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...
About Duncan MacInnes
The Fund Manager
When just in time becomes just in case
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,...
The Fund Manager
The Green Line: How Corporate America stole its own future
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 Fund Manager
The Green Line: A 21st century fairy tale
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...