Sat.Feb 11, 2023 - Fri.Feb 17, 2023

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Buy & Hold is Dead, Long Live Buy & Hold

A Wealth of Common Sense

As a staunch proponent of thinking and acting for the long-term as an investor, the following chart from Ben Laidler at eToro cuts deep: The average holding period for an individual stock in the U.S. is now just 10 months, down from 5 years back in the 1970s. The average mutual fund holding period is longer at two-and-a-half years but that still feels way too low for my taste.

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Adani halts $847mn acquisition of coal-fired power plant in India

Financial Times M&A

Decision is sign of spending slowdown by conglomerate in wake of short seller attack

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M&A Sell-Side Transactions: A Roadmap for Researching and Identifying Likely Acquirers

Private Equity Info

When I launched Private Equity Info in 2005, I sought to provide the Investment banking industry with a solution to generate targeted buyer lists for their clients' companies quickly. But, of course, the key word is "targeted." As an Investment Banker, I knew there was a better way to manage an M&A process and to identify the best opportunities from the thousands of potential acquirers.

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U.S. Stock Market Returns Over Rolling 1/5/10/20 Year Periods

The Big Picture

Source: The Measure of a Plan The post U.S. Stock Market Returns Over Rolling 1/5/10/20 Year Periods appeared first on The Big Picture.

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10 Years of A Wealth of Common Sense

A Wealth of Common Sense

I started A Wealth of Common Sense 10 years ago. Before ever hitting the publish button on my first piece, I created a list of topics and blog posts to write about. Based on that list I thought this blog might last 6 months max. I certainly didn’t think I would still be writing on a regular basis a decade later. And never in my wildest dreams did I think starting a blog would completely change my career trajectory a.

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China’s top tech dealmaker Bao Fan goes missing

Financial Times M&A

Investment bank China Renaissance says it has been unable to contact its founder

More Trending

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WFH vs RTO

The Big Picture

Do you want to continue working from home? Is it past time to return to the office? How much collaboration can you do remotely? How much screen time are you wasting in the office? This has become a contentious debate between senior management at large companies and their staffers; it is especially true for younger employees. As always, there are much broader factors driving this issue than what appears on the surface.

Returns 122
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Fighting the Last Bull & Bear Market

A Wealth of Common Sense

Here is a headline about what happens after a bull market: And here is a headline about what happens after a bear market: Both of these pieces were written by the Wall Street Journal’s Jason Zweig. The bull market piece about ARK came out a little more than a year ago not long after the fund had seen spectacular returns. The bear market piece about covered calls came out this past week after that strategy outperfo.

Funds 142
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Son of former Qatari PM bids to buy Manchester United from Glazers

Financial Times M&A

Sheikh Jassim bin Hamad Al Thani makes debt-free offer for 100% ownership of Premier League club

Bidding 98
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This Week on TRB

The Reformed Broker

It was a wild and wonderful week in stock-land and we covered pretty much everything that happened across all the firm’s blogs and shows. We know you can get your news and insights about the market from anywhere, so we appreciate that so many of you turn to us for all the breakdowns and write-ups. If you haven’t been reading Nick, Ben and the rest of the gang lately, you’re missing some amazing stuff.

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Alien Invasion!!!

The Big Picture

Over the weekend, a NATO general was asked by a bright-eyed reporter whether or not the various flying objects that were being shot down might be aliens visiting from elsewhere in the galaxy. His throwaway response of “ We don’t rule anything out ” was sufficiently ambiguous to set the conspiracy theorists atwitter. “Of course, they dropped this during the Superbowl, when no one’s paying attention,” was the LOL tweet.

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Can We Get a Bubble with Higher Interest Rates?

A Wealth of Common Sense

A reader asks: So I work in Tech at a company whose name ends in dot ai and there is all this talk of the AI bubble and how VCs have quickly moved from Crypto to AI, not to mention all the buzz around ChatGPT. Question is – can you have a bubble in a high rate / rising rate interest environment or do we need low rates / easing Fed as a precursor to any bubble?

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Binance chief says it will pull back on US investments for now

Financial Times M&A

Crypto exchange’s decision comes as SEC and other regulators take aim at prominent companies in the sector

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UK fund manager Osmosis wins $4.5bn green transition investment mandate

Financial Times: Moral Money

Contract awarded by Dutch pension fund Pensioenfonds PGB is one of the biggest ESG mandates

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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • It’s a Richcession, Not a Recession. Most economic downturns hit lower-income Americans hardest, but this time is different. The stock market’s winners and losers will be different too. Here’s your investing playbook. ( Wall Street Journal ) • From Math Camp to Handcuffs: FTX’s Downfall Was an Arc of Brotherhood and Betrayal : Gary Wang and Sam Bankman-Fried are offering dueling accounts of the FTX fiasco and of who’s ultimately to blame. ( Bloomberg ) s

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Talk Your Book: Bitcoin Doesn’t Know It’s Price

A Wealth of Common Sense

Today’s Talk Your Book is presented by Fidelity Digital Assets: On today’s show, we are joined by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss crypto in 2022 and what to look ahead for in 2023. On today’s show, we discuss: A sentiment check in Crypto How Bitcoin miners work 2022 headwinds for Bitcoin Value propositions of Bitcoin Transaction volume in Crypto Cyclicality within digital.

