Nepalese candidates launched their campaigns on Monday for next month’s parliamentary election, the first since deadly anti-corruption protests toppled the previous government last year. “This election will draw the future of the country,” Sushila Karki, who is serving as interim prime minister until the March 5 vote, said ahead of the launch. The youth-led protests were triggered by a brief socia...
Nepalese candidates launched their campaigns on Monday for next month’s parliamentary election, the first since deadly anti-corruption protests toppled the previous government last year. “This election will draw the future of the country,” Sushila Karki, who is serving as interim prime minister until the March 5 vote, said ahead of the launch. The youth-led protests were triggered by a brief social media ban but were fuelled by anger at economic stagnation and an ageing elite seen as out of...
The Ministry of Emergency Management has warned officials of the urgent need to prevent a repeat of the fireworks explosion that killed eight people in Jiangsu province, eastern China, on Sunday, the start of the country’s nine-day Lunar New Year holiday. The ministry convened an emergency meeting following the blast at a fireworks shop in Dongan village in Donghai county, which happened after a v...
The Ministry of Emergency Management has warned officials of the urgent need to prevent a repeat of the fireworks explosion that killed eight people in Jiangsu province, eastern China, on Sunday, the start of the country’s nine-day Lunar New Year holiday. The ministry convened an emergency meeting following the blast at a fireworks shop in Dongan village in Donghai county, which happened after a villager “improperly set off fireworks near the store”. According to state broadcaster CCTV, two...
Supitnan Pimpisarn/iStock via Getty Images There is a chart that is a little troubling about the market right now. It is the forward P/E of the S&P 500 ( SPY ) and the returns for the next 10 years, and this chart shows that there is a certain correlation between the two. And after 20x, historically, the return for the next 10 years is much closer to low single digits per year. This is not an abso...
Supitnan Pimpisarn/iStock via Getty Images There is a chart that is a little troubling about the market right now. It is the forward P/E of the S&P 500 ( SPY ) and the returns for the next 10 years, and this chart shows that there is a certain correlation between the two. And after 20x, historically, the return for the next 10 years is much closer to low single digits per year. This is not an absolute truth, as it depends on several factors, such as the actual growth of companies in the future, the composition of the S&P 500 at the time, and so on. But in any case, it is enough to say that when expectations are high and indexes are expensive, returns are generally compressed. Apollo Academy; Bloomberg And that, for me, goes hand in hand with the case for Brookfield Corporation ( BN ). I don't think the market right now is an obvious buy, and yet, if we think about other trends such as the devaluation of the USD, geopolitical risks, and inflationary risks, even having a lot of cash in American Treasury doesn't seem so obvious and safe. But Brookfield still seems to me to be something close to a “safe haven,” a case closely linked to real (and quality) assets, good prospects that allow for compounding, and a very reasonable valuation, and Q4 comes as another point to illustrate this. Therefore, little by little, I continue to increase my position in BN stock. Brookfield's Q4: Another Solid Quarter The market reaction to Q4 earnings was practically neutral. The stock rose slightly but stayed at +1% and +2%. And I think that's a totally accurate reaction. That was more or less my interpretation after reading the releases. It was a good earnings report, with some negative and some positive points, but it's not “big news” that would cause the stock to rise 10% or fall 10%. But the point I see as positive is that the results and the entire positioning of management only reinforce that this is not a one-quarter job. The focus is not only on the small things that happened bu...