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Top 5 most profitable startups around the globe

Startups offer a fantastic opportunity to make profits when there isn’t strong competition. Moreover, the people who came up with the idea could achieve it with the help of powerful and wealthy individuals. Every day, new innovations and products come out around the globe, however, the startups that have the most success, have secured their […] Startups offer a fantastic opportunity to make profits when there isn’t strong competition. Moreover, the people who came up with the idea could achieve it with the help of powerful and wealthy individuals. Every day, new innovations and products come out around the globe, however, the startups that have the most success, have secured their place in the business world. We have decided to show you the top 5 most well-known and profitable startups across the world. 1. Lemonads Lemonads aids marketers in increasing their effectiveness and increasing their revenue with their cutting-edge solutions and technology. The lemonads group is an important player in the monetization process of digital viewers along with affiliate marketing. We support companies across the world in their digital expansion. Lemonads mission is to assist advertisers and publishers maximize their online performance by offering them an array of top-quality services that are all accessible through a simple and efficient self-service platform. We are here to help! We listen to you and design the most efficient solutions available in the market to support you throughout the world of business. With more than 10 years of experience across the globe, we have created an ever-growing and dynamic business, with hardworking employees motivated by values we stand behind and stand up for. 2. Handy The company is involved in an innovative “cloud” software developed to oversee a large group. With the aid of software developed by Zenefits HR department leaders are able to maintain an electronic record of the hiring process, salaries, wages, insurance, and so on. Furthermore, it gives access to these records from any location on earth. Zenefits was established by entrepreneur Parker Conrad in 2013. Within a single year, Zenefits transformed itself into an expanding business that is estimated to be worth $650 million. The investors of the company comprise Andreessen Horowitz and other industry-leading Silicon Valley venture capital funds. Zenefits is now serving more than 2000 corporate customers. 3. AdRoll AdRoll is among the most innovative marketing initiatives of the last few years. The company is currently working on mobile retargeting which is an application for tracking and studying consumer behavior on various devices and platforms from a marketing point of view. For 2014 the business received investments of $70 million. Its shareholders include major venture capitalists, such as the popular Accel Partners. 4. Lyft On April 14, 2014, Lyft has successfully attracted investments of $225 million. The online taxi service has an increase in its growth rate than its main rival Uber. The company began operations in San Francisco in 2013 and within a short time expanded its operations to over thirty US states. Naturally, this brought it to being noticed by some reputable investors. Alibaba, Third Point, Horowitz, and Founders Fund – the list of Lyft shareholders is impressive. The company intends to expand into the global market. 5. The Honest Company In 2011 Hollywood model Jessica Alba decided to create her own company to handle the creation of eco-friendly cosmetics and products for kids’ hygiene. Since then the company has been very popular with its target consumers – the young moms. Jessica Alba plays a very crucial part in the marketing strategy and is the main face of the brand. She frequently uses her products and makes time to engage with clients. The Honest Company has invested more than $120 million. In addition, The company is well-known by the people of Silicon Valley: it is supported by funds from Iconiq Capital, Lightspeed Venture Partners, and others. Updated on Oct 27, 2021, 5:43 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK1 hr. 51 min. ago Related News

Last Week Marked A Huge Milestone For Crypto

After years in the making, it finally happened… Q3 2021 hedge fund letters, conferences and more ProShares Bitcoin Strategy ETF Debuts On October 15, the Securities and Exchange Commission (SEC) approved the first-ever bitcoin ETF. On October 19, the ProShares Bitcoin Strategy ETF (BITO) debuted on the New York Stock Exchange. This is a big, big milestone. […] After years in the making, it finally happened… if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more ProShares Bitcoin Strategy ETF Debuts On October 15, the Securities and Exchange Commission (SEC) approved the first-ever bitcoin ETF. On October 19, the ProShares Bitcoin Strategy ETF (BITO) debuted on the New York Stock Exchange. This is a big, big milestone. In short, this new ETF makes it easier than ever to access bitcoin (BTC)—through the stock market. It’s an opportunity for millions of investors who want exposure to bitcoin without having to open a dedicated crypto account. Owning BITO isn’t quite the same as owning bitcoin directly. But it’s close. And it’s a lot better than the current options… Until now, the closest thing to a bitcoin ETF was the extremely popular Greyscale Bitcoin Trust (GBTC). GBTC only loosely tracked the actual price of bitcoin—and often diverged from it by 20% or more. BITO should track the price of bitcoin much more closely. Now that the SEC has greenlit it as a crypto ETF, GBTC has announced it intends to convert to an ETF as well. This is a great step forward for the growth of the crypto market… I’m glad bitcoin has brought so much attention to cryptos. But make no mistake. Bitcoin is just the tip of the iceberg in this opportunity. What's going on underneath the surface is far more important. And ultimately, it will be more profitable... Investing In The World’s Most Disruptive Young Tech Companies In short: A whole new “stock market” is forming in crypto… Cryptos are a place where everyday investors with as little as $10 can invest in the world’s most disruptive young tech companies. This has never existed before. It’s an exciting new frontier for investors. And it’s the main reason why the popular narrative on cryptos is completely wrong… Most folks think of cryptos as “currencies” that compete with the US dollar. They think people might someday keep their savings accounts in bitcoin, and pay for everyday things with bitcoin. This is the least exciting aspect of cryptos. The cryptos I’m most interested in represent true ownership stakes in real, disruptive, cash-generating businesses. As I explained earlier this month, the technology behind bitcoin and all other cryptos is called “blockchain.” Blockchain has essentially transformed what computers can do. I won’t bore you with the technical details. All you need to know is that today’s newest and most innovative companies are being built on the blockchain. I’m talking real companies… making real money… using the blockchain to disrupt some of today’s most exciting industries. You can invest in these companies by buying crypto “tokens” in them. Which is just like buying shares in a company that trades on the stock market. Think of a token like equity or shares in the business. Cutting-Edge Business Ideas Today, many of the most exciting, cutting-edge business ideas are happening on the blockchain: not in the stock market. When asked about bitcoin late last year, legendary trader Paul Tudor Jones said the crypto was like “investing in a startup tech company.” That’s important because all sorts of rules and barriers typically stop everyday investors from accessing early-stage opportunities. For example, you have to be “accredited” to invest in most private companies. And you often need to invest a minimum of $50,000 or $100,000. So the average guy is locked out. Cryptos knock down those barriers. Unlike the stock market, cryptos aren’t dominated by Wall Street. And you can buy tokens in many crypto startups for $10. Sometimes less. For example, consider the startup called Helium. This company sells hotspot routers you can install on your roof. Their signal reaches about 200X further than a standard Wi-Fi connection. You can then “sell” internet to nearby folks through this Helium router. For doing that, you get rewarded with Helium tokens which you can exchange for real US dollars. Helium’s making real money selling these routers today. But Helium’s not listed on the stock market. You must buy its token, HNT, to participate in its rapid growth. Helium’s token has appreciated over 2,500% in the last year. A question I often get is: “Can I buy Coinbase (COIN) stock to profit off the growth of crypto?” Coinbase is the largest crypto brokerage in the US. It’s opening up this “new world” of cryptos to millions of people… in an easy-to-use app. The short answer is “yes”—owning Coinbase is an easy way to profit off the growth of crypto. But you should know what you’re buying in Coinbase. You ARE buying a very large company that should do well as crypto continues to grow. You’re NOT buying an early-stage crypto project that could return 100–1. You have to buy the specific early-stage tokens for that. The Great Disruptors: 3 Breakthrough Stocks Set to Double Your Money" Get my latest report where I reveal my three favorite stocks that will hand you 100% gains as they disrupt whole industries. Get your free copy here. Article By Stephen McBride, Editor - Disruption Investor Updated on Oct 27, 2021, 4:41 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK3 hr. 19 min. ago Related News

