The technology boom of the late 1990’s saw a dizzying number of Initial Public Offerings (IPOs) come to the market, spanning all kinds of business models. Many of these companies were start-ups, and in the absence of earnings, other growth metrics were used. With internet traffic doubling every 100 days, valuations were based on extraordinary […]
CoreWave: The emperor looks grand. Is he wearing clothes? Read More »
One of the best-known consumer brands of the past 50 years might be tempted to update its famous tagline to ‘Just spend it’. In late June the share price of Nike dropped almost 20% after sales disappointed, especially in ‘direct-to-consumer’. This is the second time the company has guided recently to softer sales, with expectations
Why the AI x Pandemic Intersection Should Be on Every Investment Manager’s Radar Read More »
The Arms Race in Tech Stocks – Will we See an Industry Reset? The Arms Race in Tech Stocks – Will we See an Industry Reset? THE ARMS RACE IN TECH STOCKS –WILL WE SEE AN INDUSTRY RESET? “A billion here, a billion there, and pretty soon you’re talking about real money.”Attributed to Everett Dirksen
The arms race in tech stocks – Will we see an industry reset? Read More »
May 2024 ‘Prophesy is a good line of business, but it is full of risks.’ – Mark Twain Welcome to our second letter of 2024. In a meeting recently someone uttered the words, ‘this is the fastest year ever’ and in a moment of reflection, I concluded that not only was it spot on with
Euphoria And Debt Needs Balance Read More »
February 2024 ‘No man ever wetted clay and then left it, as if there would be bricks by chance and fortune.’ – Plutarch Welcome to 2024, a new unwritten chapter that I trust will be full of opportunity and in the words of Jason Mraz “may the best of your todays be the worst of
Words and Ideas Can Change Things Read More »
20 September 2022 “Truths and roses have thorns about them” – Henry David Thoreau With growing concern, in July last year I wrote “I sense a change in the wind is coming. The question is, what is the trigger and when will it manifest itself?” and “the pace of the increase [in yields] is a
It is not all Chocolates and Roses Read More »
This article was originally written and published by Openly Investing. “Ride the horse in the direction that it’s going” – Werner Erhard The title of this document suggests how asset prices are currently behaving depending on which asset class or investment you are looking at. There does appear to be a trend but to say it
July 2021 | Up, down, sideways and a round trip Read More »
This article was originally written and published by Openly Investing. “One may miss the mark by aiming too high as too low” – Thomas Fuller Since our last deliberations surrounding the prospect of negative interest rates in New Zealand, investors have had a plethora of new information to consider. Alongside a resurgence of the pandemic
9 September 2020 | New Zealand And The Spectre Of Negative Interest Rates Read More »
This article was originally written and published by Openly Investing. “I’ve never responded well to entrenched negative thinking” – David Bowie In the corridors of the Reserve Bank of New Zealand (RBNZ), an important discussion is rumbling on to the beat of drums. The topic of these discussions is squeezed into the column inches of
2 June 2020 | New Zealand And The Spectre Of Negative Interest Rates Read More »
This article was originally written and published by Openly Investing. “Between stimulus and response, there is a place where we choose our response” – Stephen Covey The origin of the quote is a little mysterious and it is likely that Stephen Covey’s was not the original but an abbreviation of another. However, to my mind
15 May | COVID-19 & The Budget Update #6 Read More »
