Bain study shows that frequent acquirers outperform. “To put some data behind this assertion, from 2000 to 2010 companies that were frequent acquirers earned 57% higher shareholder returns vs. those that stayed out of the market. Now that advantage is about 130% (see Figure 1 ..read more

Plenty of liquidity in MMF as % of disposable income. Source ..read more

Nice page from IFS on how income inequality, living standards and poverty are evolving. This one, in particular, is interesting – “Another way to see how income inequality has changed over time is the following chart – known as a ‘growth incidence curve’. This shows the average annual percentage growth in incomes at each percentile of the income distribution, for selected time periods ..read more

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“We believe even modest amounts of leverage is risky… …but large concentrated bets like being 100% in equities are just peachy keen“ Among the list of beliefs that the investment community holds simultaneously that are at odds ..read more

Traffic and sales to restaurants in the US is falling. Source ..read more

Hit a record 40% of all IPOs last year (20% from China). Source: Topdown Charts ..read more

Interesting stats in this report. For example the remarkable growth in earnings artists – across thresholds these numbers have tripled since 2017 ..read more

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