The Difference Between Facebook And Its Stock

Whitney Tilson’s email to investors discussing Facebook, Inc. (NASDAQ:FB)’s earnings; the difference between a company and its stock; what are the odds that Build Back Better passes and at what scale? Q3 2021 hedge fund letters, conferences and more Facebook’s Earnings 1) Facebook (FB) reported earnings after the close yesterday… By any objective metric, it […] Whitney Tilson’s email to investors discussing Facebook, Inc. (NASDAQ:FB)’s earnings; the difference between a company and its stock; what are the odds that Build Back Better passes and at what scale? if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Facebook's Earnings 1) Facebook (FB) reported earnings after the close yesterday... By any objective metric, it was a very impressive quarter: Daily and monthly active users rose 6%, revenue jumped 35%, operating margin was an amazing 36%, and operating income grew 30%. Such numbers are almost unheard of for a company of this size, which is why I continue to believe that Facebook and Alphabet Inc (NASDAQ:GOOGL) are the two greatest businesses of all time. The Difference Between A Company And Its Stock 2) In light of my many e-mails criticizing Facebook in recent weeks, some readers might think that I was bearish on the stock – but that would be incorrect. It's possible to be very critical of a company but still think it's a great business and that the stock is undervalued – which is exactly what my colleagues Berna Barshay, Enrique Abeyta, and I say about Facebook. Specifically, in my October 8 e-mail, I included this excerpt from Berna's Empire Financial Daily: With superior growth and phenomenal margins versus other stocks in the market, it's hard for me to imagine Facebook not trading at a premium multiple to the S&P 500 Index, which is currently priced at about 20 times 2022 earnings. I think Facebook deserves a price-to-earnings (P/E) ratio of at least 25, maybe even 30. I don't think the "E" ["environmental" in environmental, social, and governance investing] is at risk based on yesterday's testimony... so at 25 times $16, you have FB shares at $400 – up roughly 20% from the current quote. And at 30 times, you get FB shares at $480... That's up nearly 45% from here. That upside justifies holding your nose and buying FB shares. They are a great risk-reward here. I added this about Enrique's view: Enrique thinks it's a good trading opportunity and recommended it in his Empire Elite Trader service, which you can subscribe to here – it's only $69 per month, and you can try it risk-free for 30 days. And, finally, I concluded with my own opinion: I'm happy to continue having Facebook's stock as a core holding in our flagship newsletters, Empire Stock Investor and Empire Investment Report... Enrique and Berna are a lot smarter than I am... so listen to them! In summary, to be a successful investor, it's critical to set your emotions aside and distinguish between companies and their stocks. What Are The Odds That Build Back Better Passes And At What Scale? 3) Here's another example of how important it is to set your emotions aside when making investment decisions. The Biden administration has proposed a $3.5 trillion reconciliation bill called The Build Back Better Agenda. Not surprisingly, in these polarized times, it's highly controversial. With every Republican vowing to oppose it, it means that Democrats can't afford to lose a single vote in the U.S. Senate. If this bill passes, there will likely be meaningful implications for the stock market overall – perhaps a short-term boost due to even more fiscal stimulus, but also possibly a long-term negative impact because of higher taxes and debt levels. And the legislation will undoubtedly affect certain sectors, such as pharmaceuticals and energy. Many investors would like to know how likely the bill is to pass and, if so, at what scale? Many folks would have trouble accurately answering these questions because their political beliefs would interfere (i.e., Democrats would guess high; Republicans would guess low). To help me think about this, I turned to a New Zealand-based prediction and betting site, PredictIt, which allows people to bet real money (up to $850 per bet) on political and economic outcomes. Here's what the market currently looks like for The Build Back Better Agenda (you can check the latest numbers here): According to the rules of this market, there's about a 21% chance that Democrats fail to pass the bill or that it's smaller than $1.5 trillion... So, this market is saying that there is roughly a 79% chance that Sen. Joe Manchin of West Virginia and Sen. Kyrsten Sinema of Arizona will end up voting with their Democratic colleagues, and The Build Back Better Agenda passes. But it's likely to be in the $1.5 to $2 trillion range, roughly half what the Biden administration proposed. Those odds sound about right to me – which is one of the reasons why I remain constructive on the market in the near term. The 2021 Stansberry Conference & Alliance Meeting 4) Speaking of which, this was the first slide I presented yesterday at the 2021 Stansberry Conference & Alliance Meeting in Las Vegas: Overall, We Remain Constructive The market is near an all-time high despite many warning flags: inflation, supply chain disruptions, silly bubbles in certain meme stocks like GameStop (GME), AMC Entertainment (AMC), and Digital World Acquisition (DWAC), political polarization, chaos in Washington, etc. We still think this market has room to run, however, because its drivers are still intact: the mother of all economic booms, low interest rates, unprecedented monetary and fiscal stimulus, and plenty of "animal spirits" among investors. The biggest lesson I wish I'd known over the past two decades: When you're in a bull market, you have to ride it until it's crystal clear that a major shock is underway. In other words: Don't batten down the hatches when it's sunny because there might be a storm someday; instead, wait until the skies are dark and the lightning is crackling. 5) I then went on to present my thesis that the future of education is digital. It's a sector that's close to my heart. My parents are both teachers who met and married in the Peace Corps. My first job out of college was helping start Teach for America. I co-founded a political advocacy group that pushes for education reform, and I've been on the board of KIPP charter schools in New York City for the past two decades. So I know what I'm talking about when I say that the American education system is broken – as evidenced by the $1.7 trillion in outstanding student loans held by around 45 million Americans (the average student debt is around $38,000). What's more, student debt will likely surpass $2 trillion in the next year as tuition hikes continue to outpace inflation... up from already stratospheric levels of $27,000 per year at public institutions and $55,000 annually at private institutions. To address these out-of-control costs, I recommended three stocks that I believe are best-positioned to benefit – all of which are recent recommendations in Empire Investment Report (you can learn more and subscribe to it here). I can't reveal the names, as those are for our subscribers, but here's an overview... Textbooks are a small portion of the massive cost of higher education... but it's showing the way to how education can be digitized. And one college textbook company is at the forefront of digital distribution, which is a lot cheaper – for everyone – than buying bulky textbooks at the college bookstore. The stock I discussed generates margins in its digital distribution business that are twice that of its old-school way of selling textbooks. Best of all, the company is only in the early stages of rolling out its model. Last year, the company's digital distribution was just a dozen schools covering 43,000 students... but this year, it's twice as many schools, serving seven times as many students. Even now, it's accessing just 5% of the more than six million college students that represent the company's total potential customer base. I think the stock is "incredibly cheap" from a valuation perspective... and think that it "definitely has multibagger potential." The second company I pitched is one of the leaders in online learning. Its platform is used by more than 150 colleges and universities, which offer video lectures, course certificates, and, increasingly, degrees. But the biggest growth area, where revenue jumped 69% last quarter, is the enterprise segment, selling to businesses, which are using this platform to train their current and future employees. Online learning is now enabling anyone, anywhere in the world, to access an education that can lead to a wide range of jobs. I think the stock could more than double in the next two years. Lastly, I talked about a textbook rental company that's developed a "Netflix-like (NFLX) subscription model," helping students understand the content in the textbooks. Over the past five years, the company has beaten Wall Street analysts' revenue expectations every single quarter. I expect it to continue, leading to a 72% share price gain in the next two years. Best regards, Whitney Tilson Updated on Oct 27, 2021, 5:00 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK3 hr. 19 min. ago Related News

3 Ways ESG Regulation May Aid the Financial Industry

Environment, Social, Governance. These words have become rather ubiquitous in recent years, with just about every firm or financial institution touting their ESG practices. The United States ESG investment market alone grew 42% from 2018 to 2020, contributing $17.1 trillion of the $35.3 trillion total across five major investment markets. Q3 2021 hedge fund letters, […] Environment, Social, Governance. These words have become rather ubiquitous in recent years, with just about every firm or financial institution touting their ESG practices. The United States ESG investment market alone grew 42% from 2018 to 2020, contributing $17.1 trillion of the $35.3 trillion total across five major investment markets. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Unfortunately, these claims of sustainability or social consciousness can be shallow at best, deliberately misleading at worst, and governing bodies are starting to intervene. In the EU, for example, the Sustainable Finance Disclosure Regulation (SFDR) went into effect in March, 2021, requiring more detailed data reporting to add clarity for inventors when assessing the sustainability of investments. The U.S. is also considering similar regulations and penalties for false or inaccurate claims. While many firms may initially look at such policies as an administrative burden, increased ESG regulation could have numerous benefits for firms, investors, and the communities they serve. We’ll take a look at the existing and forecasted regulations on ESG investing and how such policies can benefit the industry moving forward. What Is ESG Finance? Before we dive into the regulations and their impacts, a note on terminology. ESG may have become somewhat of a buzzword, but what does it actually mean? Or rather, what is it supposed to mean? ESG as a concept has been around since at least the 1960s, though the name was coined in the early 2000s as an umbrella term for socially responsible investing practices. The E, S, and G refer to the following: Environment: This area is concerned with resource usage, pollution, and climate change. For example, how do companies perform on things like greenhouse gas emissions and waste reduction across the supply chain. Social: This refers to how companies interact with and impact the communities in which they operate. It includes everything from the health and safety of their employees and their suppliers’ employees to involvement in conflict regions. Governance: By this, we mean corporate governance - how are companies investing in diversity, ethics, etc. through their internal decision making. For example, equal pay, diversity of board members, and auditing for corruption would all be necessary for strong corporate governance. Where Do ESG Regulations Currently Stand? The European Union has taken a number of concrete steps to regulate sustainable investing. The aforementioned SFDR imposes mandatory disclosure obligations for asset managers and investment firms. It introduces the term Principal Adverse Impacts (PAIs) as a unit of sorts, defined as the negative impacts on sustainability that an investment decision could have. In other words, if a firm advises a client to invest in a certain stock, how harmful could that decision be in terms of the environment, society, employees, human rights, corruption, etc. With that in mind, the regulation mandates data disclosures including: How an entity integrates sustainability risks into their investment decision‐making or advising A statement of their policies on PAIs Proof that remuneration policies are made with sustainability risks in mind Evidence of pre-contractual disclosures on sustainability risk integration The EU is also implementing the Sustainable Finance Action Plan, aiming to redirect capital towards sustainable companies and green bonds and away from sectors involved with fossil fuels and other unsustainable practices. Finally, there is the EU Taxonomy Regulation which went into force in July, 2020, providing a classification system of conditions companies must meet to be considered environmentally sustainable. From January, 2022 onward, companies will be required to report how their financial products align with the Taxonomy. The US Securities and Exchange Commission has committed to developing similar regulations in the future, though what exactly those will contain has not been formalized. All in all, these types of regulations formalize requirements for ESG finance much like GDPR’s impact on data collection and PCI-DSS’s impact on the payment card industry. Any future regulations will only add more nuance to these broad regulations, further holding firms accountable for proving sustainable practices. How ESG Regulations Can Help SFDR and similar policies are not the first example of increasing government oversight of industry giants in recent years, and it will not be the last. So, it’s in the best interest of stakeholders to consider how such regulations can benefit their companies and their customers. Decrease Greenwashing There is no doubt that erroneously claiming ESG practices is a form of greenwashing, a harmful practice of overestimating the sustainability or eco-friendliness of a product or company. The ethical implications of this are hopefully obvious, both in terms of misleading clients and of the environmental and societal determinants. Therefore, a cultural shift to decrease financial greenwashing is ultimately beneficial because it gives credit where credit is due. If firms who are inflating their ESG compliance are called out, it will highlight the ones who are taking legitimate efforts to consider PAIs in their financial advising and internal decision-making. Over the longer term, clients will recognize this differentiating factor and align themselves accordingly. Force Firms To Look Internally While mandated ESG reporting will require additional input at the outset, it can also help firms reevaluate some of their current practices. For example, some firms may realize that investor relations are not prioritized in their current operations. Similarly, preparing for ESG data reporting will highlight the importance of maintaining transparent, responsible accounting practices, including using software that comes with critical features such as transaction monitoring and comprehensive reporting. Without using the right tools, firms will have a more difficult time assessing and proving their ESG compliance. Take the new regulations as an opportunity to develop an in-depth roadmap of your business risks, opportunities, partners, etc. Look at who you work with and how it reflects on your business. By auditing yourself and your partners before regulations become fully mandatory, you will be better situated to meet industry standards and improve your reporting, data management, risk management, investor relations, and more. Improve Outlooks In The Long Run When it comes to the finance market, while there are some more consistent trends, there is also a lot of uncertainty. That’s because market fluctuations are largely based on future trends - in a sense, attempting to predict the future. And lately, it appears that one of those trends is an increasing push for making ESG mandatory. Over the past 50 years or so, it has been a voluntary action, but with regulations increasing, it is becoming less so. This means there will only be greater scrutiny towards unsustainable sectors moving forward, and companies will need to respond if they hope to survive. For example, the tech sector has been criticized by environmental groups and even their own customers and investors for high consumption levels due to the electricity needed for data storage and processing. This and other industries are now pushing to reduce their carbon emissions. Many companies are also making other ESG steps a priority, such as increasing the diversity of the still overwhelmingly white, male leadership of the sector. These efforts show that companies will respond to pressure, even if change can be slow. Reporting these efforts is important to encourage firms to factor in ESG risk as a determining factor in how investors can find value in a company. What’s more, firms should take note that younger generations - namely Millenials and Gen Z - are increasingly socially conscious consumers. According to industry expert Alex Williams of Hosting Data, savvy investors are now taking advantage of online trading to educate themselves and invest responsibility. “It's not possible to make a stock exchange without a broker,” says Williams. “There's nowhere to visit to make a trade yourself. Most trading is done this way, even though - on television - you see people making purchases in New York's financial district.” Younger generations are well aware of this, and they are starting to invest earlier in life than their parents and grandparents, aided by digital resources. Therefore, ESG reporting will encourage increased accountability, which could in turn reward sustainable companies with new customers and growth potential in the future. Conclusion What the EU has started will undoubtedly spread elsewhere. This means, along with recent trends like increased cryptocurrency regulation and similar government interventions, ESG regulations may be the next policy surge for firms to comply with. What began with data disclosure could end in even more significant policy shifts across the finance sector. Firms must be ready to adapt if they hope to be compliant and competitive in an increasingly socially conscious market. Updated on Oct 27, 2021, 5:17 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK3 hr. 19 min. ago Related News

