Hints and tips:
...There is another problem with the argument that Berkshire produces superior volatility-adjusted returns....
...But the A class shares trade at $634,030 — meaning a single share is worth four times as much as the average 401(k) plan on Vanguard’s numbers. Sure, no splits means missing out on froth....
...New York Community Bancorp, with $115bn or so in assets, is having serious problems, and the broad market (here represented by the S&P 1500) indifferent: Admittedly the regional bank index is underperforming...
...Mandating that carmakers produce more EVs does not guarantee that buyers want them....
...As Peter Campbell laid out in the Financial Times yesterday: The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year . . ....
...But we still don’t understand why the business would produce the increasing returns to scale that many tech companies enjoy. What will make the unit cost of incremental sales fall from here?...
...Shares in DR Horton, Lennar and NVR, which Berkshire disclosed it owned this week, have risen about a third apiece this year, far outpacing the S&P 500 stock index....
...One reader, Michael Kassen, argued that Berkshire’s lower volatility and no-dividend policy create advantages over the S&P: Let’s assume that over the next 10 years BRK and the S&P produce identical returns...
...Glencore, which is the world’s most profitable coal miner, has been facing growing questions from investors about how it will cut emissions while continuing to produce coal....
...still remain largely cheap, with the Kospi index trading at a price-to-book ratio of below one times, compared with two times for Taiwan’s Taiex and Japan’s Nikkei index, and over four times for the US S&P...
...And we should mention that Nikkei Inc, which calculates and publishes the index, owns the Financial Times. Japan’s market bubble burst in the 1980s and has had a slow time recovering....
...When Standard’s second GAF Energy factory opens in 2023, it will produce enough shingles to clad 50,000 roofs a year....
...By 2025, that figure will be below 20 per cent, S&P predicts....
...It’s an important win for activists in Korea Inc., where corporate behemoths including Samsung and Hyundai operate without much interference....
...and Invesco, before jumping ship to benchmarking giant S&P....
...With objective reports from S&P Global showing that around 85 per cent of active managers of US funds focused on large capitalisation stocks underperformed the S&P 500 index over last decade, those concerns...
...And here’s a smart listen: increasing barriers to achieving financial security have led a younger generation of investors to say, “F@$K it”....
...And they have the cash to do it,” said Raoul LeBlanc, vice-president of upstream at S&P Global Commodity Insights....
...The book has technical advice on the weight and structure of containers and covers the horticultural science behind the discipline, such as understanding the Nitrogen: Phosphorus: Potassium (N: P: K) ratios...
...Webtoons, comic strips that are designed to be read on a smartphone, are South Korea’s latest cultural export to break out of Asia after the global success of K-pop superstars BTS and Netflix sensation Squid...
...Delysium / KUROSEMI INC. ??? Orderly ??? Sui Token Warrant ???...
...US law discourages employers from putting ESG funds into 401(k) retirement plans....
...A version of this article was first published by Nikkei Asia on January 3 2022. ©2022 Nikkei Inc....
...The company recorded an operating profit margin of 11.3 per cent — only the fourth time since 1990 that this figure has been in the double digits, according to data from S&P Global....
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