Satya Says

From: Satya Nadella To: All Employees Date: July 17, 2014 at 5:00 a.m. PT Subject: Starting to Evolve Our Organization and Culture Last week in my email to you I synthesized our strategic direction as a productivity and platform company. Having a clear focus is the start of the journey, not the end. The more…

Jeremy Grantham Predicts Biggest Deal-Making Boom Ever

“I think it is likely (better than 50/50) that all previous deal records will be broken in the next year or two.” Jeremy Grantham, one of investment management’s few absolutely must-read investment strategists, is out with his latest essay in GMO LLC’s quarterly investor letter. In it, Grantham posits that we’re not quite in a stock…

This Week on TRB

Cartoon by Gustavo Rodriguez, El Nuevo Herald These were the most read posts on TRB this week, in case you missed them… My notes from Delivering Alpha: Part I Part II Part III A quick lesson on market tops How Geopolitical Threats Affect the Stock Market Chart o’ the Day: One Tough Year for Stock…

How Geopolitical Threats Affect the Stock Market

Godspeed to all of those souls who’ve been injured, killed or have lost loved ones this week – by my count the number is over 700 casualties and counting, between the two affected regions. Tonight we’re going to talk about how geopolitical threats affect the stock market. It’s a big topic, but there have not…

Six Californias?

The incomparable David Horsey at LA Times on the Six Californias:   Read the column: Is America ready for six Californias? (Los Angeles Times)

A quick lesson on market tops

The below chart comes to us from JPMorgan Asset Management’s Q3 Guide to the Markets slide presentation… A few things should jump out at you… First, this stock market recovery has now just about lapped the one that followed the 2000-2002 recession, 190% vs 101%. Second, although we are currently selling at the same PE…

Can 285,000 Long Islanders Work From Home?

We’re on the cusp of one of the greatest unplanned sociological experiments of our era concerning work habits and the limitations of technology. On Sunday, as the minute hand of the clock crosses midnight, the union workers of the Long Island Railroad may be walking off the job over a tiny discrepancy in pay. The…