How can it be both the best of times and the worst of times for markets? As the sleepy months of late summer fade away, investors put down the classics and pick up the financial pages as markets resume their usual commotion of activity. We should use it to reflect on what has been a great year for investors, despite the recent market wobbles. Indeed, equities continue to rally, with the [...]
Long story short: What investors can learn from Carl Icahn and Netflix Seven years ago, shareholders in Netflix – the S&P 500 listed provider of online movies and shows – suffered a crushing loss as it disastrously attempted to raise prices and restructure. Roughly one million customers cancelled their subscriptions. Netflix’s share price plummeted to less than $53 from $300 in a matter of weeks, a loss [...]
Fabulous Brexit, Chinese implosion: The feasible scenarios markets are ignoring The exquisite unpredictability of markets was on full parade in 2016, and investors are still breathless. Very few believed populist anger would lead to a Brexit or a President Trump, or that a crashing oil market would be rescued by a deal underpinned by Saudi altruism towards Iran. Indeed, markets are replete with occurrences which [...]