Sat.May 20, 2023 - Fri.May 26, 2023

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Healthcare data provider Medisolv snags investment from BVP Forge

PE Hub

The investment will be used by Medisolv to accelerate its growth. The post Healthcare data provider Medisolv snags investment from BVP Forge appeared first on PE Hub.

Investing 210
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The Stock Market is Not a Casino

A Wealth of Common Sense

A reader asks: Ben showed the numbers for U.S. stock positive returns over the long-term. How does the data look for global ex-U.S. performance? Fair question. Here is the data I showed in a recent blog post: Since 1926, the U.S. stock market has experienced positive returns: 56% of the time on a daily basis 63% of the time on a monthly basis 75% of the time on a yearly basis 88% of the time on a 5 year basis 95% of th.

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The First Rule of Dunning Kruger…

The Big Picture

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

Financing 128
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Nvidia Breaks Away

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

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Generative AI in your dealflow; TA backs healthtech; family office survey

PE Hub

TA invests in Alpha II. The post Generative AI in your dealflow; TA backs healthtech; family office survey appeared first on PE Hub.

Investing 201
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Is an AI Stock Market Bubble Inevitable?

A Wealth of Common Sense

As of Wednesday’s close, NVIDIA had a market cap of $755 billion. Just one day later, the chipmaker sported a market cap of $939 billion. That one day gain of $184 billion itself is bigger than the market caps of companies like Nike, Comcast, Disney and Netflix. It’s hard to believe this is a stock that had lost two-thirds of its value from all-time highs during the tech wreck last year: Those losses have all.

More Trending

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Qinetiq on hunt for acquisitions as orders at record on global tensions

Financial Times M&A

UK defence tech group specialising in robotics and laser weapons reports 33 per cent in underlying profits

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Amulet scoops up Alliance Clinical Network

PE Hub

ACN will continue to be led by founder and CEO Anthony Abey, who will retain a significant ownership stake in the business. The post Amulet scoops up Alliance Clinical Network appeared first on PE Hub.

Stakes 197
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The Stock Market Usually Goes Up (But Sometimes it Goes Down)

A Wealth of Common Sense

The Financial Times had a story this week about Carl Icahn’s bets against the stock market that went awry. Since 2017, Icahn has been positioning part of his portfolio for a huge crash. It cost him nearly $9 billion over the past 6 years. Sounds like a lot. Here’s what he told the Times: “I’ve always told people there is nobody who can really pick the market on a short-term or an intermediate-term basis,�.

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The War on Poverty Is Over. Rich People Won. The sociologist Matthew Desmond believes that being poor is different in the U.S. than in other rich countries. How is poverty different in America than in its peer countries? Matthew Desmond: We have more of it. We have double the child-poverty rate of Germany and South Korea.

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Shearman/A&O: legal megamerger would be more huddle than cuddle

Financial Times M&A

The firms may need each other so much that they have to combine

Legal 109
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Shutterstock picks up Giphy; Baird backs Freemarket; MSCP shares Ovation growth strategy

PE Hub

Baird Capital invests in fintech platform Freemarket. The post Shutterstock picks up Giphy; Baird backs Freemarket; MSCP shares Ovation growth strategy appeared first on PE Hub.

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Talk Your Book: Streamlining Alternative Investments

A Wealth of Common Sense

Today’s Talk Your Book is presented by GLASfunds: On today’s show, we are joined by Brett Hillard, CIO of GLASfunds to discuss revolutionizing the alternative investment process for advisors. On today’s show, we discuss: The GLASfunds origin story Issues advisors have investing in privates and alts The fund manager due diligence process How the GLASfund fee works for advisors Getting advisors comfortable with.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Forgotten Titanic of the Pacific: A tale of disaster, survival, and ghosts. A person prone to superstition might be forgiven for thinking that the Valencia was cursed. Built in 1882, the ship was fired upon the following year near the island of Curaçao, and again four years later, this time by a Spanish warship just off the Cuban coast.

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The Freedom To Innovate

A VC: Musings of a VC in NYC

Back in 2014, USV got subpoenaed by the New York State Department of Financial Services (DFS) over our web3 investing activities. We hired a law firm, answered the subpoena, and that ultimately landed me in public testimony in front of the DFS staff. In my testimony, I explained to the DFS staff that the difference between the US and China is that the US respects the freedom to innovate: REMINDER: ANYTHING THAT CHINA BANS, INVEST IN!

Law Firms 107
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Aquiline Capital and ADIA back software firm Fullsteam

PE Hub

Aquiline will remain as the lead investor in Fullsteam and ADIA will become a significant minority investor. The post Aquiline Capital and ADIA back software firm Fullsteam appeared first on PE Hub.

