Sloane Ortel publishes The Sloane Zone, an email newsletter that comes when you least expect it and makes more sense than it should. She joined CFA Institute's staff as a sophomore at Fordham University, and was instrumental to the global growth of Enterprising Investor as a collaborator, curator, and commentator over the subsequent eight years.
The top 10% of firms account for 80% of all profits, Sloane Ortel observes. This leaves us with two seemingly conflicting truths: Winners win bigger than ever, but Amazon, one of the world’s biggest winners, is not making much in the way of profits.
Across the globe, it has been a summer of storms, both real and figurative. Good luck tuning out the thunder. But Sloane Ortel has a suggestion for this weekend — a long one in the United States: Spend some time on the slower-moving tempests.
Can luck be multiplied through language? Picking a name for your firm that is both pronounceable and memorable would seem to play some role in the overall success of your effort. After all, you are unlikely to be the only game in town.
Jupiter Asset Management has closed the Jupiter New Europe fund. The fund had been shrinking for years, a spokesperson said, and the company thought termination would be in the best interest of shareholders. Citywire (24 Jun.)
Switzerland will prohibit EU exchanges from trading Swiss shares beginning Monday if the bloc does not extend equivalence for the country's stock market. The EU reportedly has held off on extension because Switzerland has not endorsed a partnership treaty. Reuters (24 Jun.)
The Financial Stability Board has praised Citigroup for obtaining 700 legal entity identifiers for units when only 6.2% of banks provide information on ultimate parents when applying for the 20-digit bar codes. Of 40 million identifiers needed for universal adoption, only 1.4 million have been issued, says Allan Grody, a consultant who serves on FSB advisory panels. MLex (subscription required) (24 Jun.)
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