Features
Robert Maxwell was a publishing magnate – and a crook, but what else may he have been?
By BERNIE BELLAN A few weeks back, during one of the weekly bike excursions that a group of men (and occasionally women) go on every Tuesday during the summer, I happened to be talking to one of the members of our group, the ageless Mickey Hoch. (I had profiled Mickey in the April 3, 2019 issue of this paper.)
Mickey asked me whether I knew that there was a new biography out of famed media tycoon Robert Maxwell? When I said that I didn’t know that, Mickey added: “He was my first cousin.”
Robert Maxwell a cousin of Mickey Hoch? Now that was something I just had to find out more about. So, in short order, I bought this latest biography of Robert Maxwell, which is titled “Fall – The Mystery of Robert Maxwell”, by journalist John Preston.
There have been reams of material already published about Robert Maxwell – and although it’s been 30 years since his mysterious death from aboard his yacht, the “Lady Ghislaine”(pronounced Gee-Layn), the escapades of his notorious daughter – the very same Ghislaine, have kept the name Maxwell in the news long after Robert Maxwell’s death.
But to think that Maxwell’s real name was Jan Ludvik Hoch and that he was a first cousin of Mickey Hoch, well – that was something I found so intriguing I just had to dive into this new biography to learn much more about a man who was larger than life in so many respects.
I’m not sure how much more Preston has uncovered in this newest biography of someone about whom so much has been written. Frankly, I had trouble keeping track of all the names that were mentioned throughout the book, often wondering just what was that particular person’s relationship to Maxwell again?
What intrigued me more than anything, however, was Maxwell’s discomfort with his Jewish heritage. For years he disavowed ever having been Jewish, but late in his life he seemed to have done a complete about face and was more than eager to associate himself with his Jewish heritage.
Apparently there were two seminal moments in Maxwell’s life that led to this grand reawakening: One was in 1984, when he was already 61 and was persuaded to go on a trip to Israel for the first time in his life. It was during that trip – and a meeting with then Prime Minister Yitzhak Shamir, that Maxwell decided he was going to become a fervent supporter of the State of Israel. He told Shamir that he was going to become the largest individual investor in the state – and he did, actually investing $50,000,000.
It was also during a visit to Yad Vashem that Maxwell seems to have come to grips with the awful calamity that befell almost his entire family.
Here is how Preston describes that visit: “With his head lowered and his hands plunged into his jacket pockets, he walked through canyons of stone blocks bearing the names of communities that had been wiped out. Stopping in front of one of the blocks, he pointed at the lettering. ‘At the bottom is the shtetl Solotvino where I come from,’ he said. ‘It is no more. It was poor, it was Orthodox and it was Jewish. We were very poor. We didn’t have things that other people had. They had shoes and they had food and we didn’t. At the end of the War, I discovered the fate of my parents and my sisters and brothers, relatives and neighbours. I don’t know what went through their minds as they realized they had been tricked into a gas chamber. But one thing they hoped is that they will not be forgotten …’ Tears welled up in Maxwell’s eyes as he glanced towards the sky. Barely able to speak, he managed to add: ‘And this memorial in Jerusalem proves that.’ Overcome, he walked away.”
Later, Maxwell also paid a visit to his birthplace in Solotvino, which had been part of Czechoslovaki when Maxwell was born, but later became a part of Hungary. Maxwell described his childhood as so impoverished that he was hungry almost all the time.
That impoverished childhood, followed by his managing to escape Czechoslovakia while all but two of his nine siblings – along with his parents, were murdered in Auschwitz, also seems to have traumatized Maxwell for life, although he would never admit it.
And, while reading about Maxwell’s business exploits and his duplicitous nature is certainly interesting, it is the aspect of Maxwell remaking himself into a non-Jew, then making a 180 degree turn the other way that I think most Jewish readers will find most fascinating.
Not only was Maxwell able to adopt a different persona depending upon the occasion, and switch languages with ease (he actually spoke nine different languages), it also seems that he himself had difficulty knowing who exactly he was.
At one point Preston reveals that Maxwell changed his name to DuMaurier, pretending to be French. Why DuMaurier? Because he liked the cigarettes.
As well, Maxwell seems to have been quite fearless. He was decorated with the Military Cross by Field Marshall Bernard Montgomery in 1945 for, among other things, wiping out a German machine gun nest single handedly.
