Serious investment thinking that doesn’t take itself too seriously.
The superforecasters of the Good Judgement Project believe there is a 93% probability we will have an FDA-approved vaccine in a year, and enough of it to inoculate 25 million...
Balance sheets show the trade-off between resilience and optimisation % of companies with net cash Source: CLSA, Factset as at 21 April 2020 As we highlighted last month,...
US Companies are paying shareholders more than they can afford Dividends and buybacks have exceeded free cash flow levels since 2013 Source: Capital Group. Universe is made up of...
The percentage of unprofitable companies listing on public markets has never been higher. Percentage of US IPOs which are loss-making This is the year of the tech unicorn IPO. So...