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The Curious Case Of Capital (Mis)Allocation

Star Trek (Next Gen): Jean-Luc Picard A growing number of folks are becoming aware that the performance of most mutual fund managers over an extended period does not exceed that of benchmark indexes such as the S&P 500. More specifically,…

Q1 2013 M&A Activity

Source: TheiBanker.com According to Thomson Reuters and the DealBook, edited by Andrew Ross Sorkin of the New York Times, the pace of worldwide M&A during the first quarter of 2013 was relatively slow.  The summary, highlighted below, reflects announced transactions…

The Starbucks Latte Index

Starbucks Latte Index | 2013 | Purchasing Power Parity | Currencies

Yankees, Retired #8 As Yogi Berra once quipped, “a nickel ain’t worth a dime anymore.”  Below is a chart from the Wall Street Journal and Bloomberg News depicting the purchasing power of a dollar using a Starbucks Latte. It’s probably…