Why Bitcoin Regulation Takes Us From Now To Next

EVP, Financial Services, Dave Donovan, on why cryptocurrency, and bitcoin regulation will serve to benefit the financial services landscape and wider society both short and long term. Q3 2021 hedge fund letters, conferences and more Bitcoin Regulation Is A Long Term Win For Everyone Right now Bitcoin is volatile because it’s not being regulated, which […] EVP, Financial Services, Dave Donovan, on why cryptocurrency, and bitcoin regulation will serve to benefit the financial services landscape and wider society both short and long term. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Bitcoin Regulation Is A Long Term Win For Everyone Right now Bitcoin is volatile because it’s not being regulated, which scares away various institutions that could stand to benefit from using Bitcoin for a plethora of reasons (i.e stocks, collateral, etc.) Overall, increased regulation of cryptocurrencies, and specifically, bitcoin will benefit everyone. You could use smart regulation to help users and institutions safeguard their wealth. Doing so will increase stability while driving up the value and price of Bitcoin in the long term. The formula is simple, greater investor protection makes for greater confidence which begets a larger user base, thus driving up Bitcoin demand and ultimately price. This potential sequence of events precipitates an environment that encourages larger institutions to get off the sidelines and join the existing Bitcoin user base due to increased certainty in investor protections. But that’s not all larger institutions need. They will also require greater transparency to trust not only Bitcoin, but the activities and transactions underpinned by Bitcoin such as borrowing, lending, custody, and everything else we currently do with dollars which have serial numbers. Stable Coins Backed By Treasuries Must Lead The Way Stable Coins, or currencies that derive their value from an external source such as legal tender, a commodity, or other collateral, are a form of cryptocurrency. In theory, Stable Coins backed by treasuries potentially offer the best of both worlds, with the blockchain underpinning speed, cost efficiency, and transparency, while the treasury backing offers the stability needed. Well-documented and transparent exposure can ease current anxieties around Stable Coin cryptocurrencies. These assurances are necessary and preferable to stable coins backed by commercial institutions, which are subject to the effects of a liquidity event due to Stable Coins only being as valuable as the collateral that values them. This relationship could create demand for the wrong reasons which, again, points to regulation as a stabilizing solution. Another clear way to guard against system risk would be to agree on a global Bitcoin standard. Decentralized, Democratized Banking Frees People To Transact More We understand Bitcoin as a store of value, and blockchain as the system which underpins that store of value. To unlock a greater user base, Bitcoin should continue to appeal to the unbanked and underbanked, as Bitcoin can democratize global banking. This occurs because blockchain is a middle man eliminator across industries, all you need is an internet connection and a phone to get in the game. Moving Money Should Be Free Functionally speaking, it’s almost as if the internet didn’t happen for the financial services industry twenty years ago. We digitized the functions but didn’t digitize the protocols themselves. We had clean and clear interfaces underpinned by the same old ACH payment rails which take 3-4 days to clear and cost a fortune in fees. The bottom line is that moving money should be free and easy. The real magic in Bitcoin and new financial systems is the lives that will change. Think of all the gig workers, landscapers, dishwashers, warehouse workers, and immigrants who came to this country and do the jobs which underpin our enjoyable way of life. Why should we be taking away money that they’re trying to send back to their families abroad? Why do we hit those living check-to-check with overdraft fees due to ACH rail hold-up? Why can’t we front them with the money they’ve shown us they have and will continue to have? For the sake of economic certainty, and with the blockchain-enabled protocol solutions we have available, these hold-ups and fees should no longer be tolerated. Newer systems exist that allow us to move money more cost-effectively and with greater speed. Regulation is key to those systems taking root. Through blockchains protocol transparency, increased user confidence, mainstream adoption, the democratization of global finance will stimulate increased commerce. Regulating Bitcoin and other cryptocurrencies will bridge us from now to next. Updated on Oct 27, 2021, 4:17 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 19 min. ago Related News

Tesla To Become A US$10 Trillion Company – Holon Global Investments

Whitney Tilson’s email to investors discussing Holon Global Investments’ report on Tesla Inc (NASDAQ:TSLA) – on the road to a US $10 trillion company and beyond. Q3 2021 hedge fund letters, conferences and more A Bullish Report On Tesla Posted here is a 144-page bullish report on Tesla, which was published recently by Tim Davies […] Whitney Tilson’s email to investors discussing Holon Global Investments’ report on Tesla Inc (NASDAQ:TSLA) – on the road to a US $10 trillion company and beyond. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more A Bullish Report On Tesla Posted here is a 144-page bullish report on Tesla, which was published recently by Tim Davies of Australian tech-focused $100M fund Holon Global Investments. I haven’t had a chance to read it, but I asked my analyst Kevin “100-bagger” DeCamp (I think he’s approaching a 150-bagger on TSLA!) to take a look and here’s what he sent me: I’ve seen much of this data and analysis before, but it’s definitely worth at least reading the executive summary. The projections and title he chooses are clearly to attract attention (why not one-up Cathie Wood with a $3,369 current value and a $10 trillion target!), but it’s a good overview to understand what’s actually going on in the auto industry, especially the challenges that legacy automakers are facing transitioning to EVs. Of note is his emphasis on Tesla’s impressive profitability while still producing at a much smaller scale than legacy OEMs (comparing Tesla’s EVs to legacy’s ICE production numbers). This will continue to improve as Tesla grows on average around 50% and its revenue mix continues to shift more towards software. Tesla reported 28.8% gross margins in 3Q excluding regulatory credits while facing supply chain issues and producing cars well under capacity. As I’ve said before, the myth that Tesla cannot make a profit without regulatory credits will continue to die a slow death. It’s on its way to Apple-like margins with a much bigger total addressable market (TAM). I’m not convinced on his bullish developing market projections, although it’s something to consider. Updated on Oct 27, 2021, 2:41 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 51 min. ago Related News

Soaring Gas Prices: Best State To Switch To An EV

Gas prices are climbing and it’s possible they might continue to rise as the end of the year approaches. There are only 2 states left with average gas prices under $3 per gallon! And in California, the state average for a gallon of gasoline is $4.52! Q3 2021 hedge fund letters, conferences and more Best […] Gas prices are climbing and it’s possible they might continue to rise as the end of the year approaches. There are only 2 states left with average gas prices under $3 per gallon! And in California, the state average for a gallon of gasoline is $4.52! if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Best State To Switch To An EV For those looking for a way to save on driving costs during this time, or for those who would like to minimize their carbon footprint anyway, there is a solution: an electric vehicle. But to switch to an electric vehicle there are a lot of factors to consider so Bumper, a leading vehicle history reports company, ranked all 50 states to find out where it makes sense to switch to an EV. In their Best States for Electric Cars study, Bumper ranked financial incentives by metrics like the number of rebates and tax incentives found in each state, gas prices, EV prices, average commute times, and more. They then ranked each state's infrastructure by metrics like the number of new charging stations, the number of power ports on each charging station, and the amount of other EVs. Washington is the best state for owning an electric vehicle; Alaska, the worst. The top states include Washington, Utah, Colorado, Massachusetts and California. On the other end of the spectrum, Alaska, Alabama, South Carolina, Mississippi and South Dakota are the worst states. Some states like Kentucky have recharge costs of nearly half that of California. 1,000 miles of driving in an EV costs $28.70 in Kentucky, compared with $56.30 in California! This makes Kentucky an ideal state to buy an EV in. California and New York are leading the growth for the total number of new EV charge stations. From January 2017 through August 5, 2021, the leader in new EV stations is by far California (11,833), followed by New York (2,273), Florida (1,901), Texas (1,771) and Massachusetts (1,662). The states with the fewest EV stations opening since 2017 are South Dakota (30), Alaska (33), Wyoming (37), Montana (42) and North Dakota (49). Figuring Out Your Charging Plan When thinking about switching to an EV you should figure out your charging plan. For example, some states did poorly in Bumper's study because of a lack of public charging stations. Kentucky has built only 7.5 charging stations per 100k people between 2017 and 2021, only Mississippi and Lousianna had built fewer. Most people charge at home but you may need to refuel at public charging stations near work so find out where they are. And if you are thinking of buying an EV to avoid rising gas prices or for any other reason, you should think outside of buying a Tesla. For example, Ford's EVs, especially the upcoming F-150 Lightning, could be more practical for you. Ford is investing $30 billion through 2025 in R&D, new plants, and worker training, as it believes 40% of US car volume will be electric by 2030. But apart from factors like infrastructure highlighted in Bumper’s report, the biggest reason why everyone is not buying an EV is the price. It is a valid concern when an electric car is still $7-14k more than an internal combustion equivalent. But this is a temporary situation and one that looks like it will be gone in a few years time. Richard Gargan, Consumer Advocate for Bumper said: "If you can't afford an EV or can't live with the lack of charging stations in your state, consider buying a plug-in hybrid. You can plug it into your normal wall outlet, and wait for infrastructure to improve and hopefully your next vehicle will be fully electric." Demand for oil is soaring globally with an energy crunch overseas where natural gas and coal are booming. Oil has recently hit a three-year high above $86 a barrel, driven by tight supply and a global energy crunch. Crude and fuel inventories have tightened, with crude inventories falling to a three-year low. One thing is for certain, as US President Joseph Biden has called for half of all new vehicles to be electric or hybrid-electric cars by 2030, it won't be just those of us sick of gas prices who will be switching to an EV, most of us will be. Updated on Oct 27, 2021, 3:02 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 51 min. ago Related News

