in water

Israel and Hamas dig in as international pressure builds for a cease-fire in Gaza

Recommended.

Francis Scott Key Bridge in Baltimore collapses after ship struck it, sending vehicles into water

Mostly cloudy. Highs in the mid 50s to low 60s

A DC woman's long road off the streets is finally over

Related categories:.

Inside the Superyacht Princess Diana and Dodi Al-Fayed Spent Their Final Vacation On

A look at the vessel that saw the beloved royal’s last vacation.

It was hot gossip, this adventure that the princess took abroad after having finalized her divorce from then Prince Charles less than a year before—something that was hinted at at the end of season 5 of The Crown as Queen Elizabeth is pressed to endorse a vacation a-sea with Fayed and her grandchildren, Prince Harry and Prince William. Diana was famously photographed sitting on the passerelle of this boat. Years later, in real life, Harry described the trip in his memoir, Spare , with fond recollection. “Everything about that trip to St. Tropez was heaven,” he wrote.

While the series was filmed on a lookalike super yacht in Mallorca , the real boat was equally lavish. The 208-foot ship was commissioned by Dodi’s father, former Harrods owner Mohamed Al-Fayed, who brought on naval architect Vincenzo Ruggiero to design it in the late 1980s. It was built by Italian shipyard Codecasa and launched in 1990. The steel and aluminum super yacht boasted nine staterooms that altogether accommodate up to 18 people, in addition to a crew of 26. Amenities included a Jacuzzi, swim platform, sun deck, formal dining room, a bar, and office space. Mohamed had named the yacht Jonikal (it has subsequently been called Sokar and is currently called Bash ) .

Shortly after Diana’s and Dodi’s deaths, Mohamed gave the interior a redesign by H2 Yacht Design and a refit that included extending the hull. He attempted to sell the yacht on a number of occasions, ultimately parting with it in 2014 to an anonymous buyer. The new owner carried out further work, including machinery upgrades, a repaint, and fresh teak decks. In 2021, the yacht came into the hands of Bassim Haidar , the founder of Intercomm and GMT, who gave it a further $9.7 million refit after a reported bridge deck fire—and its current name Bash . It’s now back to turn-key condition after an 18-month remodel completed in April 2023 by marine engineering and management company Capax and boat interior company Bobic Yacht Interiors . It features a beauty salon, massage area, high-tech gym, and a spacious main salon.

In May, Robb Report reported that Bash is available for charter in the Mediterranean starting at $278,000 per week, plus expenses. In June, Haidar listed Bash for $16.8 million, according to Boat International .

There was a second motor yacht named Cujo, which Diana and Fayed also took earlier that summer. It was built in Italy in 1972 for John von Neumann, who commissioned the Italian Baglietto shipyard to build the world's fastest motor yacht. She was given two 18-cylinder engines that allowed it to go as fast as 42 knots. Fayed had bought the boat from his cousin, Saudi businessman and arms dealer Adnan Khashoggi. In August, the Mediterranean Sea reclaimed Cujo, as the 62-foot artifact of Diana’s life hit an unidentified object off Beaulieu-sur-Mer on July 29 and sprang a leak, Vanity Fair reported. The seven people on board were rescued by teams from Antibes and safely returned to shore.

An imitation of Jonikal will feature in The Crown season 6, a set that was intended to visually illuminate the tension between Diana and the royal family. “Diana’s south of France adventure was bright and lovely pastel colors, and her world even in Kensington Palace is optimistic and warm, compared to the queen’s residence at Balmoral, which is very static, with gloomy light and drab colors,” set decorator Alison Harvey tells ELLE DECOR.

Filming on the yacht off the island of Mallorca (a St. Tropez stand-in) required many moving parts with few do-overs. “We brought in the drapes, the artwork, many furnishings,” Harvey explains. “Everything was set in the early ’90s, so we thought hard about the colors and textures that we brought in.” Harvey’s team had just half a day to dress the yacht, and then it was off to sea. “There was no getting on or off after that,” Harvey says, adding that they were “subsumed by the logistics of what we had to achieve and the time we had to do it.”

However painstaking the process, the yacht scenes will offer an intriguing context—though largely fictitious—for the iconic photographs that exist of those final weeks leading up to Diana’s death.

Rachel Silva, the Assistant Digital Editor at ELLE DECOR, covers design, architecture, trends, and anything to do with haute couture. She has previously written for Time, The Wall Street Journal, and Citywire.

Celebrity Style

Kate Middleton Has Been Diagnosed With Cancer

Inside Lady Rose Hanbury’s Houghton Hall Residence

A Look at the Homes of the British Royal Family

Alicia Keys Reveals Her Tips for Collecting Art

What, Exactly, Is American Riviera Orchard?

Is Kate Middleton Recuperating at This Estate?

