Back in February of 2009, in the very depths of the financial panic of 2008 - 2009, we published a post called "Managing Investments in the New Era" which discussed a video (above) of a talk that Gerry Frigon gave on January 26, 2009. It was a very dark time -- the market would reach bottom less than a month later, on March 9 of the same...
Tuesday, May 22, 2012
Three quick hits
Above is a video clip of Gerry Frigon discussing the issues at the root of the problem in Europe.
The points made will be familiar to readers of this blog, but bear repeating. At the heart of the disagreement about the way forward for Europe is a truth which we believe is obvious, but which many evidently still don't accept,...
Thursday, May 17, 2012
Innovation needs capital
Tomorrow, a new company will begin trading in public markets, one that is well-known to millions (around nine hundred one million at last count, to be more precise). Having now announced that its IPO price will be $38 per share, Facebook will be valued at roughly $104 billion and will raise roughly $18.4 billion of capital...
Friday, May 11, 2012
Growth is the Answer, May 2012 edition
Here's a brief media clip of Gerry Frigon discussing the latest developments in the ongoing European saga, including the results of the elections which took place in Greece and Spain over the weekend.
The need for pro-growth reform in the struggling southern European economies ties right back to the quotation we offered recently from Friedrich...
Tuesday, May 08, 2012
Birthdate of Friedrich A. Hayek
The eighth of May marks the birthday of Friedrich August Hayek (1899 - 1992), the great economist and champion of freedom, innovation, and the removal of the obstacles to economic growth.
He is perhaps most famous as the author of the Road to Serfdom, published in 1944 and written while World War II raged. While it deals...
Monday, May 07, 2012
A "blast from the past" highlights the success of Amazon.com
There's a very interesting discussion in a book called The Dark Side of Valuation: Valuing Old Tech, New Tech, and New Economy Companies, by Aswath Damodaran (2001).
The book's timing was somewhat unfortunate, as its opening line asked, "Do the old rules still apply?" and "Can you value a company that has no earnings,...
