There is an extremely concerning trend in the US market that is probably going to end in tears. The Robinhood app has created an army of totally inexperienced traders who are using extremely complicated financial instruments to trade stocks. Robinhood was founded in 2013 on the premise of no trading fees and no minimum account values. This may sound like …
View PostIt’s important to form a view. It’s even more important to be open to changing it. I’ve never taken Bitcoin seriously, but based on recent institutional interest in cryptoassets, I decided to research and learn more. Note that I said “cryptoassets” rather than “cryptocurrencies” – more on that later. Nine pages to rule them all In 2008, a white paper …
View PostIt’s important to form a view. It’s even more important to be open to changing it. I’ve never taken Bitcoin seriously, but based on recent institutional interest in cryptoassets, I decided to research and learn more. Note that I said “cryptoassets” rather than “cryptocurrencies” – more on that later. Nine pages to rule them all In 2008, a white paper …
View PostYou may well recognise the term Blue Ocean Strategy. It’s the redacted name of an iconic strategy book written by W Chan Kim and Renée Mauborgne: Blue Ocean Strategy – How to Create Uncontested Market Space and Make the Competition Irrelevant. I know what you’re thinking. It sounds like the stuff your annoying mate doing his MBA tries to tell …
View PostThe market operates in cycles. Things heat up; things cool off. When people tell you to “look through the cycle,” they are referring to the need to ignore the short-term fluctuations and invest in high-quality companies that will do well over an extended period. I often reference Microsoft as a powerful example of this. It is the only company that …
View PostWay back in 2007, there was a smartphone manufacturer whose share price tripled in a 12-month period. No, it wasn’t Apple. It wasn’t Samsung. It wasn’t Huawei. It was BlackBerry. We all had them. It meant you could speak to your mates and significant other for a fraction of the cost. Teens and students left Mxit and joined BBM. Companies …
View PostIt must take incredible confidence to undertake a hospitality stock IPO during a global pandemic that has grounded nearly all travel, but that is exactly what Airbnb is about to do. The peer-to-peer home-sharing company recently released its prospectus for an initial public offering (IPO), giving us our first in-depth look at its operations. A specific date for the IPO …
View PostIt must take incredible confidence to undertake a hospitality stock IPO during a global pandemic that has grounded nearly all travel, but that is exactly what Airbnb is about to do. The peer-to-peer home-sharing company recently released its prospectus for an initial public offering (IPO), giving us our first in-depth look at its operations. A specific date for the IPO …
View PostIt must take incredible confidence to undertake a hospitality stock IPO during a global pandemic that has grounded nearly all travel, but that is exactly what Airbnb is about to do. The peer-to-peer home-sharing company recently released its prospectus for an initial public offering (IPO), giving us our first in-depth look at its operations. A specific date for the IPO …
View PostSirius Real Estate is one of the better-named companies on the JSE. Not to be confused with the Harry Potter character of the same name, Sirius was established in 2007 and initially listed on the AIM, the development board in London. An AltX listing was added in 2014 (the JSE’s development board) before the listing moved to the main board …
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