Why Whitney Likes Alphabet More Than Apple – And Buffett Doesn’t

Whitney Tilson’s email to investors discussing Alphabet Inc (NASDAQ:GOOGL)’s earnings and share repurchases; Apple Inc (NASDAQ:AAPL)’s share repurchases; why he likes Alphabet more than Apple – and Buffett doesn’t. Q3 2021 hedge fund letters, conferences and more Alphabet’s Earnings 1) Alphabet (GOOGL), one of the original core holdings in both of our flagship newsletters, Empire […] Whitney Tilson’s email to investors discussing Alphabet Inc (NASDAQ:GOOGL)’s earnings and share repurchases; Apple Inc (NASDAQ:AAPL)’s share repurchases; why he likes Alphabet more than Apple – and Buffett doesn’t. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Alphabet's Earnings 1) Alphabet (GOOGL), one of the original core holdings in both of our flagship newsletters, Empire Stock Investor and Empire Investment Report, reported blowout earnings after the close yesterday. Revenue grew 41%, its highest growth rate in 14 years. Expenses grew more slowly, leading its operating margin to soar from 24% to 32%, its highest level in a decade. Its operating income surged 88% to a record $21 billion, and free cash flow hit $18.7 billion, up 61%. The only reason the stock isn't up big today is that it was already up 58% for the year, far surpassing the 18% average gain of the other tech giants, Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Facebook (FB). We continue to believe that this company has a long growth runway ahead of it and that the stock will follow. Alphabet's Share Repurchases 2) An increasingly important driver of the stock going forward is likely to be share repurchases. Last quarter, Alphabet also bought back $12.6 billion of its stock, continuing the recent surge in this area over the past five years, as you can see in this chart: Keep an eye on this. While Alphabet's share count only declined by 1.4% year over year, I think this will increase substantially over time as the company continues to gush free cash flow. Apple's Share Repurchases 3) To see what an enormous impact this can make over time, just look at Apple. Under its founder Steve Jobs, the company rarely repurchased any shares. But then Jobs died in 2011, and activist investor Carl Icahn started pushing for repurchases in late 2013. The company began to do so in increasing size, continuing through today, as you can see in this chart: As a result, Apple's diluted shares outstanding have declined by a stunning 35% (which translates into a 54% boost in earnings per share), as you can see in this chart: The performance of the business is most important, but the share repurchases have also been an important contributor... Going forward, however, I don't think Apple's share repurchases will provide nearly the same tailwind because its share price has risen so high that even the increase in share repurchases from $70 billion per year in 2019 to $90 billion in the past 12 months isn't moving the needle as much. As you can see in this chart of the year-over-year decline in diluted shares outstanding by quarter, the decline has been shrinking for nearly three years: With this year's run-up in its stock price, the math is similar for Alphabet, but just not quite to the same degree, as its market cap is less than $1.9 trillion versus nearly $2.5 trillion for Apple. Why Whitney Likes Alphabet More Than Apple - And Buffett Doesn't 4) As I compare these two companies, it's worth looking back to the article I published in July 2018: Why I like Alphabet more than Apple – and Buffett doesn't. As you can see in this chart, I was right that Alphabet would outperform – it's up 120%, double the rise in the S&P 500 Index – but dead wrong that it would do better than Apple's stock, which is up more than 200%: I'd like to think that, rather than being wrong, I was simply early. As you can see in this chart, over the past 14 months, Alphabet has far outperformed both the S&P 500 and Apple, which I think is likely to continue in the coming years: Best regards, Whitney Updated on Oct 27, 2021, 3:15 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 51 min. ago Related News

Tech Stocks Save The Day

In his Daily Market Notes report to investors, while commenting on tech stocks, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Our survey this week showed that a majority of investors believe inflation will be a significant headwind for the markets by year-end. This is a notable difference from our survey in […] In his Daily Market Notes report to investors, while commenting on tech stocks, Louis Navellier wrote: if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Our survey this week showed that a majority of investors believe inflation will be a significant headwind for the markets by year-end. This is a notable difference from our survey in August where 24% of investors thought inflation was "transitory." Janet Yellen’s most recent comments on the matter did a little to allay fears. Inflation may be the only thing standing in the way of a year-end rally. Growth stocks, as well as dividend growth stocks, are historically your best defense against rising inflation. Interest rates are also falling despite all the taper concerns. Tech Stocks Save The Day The US 30 year fell below 2% today, dropping over 9 basis points.  The 10-year yield dropped 5 basis points.  The US Treasury had a very strong 5-year auction today as well.  What can explain this move in the face of apparent inflation trends and near term expectation of the beginning of tapering of open market purchases by the Fed?  The outstanding performance of tech stocks in general and FANG stocks in particular this earnings season. Tech innovation succeeds in a big way by cutting costs from existing methodologies, along with adding new sources of revenues and profits. The unprecedented rise of technology in the current decade has resulted in very subdued inflation numbers. The massive government support payments and even bigger quantitative easing by the Fed in response to the Covid pandemic has brought concerns of the inflation risk of pumping so much liquidity into the economy. The spike in energy prices from reopening demand, logistics snafus in particular computer chips shortages, a spike in home prices from work at home demand, and labor dislocations were all feeding inflation expectations. These, however, are mostly short term reactions to the pandemic adjustments and recovery. Investors have been reminded of the long term deflationary trends brought by technology changes by the remarkable continued strong growth of even the trillion dollar sized tech giants.  Without a gap up in interest rates in the cards, equity valuations become even more reasonable, particularly growth stocks. There may be a bump in the road when the tapering actually begins, but long term trends win in the end and those appear to be on track for further gains in equities. The Commerce Department on Wednesday reported that durable goods orders declined 0.4% in September, which was substantially better than economists’ expectations of a 1% decline.  This was the first monthly decline in durable goods orders since last April and was largely caused by supply chain glitches and port bottlenecks.  Durable goods orders for August were also revised lower to a 1.3% gain.  Durable goods orders have risen for 15 of the past 17 months.  So far this year, overall new orders for durable goods numbers are up 23.4%, but shipments are up only 13.6%, due to order backlogs from the supply chain glitches. Heard & Notable German city Frankfurt was found to have the highest risk of a housing bubble developing in a recent survey released by investment bank UBS.  Other cities at high risk were Toronto, Hong Kong, Munich, Zurich, and Vancouver. New York City ranked 18th while San Francisco ranked 14th. Source: Statista Updated on Oct 27, 2021, 3:31 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 51 min. ago Related News

Aveva – Strong Market Expansion

AVEVA Group plc (LON:AVV), the Cambridge-based engineering software company today released a brief trading update that revealed underlying sales growth of 9% at the half-year stage, before a negative impact from currency swings. Q3 2021 hedge fund letters, conferences and more Newly acquired OSIsoft made a notable contribution to growth, which was in the mid-to […] AVEVA Group plc (LON:AVV), the Cambridge-based engineering software company today released a brief trading update that revealed underlying sales growth of 9% at the half-year stage, before a negative impact from currency swings. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Newly acquired OSIsoft made a notable contribution to growth, which was in the mid-to high-teens rate for Subscription and Licence income and low single digits for Maintenance and Services revenues. Aveva said that margins responded strongly to the growth in revenues and that this has fed through to adjusted operating profits. Aveva's Strong Margin Expansion Commenting on the trading statement, Steve Clayton, fund manager at HL Select said: “The market was expecting Aveva to grow at around this pace, but perhaps a little more geared to the existing business, rather than OSIsoft. What the statement does not say is that the figures reported suggest that Q2 was a little slower than the 11% reported in Q1. The news of strong margin expansion is a positive, but the market’s rather disinterested reaction to these numbers, marking the stock a few pennies lower, shows that the lack of any acceleration in the business was investors’ main focus.” About Hargreaves Lansdown Over 1.64 million clients trust us with £135.5 billion (as at 30 June 2021), making us the UK’s largest digital wealth management service. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. Updated on Oct 27, 2021, 3:58 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK4 hr. 51 min. ago Related News

Crescat Capital October 2021: The Macro Case For Precious Metals

Crescat Capital October 2021: The Macro Case For Precious Metals.....»»

