Market Structure Insights

dreamstime m 105967603
March 27, 2024

Vanguard founder Jack Bogle said to own the averages. Index funds.  That seed germinated into a tree that filled the investment world. Look at Blackrock.  More on Larry Fink in a moment. Most of the top 25 owners of US stocks follow models. The constituency...

dreamstime m 5149030
March 13, 2024

My wife Karen is reading Peter Attia’s book, Outlive, which is like reading it myself. I get the benefit of Karen as filter for tidbits and takeaways. Now, I realize.  Not everybody loves Dr. Attia. And I’m not suggesting he’s got all the answers. But...

dreamstime l 20057394
February 21, 2024

Last week, markets were abuzz over the zero that lifted LYFT.  For those who were vacationing or living hermetically and missed it, Lyft reported financial results and inadvertently added a zero to adjusted EBITDA margin-expansion, giving machines the notion profit margins improved 5% instead of...

dreamstime m 206876446
February 14, 2024

I’ve got my Valentine, for which I’m grateful every day.  Whether the market finds love after yesterday’s blood remains to be seen. Back when the Romans celebrated Lupercalia, there was blood.  Romans knifed a goat to arouse the gods of fertility and then flicked bloody...

dreamstime m 20847873
December 6, 2023

Demand Signal would be a great name for a rock band. I heard it from Microsoft’s president Brad Smith, who is an attorney, not an engineer.  He said Microsoft’s investments in startups often benefit from Microsoft’s “demand signal.”  If we’re doing it, you should be too. Microsoft...

Want to know your Passive characteristics? How to rethink your earnings reporting cycle?