He was also very good looking when he was younger – and quite fit. As the years went on, however, Maxwell’s voracious appetite for food led to his becoming quite obese. As a matter of fact, he was so large upon his death that his coffin could not be fitted into his own private jet and a special plane that is designed especially to carry coffins had to be arranged to take him to Israel, which is where he had wanted to be buried.
Preston interviewed several individuals who described Maxwell’s insatiable appetite. One amusing anecdote is about a lunch that was served in Maxwell’s private dining room at his headquarters. The main course was leg of lamb. Maxwell’s guest that particular day was served first, and he asked for the knuckle of the leg, which was placed on his plate. That guest was momentarily preoccupied by discussing something with another guest who was seated beside him, but when he turned to start eating his meal, he saw that Maxwell had grabbed his own serving from his plate and was proceeding to devour it.
The author suggests that it was Maxwell’s impoverished childhood, when there was never enough food to go around, that led him to develop an insatiable appetite. In fact, according to those who knew Maxwell best, including his wife Betty, he would control himself for the most part when he was with guests in his own home, but later in the evening he would ransack the “larder”. Things got so bad that locks would be put on the larder, but Maxwell’s enormous strength didn’t prevent him from breaking down the door to get at the food.
While Maxwell was certainly a genius at business, helping to build many different companies, including book publishers, newspapers, and the MTV television network, it is not clear what drove him to want to be, as he himself would say, “the world’s richest man”.
Clearly there was an obsession with being accepted by the British Establishment which, while eager to benefit from his business deals, for the most part regarded Maxwell as an “outsider”. It doesn’t seem though that the antagonism that was so often expressed toward Maxwell had much to do with his Jewish roots as Preston does not refer to any antisemitic remarks directed Maxwell’s way.
Ultimately, Maxwell became a fervent supporter of a multitude of Jewish causes, especially the State of Israel. Preston describes a somewhat hilarious scene at Maxwell’s state funeral in Israel when two rabbis physically fought over who was going to be able to mount the podium to deliver a speech praising Maxwell as their prime benefactor.
Yet, there was something else that Mickey Hoch had told me about Maxwell that quite interested me – which was that Maxwell had reputedly worked for the Mossad. The book does reference Maxwell’s helping to arrange the departure of several Jewish “refuseniks” from the USSR, but Preston doesn’t indicae that this had anything to do with the Mossad.
Mickey Hoch (who, by the way, said that he had never met his cousin) also suggested that the Mossad had assassinated Maxwell. There has actually been a book published which makes that claim, but not once in Preston’s book does he even raise that as a possibility.
The book does discuss Maxwell’s incredible network of associates, including the leaders of a great many countries. And, while Maxwell did seem to have had very close associations with a great many dictators, especially behind what was then the Iron Curtain, the notion that has often been raised that Maxwell may also have been an agent for the KGB is given relatively short shrift. (Maxwell did have a close association with Mikhail Gorbachev, also with Boris Yeltsin. At the same time though, Maxwell was twice elected to the British House of Commons as a Labour MP, and seems to have been genuinely appreciative of Western democratic norms.)
Maxwell’s reputation was totally sullied following his death, however, when it emerged that he had ransacked the pension funds of his employees to the tune of £750,000,000. He may not have been the first crook to climb his way to the pinnacle of the business establishment, but he was certainly among the worst.
There has been so much speculation as to whether Maxwell actually jumped off his yacht or simply slipped (apparently he liked to urinate over the side at night, so it’s quite possible that he might have slipped doing that) that it will probably be fodder for more books for years to come.
Still, the question that intrigued me more than anything was the degree to which Maxwell’s impoverished childhood and surviving the Holocaust led him to becoming the legendary businessman – and scoundrel, that he ultimately became. If he hadn’t died under such mysterious circumstances, no doubt he would have spent the rest of his days fending off legal issues related to his brazen skullduggery.
This entire review, I haven’t even mentioned that, of all Maxwell’s nine children, his favourite was Ghislaine. How interesting is it that Ghislaine was the daughter of a financial rogue who was one of the greatest con men of all time, and that she ended up partnering with another notorious rogue, Jeffrey Epstein. No doubt the mysteries surrounding the deaths of both these scoundrels will haunt us for years to come.