Assets 103
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BTS agency Hybe in battle of the K-pop bands with Kakao

Financial Times M&A

South Korean media rivals compete for control of SM Entertainment agency

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Sustainability bond market stumbles as investors get picky

Financial Times: Moral Money

Issuance of debt that aims to hold companies to climate pledges has fallen amid ‘greenwashing’ concerns

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • How HBO’s creatives survived corporate chaos Authors Felix Gillette and John Koblin explain how your favorite shows kept HBO afloat. ( The Verge ) • What is ChatGPT and why does it matter? Here’s everything you need to know : This AI chatbot’s advanced conversational capabilities have created quite the buzz.

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The 83b Election

A VC: Musings of a VC in NYC

First and foremost, this is not tax advice. I am not a tax advisor and you should never take anything you read here as tax advice. If you read something here that makes you think you should take some tax-related action, please always consult your tax advisor. With that disclosure out of the way, I would like to talk about 83b elections. An 83b election is a choice a taxpayer can make to pay the taxes in full at the time of the grant of an asset that vests over time and would otherwise be taxed a

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Berkshire Hathaway cuts Activision stake as Microsoft deal flounders

Financial Times M&A

Warren Buffett’s conglomerate bet big on takeover that has encountered regulatory pushback

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New EU law ratchets up corporate deforestation risk

Financial Times: Moral Money

Plus, a look inside the stuttering sustainability-linked bond market

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • How State Street Has Used AI to Find ‘Hidden Gems’ Since 2018 : Natural-language processing used in stock picking: Bartolini Wanted something forward-looking, dynamic, he says of the ETF. ( Bloomberg ) • What Recession? Some Economists See Chances of a Growth Rebound. The Federal Reserve has raised rates rapidly.

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Connect better with a powerful question and stories

Million Dollar Round Table (MDRT)

By Ryan Avery What do you think is the best question you’ll ever ask anyone? It’s “How did you get started?” This question is so powerful because it prompts people to tell their stories, and we connect through stories. You find that instant connection, and you say, “Oh, me too.” To continue to build that connection, develop some stories that you can share as well.

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Toshiba: earnings shock increases the chances of a buyout deal

Financial Times M&A

The Japanese conglomerate’s tainted image makes it ripe for acquisition

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A war for climate talent is hotting up

Financial Times: Moral Money

Financial firms are targeting sustainability specialists ahead of new rules on greenwashing and environmental risk

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10 Wednesday AM Reads

The Big Picture

My mid-week morning train WFH reads: • All Markets Are Uncertain : The Forecasters’ Hall of Fame Has Zero Members: In any given year, someone, simply due volume of forecasts, is “right”. I have yet to see anyone who can repeatedly, accurately forecast market outcomes. What we can say, with all certainty, looking backward, is that the S and P (and virtually every other market) has inexorably risen.

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Break a slump by establishing momentum

Million Dollar Round Table (MDRT)

By Mike Beirne, MDRT Round the Table editor At some point in their careers, advisors hit a slump. So how do you get out of this rut? An MDRT member shares what he did to rebound. Steven Yam Seng Yee, CIAM, ChFC, a 26-year MDRT member from Singapore, recalls a slump when he was only halfway toward requalifying for MDRT with two months left in the year.

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US fintech FIS to spin off Worldpay payments business

Financial Times M&A

Planned split calls time on merchant solutions arm 4 years after being acquired in $43bn deal

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The seeds of a shareholder revolution

Financial Times: Moral Money

Plus, misconduct claims at Activision

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Rudy Then and Rudy Now : None of his doofus mishaps endear him to his detractors. His toxicity levels are too high. When Giuliani was revealed as a mystery contestant on Fox’s The Masked Singer, one of the judges, Ken Jeong (Knocked Up, the Hangover movies), walked off the set in disgust.

Taxes 111
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5 ideas for a more productive year

Million Dollar Round Table (MDRT)

By Antoinette Tuscano, MDRT Content Specialist Don’t wait to evaluate your performance. Instead, start early in the year to think about how you can improve in the upcoming months to create a successful year. Here are a few ideas from MDRT members and other experts on how to keep getting better. 1) Review goals weekly Don’t wait until the end of the year to review your goals, because it could be too late by then, said 19-year MDRT member Ravi Pahlajrai Rajpal from Mumbai, India.

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Tikehau wins €400mn investment from two of the families behind AB InBev

Financial Times M&A

Funds will fuel next stage of €38bn alternatives manager’s international expansion

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Next-Level Tech: A Conversation with Shauna Mace | Hubly

Hubly

We sat down with SEI's Shauna Mace to talk building a next-level advisortech stack

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