Freddie Mercury’s London Mansion Is For Sale

Jeremiah Brent Is the New Bobby Berk on Queer Eye

RHOSLC Star Whitney Rose Is Selling Her House

Emma Stone’s Cute L.A. Home Sells in Record Time

One of Frank Lloyd Wright’s Biggest Homes Sells

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

• Share full article

Advertisement

Supported by

Investors Pour Money Into Wall St. as Stocks Set New Highs

The influx of cash reflects optimism about the economy and company earnings despite high interest rates and stubborn inflation.

S&P 500

By Joe Rennison

It looks like there is little that can trouble investors at the moment.

The S&P 500 recorded its best week of the year on Friday, up 2.3 percent. That added to gains that have lifted the benchmark index around 10 percent this year, setting a series of record highs.

Other major indexes, like the Dow Jones industrial average and the tech-heavy Nasdaq Composite, have recently traded at or near record highs, as have individual companies as varied as Microsoft, JPMorgan Chase and Walmart. Shares of the social media company Reddit jumped nearly 50 percent on their first day of trading on Thursday, a sign that investors are eager for more tech companies to go public this year.

The run has been fueled by a ferocious influx of cash: Investors poured nearly $60 billion into funds that buy stocks in the United States for the week through March 13, a record for data from EPFR Global, which has been tracking fund flows for more than 20 years. A subsequent outflow for the week through Wednesday — weekly flow numbers can be jumpy — did little to disrupt the momentum.

This week, the rally continued despite the Federal Reserve ’s forecast on Wednesday that inflation would remain marginally hotter this year than predicted a few months ago. As a result, central bank officials expect interest rates to come down more slowly in 2025 than previously foreseen, and only narrowly maintained their outlook for three quarter-point cuts this year.

Just as a rapid rise in interest rates knocked the stock market lower in 2022, the expectation for lower rates this year has formed part of the case for stocks to rise.

But the prospects for cuts have slowly been dimming, jolted by stubborn inflation in the first two months of the year. Investors in the futures market had expected the Fed to cut rates up to six times this year, but have recently come around to the central bank’s view that only three cuts are more likely.It hasn’t seemed to matter for the stock market’s barnstorming rally.

For some investors, the bullishness is a sign of the Fed’s loosening grip on the fate of financial markets, with money managers instead homing in on confirmation that the economy is humming and can continue to do so even if rates remain elevated.

“It’s a nice transition we have had from the need for the Fed to make cuts, to the economy supporting itself, supporting valuations and supporting earnings,” said Alan McKnight, chief investment officer at Regions Bank. “We are moving from a Fed-driven rally to an economic- and earnings-driven rally.”

For some purists, this has always been the case. If inflation had cooled more quickly, it would have probably been a sign of a more rapidly slowing economy, prompting a series of interest rate cuts to support it. Although the economy is still cruising, inflation has met some resistance on its path back to the Fed’s target of 2 percent, but it has also contributed to robust earnings for the country’s public companies. In essence, the purists argue, the Fed has adapted its stance to good news for markets, rather than investor optimism’s remaining beholden to Fed policy.

More important, investors’ main fear at the start of the year — that inflation could remain quicker than the Fed would like, or even re-accelerate, as the economy falters — is yet to be realized.

“If inflation is a little strong because the economy is strong, then that is still broadly good for equities,” said Seema Shah, chief global strategist at Principal Asset Management. “So long as we are not talking about an inflation resurgence, it’s fairly good news.”

According to Binky Chadha, an equity analyst at Deutsche Bank who predicted the stock rally last year while many were still forecasting economic turbulence, investors’ expectation for where rates will end the year is now the same level that was implied by futures markets in September. During the intervening period, the S&P 500 has soared, a sign of the stock market’s resilience to rates remaining higher for longer.

To Mr. Chadha, that means the stock market is “disengaging” from the Fed because of the strength of the economy.

Chief executives at U.S. companies are growing more optimistic, too, according to a recent survey by the Conference Board. Companies are increasing the amount of their own stock they are buying back, a tactic that is seen as helping push stocks higher. In another sign of confidence, Meta, the parent company of Facebook, announced in February that it would begin issuing dividends for the first time.

Forecasts for earnings in the first quarter of the year, which companies will start reporting in a few weeks, have fallen, but they remain positive, with big businesses on course for a third straight quarter of year-over-year profit growth.

Some analysts worry that the rosy outlook underpinning the rally could yet disappoint. Despite rising confidence among chief executives, companies have been guiding analysts to expect more meager earnings growth in the future. (Granted, that is sometimes a gambit to set expectations low enough to ensure that they can outperform.) There are also signs that consumers’ finances — the fuel that powers the economy — are becoming stretched. And with the presidential election looming, companies could pull back from hiring until the uncertainty about the outcome passes.

“It could get worse from here,” warned George Goncalves, chief macro strategist at MUFG Securities.

It’s a pullback that even market watchers like Mr. Chadha expect eventually, just not while economists, and the Fed, are revising their forecasts to account for the strength of the economy.

“Right now, the rally goes on,” he said.

Joe Rennison writes about financial markets, a beat that ranges from chronicling the vagaries of the stock market to explaining the often-inscrutable trading decisions of Wall Street insiders. More about Joe Rennison