Mckinsey and Company

JULY 9, 2025

A large share of net flows was directed toward low-margin products such as passives (€316 billion), money market funds (€133 billion), and active fixed income (€321 billion). High-margin asset classes have revenue margins of more than 30 basis points and include alts, active equity and active multi-asset. basis points).

Alpha

Musings on Markets

NOVEMBER 9, 2021

My two most recent valuations were in June 2019 and January 2020, and I am going to go back to them, not just because they are recent, but because they led to investment decisions on my part. In June 2019, Tesla had hit a rough spot, partly due to concerns about production bottlenecks and debt, and partly due to self inflicted wounds.

Start-ups

Reynolds Holding

AUGUST 15, 2022

Suchlevels of activism are comparable to those found prior to the market disruption caused by the COVID-19 pandemic, as reflected in public activist actions in 2019 (76 vs. 75), activist investors taking actions (48 vs. 49), and companies targeted by such actions (69 vs. 64). By the Numbers—2021 Public Activism Trends.

Market Capitalization

Musings on Markets

FEBRUARY 27, 2022

After paying taxes on this income, the residual amount represents net income, the final measure of equity earnings, and the basis for computing earnings per share and other widely used measures of profitability used by equity investors.

Start-ups

Valutico

MARCH 1, 2023

In 2019, the company announced that it plans to reduce its oil and gas output by 40% by 2030. by using the Discounted Cash Flow method, specifically our Flow-to-Equity approach, as well as a Trading Comparables analysis. The Flow-to-Equity analysis produced a value of GBP 102 (USD 123) billion using a Cost of Equity of 7.7%.

Discounted Cash Flow

Musings on Markets

SEPTEMBER 1, 2021

In the graph below, I plot the market capitalization of Chinese listed companies, in dollar terms, and as a percent of market capitalization of all global companies: World Bank Database Chinese equities have risen from a negligible share of global market capitalization, in 2000, to more than 10% of global market capitalization, in 2020.

Market Capitalization

Valutico

NOVEMBER 14, 2022

Despite the staggering profits, TotalEnergies has had to deal with a report published by Greenpeace, where the company was accused of having three to four times higher CO 2 emissions than they have stated for 2019. We analyzed TotalEnergies by using the Flow to Equity method and a Trading Comparables analysis. Valutico Analysis.

EBIT

Valutico

NOVEMBER 14, 2022

Despite the staggering profits, TotalEnergies has had to deal with a report published by Greenpeace, where the company was accused of having three to four times higher CO 2 emissions than they have stated for 2019. We analyzed TotalEnergies by using the Flow to Equity method and a Trading Comparables analysis. Valutico Analysis.

EBIT

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups

Musings on Markets

NOVEMBER 1, 2023

To deliver this growth, I did assume that Tesla would have to invest large amounts of capital in capacity, and that this would create a significant drag on value, resulting in a equity value of just under $10 billion.

Start-ups

Musings on Markets

JANUARY 9, 2021

The second was that, starting mid-year in 2020, equity markets and the real economy moved in different directions, with the former rising on the expectations a post-virus future, and the latter languishing, as most of the world continued to operate with significant constraints.

Risk Premium

Musings on Markets

OCTOBER 4, 2021

In 2018, it added a Paytm Money , for investment and wealth management, and in 2019, it launched a Paytm for Business app for merchants to track payments. In 2017 it added Paytm Gold , allowing users to buy gold in quantities as little as 1 rupee, and Paytm Payments Bank , a messaging platform with in-Chat payments.

Start-ups

Reynolds Holding

JANUARY 9, 2023

The tech-focused coffee chain allegedly touted its meteoric growth in revenues to attract over a billion dollars in investment from both the United States and Asia as part of an Initial Public Offering and a Secondary Public Offering in May 2019 and January 2020, respectively. The only top U.S. A brief synopsis of the largest 2022 non-U.S.

Banking

Reynolds Holding

OCTOBER 29, 2023

Before the Chinese and Hong Kong reforms, from 2000 to 2019, 244 Chinese issuers floated on either the NYSE or NASDAQ through the issuance and trading of depository receipts; of these, 98 adopted a DCSS (40.2 As of December 31, 2019, 18 of these DCSS issuers were delisted (18.6 percent), compared with 79 delisted OSOV companies (56.0

Marketability

Musings on Markets

FEBRUARY 2, 2023

Finally, my starting cost of capital of 10.15% reflects the reality that the riskfree rate and equity risk premiums have risen over 2022, and my ending number of 9% is an indication that I expect Tesla to become less risky over time. It was the reason that I argued at a $1.2

Start-ups

Musings on Markets

DECEMBER 2, 2020

In the graph to the right, you can see the effects on the financials, in a comparison of first nine months of 2019 to the first nine months of 2020, with gross bookings dropping 39% and operating losses almost tripling over the period. The Market (TAM) There are two ways in which I can describe Airbnb's total addressable market.