Category: blogSource: VALUEWALK6 hr. 19 min. ago Related News

Third Point 3Q21 Letter: Upstart And SentinelOne

Dan Loeb’s letter to Third Point investors for the third quarter ended July 2021, discussing the top winners in Q3; Upstart Holdings Inc (NASDAQ:UPST) and SentinelOne Inc (NYSE:S). Q3 2021 hedge fund letters, conferences and more Dear Investor: During the Third Quarter, Third Point returned +12.5% in the flagship Offshore Fund and +16.2% in the […] Dan Loeb’s letter to Third Point investors for the third quarter ended July 2021, discussing the top winners in Q3; Upstart Holdings Inc (NASDAQ:UPST) and SentinelOne Inc (NYSE:S). .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Dear Investor: During the Third Quarter, Third Point returned +12.5% in the flagship Offshore Fund and +16.2% in the Ultra Fund, bringing year to date returns to +29.5% and +36.5%, respectively. Assets under management at September 30, 2021 were approximately $19.3 billion, including $863 million in the Third Point Structured Credit Opportunities Fund.1 The top five winners for the quarter were Upstart Holdings Inc (NASDAQ:UPST), SentinelOne Inc (NYSE:S), Prudential Financial Inc (NYSE:PRU), Danaher Corporation (NYSE:DHR), and Avantor Inc (NYSE:AVTR). The top five losers for the quarter were Paysafe Ltd (NYSE:PSFE), SoFi Technologies Inc (NASDAQ:SOFI), DiDi Global Inc (NYSE:DIDI), Uber Technologies Inc (NYSE:UBER), and Burlington Stores Inc (NYSE:BURL). Our top winners on a percentage basis in Q3 were our two largest positions; Upstart, up 153%, and SentinelOne, up 26%, as public market investors rewarded both companies’ disruptive business models and high-growth trajectories. Upstart has started to upend the FICO-dependent, $84 billion unsecured personal loan market with its AI-driven underwriting approach and is ramping up its footprint in the $685 billion auto lending market. In its most recent earnings report, the company raised its full-year revenue estimates by 25%. We expect SentinelOne to grow rapidly and continue to gain market share over the next decade as flexible work patterns, cloud adoption, and IoT create more security vulnerabilities. This market is still dominated by legacy vendors whose solutions pale when compared to SentinelOne’s autonomous, machine-learning based security, which is taking share and helping the company grow annual recurring revenue by more than 100% year-over-year. 2021 has been a good year for our portfolio and markets. Risk assets have climbed a wall of worry as easy financial conditions and post-vaccine enthusiasm created a favorable market backdrop. Looking ahead to 2022, we remain constructive but increasingly cautious, as the tapering of fiscal and monetary stimulus should reduce support for asset prices. On the positive side, consumer balance sheets remain robust and inventories low, allowing for sell-in, and transitory supply shocks should resolve over the next few quarters. We expect uneven results in the near-term as companies contend with supply, labor, and logistical headwinds. The retail holiday season looks challenging, and notions of what constitutes pricing power at the micro level will show through results as we monitor the path of PPI versus CPI. We are looking for market shifts based on recent actions in China and watching how the path of interest rates and the dollar may impact financial conditions. We have increased the number of single name shorts in our portfolio and expect to take advantage of dislocations in quality and compounder equities. Q3 2021 hedge fund letters, conferences and more Return of “Event-Driven” Investing In our Second Quarter letter, we wrote that event-driven situations looked interesting again, and our portfolio now reflects this view. Four positions are worth highlighting: Vivendi Third Point made an investment in Q1 in shares of Vivendi SE (OTCMKTS:VIVHY), the European media conglomerate. We were attracted by the industry-leading position of its crown jewel asset, Universal Music Group, and the announced separation of that asset as a standalone entity. Our upside calculation was underpinned by a sum-of-the parts analysis and an understanding of the company’s disparate assets. Third Point’s involvement was rumored in the press but in deference to our engagement with the company during a delicate time this Spring, we chose to keep our conversations about tax structure and corporate governance surrounding the spin private. We were pleased that Vivendi’s controlling shareholder, Vincent Bolloré, chose to take meaningful steps forward on governance for the new UMG entity, including commitments for an independent board and the equal treatment of shareholders. We believe these steps eased investor concerns about UMG’s corporate governance that may otherwise have created an overhang in the stock, contributing to UMG’s successful listing in late September. Dell Michael Dell has created substantial value for shareholders since re-listing the company several years ago. Earlier this year, Dell Technologies Inc (NYSE:DELL) announced that it would be spinning its $50 billion stake in VMWare, which we believe will unlock the underappreciated value of the Dell server and PC businesses. Dell’s best attribute has been strong free cash flow generation, which the company has used to de-lever and create significant latent value for equity holders. Looking ahead, we believe this core Dell business, which still trades at a discount to its hardware peer group, should instead command a premium multiple thanks to its leading market share, profitability, and impressive execution. There are few large cap companies which possess a nearly 10% FCF yield, 2.5% dividend yield and 1.5x leverage ratio; Dell is one of them. Entain MGM’s failed approach to acquire Entain PLC (LON:ENT) in January gave us the opportunity to study this iGaming leader ahead of the July expiry of the U.K.’s six month “cooling off” window. We gained an appreciation for the valuable BetMGM JV stake as well as Entain’s vertically integrated tech stack. The shares appeared to offer attractive value without pricing in the prospect for a bid; in short, we thought there was cheap optionality. Entain’s shares rose after DraftKings approached the company in September and remain above pre-offer levels, despite the recent withdrawal of interest, validating the company’s standalone value. It is uncommon to see one company receive two unique bids in the same calendar year, and we think this bodes favorably for Entain’s business and strategic value. Q3 2021 hedge fund letters, conferences and more Prudential PLC During the quarter, Prudential successfully completed its previously announced spin-off of Jackson National and raised additional equity in Asia for the remaining Pru-Asia business. We are pleased to see the value gap begin to close but see considerable additional appreciation potential as Asian-domiciled and other global investors begin to fully appreciate its significant discount to its peers, excellent franchise, and growth potential. New Position: Royal Dutch Shell Third Point initiated a position in Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) (“Shell”) during the second and third quarters. The past two years have been especially challenging for Shell shareholders due to a major dividend cut and well-publicized court case that ordered changes to Shell’s business model. Stepping back further, it has been a difficult two decades for shareholders, with annualized stock returns of just 3% and decreasing returns on invested capital. However, despite the current sour sentiment, we see opportunity for improvement across the board at Shell. Shell is one of the cheapest large cap stocks in the world, trading at under 4x next year’s EBITDA and ~8x earnings at “strip” prices. It also trades at a ~35% discount on most metrics to peers ExxonMobil and Chevron despite Shell’s higher quality and more sustainable business mix. Compared to its peers, Shell generates a much larger percentage of its cash flow and earnings from stable businesses that have a major role to play in the energy transition. For example, Shell is the largest global player in liquified natural gas (“LNG”), which is a critical transition fuel to move off carbon intensive coal-fired power generation. In 2022, we expect the company’s energy transition businesses (LNG, Renewables and Marketing) to generate EBITDA of over $25 billion with sustaining capex of only $5 billion. These businesses account for just over 40% of Shell’s EBITDA but would likely support Shell’s entire enterprise value if they were a standalone company. At the current share price, we believe investors are getting the remaining ~60% of EBITDA (upstream, refining and chemicals) for free. Q3 2021 hedge fund letters, conferences and more Management has been gradually divesting assets that are not aligned with a low-carbon future such as upstream and refining. This is perhaps most evident in Shell’s refining business where the company went from owning 54 refineries in 2004 to only five (by year-end.) This is a remarkable accomplishment. Shell’s massive dividend cut and other asset sales (e.g. Permian) have left it with an under-levered balance sheet with year-end 2021 net debt to EBITDA of well below 1x. This positions Shell to return capital earlier and more aggressively than peers. Given all these positive attributes, why can’t Shell attract investor interest? In our view, Shell has too many competing stakeholders pushing it in too many different directions, resulting in an incoherent, conflicting set of strategies attempting to appease multiple interests but satisfying none. Some shareholders want Shell to invest aggressively in renewable energy. Other shareholders want it to prioritize return of capital and enjoy the exposure to legacy oil and gas. Some investors think Shell should shrink to grow, while we suspect some within Shell seem sentimentally attached to its “super major” legacy. Some governments want Shell to decarbonize as rapidly as possible. Other governments want it to continue to invest in oil and gas to keep energy prices affordable for consumers. Europe paradoxically wants both! Shell’s board and management have responded to this with incrementalism and attempts to “do it all.” As the saying goes, you can’t be all things to all people. In trying to do so, Shell has ended up with unhappy shareholders who have been starved of returns and an unhappy society that wants to see Shell do more to decarbonize. Shell’s board can and must move faster. We believe all stakeholders would benefit from a plan to: Optimize Shell’s corporate structure to reduce cost of capital and allow it to more aggressively invest in decarbonization; Match its business units with unique shareholder constituencies who may be interested in different things (return of capital vs. growth; legacy energy vs. energy transition); Allow each of its business units to more nimbly and effectively react to market and environmental policy developments. Q3 2021 hedge fund letters, conferences and more This should involve the creation of multiple standalone companies. For example, a standalone legacy energy business (upstream, refining and chemicals) could slow capex beyond what it has already promised, sell assets, and prioritize return of cash to shareholders (which can be reallocated by the market into low-carbon areas of the economy). A standalone LNG/Renewables/Marketing business could combine modest cash returns with aggressive investment in renewables and other carbon reduction technologies (and this business would benefit from a much lower cost of capital). Pursuing a bold strategy like this would likely lead to an acceleration of CO2 reduction as well as significantly increased returns for shareholders, a win for all stakeholders. Many ESG investors employ a strategy of buying companies that already have a clean bill of health. A lesson from our prior engagements is that it is often most impactful to invest in companies where the opportunity for positive change is the greatest. While daunting, there is perhaps no bigger ESG opportunity than in “Big Oil”, and specifically, at Royal Dutch Shell. We are early in our engagement with the company but are confident that Shell’s board and management can formulate a plan to accelerate decarbonization while simultaneously improving returns for its long-suffering shareholders. UnitedHealth UnitedHealth Group Inc (NYSE:UNH) is one of the largest healthcare companies in the world and a market leader in both its insurance and healthcare services (Optum) businesses. We initiated our position during the 2020 Presidential election at a time of heightened political and regulatory uncertainty. We believe under its new CEO, Andrew Witty, UnitedHealth can not only preserve its market dominance and sustain industry-leading growth rates across most of its key segments but also enter new healthcare services markets. Witty is known as a mission-driven CEO who clearly articulates his view that providing high-quality, affordable health care services is a social good. He receives consistently high marks from former colleagues, and we believe that his leadership approach will ballast and even strengthen UNH’s already impressive management and employee ranks. The insurance and services businesses are synergistic and complementary, which entrenches United’s critical role in care financing, access, and management. This dynamic gives us confidence in the durability of United’s market leadership. United’s core capabilities across insurance underwriting, cost and clinical datasets, provider care management, and PBM assets – undergirded by an advanced IT infrastructure – bolster their competitive advantage in providing the most robust insurance benefits at the lowest cost. United is also an early adopter of the technology across a variety of care settings such as telemedicine, digital therapeutics, and continuous glucose monitoring technology for their diabetic type 2 population. This provides better tools and care to patients and gives United better visibility on patient health, which leads to better cost control via early intervention. Driven by UNH’s higher-growth businesses like Medicare Advantage (MA) and value-based care MA clinics, as well as strong visibility on growth acceleration post-Covid, we expect the company’s multiple to rise significantly as investors see a path to sustained mid-teens earnings growth. We believe the stock can double in the next three to four years as we see durability of EPS in the mid-teens supported by a high single digit FCF yield while trading in-line with the market. Q3 2021 hedge fund letters, conferences and more Private Investment: Rivian We first took notice of Rivian after its spectacular launch at the L.A. Auto Show in 2018 when it announced two beautifully designed electric off-road vehicles: the R1T truck and the R1S SUV. Rivian is the brainchild of RJ Scaringe, an engineer with a master’s and a doctorate from MIT. We had the opportunity to meet RJ in early 2020 and were deeply impressed by his charismatic vision and approach to designing a new type of automotive company. A car enthusiast with a passion to conserve the environment for future generations, RJ has built a company that is shifting consumer mindsets about what battery electric vehicles can be. The R1T, which officially launched in September 2021, has received rave reviews, with Motor Trend calling it the “future of the pickup truck.” The clean sheet, technology-focused vehicle eliminated long-accepted compromises and delivers an experience that harnesses humanity’s innate adventurous spirit in an environmentally friendly way. Recognizing that personal ownership of vehicles will give way to ride-sharing in the future, Rivian also has the ambition to be major solutions provider to centrally managed fleets. They prudently initiated a relationship with Amazon to develop a range of commercial delivery vans that leverages the same core electric skateboard platform as the R1S/R1T. Amazon has an initial 100,000 vehicle order with Rivian (the largest backlog/order for any electric vehicle company ever at the time) and is also a major investor in Rivian. As Amazon seeks to become a dominant player in logistics while being carbon neutral, we believe that Rivian will be their end-to-end fleet provider of choice. When we learned that Rivian was doing a fund-raising round in late 2020, we expressed our interest and secured a small investment. More importantly, we spent time with RJ and his team. When Rivian did a pre-IPO convert round in July 2021, we were able to participate in a more meaningful way. Rivian recently filed its S-1 and is on track to go public by year-end. Rivian stands out with a compelling brand, an excellent first vehicle, and a unique partnership with Amazon that allows them to scale quickly. They are taking full advantage of the direct-to-consumer model/digital ecosystem to attack the full lifetime revenue potential from vehicles rather than simply an upfront sale. After recently spending a full day with RJ and his team in Normal, Illinois and driving the R1T, we are confident that they are best in class in every way: vision, strategy, talent, execution, partnerships and amount/quality of capital raised so far. The R1T knocked it out of the park, and we are excited to invest with Rivian to support its mission to keep the world adventurous forever. Q3 2021 hedge fund letters, conferences and more Business Updates We recently welcomed three new investment professionals to the team. Their biographies are below: Robert Hou joined our team as Head of Insurance Solutions to develop investment strategies and manage portfolios for our insurance clients. Prior to joining Third Point, Mr. Hou was a portfolio manager at Blackstone in the Insurance Solutions business. His background includes FIG Investment Banking and Corporate Development at BlackRock, Deutsche Bank and Merrill Lynch. Mr. Hou graduated from Stanford University with a B.A. in Economics. Daniel Lee joined our Structured Credit group. Prior to joining Third Point, Mr. Lee was in-house counsel at Nomura Securities International, Inc. covering securitized products. Mr. Lee spent five years as a structured finance associate at Weil, Gotshal & Manges LLP and four years as an associate at Cadwalader, Wickersham & Taft LLP. Mr. Lee graduated with a J.D. from Washington & Lee School of Law and holds a B.A. from Binghamton University. Luana Majdalani joined our equity team as an analyst. Prior to joining Third Point, she worked at Blackstone in private equity. She started her career at Evercore Partners in its merger & acquisitions advisory group. Ms. Majdalani graduated with a Master in Financial Mathematics from Princeton University and holds a BSc in Economics from the University College London (UCL). Q3 2021 hedge fund letters, conferences and more Sincerely, Daniel S. Loeb Updated on Oct 27, 2021, 1:32 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK6 hr. 19 min. ago Related News

