The Atlantic (July 21)
“Crucial systems across the world collapsed on Friday, triggered by one mistake in a single company…. It may end up being the worst information-technology disaster in history. This was not, however, an unforeseeable freak accident, nor will it be the last of its kind” unless we prioritize “decentralized resilience” over “hyperconnected optimization.”
Tags: Collapsed, Crucial, Decentralized resilience, Freak accident, hyperconnected optimization, IT disaster, Mistake, Systems, Triggered, Unforeseeable, Worst
Institutional Investor (June 10)
“The gap between the best and worst performing outsourced chief investment officer firms is growing — and clients aren’t happy about it…. Among providers that serve endowment and foundation clients, there is significant dispersion — 200 basis points or more — in returns between the top and bottom quartile firms.”
Tags: 200 basis points, Best, Chief investment officer, Clients, Dispersion, Endowment, Foundation, Gap, Outsourced, Performing, Returns, Worst
Bloomberg (October 27)
“The VIX is at 20, stocks are on the brink of their worst October in five years, and every other day the bond market throws a fit. For equity bulls conditioned to dive in at any sign of weakness, it’s getting to be too much. Across investor categories, they’re pulling money out” and moving to a defensive posture.” But “from a contrarian standpoint, all the gloom is a positive, suggesting latent buying power should sentiment ever flip.”
Tags: Bond market, Buying power, Contrarian, Defensive posture, Equity bulls, Fit, Gloom, Investor, Latent, October, Positive, Sentiment, VIX, Weakness, Worst
Earth.Org (August 25)
“Southwest China is battling the worst drought in more than half a century. Rainfall in the Yangtze River Basin is at its lowest since 1961, down 45% from last July.” Some places “have not seen rain in more than two months” and Yangtze water levels “have halved, affecting trade, limiting drinking water supplies, and causing rolling blackouts.”
Tags: 1961, Drinking water, Drought, Halved, Lowest, Rainfall, Rolling blackouts, Southwest China, Trade, Water levels, Worst, Yangtze River Basin
Forbes (August 24)
“Europe’s worst drought and heatwave in half a millennium is also a disaster in the realm of energy.” Though unspeakable suffering has followed in its wake, “it is the drought, especially the drying of European rivers, which should worry everyone the most…. Rivers are Europe’s economic and transportation backbone, and their drying will drive up energy and commodity prices” and stifle logistics and energy production. “Rivers form an invisible but vital infrastructure to every part of the European economy, and energy is no exception.”
Tags: Backbone, Commodity prices, Disaster, Drought, Drying, Energy, Europe, Heatwave, Logistics, Millennium, Rivers, Suffering, Transportation, Worst
Motley Fool (July 2)
“During the first six months of 2022, the S&P 500 dropped 20.6%, marking its worst first-half performance since 1970” while “the Dow had its largest first-half drop since 1962” and “the Nasdaq… had its largest percentage drop in its history.” This has left “a lot of investors worried, and understandably so. But while things might seem bleak right now, the reality is that investors really shouldn’t panic.”
Tags: 1962, 1970, 2022, Bleak, Dow, Drop, First-half, Investors, Nasdaq, Performance, Reality, S&P 500, Worried, Worst
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
Financial Times (April 19)
“India’s currency has swung from emerging market leader to laggard as the country battles a ferocious wave of coronavirus infections, prompting concerns among global investors that a nascent economic recovery will crumble.” During Q1, the rupee was “the only emerging market currency to gain ground on the dollar.” Since April, it has plummeted 3%, “the worst performance” of its peers.
Tags: Coronavirus, Currency, Dollar, Economic recovery, Emerging market, Ferocious, India, Infections, Investors, Laggard, Leader, Nascent, Rupee, Worst
Washington Post (January 19)
“The challenge — and the opportunity — for Joe Biden is that he succeeds the worst president in U.S. history. Donald Trump’s tenure was characterized by colossal incompetence and mind-numbing indifference to the public good.” As a result, the new president will face the biggest challenges since Franklin D. Roosevelt. “Paradoxically, by taking over at such a low point in our history, Biden is set up for success” and his approval rating is already “higher than Trump’s ever was.”
Tags: Biden, Challenge, Incompetence, Indifference, Opportunity, Public good, Roosevelt, Success, Trump, Worst
New York Times (November 16)
“Donald Trump lost the election. He knows it. But he won’t admit it.” The outgoing president is “the Absolute Worst Loser. He has spent his life gaming the system, so it’s no surprise that he can’t accept defeat.”
