‘Flation

Can Interest Rates Go Up?

Raising interest rates… It’s the one thing that everyone is sure is going to happen, unless you are Japan or Europe or perhaps the United States. Long term bond interest rates in many of the developed world currencies are falling sometimes into negative rates. That means that some people are happy to receive most of […]
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Such a Cool World We Live In

Who cares about the knuckleheads at central banks – they are screwing the pooch in a royal fashion.  So many wonderful life changing technologies are emerging its a wonderful time to be alive. Two things that caught my attention today – “poo water” and 3d printed houses. Bill Gates was on Fallon talking about his […]
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San Diego and Venture Capital Funding

San Diego even though it possess a great local ecosystem of innovation it does appear to be a red headed step child for the attraction of Venture Capital funding. I pulled this data from the PWC Moneytree website. You can see that in terms of total dollars San Diego is still attracting a similar amount […]
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What to expect from Valuation

The danger with valuations is they are a lot like a bikini – they show you a lot, they don’t show you everything. The current Case Shiller Cyclically Adjusted PE ratio is currently 25.73. What does this mean?  Since January of 1881 to today the average PE ratio is 16.61, with a standard deviation of […]
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Price Matters

Every asset is valuable at the right price. What’s the right price is one of the most difficult questions to answer when it comes to investing.  We can try to forecast cash flow, margins of safety, operating margins, macro economic conditions and interest rates. It just gives us insights into what things might be worth […]
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‘Flation

Here’s a FlikStak that I created around the data points of inflation: https://flks.tk/SCq
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