Start-ups

Musings on Markets

NOVEMBER 15, 2022

In this post, I want to focus on that point, starting with a discussion of why stories matter to investors and traders and the story that propelled the company to a trillion-dollar market capitalization not that long ago. billion in revenues in 2021.

Start-ups

Reynolds Holding

JANUARY 23, 2024

In 2018 and 2019, Wells Fargo is alleged to have repeatedly told investors that it was implementing and developing the required governance reforms. billion impairment write-down of the value of Kraft and Oscar Mayer in February 2019. in August 2019, wiping out about $36 billion in market capitalization.

Banking

Musings on Markets

APRIL 21, 2022

Like Twitter, Snapchat had a rousing debut in the market, rising 40% to hit $24.48 The stock dropped below $6 in 2019, before mounting a comeback in 2021. on its first trading day, before falling on hard times, as Instagram undercut its appeal.

Start-ups

Global Finance

MAY 8, 2024

rise in return on equity (ROE) to 14.2%; and gains in tier 1 equity capital and assets of 5% and 4%, respectively. The group’s market capitalization in 2023 was at a 17-year high, valuing the enterprise at around the same level in dollar terms as Goldman Sachs. billion; a 2.3% increase in fee income.

Banking

Reynolds Holding

NOVEMBER 15, 2022

These individuals included senior public company executives, such as Dennis Muilenburg, Boeing’s former CEO , who was charged with making materially misleading public statements about the safety of the company’s 737 MAX planes following crashes in 2018 and 2019, and Ronald D. Compass Minerals International Inc.

Compliance

Musings on Markets

JANUARY 19, 2022

If equity markets surprised us with their resilience in 2020, not just weathering a pandemic for the ages, but prospering in its midst, US equity markets, in particular, managed to find light even in the darkest news stories, and continued their rise through 2021. The year that was.

Risk Premium

Musings on Markets

JUNE 23, 2023

As the semiconductor business has acquired heft, in terms of revenues and profitability, investors have priced those operating results into the market capitalization assigned to these companies. After a long stretch at the top, Intel has dropped back down the list and ranked third, in terms of revenues, in 2022.

Start-ups

Musings on Markets

APRIL 20, 2021

Financing Mix : Companies can raise capital either from equity or debt, and the costs of equity and debt can be altered when the tax rate changes. In a more telling statistic, the dollar value of taxes paid increased between 2017 and 2019 by 1.4% and the cash tax rate by 2.75%.

Start-ups

Reynolds Holding

FEBRUARY 26, 2023

The stock market reaction to the findings was brutal and immediate. Within a few days, Adani Enterprises, the top company promoted by billionaire Gautam Adani, lost 50 percent of its market capitalization. [3] and European investment banks, according to financial market data provider Refinitiv.

Banking

Reynolds Holding

JULY 10, 2024

Epilogue By the time I became Enforcement Director in July 2021, the SEC had already brought dozens of enforcement actions to address widespread noncompliance in the crypto markets. Meanwhile, four months later, the combined market capitalization of crypto assets reached approximately $3 trillion. [49] 14, 2019) (same).

Marketability

Musings on Markets

OCTOBER 18, 2024

If, by allowing a company or companies to reach a dominant position in the market, you are increasing their competitive advantages against foreign competitors or adding to the aggregate payoff to investing in stocks in markets, should you put those gains at risk by handicapping those companies?

Start-ups

Reynolds Holding

JULY 25, 2023

Addressing climate change risk can improve risk-adjusted returns for investors holding a diversified portfolio of equity and other investments. provides individuals with motive to become sensitive to the potential trade-off of ESG concerns for stock market returns. The political economy of ESG in the U.S. trillion vs. €200 billion.

Equity

Benzinga

MAY 21, 2025

May 21, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. Rick Coleman, Star's CEO, noted, "Since Star converted to its holding company structure in 2019, our goal has been to acquire attractive businesses, either to complement our existing platforms, or to establish new growth platforms.

Equity

Reynolds Holding

APRIL 23, 2025

Gross domestic product and market capitalization clearly will be higher if more good ideas come to fruition. While in good times market capitalization is higher partly because developing ideas get funded, perhaps by venture capitalists, the restriction on mobility could inflict costs on employees and the economy.

Marketability

Reynolds Holding

FEBRUARY 23, 2025

Effective and well-designed laws governing investment and financial markets are the single most important foundation for financial markets to allocate capital efficiently while providing optimal reassurance to investors and lenders. In the United States, the cost of capital is lower than elsewhere. 3] [link]. [4]

Systematic Risk