Macro matters:
Wow! "...it will become clear that portfolio management, while obviously important, is a low-value service". What an interesting article on why many portfolio management services may go 'free' in the future. I actually think there is a lot of truth in this article, as with anything it is all about value add...and the internet is a wonderful information source.
So another week awaits of Greek negotiations...
...meanwhile this article takes a different malaise angle: 'Italy is Europe's ticking time bomb' (link here):
...I cannot think why the US dollar might come under pressure (clue: the fading earnings momentum)
Apparently over the last ten years we should have all been buying farmland (and avoiding private equity).
Iron ore creep, creep, creeping back after a very bad run (no wonder the mining stocks are becoming more interesting):
Which stock market in the world is the best performing of the ones that Bloomberg track?
'Brent has risen 7.3 percent this year, helping fuel a 14 percent rise in Saudi Arabian stocks. The Tadawul is the world’s best performing index this year among more than 90 gauges tracked globally by Bloomberg in dollar terms after Russia’s main measure'.
Good oil and related chart by Zero Hedge:
What a fascinating review of The Wolf of Wall Street:
'If we want to live our lives vicariously through a three-hour hedonism fest, then Wolf of Wall Street plays like a grand circus of delightful depravity. One that our giddy love for can be rationalized away as appreciation of a “satire” so subtle as to be non-existent. We get to celebrate it as “great cinema” and then side-step away when the film’s (not its characters’) morality is questioned. After all, we can tell ourselves and others, great art doesn’t have to and shouldn’t be about “good things.”'
Company-related observations:
Great notes from the 2015 Harbor Investment conference here
The Mondelez cookie franchise via Oreo's is the largest in the world:
I am failing miserably on the sleep length recommendations...
Have a good week
Wow! "...it will become clear that portfolio management, while obviously important, is a low-value service". What an interesting article on why many portfolio management services may go 'free' in the future. I actually think there is a lot of truth in this article, as with anything it is all about value add...and the internet is a wonderful information source.
On a similar front, I note this snippet from the FT website:
'Asset managers are set to be paid more than investment
bankers by 2016, according to new research, illustrating a shifting balance in
global capital markets following the financial crisis'.
Meanwhile analysts are pretty terrible too...
So another week awaits of Greek negotiations...
...meanwhile this article takes a different malaise angle: 'Italy is Europe's ticking time bomb' (link here):
And what is the ECB's view of all this? Via @minefornothing: 'Draghi quoted in today's ABC newspaper in Spain on Grexit:
"Please understand that I prefer not to comment at all on this issue" '
Is Putin the richest person in the world with a fortune of around US$200bn? This link lays out why this might be the case...
Meanwhile talking about Russia at the moment its financial markets are a bit of a one tricky pony:
A good chart (and observation) from Robert Main's latest weekly on the US dollar index...
...I cannot think why the US dollar might come under pressure (clue: the fading earnings momentum)
So maybe interesting rate are not going up as quickly as people think:
Apparently over the last ten years we should have all been buying farmland (and avoiding private equity).
Iron ore creep, creep, creeping back after a very bad run (no wonder the mining stocks are becoming more interesting):
Renewable energy is getting cheaper:
Which stock market in the world is the best performing of the ones that Bloomberg track?
'Brent has risen 7.3 percent this year, helping fuel a 14 percent rise in Saudi Arabian stocks. The Tadawul is the world’s best performing index this year among more than 90 gauges tracked globally by Bloomberg in dollar terms after Russia’s main measure'.
Good oil and related chart by Zero Hedge:
What a fascinating review of The Wolf of Wall Street:
'If we want to live our lives vicariously through a three-hour hedonism fest, then Wolf of Wall Street plays like a grand circus of delightful depravity. One that our giddy love for can be rationalized away as appreciation of a “satire” so subtle as to be non-existent. We get to celebrate it as “great cinema” and then side-step away when the film’s (not its characters’) morality is questioned. After all, we can tell ourselves and others, great art doesn’t have to and shouldn’t be about “good things.”'
Useful short article on Alibaba and the SEC with the key conclusion of:
'Based on Alibaba's disclosures, the SEC's request was just
for information, which is relatively common, and in isolation doesn't signal
more to come. It wasn't the dreaded Wells Notice which typically precedes
prosecution'
Why Sky paid up for the Premiership (wisely in my view):
Why Sky paid up for the Premiership (wisely in my view):
'If ExxonMobil chief executive Rex Tillerson really wanted
to, he could snap up BP in a single bite. Of all the UK major’s rivals, Exxon,
the world’s biggest energy company, has the firepower to swallow BP whole'. A thought-provoking read from the FT here.
Meanwhile look at those shorts...smell the squeeze potential!
Great notes from the 2015 Harbor Investment conference here
The Mondelez cookie franchise via Oreo's is the largest in the world:
I am failing miserably on the sleep length recommendations...
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