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
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.
This week Wirecard announced that EUR 1.9 billion of cash is missing. A trip to the company's profit center would have spared investors from suffering a major headache and major losses. The Financial Times put forth a detailed case about Wirecard's red flag-waving accounting practices in its October 2019 article: "Wirecard’s suspect accounting practices revealed," … Continue reading There Is No Substitute For In-Person Due Diligence
F for Fake. No, not the 1973 Orson Welles movie by the same name, but rather deepfakes - one of the scarier AI derivative technologies. Samsung's "Few-Shot Adversarial Learning" models could render a video of you from a single profile photo. Researchers at Samsung's Moscow-based AI research center have developed a "deep convolutional network" capable … Continue reading F for Fake
A conversation with Jonathan Maietta and Jeff Conroy - Chief Scientist at Authentix: