I am excited to have the opportunity to be a regular contributor to Significance Magazine. Below is the first of what I hope to be many contributions. I hope to see contributions from my talented (and more well written) friend and cancer researcher Ryon Graf soon, and don’t get subscribed so that you can participate on the plantwear giveaway .
“It would be easy to paint a picture of recovery for these industries based on sales revenues, although there is no indication of a casual relationship between the two. These reports are meant for the average consumer only in a sense to stir up positive sentiment, which in turn spurs more discretionary spending. It is more plausible that these reports are meant for the real stakeholders: shareholders and potential investors. We can surmise that in a world of algorithmic high frequency trading and complex derivatives based on yet other derivatives, that the common equities market does not always correlate to the real-world P&L performance. I recall a former boss’s retort of traditional value investing: ‘The market can stay irrational longer than you can stay solvent’. “