In another start-of-the-year ritual, I am preparing to teach my Stern NYU Classes, starting February 1, and you are welcome to come along for the ride. bit.ly/2MYSt6Q
Corporate Finance: bit.ly/3slX4A0
Valuation: bit.ly/35z9TNY
Expensive or cheap? S&P 500’s forward P/E is still hovering near highest since dot com era, suggesting expensive market; but earnings yield is ~2.5% > 10y Treasury yield, suggesting inexpensive market
Confirmation’ is one of the great paradoxes of trading.
Wait for it, and it can be too late; ‘Risk/Reward’ will be diminished.
Anticipate it and it may never happen, and you’re underwater.
That is the ‘The Art of Trading’.
A client asked us to describe our research style. I was unsure at first because i’ve never really thought about it and we don’t adhere to any particular investment style or approach to research. This made me think and this is what we eventually wrote to our client.
Lee Tan, COL financial: locally, domestic investors getting confidence boost from very low interest rates- you won’t make money from deposits today, you also don’t want to long in your money in bonds with low yield- stocks still show better prospects Esp the cheap ones @ANCALERTS
LOOK: Top 20 largest VC transactions in recent years, Voyager Innovations still biggest (from PLDT group), but also in the list is a cleaning startup - Goodwork PH which raised $1.6-M in seed funding this May @ANCALERTS
PH and India will have the “deepest holes to climb out of” in the region due to the extent of the damage done to their economies. To support growth in 2021, Moody's said resuming the infrastructure program will be helpful and will also boost employment in the near-term. @UTradePH
Probably one of the most important charts in markets right now.
China's real rates have climbed to among the highest globally right now.
(... and some still wondering why CNY is on tear lelz)
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