Sun.May 14, 2023

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Roughly Right or Precisely Wrong

A Wealth of Common Sense

I have a love-hate relationship with historical market data. On the one hand, since we can’t predict the future, calculating probabilities from the past in the context of the present situation is our only hope when it comes to setting expectations for financial markets. On the other hand, an overemphasis on historical data can lead to overconfidence if makes you believe that backtests can be treated as gospel.

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An entry-level strategy for prospecting in community organizations

Million Dollar Round Table (MDRT)

By Bryce Sanders Many insurance agents and financial advisors have misconceptions about how involvement in the community leads to business. They assume you join an organization, word gets around and people approach you to do business. They assume the business effortlessly finds you. It doesn’t. You need to put in some effort and raise your visibility.

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Trending Sources

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Gold miner Newmont seals $19bn deal for Australia’s Newcrest

Financial Times M&A

Newcrest board recommends shareholders vote in favour of takeover in latest mining industry consolidation

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An introduction to US debt ceiling

Quiet Growth

One of the unique features of US fiscal policy is the concept of a “debt ceiling” This term, which often arises in economic and political discussions, has profound implications for the US government and its financial obligations. The US debt ceiling is a legislative limit on the amount of national debt the US Treasury can incur, thus limiting how much money the federal government may borrow.

Debt 52
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London brokers braced for shake-up as equity market languishes

Financial Times M&A

Dearth of IPOs forces industry to consolidate and look to expand its sources of revenue

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Industry awaits update to FTC’s ‘green guides’

Financial Times: Moral Money

Consultation on how to market sustainability comes amid a global push against greenwashing

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Plot to Steal the Other Secret Inside a Can of Coca-Cola : Shannon You was a good chemist, a bad colleague—and a thief. When she tried to use the $120 million technology she stole, she got played. ( Businessweek ) • The Corruption of Lindsey Graham : So let’s go back to the beginning.

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Vice Media files for bankruptcy protection ahead of sale

Financial Times M&A

Struggling group agrees to sell to consortium including Soros Fund Management and Fortress

Funds 68
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Oneok to buy Magellan Midstream in $19bn US pipeline deal

Financial Times M&A

Cash-rich oil and gas companies seek acquisitions after lengthy dry spell