Incredibly Shallow VC Scene For Pharma R&D In India
India pharma is touted as a big success, but what it does is not much better than Indian IT – low cost work with negligible innovation. There is no simply appetite for pharma R&D in India – not amongst companies, and perhaps as a corollary, not amongst VCs either. At Wisdomsmith we took on fund […]
King Digital Entertainment Drops 10% On Mediocre Q2 Outlook
By Carly Forster Candy Crush maker King Digital Entertainment (NYSE: KING) announced its first quarter 2015 earnings report late Thursday, May 14, sending shares down 10%. Although the game maker’s first quarter results beat expectations, a mediocre second quarter outlook sent shares down. Highlights from King Digital’s first quarter report include earnings of $0.51 per share […]
E Adieu To Don And Mad Men And Women We Love
“Mad Men” ends tonight and so will the closest I will ever experience a fetish in my lifetime. I’m willing to succumb to the most self-indulgent continuing confection ever captured on film. I ask for no mercy relieving me from “Mad Mens” creator, master storyteller, satirist, and magician. How did the world of “Mad […]
This Is What Keynesian “Success” Looks Like: Soaring Part-Time Jobs, Record Low Real Wages
Though we noted the plight of the Japanese worker in a previous post, a plight which arrived in the US some five years ago yet which the mainstream still refuses to acknowledge, the punchline may have been somewhat diluted. So here it is again, without much additional commentary. When it comes to the consequences of Japan’s QE, now […]
Overview Of Fidelity Mid-Cap Stock Fund (FMCSX)
Fidelity Mid-Cap Stock (FMCSX – MF report) a Zacks Ranked #1 (Strong Buy) was incepted in March 29, 1994 and FMCSX seeks long-term growth of capital. FMCSX invests a lion’s share of assets in common stocks of companies with medium market capitalization (those with market capitalization similar to companies in the Russell Midcap Index or the S&P MidCap […]
Obama’s Push To Expand Credit To “Credit Invisibles”
A recently released government study by the Consumer Financial Protection Bureau on “Credit Invisibles” has some interesting facts on people with and without credit histories. Approximately 188.6 million Americans have credit records at one of the NCRAs that can be scored by the commercially-available model. This represents over 80 percent of the adult population. An […]
Uranium’s Glow Still Smothered By Safety Concerns
Just when it looked like it was time to jump back into the uranium market, prices have faltered yet again. Uranium prices have taken a turn for the worse due to a combination of factors that pulled the floor from underneath the commodity. Back in November 2014, prices spiked from $28 per pound to […]
Changes To Berkshire Hathaway’s Portfolio In First Quarter 2015
After the market closed on May 15, 2015, Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B) reported its equity holdings of U.S. based companies in its SEC 13F filing for the quarter ending March 31, 2015. This report revealed numerous changes to Berkshire’s portfolio. The three largest were: (1) Warren Buffett added about $400 million (3%) to his […]
Weekly Economic & Political Timeline 5/17/2015
This week should be more news-driven than last week, with key central banks releases on the USD, JPY and AUD. The USD will of course dominate as it is central to the Forex market, which is usual, but right now focus on the USD is very dominant and Wednesday could have a key impact on […]
How Japan Became The Benchmark For America’s Fraudulent “Jobs Recovery”
It was one month ago when we showed how, thanks to a lot of statistical sleight of hand, Japan had completely “revised” one year of increasing nominal base wages to declining or flat at best, confirming that all the much-touted wage “improvements” heading into the Japanese election of late 2014 in which Abe was reelected by a […]