The UK Government Sets Out Green Commitments Ahead Of Budget

The Chancellor is laying out a series of green finance safeguards ahead of the Budget including a block on “greenwashing”. Q3 2021 hedge fund letters, conferences and more The UK has announced plans to launch a £400m package of investment through a partnership with Bill Gates for the development of green technologies. The UK government […] The Chancellor is laying out a series of green finance safeguards ahead of the Budget including a block on “greenwashing”. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more The UK has announced plans to launch a £400m package of investment through a partnership with Bill Gates for the development of green technologies. The UK government has also set out its long-awaited strategy to reach its target of net zero emissions, which includes an expansion of electric vehicles. The UK Government's Green Commitments Emma Wall, Head of Investment Analysis at Hargreaves Lansdown “Investors have been backing the green economy for some time – they haven’t waited for Rishi and Boris to make these commitments. We’ve seen flows into sustainable funds on our platform up 6,000% over the past five years. And these funds now total $2 trillion globally. There are a number of factors at play here – investors are more socially aware - the pandemic has exacerbated inequality and younger investors in particular want to tackle this. Regulatory change has created investment opportunities, and performance plays a part too. Last year funds which didn’t invest in fossil fuels outperformed the market, as energy prices crashed and green-tech companies excelled. It’s a different story of late of course, with energy prices rising rapidly, but the structural themes remain. But the popularity of responsible funds has become problematic as investment providers jump on the bandwagon, leading to accusations of greenwashing – saying you have better environmental credentials than you do. The EU has already cracked down on providers and the US has launched investigations, and now the UK is following suit. Rishi Sunak has today published new Sustainability Disclosure Requirements for fund managers which it has developed with support from the UK regulator and pension schemes and fund managers will have to "clearly justify any sustainability claims.” About Hargreaves Lansdown Over 1.64 million clients trust us with £135.5 billion (as at 30 June 2021), making us the UK’s largest digital wealth management service. More than 98% of client activity is done through our digital channels and over 600,000 access our mobile app each month. Updated on Oct 27, 2021, 1:56 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK6 hr. 19 min. ago Related News

Meeting Three Existential Challenges

The world is now faced with three existential challenges – climate change, COVID, and authoritarianism. Not since the 1930s and 1940s have we been in such great peril. Q3 2021 hedge fund letters, conferences and more The Good Guys And The Bad Guys During those decades, the great challenges were a worldwide depression and the […] The world is now faced with three existential challenges – climate change, COVID, and authoritarianism. Not since the 1930s and 1940s have we been in such great peril. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more The Good Guys And The Bad Guys During those decades, the great challenges were a worldwide depression and the spread of fascism. The United States, under the leadership of President Franklin Roosevelt, was able to meet these challenges, but only after a tremendous amount of human suffering and loss of life. In political terms, most of the good guys were Democrats and most of the bad guys were Republicans. After all, it was the largely hands-off presidential leadership of Presidents Calvin Coolidge and Herbert Hoover that got us into the Great Depression, and it was the American-firsters – most of whom were Republicans – who slowed our rearmament and entry into World War II. But there were many vile Democratic politicians – especially in the South – who had virtual veto power to prevent negroes from benefiting from any federal government measures to end the Great Depression or to fight World War II. In addition, Roosevelt bears full responsibility for our lack of preparedness for the Japanese attack on Pearl Harbor. Once we entered World War II, nearly every American – Republicans and Democrats – joined in the effort to defeat Germany and Japan and make the United States and much of the rest of the world safe from fascism. Dealing With The Three Existential Challenges Today, we need to ask: How are the Republicans and Democrats trying to deal with climate change, COVID, and authoritarianism? The answers are crystal clear: Virtually all of the Democrats in Congress and in the Biden administration are fully committed to taking very strong measures to curb climate change, get America fully vaccinated, and fight authoritarianism in the United States and abroad. And the Republican politicians? With just a few vocal exceptions, they are ignoring – if not denying -- climate change, against urging or requiring Americans to get vaccinated, and are willfully imperiling our democratic form of government solely to return Donald Trump to the White House, even if that results in creating an autocracy. What is most frightening is that the Republicans appear to have an excellent chance of regaining control of the federal government within the next three years. They are now favored to recapture the House – and very possibly the Senate – in 2022, and maybe even the presidency in 2024. Because the Republicans have become the party of authoritarianism, they have no qualms about cheating their way to electoral victory by passing laws curbing voting rights and taking over the election apparatuses in many states. In fact, they may succeed in destroying democracy itself by convincing Americans not to bother voting because our electoral system has been corrupted. Updated on Oct 27, 2021, 2:21 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK6 hr. 19 min. ago Related News

Ray Dalio: Principles For Dealing With The Changing World Order

Ray Dalio: Principles For Dealing With The Changing World Order.....»»