Features
Why New Market Launches Can Influence Investment Strategies
New market launches play a critical role in shaping how investors plan, diversify, and execute their financial strategies. When a company transitions from private ownership to public trading, it creates fresh opportunities for capital participation, valuation discovery, and long-term growth assessment. An upcoming IPO often attracts retail and institutional investors alike, as it offers an opportunity to invest at an early public stage. These launches influence market sentiment, sector momentum, and portfolio allocation decisions, making them an important consideration for anyone seeking to align investment strategies with evolving market dynamics. Understanding how new listings affect pricing, risk, and long-term potential helps investors make more informed, disciplined choices.
Understanding the Role of New Market Launches
New market launches introduce fresh capital, innovation, and competition into public markets. They often signal broader economic trends and provide insights into emerging sectors. For investors, these launches are more than just new tickers—they shape market behavior and strategic planning.
● Expanding Market Opportunities
New listings expand the investable universe by introducing companies that were previously inaccessible. This allows investors to explore new industries, technologies, or business models, helping diversify portfolios and reduce reliance on mature or saturated sectors.
● Price Discovery and Valuation Dynamics
Initial listings go through a price-discovery phase in which demand and supply determine valuation. This process can create short-term volatility but also offers strategic entry points for investors who understand fundamentals and market sentiment.
● Capital Flow Redistribution
When new companies enter the market, capital often shifts from existing stocks to new offerings. This redistribution can influence sector performance and temporarily affect broader indices, thereby altering portfolio allocation strategies.
● Reflection of Economic Confidence
A steady flow of new listings often reflects positive economic sentiment and business confidence. Investors monitor these signals to gauge market health and adjust their equity exposure accordingly.
● Increased Market Liquidity
New launches contribute to overall market liquidity by increasing the number of tradable shares. Increased liquidity improves price efficiency and offers investors more flexibility in executing trades.
How New Listings Shape Investor Decision-Making
Investment strategies are not static; they evolve based on market conditions and available opportunities. New market launches influence how investors assess risk, timing, and portfolio balance.
● Risk Assessment and Appetite
Newly listed companies may carry higher uncertainty due to limited public financial history. Investors must evaluate their risk tolerance and decide whether early exposure aligns with their overall strategy.
● Portfolio Diversification
Including new listings can enhance diversification by adding exposure to different revenue models or growth stages. This helps balance portfolios that may be overly concentrated in established companies.
● Short-Term vs Long-Term Strategies
Some investors seek short-term gains driven by listing momentum, while others focus on long-term value creation. Understanding this distinction helps align new investments with broader financial goals.
● Sector Rotation Strategies
New listings often emerge from high-growth sectors. Investors may rotate capital into these sectors early, anticipating future expansion and innovation-led growth.
● Behavioral Influence on Markets
Public interest and media coverage surrounding new listings can influence investor behavior. Awareness of sentiment-driven movements helps investors avoid emotional decision-making.
Evaluating New Market Launches Effectively
Not all new listings present equal opportunities. A structured evaluation framework helps investors separate strong prospects from speculative risks.
● Business Model Strength
Understanding how a company generates revenue and maintains profitability is a fundamental part of evaluating new market entrants. A well-defined business model shows how products or services create value for customers and how that value is monetized. Scalable models, diversified revenue streams, and predictable income sources often indicate stronger resilience and long-term investment potential, especially in competitive or evolving industries.
● Financial Transparency
Clear and detailed financial disclosures help investors assess a company’s overall health and risk profile. Reviewing revenue growth, operating margins, debt obligations, and cash flow stability provides insight into financial discipline and sustainability. Transparent reporting practices reflect management accountability and reduce uncertainty, enabling investors to make informed decisions based on reliable data rather than speculation.
● Competitive Positioning
A company’s ability to compete effectively within its industry is a key determinant of future performance. Investors analyze market share, differentiation strategies, pricing power, and barriers to entry to understand competitive advantages. Strong positioning suggests the company can defend its market position, withstand competitive pressures, and capitalize on emerging opportunities over time.
● Management and Governance
Leadership quality plays a crucial role in long-term value creation. Experienced executives with a track record of execution, combined with robust corporate governance structures, signal operational credibility. Transparent decision-making, independent oversight, and ethical practices help reduce risk and align management actions with shareholder interests, particularly for newly listed companies.
