Market’s Mean Reversion, Camus, and Geopolitics
The pricing/mispricing of securities does not simply reflect numbers (earnings, volatility, risks, prospects, economic and financial trajectories, etc.) but rather tell a story. Sometimes this story is about the promises of a brilliant future (“the sector has entered...Growth and Earnings Prospects: The Garden at the Crossroads of Voltaire and Camus
Whether we turn left or right, we see conflicts and tensions everywhere (Middle East, Ukraine, trade, rising yields, etc.). However, the global economy seems to be handling the pressures well and has taken it all in stride. Setbacks are corrected, and the tug of war...Market Peak? Seneca on Developments & Risk-Reward Considerations
Which are the latest developments that shape the markets’ risk-reward trajectory? Let’s review some of them: War and geopolitics Energy (declining stockpiles, rising prices) Inflationary pressures from non-energy sources Rising long-term yields Questions related to...Redefining Market Confusion: Mark Twain and Moby Dick at Black Diamond Bay
Out of the blue, I got a call from a friend yesterday asking: “Can Oracle pay its bills?” The response that jumped out of my mouth was simple: “In today’s financial investment world, investing is like spying: It requires a lot of imagination.” The reason for this...Sign Up for Our Publications
