Markets
Smarter Environmental, Social and Governance Investing
Environmental, social and governance (ESG) investing, an investing strategy that considers factors such as carbon emissions, supply chain management and business ethics, has become increasingly widespread. According to the U.S. SIF Foundation, one fifth of the total assets under professional... Continue reading...
The Middle Man Lives: Wall Street Equity Underwriting after Spotify’s Direct Public Offering
In 2004, a technology startup looking to raise capital through an Initial Public Offering (IPO) decided to forgo the traditional route, instead using a novel method colloquially known as the “Dutch auction”. Here, investors bid for the stock to dictate... Continue reading...
The Failure of Venture Capital
The nature of venture capital (VC) investment is highly uncertain. When startup investors pick their investments, they may end up with a return anywhere from zero to 50 times what they put in. The National Venture Capital Association reports that... Continue reading...
Philosophy and Strategy in Investing
In the investing world, investors are always trying to find an edge to beat the market. One of the fundamental ways many investors try to find this edge is by deciding between a growth investing strategy or a value investing... Continue reading...
America First, Dollar Second and the Reactionary Federal Reserve
Paul Volcker, former Chairman of the Federal Reserve System, previously wrote that “a nation’s exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports and even the... Continue reading...
Will Exxon Ever Become a Clean Energy Company?
Environmentalists have long been pushing for a transition from fossil fuels to clean and renewable energies. Elon Musk, CEO of Tesla and SpaceX, has said that people are running “the dumbest experiment in history” by continuing to burn oil, coal... Continue reading...
An Evolving Real Estate Future
If I were to ask you to think deeply about your hometown, you would probably remember the fond times that you had growing up in your bustling city, quaint suburb or peaceful countryside. Whether your grocery store was the only... Continue reading...
The Rise of Passive Investment: Is Doing Less Better?
The stock market has always been about using your knowledge and skills to accomplish returns. You buy stocks that you think are undervalued and you short stocks that you think are overvalued, and you either make money if you are... Continue reading...
Does Bigger Really Mean Better?
In 2015, worldwide mergers and acquisitions added up to a record $4.28 trillion worth of deals. These mega-mergers, such as the Dow and DuPont $130 billion deal and the recent $66 billion deal between Bayer and Monsanto, are prominent examples... Continue reading...
Volatility Compression and the Federal Reserve: Dulling the Market’s Price Discovery Mechanism
Hedge funds have been struggling recently. According to CNBC, hedge fund outflows reached $60 billion in June, with the rate of withdrawals increasing. Although the average American might not feel much sympathy for the typical hedge fund manager, the struggling... Continue reading...
