The Big Picture

My morning train reads: • Unprofitable Companies Are Raising the Most IPO Cash Since the Dot-Com Era. (Bloomberg) • The 10 Most Toxic...

While still not as extreme as during the dot-com bubble, unprofitable company IPOs have surged since the financial crisis, with many...

“There is always a price for everything” where it becomes too cheap not to own. So says Ketterer, Chief executive officer and...

Where Wealthy Families Are Invested Source: Institutional Investor The chart above is utterly fascinating: It is based on a...

My midweek morning train reads: • WeStepDown, WeLayOff, WeWork for food. (Hat tip FT) • Why Private Equity Is Ripe for...

SoftBank’s Venture Capital Riches Swamp the Market The firm had too much money chasing too few deals. Bloomberg, September 23, 2019...

My Two-for-Tuesday morning train reads: • Where the World’s Wealthiest Families Are Putting Capital – And Where They Aren’t...

40% of multinational profits are shifted to tax havens each year Source: Missing Profits Globally, about $650 billion in profits...

It is bottom of the ninth inning for unicorn madness. All that capital chasing too few quality deals leads to valuations getting...

My back to work, Autumn Equinox morning train reads: • Arthur Cashin, wise to the ways of Wall Street (Washington Post) • Get a Grip....