After big market movements, we are eager to look for explanations, fundamental reasons why a stock or stocks collectively moved on that day, but the reality is that a great deal of the price movement on a day-to-day basis has nothing to do with earnings, cash flows or risk. On August 31, this reality was […]
When I started these updates on February 26, 2020, about two weeks after the markets went into free fall, my first six posts were titled "Viral Market Meltdowns", reflecting the sell off across the globe. About half way through this series, I changed the title, replacing the word "meltdown" with "update", as markets turned around. […]
As some of you who have visited my website and read my bio know, I describe myself first and foremost as a teacher, and every semester, for the last decade, I have invited anyone who is interested to join in my classes. In December 2019, when I posted my last invite, I fully expected to be teaching corporate […]
In the midst of chaos and confusion, it is human nature to look for order and for a unifying theory that explains the world. As I have navigated my way through this crisis, I have used data from markets to try to come up with explanations for why markets have rebounded as quickly and as […]
I must confess that when I started these updates in February, I did not expect to be doing them in July, but a crisis is as good a time as any, to learn new lessons and relearn old ones. As the virus makes a comeback, particularly in the United States, it is not surprising that […]
Fear and greed are dueling forces in financial markers at all times, but especially so in periods of uncertainty, when they pull in opposite directions, causing wild market swings and momentum shifts. I think that no matter what your market views are right now, you would agree that we are in a period of intense […]
It has been close to four weeks since my last viral market update, and I could come up with a whole host of excuses for the delay, but the truth is that I have not had much to say that is original, and I am naturally lazy. That said, markets have settled in, mostly with […]
In the weeks since my first update on the crisis on February 26, 2020, the markets have been on a roller coaster ride, as equity markets around the world collectively lost $30 trillion in market cap between February 14, 2020 and March 20, 2020, and then clawed back more than half of the loss in […]
I get a sense that I am approaching the end of this series of weekly posts, or perhaps I am just hoping that it is true, as the COVID crisis continued to play out in markets in the last two weeks, albeit on a more subdued scale and with a more positive twist. In this […]
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of September 18, 2020. The total market capitalization of these 5...
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of September 11, 2020. The total market capitalization of these 5...
“Successful investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.” —...
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of September 4, 2020. The total market capitalization of these 5...
In an SEC 13G filing after the market closed today, Berkshire Hathaway revealed it had reduced its stake in Wells Fargo from 6% down to 3%. It sold 100 million shares of the bank...
I am quoted in this Bloomberg article: “I think this is a definite signal that Berkshire is more likely to examine and pursue potential investments internationally,” David Kass, a professor of finance at the...
In a Berkshire Hathaway press release this evening (Tokyo Japan, 8:30 a.m. August 31, 2020 (JST)), the company revealed it had acquired 5% passive stakes in each of five leading Japanese trading companies. “At...
Today is Warren Buffett’s 90th birthday. Happy Birthday, Mr. Buffett! This blog was launched 10 years ago today on the occasion of Warren Buffett’s 80th birthday. I hope it has been helpful to all...
In this Warren Buffett slide show: Slide 77 — Buffett and Hillary Clinton Slide 78 — Buffett and Bill Gates Slide 79 — Buffett and first Wife Susan Buffett Slide 80 — Buffett and President Obama Slide 81 — Buffett and University of Maryland...
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
CATALIST-LISTED Synagie Corporation is partnering leading computer manufacturers to, among other things, bundle its accidental damage protection solutions and third-party administration services in major government tenders for the supply of laptops and tablets, it said late on Thursday in response to Singapore Exchange (SGX) queries.
THE Health Sciences Authority (HSA) on Friday told The Business Times that it had, in fact, not approved the manufacture and sales of Tritech Group's newly developed cleaning product.
IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly likely, "short of a miracle".
ASCENDAS Reit's manager announced on Friday after trading hours that it is acquiring a suburban office building to be developed at 1 Giffnock Avenue, Macquarie Park, in Sydney, Australia, for A$167.2 million (S$161 million) from Frasers Property Industrial and Winten Property Group.
SINGAPORE shares struggled to advance in the first few minutes of trade on Friday, after ending lower the previous day and with Wall Street posting losses overnight amid doubts on further stimulus by the US Federal Reserve.
FINANCIAL markets around the world recoiled after the US Federal Reserve said it would keep interest rates low, but failed to come up with further stimulus measures.
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