A week ago, I heard Blackstone’s COO, Jon Gray, talk about his company’s recent growth tilt. He said that decline in the U.S. interest rates that has gone on for last 30 years has come to an end. And with that, expansion of valuation multiples too. He is now focused on acquiring … [Read more...] about My two-year bet on Apple
Bonds
Mid-year portfolio update 2018
Since my last quarterly update, there haven’t been many changes in my portfolio. Stocks have been on the rise since April this year -- making up for the losses in the first quarter. Looking further back, if I compare today’s asset allocation with what I had last year, there have … [Read more...] about Mid-year portfolio update 2018
Benchmarking my portfolio against Yale’s endowment
I realize that this sounds silly. Individual investors and university endowments don’t play in the same league! Still there is no harm in studying other investors’ portfolios. Even those that are managed professionally. For perspective, current market value of Yale University’s … [Read more...] about Benchmarking my portfolio against Yale’s endowment
When stocks turn into perpetual bonds
When you buy corporate bonds, you are told how much interest you will get and for how long. Your expected returns are spelled out by the company issuing the bonds. If you hold these bonds until they mature, you will get your initial investment back. There are risks, of course. … [Read more...] about When stocks turn into perpetual bonds