Companies have gotten so good at managing earnings (and Wall Street) these days that when reporting season rolls around, it’s hard to ascribe any value to news that a company “beat” expectations. In fact, a review of quarterly data compiled by FactSet Research Systems reveals a recurring pattern in recent years. Companies guide earnings and revenue estimates down over the course of the quarter and then clear the lowered bar when they report financial results. Markets cheer. Rinse and repeat. Read moreLeave a Comment
As the Middle East continues to make headlines because of geopolitical developments, CFA Institute interviewed Sky News Arabia television news presenter Malak Fares, CFA, to get her thoughts on how best to interpret news from the Middle East and the longer term business and finance themes in the region. Read more2 Comments
Much like today’s most notorious activist investors, Warren Buffett made a name for himself by identifying market inefficiencies that could be exploited for the benefit of his investors and public shareholders. But unlike the corporate raiders of the 1980s, Buffett wasn’t out to tear companies down. In fact, he wanted to help build them up.