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.
Prestige Funds has brought to market a fund that uses a variety of managers to invest in private debt and high-yield credit. The Multi Finance Opportunities fund aims to deliver an annual return of 5% to 7%. Investment Week (UK) (14 Feb.)
The UK House of Commons has voted 303-258 against a measure to endorse Prime Minister Theresa May's Brexit strategy, which aims to gain concessions from the EU on how the border with Ireland is handled after the UK leaves the EU. Jeremy Corbyn, who leads the opposition Labour Party, says May should "admit that her strategy has failed" and return to Parliament with a "coherent plan." Politico (14 Feb.)
Factors such as Brexit uncertainty, a weak economic outlook and a dovish stance by the Bank of England will put a brake on the pace of interest-rate increases this year, economists say in a Bloomberg survey. The economists predict rates will rise to 1% in the fourth quarter from 0.75%, rather than a previous forecast of before Q3. BNN Bloomberg (Canada) (15 Feb.)
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