Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China dampened investor enthusiasm, keeping a safe-haven bid in gold and the dollar alive.
Why can’t the market’s top hedge fund managers stay on top for very long?
Mark Skousen explains the reasons why, and they’re important to understand if you want to grow your wealth.
“Funds don’t have track records, but fund managers do.”
– Alexander Green
“There’s no such thing as the goose that lays the golden egg forever.”
– Jim Simons, manager of Renaissance Technologies hedge fund
For years, I followed the Forbes Honor Roll rankings of the best mutual fund managers in both bull and bear markets.
But after a while, I noticed that only a handful of funds consistently make the list year after year. …read more […]
Oil was mixed on Wednesday as worries about the impact of the coronavirus outbreak and swelling crude inventories in the United States weighed on prices, while talk that OPEC could extend oil output cuts provided support.
U.S. stock indexes retreated from early highs on Wednesday as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of the fast-spreading coronavirus outbreak.
Microsoft is set to announce its Q2 2020 earnings on Wednesday, with all eyes on its cloud business. …read more […]
The U.S. Federal Reserve will end its latest policy meeting on Wednesday with interest rates likely on hold, adjustments to its balance sheet under discussion, and China’s widening coronavirus outbreak posing an unexpected risk to the global economy.
General Electric Co plans to slash 737 MAX engine deliveries to Boeing Co roughly in half this year but set higher cash target for 2020 as it reported quarterly profit and cash flow that beat analysts’ estimates on Wednesday.
The United States on Wednesday urged Britain to rethink its decision to allow China’s Huawei a role in 5G networks, cautioning that American information would only be allowed to pass across trusted networks.
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of C.H. Robinson… …read more […]
Britain’s decision to allow China’s Huawei to have a role in its 5G networks does not affect the country’s ability to securely share intelligence data, Prime Minister Boris Johnson’s spokesman said on Wednesday.
The exponential spread of the coronavirus is upending the travel industry with cruise operators being hit particularly hard. …read more […]
U.S. stocks gave up early gains on Wednesday, as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors assessed the economic impact of a fast-spreading coronavirus.
Oil prices were mixed on Wednesday as worries about the impact of the coronavirus outbreak on demand were offset by talk that OPEC could extend oil output cuts.
Warren Buffett’s Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.
The Federal Reserve will make its first policy decision of 2020 on Wednesday afternoon. …read more […]
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