● Growth Sustainability
While rapid expansion can attract attention, sustainable growth is what supports lasting returns. Investors assess whether realistic assumptions, operational capacity, and consistent market demand support growth projections. Balanced expansion strategies that prioritize profitability, efficiency, and long-term planning are often viewed as more reliable than aggressive growth that strains resources or increases financial risk.
Strategic Timing and Market Conditions
The success of an upcoming IPO is closely linked to strategic timing and prevailing market conditions, which significantly influence investor response and post-listing performance. Market sentiment plays a decisive role, as optimistic, growth-driven environments often generate strong demand for new listings, supporting positive price momentum after debut. In contrast, cautious or volatile markets can suppress enthusiasm, limiting upside potential even for fundamentally strong companies. Alongside sentiment, macroeconomic factors such as interest rate trends, monetary policy direction, and fiscal measures shape capital allocation decisions. Lower interest rates generally encourage investors to seek growth opportunities through IPOs, while tighter policy conditions may dampen risk appetite. Together, timing, sentiment, and policy context form a critical framework for investors to evaluate entry strategies for upcoming IPOs.
Conclusion
New market launches have a meaningful influence on investment strategies by introducing fresh opportunities, shifting capital flows, and shaping market sentiment. From diversification and growth exposure to timing and risk management, these listings require thoughtful evaluation and disciplined execution. By understanding their broader impact and aligning participation with financial goals, investors can integrate new opportunities into well-structured portfolios while maintaining balance and long-term focus.
Features
Are Niche and Unconventional Relationships Monopolizing the Dating World?
The question assumes a battle being waged and lost. It assumes that something fringe has crept into the center and pushed everything else aside. But the dating world has never operated as a single system with uniform rules. People have always sorted themselves according to preference, circumstance, and opportunity. What has changed is the visibility of that sorting and the tools available to execute it.
Online dating generated $10.28 billion globally in 2024. By 2033, projections put that figure at $19.33 billion. A market of that size does not serve one type of person or one type of relationship. It serves demand, and demand has always been fragmented. The apps and platforms we see now simply make that fragmentation visible in ways that provoke commentary.
Relationship Preferences
Niche dating platforms now account for nearly 30 percent of the online dating market, and projections suggest they could hold 42 percent of market share by 2028. This growth reflects how people are sorting themselves into categories that fit their actual lives.
Some want a sugar relationship, others seek partners within specific religious or cultural groups, and still others look for connections based on hobbies or lifestyle choices. The old model of casting a wide net has given way to something more targeted.
A YouGov poll found 55 percent of Americans prefer complete monogamy, while 34 percent describe their ideal relationship as something other than monogamous. About 21 percent of unmarried Americans have tried consensual non-monogamy at some point. These numbers do not suggest a takeover. They suggest a population with varied preferences now has platforms that accommodate those preferences openly rather than forcing everyone into the same structure.
The Numbers Tell a Different Story
Polyamory and consensual non-monogamy receive substantial attention in media coverage and on social platforms. The actual practice rate sits between 4% and 5% of the American population. That figure has remained relatively stable even as public awareness has increased. Being aware of something and participating in it are separate behaviors.
A 2020 YouGov poll reported that 43% of millennials describe their ideal relationship as non-monogamous. Ideals and actions do not always align. People answer surveys about what sounds appealing in theory. They then make decisions based on their specific circumstances, available partners, and emotional capacity. The gap between stated preference and lived reality is substantial.
Where Young People Are Looking
Gen Z accounts for more than 50% of Hinge users. According to a 2025 survey by The Knot, over 50% of engaged couples met through dating apps. These platforms have become primary infrastructure for forming relationships. They are not replacing traditional dating; they are the context in which traditional dating now occurs.
Younger users encounter more relationship styles on these platforms because the platforms allow for it. Someone seeking a conventional monogamous partnership will still find that option readily available. The presence of other options does not eliminate this possibility. It adds to the menu.
Monopoly Implies Exclusion
The framing of the original question suggests that niche relationships might be crowding out mainstream ones. Monopoly means one entity controls a market to the exclusion of competitors. Nothing in the current data supports that characterization.
Mainstream dating apps serve millions of users seeking conventional relationships. These apps have added features to accommodate other preferences, but their core user base remains people looking for monogamous partnerships. The addition of new categories does not subtract from existing ones. Someone filtering for a specific religion or hobby does not prevent another person from using the same platform without those filters.
