Strategy (MSTR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Strategy (MSTR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
A Hong Kong whisky investment firm is seeking to raise up to US$50 million for its second private equity-style fund, pitching the spirit as a hedge in volatile markets despite a slump in prices across the industry. Rickesh Kishnani, co-founder and chairman of Rare Whisky Holdings, said whisky had been gaining traction among wealthy investors seeking alternatives to traditional safe havens. “This i...
A Hong Kong whisky investment firm is seeking to raise up to US$50 million for its second private equity-style fund, pitching the spirit as a hedge in volatile markets despite a slump in prices across the industry. Rickesh Kishnani, co-founder and chairman of Rare Whisky Holdings, said whisky had been gaining traction among wealthy investors seeking alternatives to traditional safe havens. “This is the market where people turn to gold, but we’ve seen even gold not hold up in terms of...
Sarah Finch is among six recipients of the Goldman Environmental prize, awarded to honour grassroots activists around the world The woman whose campaigning set a legal precedent in the UK that stopped thousands of tonnes of greenhouse gas emissions has been awarded one of the world’s most prestigious environmental prizes alongside five other women from around the globe. A supreme court ruling in a...
Sarah Finch is among six recipients of the Goldman Environmental prize, awarded to honour grassroots activists around the world The woman whose campaigning set a legal precedent in the UK that stopped thousands of tonnes of greenhouse gas emissions has been awarded one of the world’s most prestigious environmental prizes alongside five other women from around the globe. A supreme court ruling in a case brought by Sarah Finch has been cited in decisions against new oil concessions in the North Sea, the UK’s first new deep coalmine for 30 years and even plans for new large-scale factory farms. Iroro Tanshi, a Nigerian conservation ecologist who launched a successful, community-led campaign to protect endangered bats from human induced wildfires; Borin Kim, a South Korean activist who won the continent’s first successful youth-led climate litigation, finding her government’s climate policy to be in violation of the rights of future generations; Alannah Acaq Hurley, a leader of the Yup’ik Indigenous people led a campaign that stopped what would have been the continent’s largest open-pit mine, in Alaska’s Bristol Bay region; Yuvelis Morales Blanco, a youth activist who mobilised others in her Afro-descendant community in Puerto Wilches against two drilling projects, preventing the introduction of commercial fracking into Colombia; Theonila Roka Matbob, of Papua New Guinea, whose campaign forced Rio Tinto, the world’s second-largest mining company, to sign an agreement to address devastation caused by its Panguna mine. Continue reading...
Sarah Finch’s fight against drilling led to a landmark ruling on fossil fuel emissions – and a leading environmental prize It started with a notice in the local newspaper and ended with winning one of the world’s most prestigious environmental prizes. In 2010, Sarah Finch was flicking through the local planning notices when one caught her eye: a proposal to drill for oil at Horse Hill in Surrey, j...
Sarah Finch’s fight against drilling led to a landmark ruling on fossil fuel emissions – and a leading environmental prize It started with a notice in the local newspaper and ended with winning one of the world’s most prestigious environmental prizes. In 2010, Sarah Finch was flicking through the local planning notices when one caught her eye: a proposal to drill for oil at Horse Hill in Surrey, just outside Crawley, over the border in West Sussex, 6 miles (10km) from her home. Surrey is not the kind of place one expects to find the oil industry. It’s a county of little villages, farms, woods and commuter railway stations. Its semi-rural landscape stretches off towards the horizon in a typically English green patchwork. It is difficult to envision it littered with nodding donkey pumpjacks and gas flares. Continue reading...
Arron Jones/iStock via Getty Images Dear Clients and Friends, During the first quarter of 2026, the median account return for separate accounts managed by Greystone Capital was +1.4%. net of fees. First quarter results compare favorably to the S&P 500 and Russell 2000 returns of -4.3% and +0.9% during the quarter. Because client portfolios are invested in a concentrated way consisting of small com...
