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Venture Capital Markdowns Start To Hurt Hedge Funds And Retirement FundsWith interest rates pinned to the ground, and returns from public equity markets looking uncertain, the California Public Employees' Retirement System came up with a plan last year to boost returns in order to meet its growing obligations to retirees. Towards the end of 2021, the $495 billion retirement fund announced that it would be […] Read More The Imminent Earnings Recession… [DIRTY DOZEN]"Most people will not wait for the environment to tip itself off. They will walk into the forest when it is still dark, while I wait until it gets light." ~ Mark Weinstein Read More Your Financial Liability to Your Government Is InfiniteIn the year 1255 AD, a prominent Italian businessman named Orlando Bonsignori launched a new venture that he boldly called the Gran Tavola, or "Great Table". Read More Naked Wines ($wine) Update – the Good, the Bad and the UglyNaked Wines released their full earnings last week and the result was a full disaster with the share price down a whopping -43% despite the fact that the headline numbers were already known. It is a good reminder that even being down more than -60% from its top, a stock can still fall another -40% […] Read More
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