Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

In addition to Whiskey investing, or buying paintings of Great Masters, there are truly great opportunities to invest, learn and derive enjoyment from the activity and art of investing.Jerry Seinfeld made headlines with his Porsche collection this week, though showing you can also lose on car investing…Cuban cigars, most especially special humidor editions, have proved good investments at times… when not all smoked. The holy grail here perhaps has been “Cuban Davidoffs” and Cohibas from the early 90s.   We can’t all be so lucky as to play with expensive cars or chase expensive wines. But there are a few things we can and should do.  Gold should be at the top of the list for so many reasons.  Not as a fad, but as a generational practice. There is a way to focus on long term premiums in gold.

In addition to Whiskey investing, or buying paintings of Great Masters, there are truly great opportunities to invest, learn and derive enjoyment from the activity and art of investing.Jerry Seinfeld made headlines with his Porsche collection this week, though showing you can also lose on car investing…Cuban cigars, most especially special humidor editions, have proved good investments at times… when not all smoked. The holy grail here perhaps has been “Cuban Davidoffs” and Cohibas from the early 90s.   We can’t all be so lucky as to play with expensive cars or chase expensive wines. But there are a few things we can and should do.  Gold should be at the top of the list for so many reasons.  Not as a fad, but as a generational practice. There is a way to focus on long term premiums in gold.

Collectibles and the Many Ways to Buy Gold: Focus on Premium Generation Strategy

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

Berkshire Hathaway Inc Cl B / Equity Bottom-Up

While we don't dispute the value Berkshire Hathaway has created through its insurance operations, we think investors draw two incorrect conclusions from its success.First, we think many are drawn to insurers that attempt to generate alpha on the investment side, while we believe the only sustainable competitive advantages are on the underwriting side.Second, we think many investors' view of reinsurance is too favourable, which is dangerous given current reinsurance trends.Analyst: Brett Horn

While we don't dispute the value Berkshire Hathaway has created through its insurance operations, we think investors draw two incorrect conclusions from its success.First, we think many are drawn to insurers that attempt to generate alpha on the investment side, while we believe the only sustainable competitive advantages are on the underwriting side.Second, we think many investors' view of reinsurance is too favourable, which is dangerous given current reinsurance trends.Analyst: Brett Horn

Berkshire Is a Good Insurance Operator, but a Bad Role Model

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Chartonics webcast Tuesday 8 March 2016<div>Cycle inflection points</div>To view click on this link: <a href="http://www.screencast.com/t/2hBvPl15" target="_blank">http://www.screencast.com/t/2hBvPl15</a> 4:14 min.<div>Our focus is on inflection turn signals across classes given we are entering a cycle turn date today that may stretch a few days but this week ST tops are due.</div>WTI close to 38 resistance after a big run is due for a at least a pullback within our more bullish March cycle.<div>CAD at even more interesting chart support for a short CAD/long USD. March is expected to…</div>

Chartonics webcast Tuesday 8 March 2016Cycle inflection pointsTo view click on this link: http://www.screencast.com/t/2hBvPl15 4:14 min.Our focus is on inflection turn signals across classes given we are entering a cycle turn date today that may stretch a few days but this week ST tops are due.WTI close to 38 resistance after a big run is due for a at least a pullback within our more bullish March cycle.CAD at even more interesting chart support for a short CAD/long USD. March is expected to…

Short answer: We get more Larry Summers editorials.Long answer…Larry Summers, a key accidental architect of Wall Street’s GFC of 2008-09 and neo-Keynesian piece of work, wants to do away with the $100 bill based on evidence most big bills are used for criminal purposes.Citing work by Harvard colleagues from <a href="http://www.hks.harvard.edu/centers/mrcbg/publications/awp/awp52" target="_blank"> Harvard Study</a>, Summers is fully armed, failing of course to realize that criminals were around before him and will continue to launder money for a long time to come, even if they have to do…

Short answer: We get more Larry Summers editorials.Long answer…Larry Summers, a key accidental architect of Wall Street’s GFC of 2008-09 and neo-Keynesian piece of work, wants to do away with the $100 bill based on evidence most big bills are used for criminal purposes.Citing work by Harvard colleagues from  Harvard Study, Summers is fully armed, failing of course to realize that criminals were around before him and will continue to launder money for a long time to come, even if they have to do…

Keynesian Brain Twister: What Happens When We Get Inflation & Negative Rates?

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

Banking profits are under attack from FinTech Over the next five years, banks will no longer enjoy the oligopolistic profits of the past. Their scale is now working against them. Nimbler financial technology (or “FinTech”) companies are eating into their market share. Banking profits in segments such as enterprise lending and wealth management will decline by up to 35% by 2025, according to McKinsey.Crowdfunding is the most potent FinTech threat.

Banking profits are under attack from FinTech Over the next five years, banks will no longer enjoy the oligopolistic profits of the past. Their scale is now working against them. Nimbler financial technology (or “FinTech”) companies are eating into their market share. Banking profits in segments such as enterprise lending and wealth management will decline by up to 35% by 2025, according to McKinsey.Crowdfunding is the most potent FinTech threat.

United States

Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors.  The Company's principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire's other operations include a railway company, a specialty chemical company, and an international association of diversified businesses.

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Berkshire Hathaway Inc Cl A (BRK/A US)

Collectibles and the Many Ways to Buy Gold: Focus on Premium Generation Strategy

In addition to Whiskey investing, or buying paintings of Great Masters, there are truly great opportunities to invest, learn and derive enjoyment...

Charles De Trenck

Berkshire Is a Good Insurance Operator, but a Bad Role Model

While we don't dispute the value Berkshire Hathaway has created through its insurance operations, we think investors draw two incorrect conclusions...

Morningstar, Inc.

Cycle Inflection Turns

Chartonics webcast Tuesday 8 March 2016Cycle inflection pointsTo view click on this link: http://www.screencast.com/t/2hBvPl15 4:14 min.Our focus...

Thomas Schroeder

Keynesian Brain Twister: What Happens When We Get Inflation & Negative Rates?

Short answer: We get more Larry Summers editorials.Long answer…Larry Summers, a key accidental architect of Wall Street’s GFC of 2008-09 and...

Charles De Trenck

Crowdfunding as an Investment Theme

Banking profits are under attack from FinTechOver the next five years, banks will no longer enjoy the oligopolistic profits of the past. Their...

CM Research

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