Index funds will be permanent owners who can never sell. That will give them power they are not likely to use well.
– Charlie Munger

Featured Article

The Science Of Why You Should Spend Your Money On Experiences, Not Things
You don’t have infinite money. Spend it on stuff that research says makes you happy.

Companies

Mount Pleasant plans get final sign-off
Royal Mail continues to liquidate its redundant properties. The company recently sold a one acre site near Paddington station for at least £111 million, and has just received final consent for a development that could be worth up to £1 billion (not all accruing to Royal Mail). That leaves Nine Elms, which has been valued at £662 million by analysts. Royal Mail had a market capitalisation of £4.4 billion at the date of the announcement of the approval.
Controversial plans to redevelop a Royal Mail site in central London with a 681-home scheme have received final approval.

Amazon’s Value Proposition: Never Run Out Of Toilet Paper!
The guys at Strategyzer explain the value proposition of Amazon’s new Dash Button, which allows Prime members to order household essentials with a single, seamless click. Customer lock-in for Amazon and big brands, who would no doubt be willing to pay for this kind of measurable product placement in our homes.
When you’re running low, simply press Dash Button, and Amazon quickly delivers household favorites so you can skip the last-minute trip to the store.
Request an invitation.

Related

Amazon launches Amazon Homes Services
Amazon Home Services is a new and simple way to buy and schedule professional services such as furniture assembly, house cleaning, and lawn care directly on Amazon.

Tesla Stockholders Can’t Take a Joke
Stupid smart trading algorithms.
So people lost maybe as much as a few hundred thousand dollars because, for a brief stupid minute, they thought… Tesla was introducing a thing called the Model W, and they didn’t read any further than the headline, and they bought Tesla stock hoping that the Model W, whatever it was, would be a huge success… And when I say “people” I mean mostly “algorithms“.

Why Etsy’s brave new economy is crumbling
How long until browsing Etsy isn’t much different than taking a stroll in Commodity City?

Markets

Oil Prices Plunged—Why Haven’t Airfares and Some Home Energy Bills?
Because industry mergers have cut competition, he says, “airlines really don’t have to listen to customers anymore, and they’re not. They’re listening to their bottom line.

A banking survey of Alaska
Even though Alaska isn’t a hot bed of business there are still people who live and work there who need loans and have money to deposit. In general the state is overlooked, and I imagined their banks would be even more overlooked. It turns out I was right. The state has five bank headquartered there and three are publicly traded.

Germany’s trade surplus is a problem
At current yields, the argument for governments borrowing to invest in infrastructure seems logical and is increasingly raised by commentators.
Germany can borrow for ten years at less than one-fifth of one percentage point, which, inflation-adjusted, corresponds to a negative real rate of interest. Infrastructure investment would reduce Germany’s surplus by increasing domestic income and spending, while also raising employment and wages.

560,000-Acre Swath of Florida Land Going on the Market
The largest contiguous parcel of undeveloped private land east of the Mississippi River, a vast swath of forest in northern Florida, is going on the market and is expected to bring $1 billion or more when it is sold this year.

Investing

Notes from the Meeting Dr. George Athanassakos and Ivey MBA and HBA students had with Mr. Warren Buffett
The saying goes that success is about getting what you want, while happiness is about wanting what you get. For myself happiness is more important. My goal was always financial independence; working for myself and finding a job where I admire the people I work with.

Related

Notes From Charlie Munger’s Daily Journal Meeting 2015

Long reads

The Science Of Why You Should Spend Your Money On Experiences, Not Things
You don’t have infinite money. Spend it on stuff that research says makes you happy.

I Followed My Stolen iPhone Across The World, Became A Celebrity In China, And Found A Friend For Life
This really happened.

These People Are Trying to Run 155 Miles Through the Sahara Desert
The rules require self-sufficiency: The organizers provide only essentials such as water (120,000 liters), Berber tents (300) and painkillers (6,000). And the race name is a misnomer: The distance is almost six times a marathon.

Graph of the week

World’s Biggest Data Breaches

Source: dailyinfographic.com
Source: dailyinfographic.com
Advertisements

One thought on “Weekly market round-up: 6 April 2015

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s