Capital 190
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How to Live a Rich Life

A Wealth of Common Sense

I think one of the reasons it’s so difficult for many people to work out regularly is that it can be an overwhelming experience if you’ve never done it before. The first step is often the hardest because no one teaches you how to work out. All of those machines and weights look daunting the first time to step foot in a gym. I was lucky on this front.

Financing 108
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SUPD: Debt Ceiling & Inflation

The Big Picture

I joined Pete Dominick to discuss the Debt Ceiling, Inflation, markets, and more. I pop into the pod around the 30-minute mark. (Before that, Pete discusses how his teenage daughter got scammed out of $5k by a fake border police grift, and why there is a sort of happy ending). We also discuss my thesis of the “ Disloyal Opposition ” as it applies to Debt Ceilings, fiscal stimulus, and even vaccines.

Debt 116
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Why Vice’s bankruptcy is a warning on private equity investment

Financial Times M&A

Plus, the battle heats up between Icahn and Illumina and Cayman Islands defends itself as a go-to for the super-rich

Investing 102
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M/C Partners invests in communications and managed services provider Celito

PE Hub

Danny Bottoms serves as CEO of Celito. The post M/C Partners invests in communications and managed services provider Celito appeared first on PE Hub.

Investing 188
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UK fund giant L&G bets on Ecuador’s Galápagos debt experiment

Financial Times: Moral Money

Britain’s biggest asset manager buys $250mn of bonds in a sign of growing investor interest in debt-for-nature swaps

Debt 98
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Foul Mood?

The Big Picture

This week saw the release of the Fed’s big annual research report, Economic Well-Being of U.S. Households in 2022. It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Peter Coy fleshes out lots of the details here: “ Unemployment Is Low, But So Is the National Mood.” He notes: “The Fed report is consistent with ot

Banks 115
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Lufthansa agrees to pay €325mn to take 41% in Italy’s flag-carrier

Financial Times M&A

A southern hub will allow German group to tap lucrative transatlantic market and optimise European flight schedules

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OpenGate-backed Duraco scoops up coating technologies manufacturer Strata-Tac

PE Hub

Duraco is a manufacturer of specialty materials including pressure sensitive tapes and labels, coated films, and release liners. The post OpenGate-backed Duraco scoops up coating technologies manufacturer Strata-Tac appeared first on PE Hub.

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Shell investors and climate activists revolt over energy transition

Financial Times: Moral Money

Chief executive Wael Sawan faces critical questions as protesters disrupt annual meeting

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10 Thursday AM Reads

The Big Picture

My morning train WFH reads: • Debt-Ceiling Fight Sends Investors Hunting for New Havens : Traders worried about a potential U.S. default are swapping their go-to safe haven for the bonds of America’s top-rated companies. Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. Treasury bills that will mature over the next several months while paying a premium to buy debt issued by Microsoft and Johnson & Johnson, two of the highest-rated U.S. c

Debt 105
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Germany’s Bundesliga shows red card to private equity money

Financial Times M&A

Plan to sell stake in league’s media rights fails to secure two-thirds majority from clubs

Stakes 98
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THL-backed Intelligent Medical Objects buys healthcare data analytics firm Melax Tech

PE Hub

IMO is a provider of clinical terminology management and data quality solutions for healthcare. The post THL-backed Intelligent Medical Objects buys healthcare data analytics firm Melax Tech appeared first on PE Hub.

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European asset managers take on McDonald’s over antibiotics

Financial Times: Moral Money

Legal & General and Amundi say antimicrobial resistance poses a wider economic threat

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10 Friday AM Reads

The Big Picture

My 3-day weekend morning reads: • Adidas After Yeezy : The partnership with Ye, formerly known as Kanye West, was the stuff of sneakerhead legend—and its demise has the shoe company scrambling to replace nearly half of its profits. ( Businessweek ) • What US Cities Pay the Most (and Least) for Everyday Jobs : From accountants to nurses to data scientists, the same job can deliver about 50% more pay if you’re willing and able to relocate. ( Bloomberg ) see also How some people get away with doing

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The race to replace Morgan Stanley’s James Gorman

Financial Times M&A

Plus, Swedish games group Embracer gets burnt by a failed partnership and Alphaville goes behind the scenes of a Caribbean website’s Credit Suisse scoop

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Tower Arch Capital recruits Lang as business development VP

PE Hub

Most recently, Lang worked at New State Capital Partners where she worked in business development sourcing investment opportunities. The post Tower Arch Capital recruits Lang as business development VP appeared first on PE Hub.

Capital 183
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Insurers told to up their game on race

Financial Times: Moral Money

Shareholders pile on the pressure at annual meetings

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6 Items to Put on Your Estate Plan Checklist

Integrity Financial Planning

An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. It is essential to create an estate plan to ensure that your family and loved ones are taken care of in the event of your passing. Here are the basic components of an estate plan: Will : A will is a legal document that outlines how you want your assets and property to be distributed after your death.

Legal 95