seems he prefers Risk & WarhammerAnd with the Natural Gas price in Europe going more vertical than a meme stockShouldn’t we all buy Energy ETFs and get some exposure?No no, that’s 1st order thinkingWhat do you mean?Well, you know last quarter when the US natural gas price ran from $3.81 to $6.07YesWell, lots of nat … Read on
$334bn in total AUM Wow, investors are hungry for this so took a “deep dive” into the largest – $22bn iShares ESG Aware MSCI USA “composed of U.S. companies that have positive environmental, social & governance characteristics as identified by the index provider” “.. that applies the following business involvement screens: civilian firearms, controversial weapons, … Read on
while $100 invested in a Chinese darling like BABA and Tencent, both rated “BUY” by over 90% of analysts & forecast to grow earnings forever & beyond, would fall to $77 and $81 respectively In 3 months I think you may have sent me a get-well-soon card and muttered “some people just don’t want to … Read on
I know of two economists who backed Brexit as a sensible economic idea, but the vast majority thought it was utter madness In June 2021, the FT reported, “UK exports of food & drink to the EU dropped by almost half in the first three months of 2021 due to the impact of post-Brexit trade … Read on
Oh, you don’t agree because you “believe in crypto” or have “made a fortune” Well, I’m certain you’ll find all the victims caught up in the 14 bitcoin hacks and frauds I’ve listed below, also “believed in crypto” – but I’m guessing their faith is now shattered and thought they’d “made a fortune” – until … Read on
Grew? I thought you were a Value guy I am And we want growth we just don’t want to pay too much for it What’s with the EBITDA reference, I thought you don’t like that metric? I don’t really Because companies with a huge & unaffordable interest bill can look great with Earnings BEFORE Interest… … Read on
One was GE, led by the late Jack Welch, who had just published a book, “Jack: Straight from the gut” about his “career running one of the largest and most successful corporations” The stock sold at 15x earnings – seemed fair value for a “wonderful business run by brilliant management” Cash from operating activities of … Read on
It’s like them investing in a 0% IRR project – they give the money away and get nothing in return No, you’re “rewarding” shareholders with a share of the profits The person who bought the share the day before the Record date doesn’t need rewarding But what about the retirees and funds that need the … Read on
Their Return on Equity is over 42% I know, I wish we had held onto it longer, but it got too expensive for us Anyway that’s ok, I’m sure our clients all hold Microsoft via their other Passive and Active funds and so we’re diversifying their exposure – no point in all their funds owning … Read on
1. They manage risk2. They are open to changing their mind But don’t take my word for it, listen to them RISK Paul Tudor Jones – “Risk control is the most important thing in trading.” Sam Zell – “Never risk what you cannot afford to lose.” George Soros – “It’s not whether you’re right or wrong, but … Read on