Something Good for the Month
March 2020
We’ve put together our “most interesting links compilation” for the month of March. We found it odd posting all the pandemic information under our Tell Me Something Good title, but sometimes bad news can turn into good news…
YouTube: Some Good News with John Krasinski
John Krasinski highlights some good news from around the world, including an interview with Steve Carell to mark the 15th anniversary of The Office.
Latest memo from Howard Marks: Flattening the Curve
The spread of the virus has been described as “exponential”. Most people use this word without understanding precisely what it means. In short, exponential growth is the real-world version of what people in our business refer to as compounding. In other words, there’s a growth percentage and the parameter in question increases by that percentage every period. Thus, the rate of growth is constant and the magnitude of the increase grows in each period. For years we’ve talked about things on the Internet “going viral.” This is what exponential growth means.
Institutional Investor: Restaurants Are Being Destroyed. Money Managers Should Be Scared.
Unlike 2008–2009, when the cause of the market meltdown was at least industry-related, today these entrepreneurs, who risk everything to create better investment outcomes for clients and their beneficiaries, fail for no fault of their own. And these are the managers — especially emerging managers — that tend to outperform their more established peers and produce the Alpha we so desperately seek.
Visual Capitalist: The Hardest Hit Companies of the COVID-19 Downturn: BEACH
The market’s latest storm has plunged the global travel industry into uncharted territory. Since the S&P 500 market high on February 19, 2020, market capitalizations across BEACH industries — booking, entertainment, airlines, cruises, and hotels — have tumbled. The infographic profiles the steep losses across BEACH companies.
World Economic Forum: How big business is joining the fight against COVID-19
As the number of confirmed COVID-19 coronavirus cases continues to rise, exceeding 350,000 on 23 March, 2020 something else is starting to happen around the world – entrepreneurs, businesses and multimillionaire philanthropists are pledging their support. Some are augmenting the work of public bodies, while others are filling gaps that might otherwise have been left unfilled. Here is a round-up of some of the activities and initiatives undertaken by private-sector organizations that are helping to combat the coronavirus.
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The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. No representations or warranty, expressed or implied is made by Caldwell Investment Management Ltd. or its affiliates.
