¯\_(ツ)_/¯
Where does the EM discount come from?
What tighter regulation might mean for Google’s all-conquering advertising business.
Ben Inker thinks value’s pain train will come off the rails soon.
Well, sort of.
Adam Neumann’s exit as CEO is the start of a painful journey for the deflated unicorn.
Caro-Kann Capital weighs in on the ligation finance company.
Missing: the economics of WeWork’s mature locations.
“150% to 300% Upside in 3 to 4 Years”.
“The ECB has to do something, because it’s the only one that will” is not an argument.
When enterprise value is more than half the total addressable market.
Capitalism, apparently, no longer requires capital.
A new white paper explores how inflation distorts our perception of market history.
Alphaville, again, spends far too long on Companies House.
FT Alphaville spends 72 hours on Companies House. So you don't have to.
Someone tell Eugene Fama.
A podcast recommendation from Alphaville.
Sometimes, boring is good.
Nah.
A pinch of salt, a bigger pinch of money.
Check mate?
This time is different, says Goldman.
Can we learn anything from eye-watering valuations of the past?
Not quite 'to the moon', but close enough
Well, far from expensive, says Credit Suisse.
Some fun with the Fed’s Enhanced Financial Accounts data.
But central bankers now want to make Wall St poorer…
Debunking (again) the so-called “Fed model” for equity valuations.
Go long the Nasdaq if you want to rub shoulders with every single other fund manager.