What Actually Changed
Two things happened. First, apps built segmentation into their business models because segmentation increases user satisfaction. People find what they want faster when they can specify their preferences. Second, social acceptance expanded for certain relationship types that previously operated in private or faced stigma.
Neither of these developments amounts to a monopoly. They amount to market differentiation and cultural acknowledgment. A person seeking a sugar arrangement and a person seeking marriage can both use apps built for their respective purposes. They are not competing for the same resources.
The Perception Problem
Media coverage tends toward novelty. A story about millions of people using apps to find conventional relationships does not generate engagement. A story about unconventional relationship types generates clicks, comments, and shares. This creates a perception gap between how often something is discussed and how often it actually occurs.
The 4% to 5% practicing polyamory receive disproportionate coverage relative to the 55% who prefer complete monogamy. The coverage is not wrong, but it creates an impression of prevalence that exceeds reality.
Where This Leaves Us
Niche relationships are not monopolizing dating. They are becoming more visible and more accommodated by platforms that benefit from serving specific needs. The majority of people seeking relationships still want conventional arrangements, and they still find them through the same channels.
The dating world is larger than it was before. It contains more explicit options. It allows people to state preferences that once required inference or luck. None of this constitutes a takeover. It constitutes an expansion. The space for one type of relationship did not shrink to make room for another. The total space grew.
Features
Matthew Lazar doing his part to help keep Israelis safe in a time of war
By MYRON LOVE It is well known – or at least it should be – that while Israel puts a high value of protecting the lives of its citizens, the Jewish state’s Islamic enemies celebrate death. The single most glaring difference between the opposing sides can be seen in the differing approach to building bomb shelters to protect their populations.
Whereas Hamas and Hezbollah have invested untold billions of dollars over the past 20 years in building underground tunnels to protect their fighters while leaving their “civilian” populations exposed to Israeli bombs, not only has Israel built a highly sophisticated anti-missile system but also the leadership has invested heavily in making sure that most Israelis have access to bomb shelters – wherever they are – in war time.
While Israel’s bomb shelter program is comprehensive, there are still gaps – gaps which Dr. Matthew Lazar is doing his bit to help reduce.
The Winnipeg born-and raised pediatrician -who is most likely best known to readers as a former mohel – is the president of Project Life Initiatives – the Canadian branch of Israel-based Operation Lifeshield whose mission is to provide bomb shelters for threatened Israeli communities.
Lazar actually got in on the ground floor – so to speak. It was a cousin of his, Rabbi Shmuel Bowman, Operation Lifeshield’s executive director, who – in 2006 – founded the organization.
“Shmuel was one of a small group of American olim and Israelis who were visiting the Galilee during the second Lebanon war in 2006 and found themselves under rocket attack – along with thousands of others – with no place to go,” recounts Lazar, who has two daughters living in Israel. “They decided to take action. I was one of the people Shmuel approached to become an Operation Lifeshield volunteer.
Since the founding of Lifeshield, Lazar reports, over 1,000 shelters have been deployed in Israel. The number of new shelter orders since October 7, 2023 is 149.
He further notes that while the largest share of Operation Lifeshield’s funding comes from American donors, there has been good support for the organization across Canada as well.
One of the major donors in Winnipeg is the Christian Zionist organization, Christian Friends of Israel (FOI) Canada which, in September, as part of its second annual “Stand With Israel Support” evening – presented Lazar and Operation Lifeshield with a cheque for $30,000 toward construction of a bomb shelter for the Yasmin kindergarten in the Binyamina Regional Council in Northern Israel.
Lazar reports that to date the total number of shelters donated by Friends of Israel Gospel Ministry (globally) is over 100.
Lazar notes that the head office for Project Life Initiatives is – not surprisingly – in Toronto. “We communicate by telephone, text and Zoom,” he says.
He observes that – as he is still a full time pediatrician – he isn’t able to visit Israel nearly as often as he would like to. He manages to go every couple of years and always makes a point of visiting some of Operation Lifeshield’s projects.
(He adds that his wife, Nola, gets to Israel two or three times a year – not only to visit family, but also in her role as president of Mercaz Canada – the Canadian Conservative movement’s Zionist arm.)
“This is something I have been able to do to help safeguard Israelis,” Lazar says of his work for Operation Lifeshield. “This is a wonderful thing we are doing. I am glad to be of help. ”