Category: blogSource: VALUEWALK8 hr. 3 min. ago Related News

How Entrepreneurs can Guard Against a Ransomware Attack

Ransomware attacks are on the rise. If everyone at your business isn’t careful, you could end up at the mercy of a ransomware hacker – costing you thousands, or even millions of dollars (not to mention a major blow to your reputation). Fortunately, there are strategies that can help you guard against a ransomware attack […] Ransomware attacks are on the rise. If everyone at your business isn’t careful, you could end up at the mercy of a ransomware hacker – costing you thousands, or even millions of dollars (not to mention a major blow to your reputation). Fortunately, there are strategies that can help you guard against a ransomware attack – and mitigate the damage, should one occur. What Is a Ransomware Attack? Do you know what a ransomware attack is exactly? Ransomware is a type of malware that demands payment (the “ransom”) from its victims in exchange for unlocking the victim’s device or preventing the release of sensitive information. Ransomware can function by completely locking users out of their own devices – sometimes affecting hundreds to thousands of employees at once – and unless the ransom is paid (usually via cryptocurrency), everyone will remain locked out. Some ransomware hackers may also seize personal information or proprietary information and threaten to publish it if the ransom is not paid. The Importance of Cloud Backups The most important tool you have in this fight is cloud backup software, which negates the threat of most kinds of ransomware. When you have the right cloud backup tools, you can back up all your systems and company data on a regular basis. If a cybercriminal should seize control of your systems and physical devices, you won’t lose any data – and you can simply restore your system to a previous version as if nothing has happened. How to Prevent Ransomware Attacks Even with cloud backups in place, it’s a good idea to make a systematic effort to prevent ransomware attacks from victimizing your business. This could save you a lot of time, money, and hassle – and protect your company image. These are seven of the best strategies to employ: Train all employees to follow these precautionary measures. For starters, make sure all your workers are trained on how to prevent ransomware attacks. If even one individual commits a simple mistake, such as giving out a password or using an unknown flash drive, it could compromise your entire network. Keep your systems up to date. Most software developers and tech companies are constantly on the lookout for potential threats. If there’s a security vulnerability in their system, they’ll identify it and issue a patch – but that patch can only protect you after you download and install it. For this reason, it’s crucial to keep all your internal systems up to date. Turn on automatic updates to make it more certain. Don’t click on unsafe links. A common vector for ransomware attacks involves duping people into clicking a link to a fraudulent web page. If you refrain from clicking untrustworthy links, you can avoid this vector altogether. That may be easier said than done since some fraudulent links can appear trustworthy – but most of the time, suspicious links are easy to spot. Don’t open suspicious email attachments. Similarly, it’s important never to open untrusted email attachments. Images, PDFs, and other file types may contain malware that can infect a single computer and invade an entire network from there. You should only download attachments from users you trust and make it a practice to scan email attachments as they come in for additional protection. Don’t plug in unfamiliar USB drives or discs. Curious employees are sometimes tempted to insert flash drives, CDs, and other storage media into their computers – just to see what’s on them. However, this can be a critical mistake. If the storage drive is loaded with malware, it could easily infect the device. If you don’t know and trust the device, it shouldn’t be plugged into your computer. Use strong password protocols. Make sure you follow strong password protocols. All your employees’ passwords should be as robust as possible, with a long string of characters that includes a mix of uppercase letters, lowercase letters, special symbols, and numerals. In addition, nobody should use the same password for multiple different accounts – and it’s a good idea to change passwords on a fairly regular basis. Train your employees never to give out their password to anyone – even if it’s requested by someone who appears to have appropriate authority. Use firewalls and VPNs. Firewalls aren’t capable of protecting your business from every threat, but they can help you filter out certain types of traffic, and better control the flow of information across your network. Similarly, VPNs will provide an additional layer of security – especially if you’re using public WiFi. These prevention strategies should be sufficient to guard against the majority of ransomware attackers. But if you’re ever the victim of an invasion, don’t pay the ransom; even if you did, there’s no guarantee the attackers will follow through on their promises. Instead, revert to a previous iteration of your systems. If you’ve been backing up regularly, this shouldn’t be an issue. Updated on Oct 27, 2021, 12:32 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK8 hr. 3 min. ago Related News

Shrinking US Crude Reserves Might Confirm the Trend Now!

Oil prices rose again on Tuesday, approaching multi-year highs amid concerns over steadily shrinking US crude reserves. Q3 2021 hedge fund letters, conferences and more Fundamental Analysis U.S. API Weekly Crude Oil Stock: Inventory levels of US crude oil, gasoline and distillates stocks, American Petroleum Institute (API) via Investing Regarding the API figures published Tuesday, […] Oil prices rose again on Tuesday, approaching multi-year highs amid concerns over steadily shrinking US crude reserves. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Fundamental Analysis U.S. API Weekly Crude Oil Stock: Inventory levels of US crude oil, gasoline and distillates stocks, American Petroleum Institute (API) via Investing Regarding the API figures published Tuesday, the increase in crude inventories (with 2.318 million barrels versus 1.650 million barrels expected) implies weaker demand and is normally bearish for crude prices. However, we have a strongly bullish context, where the supply is still voluntarily – or not – narrowed by the OPEC+ and the global demand increases. What has to be synthesized from this report are the consecutively decreasing figures week-on-week, which are lifting prices higher. Today, we have to see whether or not these figures will be confirmed by the weekly Energy Information Administration's (EIA) report… But there is very little doubt that they won’t be, given the current environment in which black gold is progressing. Geopolitical Context On the international scene, a meeting between Iran and the European Union is likely to happen fairly quickly since the Iranian deputy minister in charge of the nuclear issue, Ali Bagheri, will meet with an European negotiator Enrique Mora this week in Brussels to discuss a resumption of negotiations in Vienna. There is no need to specify that if the negotiations are successful, the easing of sanctions will lead to the return of a large-volume market of black gold, which is currently under embargo. Chart WTI Crude Oil (CLZ21) Futures (December contract, daily chart) To sum up, we now have some context on how the oil market might develop in the forthcoming days, with some events and news to monitor, as they could have a moderated to strong impact on the ongoing lack of supply… In our daily alerts, we also analyze other markets and assets (ETFs, Futures, MLPs, stocks, etc.) of the oil and gas sector in order to get some exposure to the energy industry. Regarding natural gas, yesterday we provided a new trade plan to our members, following the last trading position, which successfully hit all the projected targets. Stay tuned to receive our next projections! Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Sebastien Bischeri Oil & Gas Trading Strategist The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice. Updated on Oct 27, 2021, 12:44 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK8 hr. 3 min. ago Related News

