Forbes (June 28)
“The question on everybody’s mind in the crypto world is whether we’ve reached the market bottom. Nearly $2 trillion in crypto market value has evaporated since November…. But the fallout is far from complete.” With over “600 crypto exchanges around the world operating in a largely unregulated frontier,” there are others that are already insolvent. Many promised unreasonably high yields, which “worked fine when crypto was going nowhere but up. It looks disastrous now.”
Tags: Bottom, Crypto, Crypto exchanges, Fallout, Insolvent, Market, Promised, Unregulated, Value, Yields
New York Times (February 13)
“Covid has made us reconsider everything, the meaning of home and work, the value of public space, the magnitude and immediacy of death, what it truly means to be a member of a society. We are still finding the answers to those questions, but the America we knew ended in 2019.”
Tags: 2019, Answers, Covid, Death, Home, Immediacy, Magnitude, Meaning, Public, Questions, Reconsider, Society, Space, U.S., Value, Work
CNN (February 3)
“Meta Platforms, the company formerly known as Facebook, just had its worst trading day in its history as a public company,” dropping $240 billion or 26% of its market cap. “The eye-popping drop in value is a reminder of just how massive the tech giant really is. Meta’s market cap has now declined by an amount that is greater than the total valuation of most public companies.”
Tags: $240 billion, Drop, Eye-popping, Facebook, Giant, Market-cap, Massive, Meta Platforms, Tech, Trading, Value, Worst
Washington Post (January 26)
“Thousands of Americans who jumped into crypto investing over the past two years in hopes of a rocket ride to instant wealth now face a similar reckoning: Prices for cryptocurrencies… have cratered since reaching all-time highs in early November, wiping out an astonishing $1.35 trillion in value globally, nearly half of the total market.”
Tags: Cratered, Crypto investing, Cryptocurrencies, Instant wealth, Market, Prices, Reckoning, Rocket ride, U.S., Value
Financial Times (November 25)
“Tesla’s market value has surged to $500bn after a fresh wave of buying ahead of the electric-car maker’s debut on the blue-chip S&P 500 stock index next month.” Up over 600% this year, shares yesterday rose to $540. “Tesla’s market cap now exceeds “Toyota, Volkswagen, Hyundai, General Motors and Ford combined.”
Tags: Blue-chip, Buying, Debut, Electric car, GM, Hyundai, Market-cap, S&P 500, Surged, Tesla, Toyota, Value, Volkswagen
Responsible Investor (June 9)
“Only in finance can a product lose 24% of its value and be celebrated as success. Since traditional benchmarks have lost more than ESG funds since the beginning of the year, ESG is feted by some as a success, a ‘refuge’.” Kudos, however, are not in order. “The rude fact is that, on the whole, ESG risk management frameworks did not prepare us for the inevitability of the pandemic. They did not help investors and banks anticipate the crisis, nor how to navigate it. The pandemic is a failure of mainstream risk management frameworks. Sadly, it is also a failure of ESG risk management frameworks.”
Tags: Banks, Benchmarks, Crisis, ESG funds, Finance, Frameworks, Investors, Pandemic, Refuge, Risk management, Success, Value
Market Watch (July 31)
“Both Facebook and Netflix saw their shares fall into bear-market territory on Monday, defined by a decline of at least 20% from a recent peak, and nearly 40% of the S&P 500’s technology sector is in correction territory.” Some say there’s been a seismic shift, but “it remains to be seen if the recent moves represent a sea change for a reemergence for value, which has been overshadowed by growth plays, or if moves of the past few days are a blip.”
Tags: Bear market, Correction, Facebook, Growth Blip, Netflix, S&P 500, Shares, Technology sector, Value
Institutional Investor (August 27)
Gold is losing “its luster as an asset class.” Long considered a “hedge against inflation, currency volatility and geopolitical turmoil,” many experts are now questioning gold’s status as a legitimate investment. “Gold has failed to benefit from global economic and political turbulence recently…. Given that gold offers investors no yield, if it doesn’t rise in value during episodes like these, investors don’t have many reasons to hold it.”
Tags: Asset class, Currency volatility, Geopolitical turmoil, Gold, Hedge, Inflation, Investment, Investors, Turbulence, Value, Yield
The Economist (March 28)
“More and more money is being spent on higher education. Too little is known about whether it is worth it.”
Tags: Higher education, Money, Value
USA Today (May 28)
“Despite what politicians say,” entrepreneurs don’t create many jobs. “Successful entrepreneurs almost always create real value in the economy and grow the economic pie for all of us,” but they “do not always create enormous numbers of jobs, particularly for the middle class.” In fact, “the creative destruction that accompanies entrepreneurship today often destroys middle-class jobs.”
Tags: Creative destruction, Economy, Entrepreneurs, Jobs, Middle class, Politicians, Value
