Hints and tips:
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...cash-pay; d) something else....
...But otherwise, give me a V-sweet C-suite job any time. As if anyone would....
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...$1.5bn to c.$1.2bn....
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...Housed in the Unité d’habitation — the most famous of the Swiss-French architect’s modernist housing developments throughout Europe — the 21 bedrooms are a monument to a modernist utopia that might have...
...From S&P’s definitions: A short-term obligation rated ‘D’ is in default or in breach of an imputed promise....
...I’d want to see comparisons of leadership today to financial performance a decade hence. A single financial measure is not nearly enough, and operating margins are a particularly bad choice....
...The S&P 500 is within a per cent or two of taking out the all-time high it set in late 2021. Most bond funds are likely to end the year with gains, too....
...US flexible offices group WeWork was recently downgraded to CC, one notch above a C rating. A C signals a default may be imminent....
...P Soleil d’Or gives bright yellow berries on red stems, and P rogersiana Flava has glossy yellow fruits....
...I’d sooner watch 10 films by Roman Polanski than a single Marvel film. (OK, that’s a slight untruth, because I love some Spider-Verse.)...
...They are probabilistic bets on successful R&D: most of the time your investment goes to zero, but occasionally you’ll get a massive outsized return....
...show (c) house prices will fall before long (d) banks will have to backfill the hole higher rates have opened in their balance sheets and (e) higher rates will make current levels of fiscal largesse impossible...
...Turn on the CNBC television channel around mid-March and you’d hear things like: “The highest probability of a crash or a drawdown in the next 60 days since Covid.”...
...If a weak yen were propelling the economy lately, we’d expect manufacturing exporters to benefit. But manufacturing PMIs are in (mild) contraction territory, at 49.8....
...That is half a million barrels a day more than today — and 140,000 b/d more than forecast a year ago....
...You do the S&P 500 questions. Alexandra Scaggs The S&P is a multinational index. Robin Wigglesworth Yes. Alexandra ScaggsI take no responsibility for whether this is right or not. OK, so 497....
...Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies....
...We Need to Talk About Inflation: 14 Urgent Lessons from the Last 2,000 Years by Stephen D King (Yale) Until recently, central banks were worried that inflation was too low....
...A lobbyist is not a C-suite position....
...So let’s say we think there is a 75 per cent chance estimates come down significantly. That renders 37 per cent probabilities for A and B, and 13 per cent for C and D....
...a free cooked meal. burberry.com; onsideyouthzones.org P is for Pink PonyRalph Lauren’s Pink Pony was set up in 2000 to ensure access to cancer treatment is available to everyone at an early stage....
International Edition