Technology, Capital Markets, Corporate Governance, Leadership, Entrepreneurship
Category: Investing
We believe there will be multiple fiscal stimulus rounds. When one considers the stalled economy, negligible Real GDP growth and high unemployment, it would seem that this $2 Trillion stimulus round under discussion won't be sufficient to satisfy the narrative that Government needs to do more. When one factors in runaway entitlements (table below), it … Continue reading Multiple Fiscal Stimulus Rounds Are Coming. Good News for Equities. Bad News for The Real Economy.
This trend has accelerated since the Federal Reserve embarked on its money printing spree earlier this year. Using Bitcoin as a proxy, it is clear that cryptocurrencies have evolved beyond speculative investment status to become a store of value. There are a fixed number of Bitcoins that may be mined (21 million) which checks one … Continue reading Cryptocurrency Is Starting To Gain Recognition As A Store of Value
For our inaugural CEO Hall of Fame class we selected CEO Hall of Fame members largely based upon their contribution toward building their respective companies as well as creating long-term shareholder value. Our selection process included a variety of quantitative and qualitative elements including financial operating performance, total stock returns, longevity, innovation, corporate governance and … Continue reading The CEORater CEO Hall of Fame Class of 2020
Fraud always spikes during frothy markets. If it feels like we are beating you over the head as it relates to Quality CEOs and CEO Integrity it is because we are. High Quality, High Integrity CEOs are the best preventive measure against getting burned by fraudulent companies. 2020 has delivered massive equity market valuation froth … Continue reading Fraud – A Sign of The Times
Robinhood and other Fintech firms are using Social Media-based principles and tools such as "gamification" software to drive customer growth and usage. Legacy Asset Managers are taking the M&A route. Order Flow Revenue or "Pay-to-Play Revenue" is the revenue that Asset Managers generate from directing equity and options order flow to various trade execution firms … Continue reading Two Different Approaches To Growth: Fintech vs. Legacy Asset Managers
"There is nothing more permanent than a temporary government program" - Milton Friedman. First is was the financial crisis of 2008 that "forced" the Fed to perform unnatural acts. It was at this time that the Fed introduced Quantitative Easing ("QE"). QE was to be a "one-and-done" program. That program remains part of the Fed's … Continue reading Muted GDP Will Force Investors to Become More Selective
The world's most popular Websites are: 1.) Google.com; 2.) YouTube.com; 3.) Facebook.com and 4.) Amazon.com. We also took a snapshot of Website traffic for eight leading FinTech companies. We found this data interesting, but be careful about reading too much into it. Many of these companies operate multiple Android and iOS apps which are the … Continue reading FinTech Companies and Their Website TrafficPremium
IBM plans to spin off the Managed Infrastructure Services business within its Global Tech Services ("GTS") segment (approximately $19B TTM revenue through June 2020). Doing so will provide more air time to the acquired RedHat OpenShift (IBM's "Hybrid Cloud" strategy) and cognitive computing businesses. Post-spin, the growth in these businesses will make a greater revenue … Continue reading New IBM CEO Arvind Krishna Understands the Value of Spin-Offs
The airlines knowingly placed themselves between a rock and a hard place when they decided to gorge on cheap debt for the purpose of funding share buyback plans designed to boost executive compensation. The lack of financial wiggle room is of their own doing. It's time for the airlines to restructure, to shrink capacity to … Continue reading Poor Executive Management Must Be Held Accountable
It is amazing what institutional investors - especially large holders - put up with. Do Portfolio Managers communicate with CEOs any longer? PMs used to speak with management teams to provide feedback around capital allocation decisions, financial disclosures and more. My sense is that less of this interaction occurs today. Below we cover a few … Continue reading Institutional Investors Forgot They Have A Voice. PLUS – Big Tech Regulation.
