Not exact matches
Sam — I finally dove into Personal
Capital a few weeks ago — although I sent them a note I thought you would be interested to know
with Fidelity 401K accounts — all the variations of funds we hold just come through as cash
allocation, which is pretty useless
with this assessment — I see on PC help page tons of comments about this — Done By Forty is all over this as
well — thanks for any insights from anyone
This implies a slowdown in reforms that increase the private sector's productivity and economic share, together
with a greater economic role for state - owned enterprises (and for state - owned banks in the
allocation of credit and savings), as
well as resource nationalism, trade protectionism, import - substitution industrialisation policies, and imposition of
capital controls.
In my attempt to create this value, I provide you
with insights on the operations,
capital deployment
best practices, investment processes, portfolio
allocations, investment committees, and fund manager selection processes of family offices using instructional videos, audio MP3s, and other unique resources you simply won't find anywhere else.
Growth
Capital Investors: The clients we currently advise under contract on the buy - side have an average portfolio of $ 1.1 B, over $ 5.1 B in aggregate AUM and
well over $ 400M a year target
allocation with this direct and co-investment focus:
It's
better if you can find a business
with market power like U.S. Lime and then buy it when there's a change in
capital allocation.
And since the board / management are the obvious problem / road - block here in terms of
capital allocation, I do think the recent board changes actually offer asymmetric risk / reward — at worst, we end up
with some new management / board members & just more of the same... but at
best, we end up
with a team who can actually deliver on acquisition (s) and / or a meaningful return of
capital to shareholders (ideally, via a tender offer).
Except value stocks are often mired in bad management, bad business models, bad industries & dreadful
capital allocation —
with little hope of compounding their intrinsic value — the
best we can hope for is a realisation of intrinsic value.
I'm not sure what's happening
with the deployment of the newly received cash but I would have to see some sign of
good capital allocation in order to come to a positive investment conclusion.
In their most recent email, Charles Gave (a genuinely bright guy that I usually agree
with) argues that indexing is inherently socialist because you lose discipline in
capital allocation, and allocate to companies in proportion to their market capitalization, which is inherently pro-momentum, and favors large companies that have few
good opportunities to deploy
capital.
Those direct engagements clearly showed that the investors are becoming increasingly empowered to engage
with companies to align
capital allocation in accordance
with the exposure to climate risks, while the Boards and executive teams of fossil fuel companies are becoming more aware, proactive and
better able to manage climate risks.