SPACtacular Projections
This week we discuss our skepticism over the aggressive projections in SPAC investor decks, investment lessons for money managers, and finally, toilet paper.
Dear Clients and Friends of Farrer Wealth Advisors, we are pleased to bring you the Farrer Wealth Biweekly Blast, which includes our latest blog posts, fun facts, and general articles we find interesting. Happy reading and happy investing!
Latest Blog Post
SPACtacular Assumptions -
When asked to take a quick look into certain SPACs, we found a number of aggressive methods used by companies to project their future growth. We highlight the methods that we find most egregious in our latest blogpost. Click here to read it.
Farrer Fun Fact
The slow rollout: Even if we assume 1 dose per person, so far less than 7% of the global population has been vaccinated against covid-19. Although it is true that the pace is varied, as countries like Israel are dolling out 111 doses per 100 people (source: NYT).
Articles and Videos of the Week
You may have already seen this short-clip, but it’s too good not to re-share. It drives home the impact technology has had on our lives (and the stock market!) over the last 25 years.
This analysis, on how Spotify succeeded in turning around the music industry but how this acquisition could solve its margin profile problem, was excellent.
This writer’s 30 investment lessons learned is a great read for those in the money management space.
While ESG investing is all the craze these days, the ex-CIO of Sustainable Investing for of Blackrock argues that ESG is not great for investing processes in this interview.
This post from the Investment Moats blog covered a number of interesting topics including the Suez Canal blockage, what happens to funds after they post a triple digit year, and the frequency of drawdowns. Check it out here.
Just when we thought we had enough toilet paper….