Starbucks is one of those very small handful of companies who have done a great job at creating and keeping their customers, and potential customers thereof as well, in their ecosystem through their app. It is one thing to create an app (most chain stores have already created their own apps by now as of … Continue reading SBUX: 0% Financing from Customers
Investment Theses: Long-dated Gov’t bonds will no longer be an effective diversifier
As the global banking system continues this trend of further benchmark yield compression close to and/or below zero % yield, it's worth thinking about the implications the importance and direction of holding long-dated government bond as a portfolio diversifier. My take on this whole global yield compression is (1) we will likely continue to go … Continue reading Investment Theses: Long-dated Gov’t bonds will no longer be an effective diversifier
Leasco Data Processing Corp. – Asset Depreciation and Access to Capital, Cash Conversion Cycle
There are many ways to finance the early phase and growth portion of any enterprise's lifecycle, whether it be with bank loan, private loan, credit, equity and many more financing channels. In the traditional venture capital model, LP provides capital to GP which then selectively deploy those capital into supposedly high growth targets, and those … Continue reading Leasco Data Processing Corp. – Asset Depreciation and Access to Capital, Cash Conversion Cycle
Credit vs Equity Bubble and Implied Volatility and Level of Certainty of Future
While both equity and credit bubble both involve higher price fundamentally, the underlying theses are generally inversed relatively to the implied volatility. This is a thought on the philosophical layer, and as such, in practice, there is some level of linkage in the capital flow between the equity and credit market. An equity bubble is … Continue reading Credit vs Equity Bubble and Implied Volatility and Level of Certainty of Future
Intersection notepad 