Below you find the most interesting investment-related content and thought-provoking articels I stumbled about in the recent past.
(includes: FAANG, Microsoft, universal basic income, Intuitive Surgical, Heico, PayPal, Allianz, Bayer, SAP, Multiples)
- Prof. Galloway with a post outlining why FAANG + Microsoft will further dominate their industries (and the S&P)
- Joachim Klement on Investing
- explaining universal basic income listing some arguments and argueing why UBI does not help the poor
- with a post about patience, savings and happiness
- In times of crisis, it really does pay to have a long-term active strategy for ACATIS, buying Intuitive Surgical, Heico, PayPal, Allianz, Bayer, SAP
- Michael Mauboussin (investment theorist @ Morgan Stanley) with a paper stating that the corona virus might have brought us a market for stock pickers to shine
- Prof. Damodaran explaining multiples again, this time
- explaining current pitfalls
- and general rules using them
- Forager with its Value Case for Uber Technologies, explaining its rational for its Uber investment
- the opportunity might exist because investors perceive todays Uber as the three-years-ago-Uber (unprofitable, without a path to profitability, PR disasters, involved in many unprofitable foreign markets as non-dominant player)
- Oil futures turning negative was a novelty for financial markets, limited storage capacity was a reason as demand fell off a cliff and production cuts did not follow suit. The nearest futures could turn negative again.
The Economist 
The Economist 
- Collaborative explains the Origins of Greed and Fear
- The Economist about dividend payouts and stock buy backs
- US companies favor buy backs much more than their European peers
- if I believe a company to be undervalued I love them buying back their stock, since (i) it is more tax efficient for me and (ii) they automatically buy their undervalued shares in many small bits
Best and happy investing, s4v
