Only the notes that have matured in my Obsidian vault are moved here. Mostly markets, macroeconomics and corporate finance, occasionally development and note-taking.
RSUPPORT, despite being a software company, held a stake in an asset management company and suffered losses from derivative investments. Performance was decent, but cash flowed out into real estate and investments, destabilizing its financial structure.
There are many scammers in the world. They package and sell poor results over and over again. Don't be swayed by promises of making money—you must be on your guard yourself.
Henry Ford drove innovation in industry and logistics by introducing mass production of automobiles and the assembly line. His inventions became the foundation of modern capitalism and production, yet political and social controversy has often left him underrated.
In every era, the market produces terms that group certain large-cap stocks together. From the Nifty Fifty to TGIF, MAGA, FANNG, M7, and E8, the names keep changing, but the common thread is excessive concentration in a few large caps and the caution that goes with it. In this recurring history, investors need to watch the pattern closely.
Marko Kolanovic, JPMorgan's star strategist, built his reputation as a bull during the COVID period, but after turning bearish and missing call after call he lost credibility and finally left the firm in 2024. On Wall Street bulls and bears survive, but an investor who loses direction gets culled.
KG Inicis, a PG company undervalued at a PER of 3.6, remains unnoticed by the market despite its steady growth potential and economic moat. The reason is that Korea discount factors are evident, including the KG Group's complex governance structure, octopus-style expansion, and large debt guarantees.
After it burst like a black swan, everyone criticizes FTX as a Ponzi company that was doomed from the start. Was FTX really a Ponzi company that had no choice but to collapse?
Like smartphones, the era is coming when the operating system becomes the deciding factor for buying a car. In the past, performance mattered, but now software-centric vehicles such as Tesla and Mercedes-Benz are in the spotlight.
Spreading internet access across Asia and Africa and the evolution of global payment infrastructure are creating a structure that favors US big tech. Starlink, blockchain and the pairing of platforms with content support the case for a long-term rise in the Nasdaq.
It is a criticism that the 'greatest generation' achieved innovation in transportation, industry, and even space exploration, while the Baby Boomer generation remained in an economy centered on hippie culture and asset bubbles. It contains the view that it was an era in which only vested interests were strengthened without technological progress.