Risk Capital and Markets: A Temporary Retreat or Long Term Pull Back?
As inflation has taken center stage, markets have gone into retreat globally, and across asset classes. In 2022, as bond rates have risen, stock prices...
A Follow up on Inflation: The Disparate Effects on Company Values!
In my last post, I discussed how inflation's return has changed the calculus for investors, looking at how inflation affects returns on different asset classes,...
In Search of a Steady State: Inflation, Interest Rates and Value
The nature of markets is that they are never quite settled, as investors recalibrate expectations constantly and reset prices. In most time periods, those recalibrations...
Elon’s Twitter Play: Valuation and Corporate Governance Consequences
I am not a prolific user of social media platforms, completely inactive on Facebook and a casual lurker on LinkedIn, but I do use Twitter...
ESG’s Russia Test: Trial by Fire or Crash and Burn?
My views on ESG are not a secret. I believe that ESG is, at its core, a feel-good scam that is enriching consultants, measurement services...
Russia in Ukraine: Let Loose the Dogs of War!
As the world's attention is focused on the war in the Ukraine, it is the human toll, in death and injury, that should get our...
Data Update 5 for 2022: The Bottom Line!
The proverbial bottom line for success in business is the capacity to deliver profits, at least in the long term. Even though we live in...
Back to Earth or Temporary Setback? Revisiting the FANGAM Stocks
It has been a rocky year so far, in 2022, with worries about inflation competing with hopes about recovery for the market's attention. In the...
Data Update 4 for 2022: Risk = Danger + Opportunity!
In the first few weeks of 2022, we have had repeated reminders from the market that risk never goes away for good, even in the...