For the Q2 2024 fiscal quarter, the DJIA produced a return of -1.7%. The S&P 500 index appreciated by 3.9%. The NASDAQ composite index appreciated by 8.2%. In contrast, the Gnostic Capital Portfolio declined from $1,009.14 to $1,004.40, a fall…
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Moves by the New Leftist Government in Mexico to Remove Judiciary Powers and Regulatory Oversight Potentially Represent a Threat to Current Airport Concessions.
The supermajority Mexican Morena party government have cast a legitimate pall upon any Mexican business operating with a government granted concession. A 2/3 elected majority are highly likely to push through sweeping revisions to the Mexican constitution. Among the constitutional…
Posted in Open Blog
EBITDA Margins Inevitably win out over Bias Selection, Even for Those Deemed to be Legendary in Status.
According to an interview with Nikkei Asia in April 2023, Berkshire Hathaway swapped out almost the entirety (90%) of a $4.1 billion dollar investment in Taiwan Semiconductor, with the remaining shares sold some months later, for what was estimated to…
Posted in Open Blog
2 Scientific Breakthroughs Should Further Tilt the Scale Towards Sodium-Ion Commercialization.
The Korean Advanced Institute of Science and Technology (KAIST) has detailed a technology advance in Sodium Ion battery technology that, if replicated, could overcome one of the major hurdles limiting mass adoption of electric vehicles, that being the slow charge…
Posted in Open Blog
Another Perspective to Frame the Role of the “Big 3” Pharmacy Benefit Managers.
Contained within UnitedHealth Group (UNH-NYSE, $504.68), The Cigna Group (CI-NYSE, $352.38) and CVS Health Corporation (CVS-NYSE, $69.65) are three separate divisions poorly understood by retail, and to some extent, glossed over by institutional investors in terms of business upside. These…
Posted in Open Blog