Week In Review 06/25/2017

MSCI includes Chinese stocks in its global index

  • Reuters on China’s poor corporate governance: China ranks ninth out of 11 Asian economies for corporate governance, according to the ACGA. Its overall scores have declined since 2014.
  • FT on the market’s reaction to the decision: “MSCI’s move means mainland equities, known as A-shares, will next year be included in its flagship emerging markets index, obliging the estimated $1.6tn of investment funds that track the index to buy the stocks.”
  • Fortune on the stocks included: “In total, those 222 companies are worth $3.8 trillion in combined market value, but will account for a mere 0.7% of the MSCI’s emerging market index.”

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Week In Review 06/18/2017

Fed Raises Rates

  • From 1.00 percent to 1.25 percent: The Fed also gave a first clear outline on its plan to reduce its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities, most of which were purchased in the wake of the 2007-2009 financial crisis and recession.”
  • Neel Kashkari continues to dissent: “In short, the economy is sending mixed signals: a tight labor market and weakening inflation.”

Continue reading “Week In Review 06/18/2017”

The beginning

“Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most people get what they deserve.” – Charlie Munger

“Each day acquire something that will fortify you against poverty, against death, indeed against other misfortunes as well; and after you have run over many thoughts, select one to be thoroughly digested that day.” -Seneca

Follow along on my daily journey to become wiser. The road taken will focus on security analysis but there will also be detours into the worlds of math, programming, human nature, physics, nature, history, and economics.

My goal is to realize my potential and help others do the same. Hope you enjoy.