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Related Special Reports
...This article has been amended as Stripe had initially indicated it had turned cash flow positive for the first time....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...“I am the most vocal, and I would say also ruthless leaders, when it comes to telling my team that it’s nice to go to our clients and tell them they have to change, but we have to change BCG just as much...
...Flows to actively managed ETFs were boosted by the launch in January of 10 spot bitcoin ETFs, which are classed by Morningstar as active vehicles....
...ESG investing “appears to be going through a period of existential crisis as flows, while still positive in absolute terms, dwindle as a proportion of total flows, particularly within equity”, Garcia-Zarate...
...The increase in flows coincides with a rise in defence spending by European governments that many in Europe and the US have decried as being too slow....
...“I should have done some work on Apple,” he lamented on CNBC’s Squawk Box last year....
...Forty-nine per cent of the ETFs that reduced fees in 2022 experienced increased net flows in 2023, Ignites Europe analysis of Morningstar data finds....
...The profit metric I prefer to use for tech companies is what I call “true free cash flow”, which is operating cash flow minus capital expenditures and stock-based compensation (stock comp becomes a cash...
...I don’t know if I said that earlier. But really, it’s that pricing power, which is a combination of headline prices and discipline around discounts....
...They send their market orders to us not because they’re getting some pernicious conflicted like rebate or payment for order flow, it’s bull(expletive)....
...As I think about it more, I wonder whether this is the wrong question....
...“I think EM flows [from outside China] may have been obscured recently with the outflows from China masking the inflows into India and other countries,” he said, adding: “China seems to be less negative...
...That helped power total flows into ETFs in the quarter to $67bn....
...“I think the prospect of a soft landing actually coming true really resonated with investors for the first time last month,” said Morningstar analyst Ryan Jackson....
...“If I said for example that we are going to quit the business, investors may face the risk of losses....
...“But the one thing I’ve always had is deal flow.”...
...I mean, sure, private equity dudes care, but should the rest of us?...
...Bitcoin has fallen 16 per cent from its all-time high last week, as the investor flows into new stock market funds that had driven a huge rally this year go into reverse....
...Given it had only just begun to report positive free cash flow, this was a bold claim. But annual free cash flow of $3.4bn in 2023, up from $390mn the previous year, suggests he may be right....
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...Information about return on capital and free cash flow growth are both required, just for starters....
...It has compounded free cash flow at more than 50 per cent a year. The only possible response to this is awe....
...It is an honest sport that ultimately comes down to your flow; the way you cut your body through water, trying to disrupt its surface as little as possible, almost as if you’re not even there....
...I think Cathie Wood said it best. Like really, we should be thought of as an AI or robotics company....
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