Investopedia defines zombies as “companies that earn just enough money to continue operating and service their debt… Zombie companies have no excess capital to spur growth and are considered close to insolvency.” Here are two articles on zombies:Continue reading “Zombie companies”
The SEC now asks public businesses to disclose material human capital metrics
Ben Reuveni wrote an article for Human Resource Executive titled The SEC’s disclosure rules are changing HR forever.Continue reading “The SEC now asks public businesses to disclose material human capital metrics”
of 133 publicly traded unicorns in the U.S., 89 had cumulative losses greater than their annual revenues
Jeffrey Funk and Adam Acar wrote an article for Nikkei Asia titled Ride-hailing insanity shows Japan is right to shun startups.Continue reading “of 133 publicly traded unicorns in the U.S., 89 had cumulative losses greater than their annual revenues”
Free Cash Flow and Valuation
Matt Bergman tweeted about the difference between enterprise free cash flow and equity free cash flow.Continue reading “Free Cash Flow and Valuation”
What is Ergodicity?
Taylor Pearson wrote an article titled A Big Little Idea Called Ergodicity.Continue reading “What is Ergodicity?”
I Bond – inflation-protected U.S. savings bond
Jason Zweig wrote an article for the Wall Street Journal titled The Safe, High-Return Trade Hiding in Plain Sight.Continue reading “I Bond – inflation-protected U.S. savings bond”
The stock market vs the real economy
The Economist ran an article titled The market v the real economy. Continue reading “The stock market vs the real economy”
Enterprise Value: Is EV/EBITDA a better ratio than P/E?
An interesting Twitter thread on financial ratios. Continue reading “Enterprise Value: Is EV/EBITDA a better ratio than P/E?”
Is the global financial system fragile, resilient, or antifragile?
Peter Neuwirth wrote a blog post titled Fragility, Antifragility, and Financial Forest Fires in two parts (part 1, Part 2). Peter Neuwirth is the author of What’s Your Future Worth? which describes the basic principles behind the actuarial perspective. Continue reading “Is the global financial system fragile, resilient, or antifragile?”
contraction vs recession
Ken Fisher wrote an optimistic blog post titled My take on the coronavirus, the economy, and the stock market. Continue reading “contraction vs recession”