Arron Jones/iStock via Getty Images Dear Clients and Friends, During the first quarter of 2026, the median account return for separate accounts managed by Greystone Capital was +1.4%. net of fees. First quarter results compare favorably to the S&P 500 and Russell 2000 returns of -4.3% and +0.9% during the quarter. Because client portfolios are invested in a concentrated way consisting of small companies mostly outside of the major indices, our returns should typically vary from the returns generated from those indices. As a reminder, Greystone Capital Partners LP is our go-forward vehicle for new investor capital and is currently open to subscriptions. Because capital is currently being onboarded into the partnership, this quarter's letter reflects the performance of legacy separately managed accounts. Once the transition is complete, reporting will move to the fund level and future letters will be published under Greystone Capital Partners. I continue to believe the current opportunity set makes this an especially compelling time to allocate. As I've often repeated, I place little weight on short-term performance, but a positive gain in a quarter like this one is a good result. Broad indices were negative, volatility increased materially, and several higher multiple areas of the market experienced meaningful drawdowns. Our positive return was driven primarily by positioning, as we own no software and no 'quality' stocks trading at absurd valuations, instead remaining focused on smaller and cheaper corners of the market. While it's not always additive to communicate on a three-month basis, particularly when our Q4 letter was published at the end of January, I thought it would be useful to briefly revisit how I think about investing in an environment like this one. Separately, we had a significant portfolio event take place at the start of Q2 worth discussing. The past several years has shown that there is almost always something for investors to worry about. Since 2...
Cracks Appear In Climate Consensus As Germany's Energy Minister Admits Renewables Are Ruining The Country Authored by Tilak Doshi, When Simon Wakter, Political Adviser to Sweden’s Minister for Energy, posted on X last Wednesday with a simple “Wow, incredible article” and a clapping emoji, he captured the shock rippling through Europe’s energy commentariat. The target of his applause was not some f...
Cracks Appear In Climate Consensus As Germany's Energy Minister Admits Renewables Are Ruining The Country Authored by Tilak Doshi, When Simon Wakter, Political Adviser to Sweden’s Minister for Energy, posted on X last Wednesday with a simple “Wow, incredible article” and a clapping emoji, he captured the shock rippling through Europe’s energy commentariat. The target of his applause was not some fringe sceptic but Germany’s own Economy and Energy Minister, Katherina Reiche. In a guest column for the Frankfurter Allgemeine Zeitung , Reiche delivered a verdict that would have been career-ending heresy only a year ago: “One fact has been concealed for too long: an energy transition that ignores system costs will ruin the country it claims to save.” To anyone who has watched Germany’s Energiewende — that totemic experiment in decarbonisation-by-decree — unfold like a slow-motion train wreck, Reiche’s words land like a thunderclap from the Establishment itself. Here is a senior CDU Minister in Chancellor Friedrich Merz’s Government openly admitting that two decades of Green-inspired fantasy have saddled the continent’s industrial powerhouse with hidden costs now running, according to estimates she cites, at €36 billion a year and climbing towards €90 billion. Grid expansions, backup power for intermittent wind and solar and the sheer inefficiency of trying to run a modern economy on the weather: all of it, she says, must stop being airbrushed out of the official narrative. The self-deception, she warns, is over. This is not mere technocratic tinkering. It is the first major public crack in the ideological edifice that has dominated German — and by extension European — energy policy since the anti-nuclear, beatnik ’68ers’ generation seized the cultural high ground. Rupert Darwall chronicled the phenomenon with great precision in Green Tyranny : how a handful of German Greens, personified by the sneaker-wearing Joschka Fischer swearing in as Hesse’s environment minister in...
2026 has included a major rotation away from the mega-cap tech stocks that led the market for years. With the economy showing signs of slowing and the labor market weakening, investors took a meaningful step toward establishing more defensive positioning within equities. Sectors that have long underperformed, such as consumer staples and materials, have already delivered big returns this year. Val...
2026 has included a major rotation away from the mega-cap tech stocks that led the market for years. With the economy showing signs of slowing and the labor market weakening, investors took a meaningful step toward establishing more defensive positioning within equities. Sectors that have long underperformed, such as consumer staples and materials, have already delivered big returns this year. Value, low volatility, and small-cap stocks have also been beating the S&P 500 (SNPINDEX: ^GSPC) . If you're still focused on tech and growth stocks, you're probably leaving some gains on the table. These Vanguard ETFs have all turned it around in 2026 to lead the market higher. Continue reading