March Madness is upon us.
In case you missed it, sports is big business.
Here is a chart showing the broadcast fees paid to various sports leagues.
via Financial Times.
Is the bubble going to burst? The trend of the past 20 years suggests that it won’t.
Broadcasters have been locking in their costs through long-term deals. That also makes it harder for tech companies — such as Netflix, Google or Apple — to buy into the market.
March Madness is upon us.
In case you missed it, sports is big business.
Here is a chart showing the broadcast fees paid to various sports leagues.
via Financial Times.
Is the bubble going to burst? The trend of the past 20 years suggests that it won’t.
Broadcasters have been locking in their costs through long-term deals. That also makes it harder for tech companies — such as Netflix, Google or Apple — to buy into the market.
The Nasdaq Composite Index closed over 5,000 this week for the first time in 15 years.
A lot has changed since then.
For example, only three of the top 10 companies in the index remain the same.
via NYTimes.
But, notice the change in market cap for those that remain.
The only thing that remains constant is change.
The Nasdaq Composite Index closed over 5,000 this week for the first time in 15 years.
A lot has changed since then.
For example, only three of the top 10 companies in the index remain the same.
via NYTimes.
But, notice the change in market cap for those that remain.
The only thing that remains constant is change.
via Bespoke.
Just 15 years ago, Apple was struggling as a public company — in December 2000 its market cap had dipped to just $4.65 billion. 15 years later, and Apple now has a market cap of $770 billion!
Below is a list of the 40 largest stocks in the S&P 500. For each stock, Bespoke highlights its "Apple Multiplier", or the amount that each company would have to multiply by to reach the size of Apple.
As shown, Apple is currently 2.04x as big as Exxon Mobil — the second largest company in the S&P. Apple is more than 3x the size of companies like General Electric, Procter & Gamble, Facebook, and JP Morgan.
Pretty staggering numbers.
via Bespoke.
Just 15 years ago, Apple was struggling as a public company — in December 2000 its market cap had dipped to just $4.65 billion. 15 years later, and Apple now has a market cap of $770 billion!
Below is a list of the 40 largest stocks in the S&P 500. For each stock, Bespoke highlights its "Apple Multiplier", or the amount that each company would have to multiply by to reach the size of Apple.
As shown, Apple is currently 2.04x as big as Exxon Mobil — the second largest company in the S&P. Apple is more than 3x the size of companies like General Electric, Procter & Gamble, Facebook, and JP Morgan.
Pretty staggering numbers.
I just spent the week celebrating Chinese New Year with Jennifer's side of the family In Jakarta.
Gong Xi Fa Cai … which translates to "Best wishes for a prosperous New Year!"
Interesting to think how many New Year celebrations there are. In addition to CNY, the Muslims have Hari Raya Idul Fitri; Jews have Rosh Hashanah; of course there is January 1st (and there are many others).
Which is correct?
It's all a matter of perspective.
The same is true in trading. At some level, there really isn't a correct answer to which trading style is best.
Whether you are choosing from fundamental analysis, technical analysis, trend following, channel breakouts, or statistical arbitrage, people have their opinions, but sometimes one works better than the others.
It is a lot easier to go to a party, when there is a party to go to … the trick is finding the celebration in the first place.
I just spent the week celebrating Chinese New Year with Jennifer's side of the family In Jakarta.
Gong Xi Fa Cai … which translates to "Best wishes for a prosperous New Year!"
Interesting to think how many New Year celebrations there are. In addition to CNY, the Muslims have Hari Raya Idul Fitri; Jews have Rosh Hashanah; of course there is January 1st (and there are many others).
Which is correct?
It's all a matter of perspective.
The same is true in trading. At some level, there really isn't a correct answer to which trading style is best.
Whether you are choosing from fundamental analysis, technical analysis, trend following, channel breakouts, or statistical arbitrage, people have their opinions, but sometimes one works better than the others.
It is a lot easier to go to a party, when there is a party to go to … the trick is finding the celebration in the first place.
