Some of my readers might have noticed that starting in the last year I have become more interested in Bitcoin and Cryptocurrencies. Don’t worry, I will not
invest gamble with them but I do think it is important to understand what is going on in this area as this could change many things especially within financial services. As this blog functions primarily as my own diary, I have decided to do a few posts about my own learnings so far.
Bitcoin explained (maybe wrongly) in 10 Points:
It feels like decades ago but actually it is only 4 years ago when 3D printing was supposed to disrupt each and everyone.
Googling around, it is quite easy to find articles like this one in Forbes from October 2013:
We are a few years away from a printed economy – an economy in which 3D printing will have a major role in manufacturing. Up to now, 3D printing has been most useful in creating prototypes. But from the automotive to the electronics and toy industries, 3D printers will increasingly produce critical parts and finished products. What are some industries 3D printing will disrupt? Here’s our list of seven.
Disclaimer: This is not investment advice. PLEASE DO YOUR OWN RESEARCH !!!
A few months ago, fellow blogger Wexboy had a very interesting post on Record Plc, a UK based “specialty asset manager”. Go and read the whole thing, it is worth it.
I try to summarize the business & background in my own words:
Record Plc provides so-called “Currency overlay” asset management services. Currency overlays are in principle used for two reasons.
- To hedge an international investment portfolio into one single currency, usually the currency of the investor and/or
- To gain some extra yield by hedging currency exposures more “dynamically”
It is important to know that they do not manage the underlying assets, but “just” a derivative portfolio hedging the underlying assets and that they do not use their own balance sheet but act solely as an agent for the ultimate client.
A couple of good spin-off links
Jeff Matthews doesn’t like Uber
John Huber likes Tencent a lot
Some interesting statistics from the US bond markets
Maersk and Amazon are clashing to control the container industry
Is cloud computing already a legacy technology?
Nice portrait of legendary trader & Hedge fund manager Stanley “Druck” Druckenmiller
An alternative perspective on the multitude of crypto currencies
How to name a new (hedge) fund
Prof. Damodaran updates his Tesla valuation and wonders about the debt financing
Interesting thoughts on product pricing and gross margins
Wexboy with a portfolio update
One story which is currently making the rounds is that of Warren Buffett’s huuuuuuuuuuge cash pile or “war chest” at Berkshire.
Bloomberg had an article in May about the 86 bn “war chest” , and then 2 days ago Bloomberg said that his “cash pile” is now close to 100 bn USD.
Speculations are rampant what he could do with it for instance:
I had briefly written about the Metro/Ceconomy Spin-off in January. After some legal hassles, the spin-off took place last week last.
This is what I wrote back then:
With 327 mn shares outstanding, this would translate into ~6,20 EUR per share as a lower bound value for Ceconomy under my (very rough assumptions).
It think at or below this price, Ceconomy could be an interesting “Ugly duck” spin-off investment.
Interestingly, Ceconomy had a very good start, opening around 9,40 EUR and has gone above 10 EUR per share, far above my buying threshold.