Description: More money chasing scarce ideas means that the prices paid for startups rise Source: Economist.com Date: Apr 03, 2021 Link: https://www.economist.com/finance-and-economics/2021/03/31/what-the-enthusiasm-for-funding-startups-means-for-the-vc-world Questions for discussion: What does the article suggest might be happening in the VC world? Do you agree with this assessment? How should investors regard the message in this article?
Posts Categorized: Governments & Regulators
Description: Credit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga. Source: CNBC.com – video report Date: Apr 06, 2021 Link: https://www.cnbc.com/2021/04/06/credit-suisse-cuts-dividend-on-hit-from-hedge-fund-scandal-investment-bank-head-and-chief-risk-officer-step-down.html Questions for discussion: Explain the fallout from this fiasco. Do you think management did enough to prevent this from… Read more »
Description: Social Finance, a nonprofit, is spreading a model in which training programs get paid if students get hired, not just if they enroll. Source: NYTimes.com Date: Apr 07, 2021 Link: https://www.nytimes.com/2021/04/07/business/job-training-thats-free-until-youre-hired-is-a-blueprint-for-biden.html Questions for discussion: What do you think of this nonprofit business model and Social Finance, in particular? Is this a replacement for traditional… Read more »
Description: From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes. Even on Wall Street, few ever noticed him — until suddenly, everyone did. Source: Yahoo.Finance.com and Bloomberg.com Date: Mar 30, 2021 Link: https://ca.finance.yahoo.com/news/one-world-greatest-hidden-fortunes-002617417.html Questions for discussion: Explain what happened. What do… Read more »
Description: Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment. Source: NYTimes.com Date: Mar 30, 2021 Link: https://www.nytimes.com/2021/03/29/technology/fintech-startups-wall-street.html? Questions for discussion: Why are these fintech startups attracting so much capital and attention? What does this portend for the banking industry, in your… Read more »
Description: Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said he’s still interested in a major acquisition to add to the firm’s U.S. retail operations, and that he’s unfazed by the recent valuation surge for the regional lenders that would be his most likely targets. Source: BNNBloomberg.ca – video report Date: Apr 01, 2021 Link: https://www.bnnbloomberg.ca/td-very-open-to-major-bank-deal-in-the-u-s-1.1585366… Read more »
Description: Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona. Intel stock rose as much as 5% on the news in extended trading on Tuesday. Source: CNBC.com Date: Mar 23, 2021 Link: https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: What is so significant about the Intel announcement… Read more »
Description: VCs used to view the heartland as an investment desert. But the pandemic has altered the whole idea of place. Source: INC.com Date: Mar 19, 2021 Link: https://www.inc.com/magazine/202104/bill-saporito/steve-case-rise-of-the-rest-midwest-cities-startup-hub-ecosystem.html Questions for discussion: How is Steve Case changing the VC landscape? Will this change the geographic distribution of technology startups, in your opinion?
Description: Rail route ‘looks promising’ after cancellation of Keystone pipeline Source: FinancialPost.com Date: Mar 23, 2021 Link: https://financialpost.com/commodities/energy/canadian-oil-producers-see-new-route-to-gulf-coast-refineries-coming-from-cp-rail-deal Questions for discussion: What does the deal mean for Alberta oil transportation to the Gulf refineries? How should investors look at the value of this component in relation to the rail stock?
Description: Chinese net users have called for a boycott of Hennes & Mauritz AB because it won’t use cotton from Xinjiang, thrusting the world’s second-largest clothing retailer into the Asian nation’s human rights controversy. Source: BNNBloomberg.com – video report Date: Mar 24, 2021 Link: https://www.bnnbloomberg.ca/h-m-blasted-on-chinese-social-media-for-pulling-xinjiang-cotton-1.1581583 Questions for discussion: Summarize the issues involved in this report…. Read more »