Company Research

5 Things to Know in Investing This Week – March 17th, 2023

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The Everyone Fails Again Version Bank failures, bank depositor bailouts, forced bank bailouts, CFOs who can’t evaluate risk, and bank risk managers who aren’t even trying to do their jobs. It’s the 5 Things to Know – Failure Edition! DKI continues to applaud intern, Dylan Kogan, who again makes a strong contribution to this week’s … Read more

Does Anyone Do Their Job – It’s 2008 All Over Again

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This post originally appeared on March 13, 2023 Introduction: Over the past few days, we’ve seen the failure of Silicon Valley Bank ($SIVB) and Signature Bank ($SBNY) as well as a government decision to bail out the deposit accounts with more than $250K. That’s in excess of FDIC regulations and was described by officials as … Read more

Weekly Points – March 10th, 2023 5 Things to Know in Investing This Week

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The Higher for Longer – Plus Faster Version Jerome Powell does his version of the Six Million Dollar Man telling Congress rates will be higher for longer, and faster than many hoped. A stronger than expected economy continues to disappoint asset gatherers hoping for a return to bubble valuations. DKI continues to applaud intern, Dylan … Read more

DKI’s Miss With Silicon Valley Bancorp and Mark to Market

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This post originally appeared on March 10, 2023 Introduction: The financial world has spent the last few days captivated by the slow-motion implosion of Silicon Valley Bancorp (ticker: $SIVB). A couple of years ago, some well-meaning colleagues suggested SIVB as a potential long idea for DKI. The thesis was that while you had to pay … Read more

Weekly Points – March 3rd, 2023 5 Things to Know in Investing This Week

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Macau Gaming is Strong, Fed Struggles to Slow Economy Outside Real Estate, And More Crypto Fallout Lots of varied news this week. Again, we congratulate DKI Intern, Dylan Kogan. Every week his contribution to the “5 Things” grows. Fantastic to see a college student become a meaningful contributor. 1) Macau’s GGR Exceeds Expectations: Macau’s gross … Read more

Active vs Passive Investing – Fight!

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This post originally appeared on February 27, 2023 Panel Introduction: I was fortunate enough to be one of the speakers at last week’s Strategic Investment Symposium at the College of Charleston. Mark Pyles is running a fantastic program there and the students I met are being well-prepared. My segment was called “Products vs Ingredients” and … Read more

Weekly Points – February 24th, 2023 5 Things to Know in Investing This Week

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Strong Economic Data Disappoints the “Pivot People” This week is the “Fed Edition” of the 5 Things. All the economic data that came out this week made a Fed pivot to lower interest rates less likely and further in the future. We also congratulate DKI Intern, Dylan Kogan, who did the heavy lifting on this … Read more

Weekly Points – February 17, 2023 5 Things to Know in Investing This Week

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CPI High, PPI High, Retail Sales High, Fed Threatening Faster Rate Increases It was a rough week for the “pivot” people as economic data including inflation comes in above expectations. The Fed is threatening faster rate increases. One day, the Fed will pivot to lower rates, but we’re not there yet. If you don’t follow … Read more

Weekly Points – February 10, 2023 – 5 Things to Know in Investing This Week

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Macro, More from Macau, and AI There was more macro news this week and the Federal Reserve continues to be the one key thing driving the market. Macau is fully open. We’re nearing the end of earnings season.   I’d also like to take a moment to congratulate DKI Intern, Dylan Kogan who wrote a … Read more