How To Profit Off The $219 Billion (And Growing) DeFi Sector

It was inevitable for Bitcoin to launch. Roger Ver even said the Bitcoin ledger was the single most important innovation after the internet. Q3 2021 hedge fund letters, conferences and more The traditional finance scene finds itself in stasis. This is how: It has been over forty years since SWIFT revolutionized finance, allowing for easy […] It was inevitable for Bitcoin to launch. Roger Ver even said the Bitcoin ledger was the single most important innovation after the internet. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more The traditional finance scene finds itself in stasis. This is how: It has been over forty years since SWIFT revolutionized finance, allowing for easy and "faster" cash flow across borders. The problem is-- its rails are under the control of centralized megaliths in banking that smoothers innovation to protect its turf. They watch every step. Besides, SWIFT as a solution is comparatively expensive and settlement isn't instantaneous. The Bitcoin Lint The anonymous and mysterious creator of Bitcoin, Satoshi Nakamoto, wanted something different to escape the chaos of the Great Financial Crisis of 2008-09. The protocol launched and has grown to be a disruptive and highly adopted force. Just recently, through its principal regulator, the Securities Exchange Commission (SEC), the U.S government approved of an Exchange-Traded Fund tracking Bitcoin Futures. It is a watershed moment for crypto marking the age of institutionalization. DeFi Expands On What Bitcoin Built While Bitcoin focuses on remittance and is purely a transactional layer, the advent of smart contracts on Ethereum ushered in a new era extending what digital gold offers. After several years of experimentation, DeFi dominates smart contracting as an emerging asset class that even regulators in the United States note as essential development. They acknowledge the decentralization of the underlying technology and the power of the community behind DeFi as an innovation that could even help steady the global financial industry. At the time of writing, there are over $219 billion of assets locked in various DeFi protocols across platforms such as Ethereum, the Binance Smart Chain (BSC), Polygon, Tron, and more. Since Ethereum is the first DeFi platform, it dominates activity, managing over $97 billion of various digital assets. Incentivization And Income Diffusion Is The New Cool What's interesting about DeFi is the incentivization aspect. It builds on what makes its base layer—Ethereum—or any other smart contracting platform--robust, rewarding participants. For example, successful Ethereum miners receive 3 ETH after every other block. In DeFi protocols, participants, who, for instance, stake their coins or supply liquidity to decentralized exchanges' liquidity pools, are rewarded with the platform's native token. Considering the solutions offered by the different DeFi protocols in finance, their tokens are valuable, often commanding billions or hundreds of millions in market cap. According to trackers, the most valuable DeFi tokens—Uniswap (UNI), Terra (LUNA), and Avalanche (AVAX)—cumulatively have a market cap of over $40 billion. The figure could be higher with increasing adoption and entry of new users angling to earn income from DeFi. DeFi Is Community-Driven And Income Generating There are no barriers to entry in DeFi since the space is open source and community-driven. As a result, even new users without prior experience in blockchain can find hooks in the sphere and a chance to earn income. What's more, there are various strategies to use to earn an income in DeFi. Sometimes, these opportunities can be found in a single application. The Nimbus Protocol, for instance, is a duo-token platform operating as a DAO in Ethereum and the Binance Smart Chain (BSC). Community driven, the platform allows users to sustainably earn income from multiple streams, including lending, staking, through P2P services, and more. In total, the protocol provides 16 different revenue streams for users while operating as a DAO registered in Malta. Presently, there are over 57k users connected to the platform with at least 28k active wallets pinged to various countries across the globe. The Kava Protocol can also be an alternative for users. It is interoperable and recently activated Kava Lend—previously the Hard Protocol—a multi-chain money market trustless operating on the scalable, cross-chain layer. Besides, users can also stake assets to earn income. Overall, this protocol can be described as a cross-chain DeFi hub operating as a trustless bank connecting users with digital asset products like stablecoins, loans, and interest-bearing accounts. On platforms like Yearn Finance, users have a chance to earn income from DeFi through yield farming. The protocol operates as a yield aggregator, allowing its users to earn YFI tokens when they lock digital assets on its contracts running on Curve and Balancer using Yearn Finance. However, the protocol has several products like Earn, Zap, Vaults, and APY. Through Earn, for instance, the protocol can automatically pick out which asset offers the highest lending rates for its users. On the other hand, the vault comprises various investment strategies allowing users to earn highest returns from other DeFi projects. Top 3 Income Earning Strategies In DeFi While income generating streams are many as illustrated above, these are the top three income earning methods in open finance: Lending To get started here, DeFi users need to acquire ETH or any other high-profile ERC-20 fungible token like, say, Chainlink (LINK) or a stablecoin. Once a user gets past this hoop, it is straightforward what they can do next: Lend. The process is trustless, paperless, and entirely controlled by an audited, secure smart contract. The user lends their asset, which is then locked in the protocol for a given period in exchange for interest rates which are usually higher than traditional interest-bearing accounts offered by banks. Borrowers can then access this facility, receiving loans that are overcollateralized, protecting the network against unexpected shocks. Besides, it guarantees that the collateral can sufficiently cover the loan taken just in case of a default. Staking A user can also choose to stake their assets. However, it should be noted that staking only applies in Proof-of-Stake consensus platforms. These blockchains include Cardano, Algorand, Tezos, and many others. There are various ways of staking. A user can run a full node and lock the minimum amount set by the network to qualify in validating transactions in exchange for block rewards. In Tezos, for example, a user must stake at least 8k XTZ coins to qualify as a validator (baker). Meanwhile, in Eth2, the minimum is 32 ETH. Since these requirements are steep, staking can be done through an exchange like Coinbase or Binance or delegated through third-party providers. In all, stakers earn passive income higher and thus attractive. Liquidity Provision Decentralized exchanges like Uniswap or PancakeSwap depend on liquidity providers who supply assets to listed liquidity pools. In exchange for supplied liquidity, they receive a share of the exchange's revenue, which is earned from transaction fees, represented as Liquidity Provider tokens. While attractive and seemingly providing an opportunity for passive income, a user can lose money through impermanent loss caused by fluctuation of asset prices, sometimes wiping out gains received from liquidity provision. Conclusion DeFi is a drawer guided by smart contracts launched on trustless environments without KYC and AML requirements. This explains the billions of assets locked in various protocols. Analysts maintain that the sphere is still nascent. More innovation anchored on automation would continue to release more income-generating opportunities for users. Nonetheless, while attractive, users shouldn't participate blindly. There have been multi-million losses through rug pulls and exploits. As such, users, regardless of their adopted strategies, must do their due diligence, avoiding unaudited smart contracts to remain safe. Updated on Oct 27, 2021, 11:27 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK9 hr. 3 min. ago Related News

42 Million People Could Be Saved From Starvation With $6 Billion Donation From Musk, Bezos

David Beasley, the executive director for the UN’s World Food Programme said that one single $6 billion donation from the world’s biggest billionaires, including Elon Musk and Jeff Bezos –founders of Tesla Inc (NASDAQ:TSLA) and Amazon Inc (NASDAQ:AMZN) respectively– could save millions from starvation. Q3 2021 hedge fund letters, conferences and more Donation The assertion […] David Beasley, the executive director for the UN’s World Food Programme said that one single $6 billion donation from the world’s biggest billionaires, including Elon Musk and Jeff Bezos –founders of Tesla Inc (NASDAQ:TSLA) and Amazon Inc (NASDAQ:AMZN) respectively– could save millions from starvation. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Donation The assertion came during an interview Beasley gave to CNN on Tuesday during which he said, “The governments are tapped out… This is why and this is when the billionaires need to step up now on a one-time basis. Six billion dollars to help 42 million people that are literally going to die if we don't reach them.” “It's not complicated. I'm not asking them to do this every day, every week, every year,” he added. According to a May report by the UN, at least 155 million people were dealing with food insecurity last year. Within this number, 42 million were believed to be “at the most dire level” and were “knocking on famine's door” due to the convergence of COVID-19, climate change, and conflict. Beasley pointed to how Bezos had increased his worth by more than $6 billion during the pandemic, and added that Musk had just seen a net-worth surge by the same amount in one day. Forbes estimated Elon Musk's net worth at $253.8 billion and Bezos' at $196.1 billion as of Wednesday. Heartfelt Plea Business Insider asserts that “Both executives' fortunes are mostly a result their ownership of shares in companies they founded. Musk, for instance, saw his net worth rise by tens of billions of dollars on Monday alone as Tesla's stock soared on news of a large vehicle order by the car-rental firm Hertz.” Beasley told CNN, “The top 400 billionaires in the United States, the net-worth increase was $1.8 trillion in the past year… All I'm asking for is 0.36% of your net-worth increase.” “I'm for people making money, but God knows I'm all for you helping people who are in great need right now. The world is in trouble." Beasley went on to invite any billionaire on a trip so they could see the issue for themselves, and also said: "We got a vaccine for this –it's called money, food. It's easy. Billionaires need to step up. Tesla and Amazon are part of the Entrepreneur Index, which tracks 60 of the largest publicly traded companies managed by their founders or their founders’ families. Updated on Oct 27, 2021, 11:34 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: VALUEWALK9 hr. 3 min. ago Related News

Carl Icahn Recommends Southwest Gas Sell Centuri Group

What’s New In Activism: Carl Icahn vs SWX Carl Icahn recommended Southwest Gas Holdings Inc (NYSE:SWX) sell its construction business, Centuri Group, while continuing to call for the utility to abandon a planned pipeline deal. Q3 2021 hedge fund letters, conferences and more “If SWX really wanted to improve its balance sheet, it would cancel […] What’s New In Activism: Carl Icahn vs SWX Carl Icahn recommended Southwest Gas Holdings Inc (NYSE:SWX) sell its construction business, Centuri Group, while continuing to call for the utility to abandon a planned pipeline deal. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more "If SWX really wanted to improve its balance sheet, it would cancel this absurd acquisition, sell Centuri, and use a portion of the proceeds to improve the balance sheet, allocating some portion of the proceeds towards the funding of future growth," wrote Icahn, in an October 20 open letter. The 4.9% shareholder previously stated he would launch a proxy contest to replace the entire board in protest against the utility's planned $2 billion acquisition of Questar Pipelines. He also plans to commence a cash tender offer for Southwest Gas at $75 per share. Southwest Gas has so far rejected Icahn’s recommendations, arguing that Questar Pipelines is an "especially compelling asset" that aligns with the company. Icahn responded by saying that management has not provided any "hard details...with equity dilution still being one of the largest variables." To arrange an online demo of Activist Insight Online, send us an email. Activism chart of the week So far this year (as of October 22, 2021), globally, 74 companies were publicly subjected to environmental activist demands. That is compared to 58 in the same period last year. Source: Insightia (Activist Insight Online) What’s New In Proxy Voting: DoL New Rule The U.S. Department of Labor (DoL) proposed a rule permitting pension plan fiduciaries to consider climate change and other ESG factors when selecting investments and exercising shareholder rights. The October 20 proposed rule, "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights," states that "climate change and other ESG factors are often material and that fiduciaries should consider climate change and other ESG factors in the assessment of investment risks and returns." The announcement follows President Joe Biden's Executive Order 14030 on May 20, which directed the federal government to implement policies to help safeguard the financial security of U.S. families, businesses, and workers from climate-related financial risks. If approved, the new rule would overturn a Trump-era policy which required Employee Retirement Income Security Act (ERISA) plans to "select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment." To arrange an online demo of Proxy Insight Online, send us an email. Proxy chart of the week U.S. investors supported Russell 3000 "say on pay" votes 84.8% of the time this proxy season (July 1, 2020 - June 30, 2021). European investors supported these proposals just 51.5% of the time. Source: Insightia (Proxy Insight Online) What’s New In Activist Shorts: NextPlay Shorted White Diamond Research disclosed a short position in technology company Nextplay Technologies Inc (NASDAQ:NXTP), accusing it of having "very little functional business." In an October 20 report, White Diamond said NextPlay used to be an over-the-counter stock until it was up-listed to the Nasdaq in July this year and, apart from its HotPlay subsidiary, the company makes very little revenue. White Diamond alleged that there was a stock pump at NextPlay which bumped the stock from $1.26 per share to $3 per share during a period when there was no news. The co-chairman and co-CEO of NextPlay, John Bonner, and his wife Nithinan Boonyawattanapisut were both fired from a previous company, Axion, and a court found that their dismissals were "warranted based on their conduct concerning their covert transaction to create NextPlay in concert with Monaker Group." Axion, which is now a penny stock, is also currently suing NextPlay for allegedly stealing its intellectual property for HotPlay. To arrange an online demo of Activist Insight Shorts, send us an email. Shorts chart of the week So far this year (as of October 22, 2021), eight basic materials companies have been publicly subjected to an activist short campaign. That is up from six in the same period last year. Source: Insightia (Activist Insight Shorts) Quote Of The Week This week's quote comes from Metage Capital's Richard Webb in an open letter to Third Point Capital's Daniel Loeb. “To Mr Loeb, toughen up and take some of your own medicine,, it’s not actually that bad. Who knows? You may even feel better, knowing that you have done the right thing for your investors.” – Richard Webb Updated on Oct 26, 2021, 4:59 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

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