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Recent Articles
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Fed Raises 75 Basis Points; Food Price Inflation Continues to Wreak Havoc on Consumer Budgets
Sep 21, 2022
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Image Source: Federal Reserve.
The Fed upped its key benchmark rate to the range of 3%-3.25% on September 21, but it may not be enough to stem the rise in inflation. We think the market has further room to fall.
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Dividend Growth Giant Microsoft Raises Its Dividend 10%!
Sep 20, 2022
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Image Shown: Microsoft has been a fantastic dividend grower the past several years. The company announced September 20 another 10% increase in its quarterly dividend per share, to $0.68. Image Source: Microsoft.
On September 20, dividend growth giant Microsoft Corp declared a quarterly dividend of $0.68 per share, a 10% increase from the prior rate, revealing a forward estimated yield of ~1.1% at the time of this writing. Microsoft has been the quintessential dividend growth stock, and the company remains an idea in the simulated Dividend Growth Newsletter portfolio, which has held up quite well during 2022 thus far.
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Should You Gear Up for the Porsche AG IPO?
Sep 20, 2022
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Image Shown: Unit sales at Porsche fell 5% during the first half of 2022, but demand remains particularly strong for its SUV models despite a troubled supply chain and higher input cost inflation. Image Source: Porsche AG.
German luxury and sports car maker Porsche AG is planning to go public in the coming weeks, following in the footsteps of Ferrari, which listed a few years ago. Porsche-owner Volkswagen AG has been investing heavily in electric vehicles, and the IPO of the Porsche brand will provide it with fresh capital to be more competitive on that front.
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The Success Equation Book Review: Is the Skill Paradox a Myth in Investing? We Think So
Sep 19, 2022
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Image: The game of baseball has changed during the past 100 years. While many point to a declining standard deviation and coefficient of variation in batting averages for evidence of a paradox of skill in baseball, it's more likely the game has changed. Players are hitting more homeruns, sacrificing batting average as a result. Note the red part of the line is when the game of baseball expanded to the current number of 30 teams. Data from the COVID-19 shortened 2020 season omitted. Source: Baseball Almanac.
There's a lot of informational value in reading The Success Equation (and everyone should pick up a copy), but please be careful to come to your own conclusion. From where we stand, there is not a paradox of skill in investing (or baseball, for that matter). The games have simply changed based on new incentives. Some wise person may have written this before: Be careful not in what you read, but rather in the conclusions you draw from your reading. We wish Mauboussin could re-write The Success Equation considering some of the thoughts in this article. Maybe he will!
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