IPO

Shellacking the retail investor I am glad WeWork is in the headlines these days, since I told you in May that I see it going to zero eventually. Now, I've been sanguine about a so-called bubble in these unicorns for a number of years. And…

Treasuries as a political weapon If you don't have the right model of the economy and markets in your head, you can lose lots of money. Case in point is 'The Widowmaker Trade' in Japan where speculators misunderstood the limits of monetary…

Like yesterday, I have a few thoughts on the economic headlines below. This one is behind the paywall though and I am going to focus mostly on two topics. Yield curve inversion At its worst yesterday, the risk-off play saw the 10-year…

I have some thoughts on economic headlines below. This one is outside the paywall. If you like what you read, please subscribe. Uber as a signpost I am just catching up to where I left off at the end of last week regarding the risk-off…

Trade and Currency Wars I am starting this article just ahead of the equity market open in New York. And S&P futures have the market opening down 1%. The market continues to be unsettled by the political uncertainty around the US-China…

A quick note here with a few thoughts on technology IPO companies with economic moats I use Slack every day at work. It is an essential internal communications tool for my job. And, as such, I see it as a company with relatively high…

The IPO market is hot As I wrote last night, IPO conditions right now seem nearly ideal for growth companies to come to market. The appetite for loss-making companies shows us that public investors are willing to overlook losses as long as…

Growth matters, profits don't Nearly 7,000 scooters appeared to be active in Los Angeles County in January, having logged a ride in the previous two weeks. By April, more than 5,500 of those same scooters appeared to be removed from active…

Tesla On Thursday, I wrote that "Tesla has been forced to pony up for those converts. They now have $2.2 billion, $1.5 billion less than at the end of the last quarter. I think the need for more capital is a question of when, not if. But if…

My recent experience with taxis On my way into Manhattan from LaGuardia Airport on Monday night, I noticed an app symbol for Curb on the payment box in my taxi. The box said I could pay for the ride with this app. So while I was in transit,…