1.3 billion reasons for the chaos
Last week, Prime Minister Narendra Modi launched India’s biggest tax reform in its 70 year history, as businesses and citizens across the country steeled themselves for the economic turmoil that’s expected to follow. The new goods and services tax (GST) was formally...
The What Ifs?
At Berkshire Hathaway's annual meeting last month, Warren Buffett conceded that he missed an opportunity on Amazon and made a mistake by not buying Google shares. When probed as to why he didn’t buy shares on these two companies, he summed it up in one word -...
More UPS Trucks in your streets?
The impact of Amazon buying Whole Foods on other food retailers such as Kroger, Walmart, Costco etc. has been dissected ad nauseam in news over the past week. But, this deal has stirred up secondary effects on other companies. Walmart is now telling its vendors that...
Being Fooled by Recency Bias?
As we enter the 8th year of the bull market, confidence in Wall Street is at an all time high. Market downturn is a distant memory. In academic circles, this optimism is called recency bias. Just as we expect Steph Curry to nail his next three pointer because he...
Its a Dark Day in Paris
The president's decision to pull the US out of the Paris Agreement hardly impacted the stock indices this week. But, the uproar from the biggest names in technology — from Apple to Amazon, Google, Tesla among others — has only begun. Many believe that withdrawing from...
Its Lunch time – Sit down or To Go?
Traditional lunch eateries are finding it hard to survive as increasingly consumers are eating out less, bringing leftovers or simply buying lunch “to go” and taking it back to their office desks. The one hour lunch breaks that fostered the quaint custom of office...
How the Media and Markets Conspire to Thwart Retirement Savers
The S&P recently released a study showing how the index beat active managers over the last 15 years. This attention to index investing may be diverting retirement savers from their real goals. “The media’s focus on market returns is highly distracting,” says Dana...
Trump Train Derails Q1:17 Earnings
With Q1 2017 corporate earnings season pretty much done, both earnings and revenue growth numbers have been impressive. Earnings per share (EPS) growth of 14.9% was the highest growth rate since Q3 2011. The revenue growth rate came in at 7.8 percent, marking the...
The Dirty Little Secret
Last week, Morgan Stanley slammed the door on placing Vanguard mutual funds in client portfolios. Morgan Stanley’s decision follows a similar one instituted last year by Merrill Lynch to forbid new sales of Vanguard mutual funds. The brokerage arms of Wells Fargo...