The size of Bank of America, orTwo Caterpillars, orDeere + American Expresses, orFedex + Heineken + Colgate Palmolive + Yum Brands Sorry, what is? $220bn – the increase in value of Nvidia’s market cap after hours The increase, not the entire value of the next Trillionaire Yes, but it’s because of AI – that’s been … Read on
What would you like me to do when a holding hits fair value? Sell of course And what do you expect our win/loss ratio to be? Well, the data shows that if you win 50% & don’t lose much on the other 50% you’ll pump alpha Agree And when we get it wrong, what should … Read on
But I’ve heard the Value message and think it makes sense, so I’m going to buy an ETF benchmarked to the MSCI World Global Value Index Oh, so you like Real Estate? What? No, I’m very worried about Commercial Real Estate, I think it’s the next “shoe to drop” We agree, but then you should … Read on
Fantastic news, tell me about the results Revenue declined 3% Hang on, inflation is +5% so that’s -8% real Yes, but in “constant currency” terms they grew by 2% That’s nonsense – this is a global business and currencies aren’t constant Imagine a bank reporting “constant interest rates” or an oil company reporting “constant oil … Read on
But Tesla shareholders look likely to get “skewered” today judging by the -8% pre-market move Why? Well unlike James who struggled to provide “one example” to back up his point How many reasons do you want? Revenue increased 24% butCOGS increased by 42%Operating income fell 26%And GAAP EPS fell 24%Free Cash flow of $0.4bn is … Read on
Screamed my Bloomberg newsfeed in red a few minutes ago But:1) Isn’t the war still going on?2) Don’t most people think Europe is a “basket case”?3) And didn’t the September 2022 Bank of America survey find that, “ Fund managers were the most UNDERWEIGHT on European equities EVER”, to quote the Forbes article on the report? YesYes andYes So … Read on
said Senate Finance Committee Chair, Senator Ron Wyden about Credit Suisse’s alleged violation of their 2014 plea deal over “secret accounts” Now I know they don’t use kettles in the US, but if there was ever a case of, “the pot calling the coffee machine black”, this takes the biscuit (or cookie) Because if you’re on the … Read on
Basic Instinct II (seriously…)Superbabies: Baby geniusesWall Street – Money never SleepsJaws II – The RevengeThe Sting IIThe Hangover IIDumb & DumbererPolice Academy Well, there’s a new one more, that hit the theatres last Friday, “European Financial Crisis II – Ghost Protocol” Genre: Fantasy In this movie it appears that: Some “Baby Geniuses” set out to … Read on
The other problem was they only held €4bn in cash against their €52bn of deposits Meaning if only 8% of depositors were worried about their weak capital position and wanted their money back, it was game over Which it was Allied Irish Bank was nationalised and shareholders were diluted to infinity and back Roll forward … Read on
Any guess who said this? “It’s important to note we have a high-quality very liquid balance sheet, which I know there will be lots of questions about; strong capital levels; a seasoned management team, which we experienced navigating challenging markets and adding a lot of new people with deep experience as well; and a consistent focus on our long-term business strategy. So when you … Read on