What’s up, folks! After taking a few weeks off to work on a philanthropy event called Spin for Steven, I’m excited to be back to update the blog and add some new content. In addition to regular reading recommendations, I plan to start the podcast for TMCG and also write a few equity research reports. … Continue reading Weekly Reading Recommendations
I saw this chart several months ago. It shows price changes over a 20-year period in various US Consumer Goods & Services, as well as the growth in Wages during that same time period. I can’t really put many of my observations into solid paragraphs, so I’ve listed a few bullet points of my thoughts … Continue reading I keep coming back to this
What’s up, folks. Exciting news for the blog before we get into regular business. Beginning next week, The Most Competitive Game will launch podcast episodes that correspond with weekly readings and a new flavor of blog posts where I dig into a company and provide my own research report. It should be similar to Seeking … Continue reading Weekly Reading . . . and a new podcast?
Is The Fed Managing Stock Market Sentiment? (The Irrelevant Investor) “There are plenty of investors who agree with Josh that the Fed’s real mandate is stable (stock) prices. I don’t know if I buy that, but even if Powell isn’t consciously taking the stock market into consideration when making decisions, is it possible that he … Continue reading What I’ve been reading this week
A Taxonomy of Moats (Reaction Wheel) Three Big Things: The Most Important Forces Shaping the World (Collaborative Fund) “Every current event — big or small — has parents, grandparents, great grandparents, siblings, and cousins. Ignoring that family tree can muddy your understanding of events, giving a false impression of why things happened, how long they … Continue reading Weekly Reading Recommendations
WHAT IF INTEREST RATES DON’T GO TO ZERO? (Roger Montgomery) “Experience tells me that when everyone in the market is pointing in the same direction, that trade is done, and it’s time to turn around and look the other way.” “There is little question that lower interest rates are required to keep companies investing and … Continue reading Here’s what I’ve been reading lately
I first saw this question a few months back in a post on The Reformed Broker. I’m also putting together a presentation on the implications of this for one of my economics courses this semester, so I figure I might as well write about it here. The cost of capital (in the sense in which … Continue reading “What if the cost of capital never rises again?”