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My view on what's going on in the financial markets and the global economy, and a few other things that might interest me from time to time.
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Portfolio update: 1H2024
This is an update of my personal portfolio performance in 2Q2024 and 1H2024, good on the surface but worse than the indices would suggest.
tim@emorningcoffee.com
Jul 24, 20248 min read
US deficits / debt soar; should you care?
US deficits are soaring, along with US debt to finance the "exceptional growth" of the US. Can this continue?
tim@emorningcoffee.com
Jun 25, 20246 min read
Midweek update: Apple, CPI/FOMC, GME
We have some US data coming that might matter today (CPI), but the FOMC will sit tight (also today). Discusses Apple's run and GameStop.
tim@emorningcoffee.com
Jun 12, 20247 min read
Is fine wine a good investment?
The 2024 en primeur campaign for Bordeaux is just starting. But is fine wine really a good investment? I don't think so anymore.
tim@emorningcoffee.com
May 2, 202414 min read
Portfolio update: 1Q2024
This is an update about my personal portfolio during and at the end of 1Q2024. It also discusses performance which I consider disappointing.
tim@emorningcoffee.com
Apr 10, 20248 min read
Anti-obesity medications: part 3, valuations of LLY and NVO
This is the 3rd and final article focused on anti-obesity drugs. It looks at valuations of shares of the two giants in this biz, LLY & NVO.
tim@emorningcoffee.com
Mar 18, 20248 min read
Anti-obesity medications part 2: the duopoly of Eli Lilly and Novo Nordisk
Eli Lilly (LLY) and Novo Nordisk (NVO) have been large players for decades in the market for diabetes medications and are currently...
tim@emorningcoffee.com
Mar 14, 20247 min read
Anti-obesity medications part 1: the market for anti-obesity drugs
This article is being published in instalments, of which this is the first, for context. INTRODUCTION Two macrotrends have been drivers...
tim@emorningcoffee.com
Mar 12, 20247 min read
Revisiting gold as an asset class
This is a guest post about gold, penned by online investment firm BullionVault. Gold has just pierced $2,100/oz, reaching a record high.
tim@emorningcoffee.com
Mar 5, 20244 min read
Berkshire Hathaway: 2023 results and the path forward
Berkshire Hathaway released its FY earnings on Sat. As always, there are plenty of juicy nuggets to digest.
tim@emorningcoffee.com
Feb 27, 20249 min read
Revisiting semi-conductors
This article takes a quick look at the semi-conductor value-chain, including chip designers, fabricators and chip machinery makers.
tim@emorningcoffee.com
Feb 20, 20245 min read
Enhancing shareholder value
Looks at ways companies can maximise shareholder value (aside from uttering the words “AI”) including dividends, stock buybacks & layoffs
tim@emorningcoffee.com
Feb 14, 20247 min read
Portfolio update Dec 31, 2023 (4Q23 and FY 2023)
This article provides a 4Q23 update on my personal portfolio. I was conservatively positioned going into an unexpectedly strong quarter.
tim@emorningcoffee.com
Jan 25, 20246 min read
Some investment "thoughts" to start off the new year
2023 was an amazing year for nearly all traditional asset classes around the world. Can this carry-on? This article covers my thoughts.
tim@emorningcoffee.com
Jan 2, 202431 min read
Spending your retirement savings
I wrote about portfolio allocation pre-retirement a few weeks ago. This article is about “sizing” your drawdowns after you retire.
tim@emorningcoffee.com
Dec 7, 20238 min read
Personal portfolio allocation
This article is about the allocation of yours savings across different asset classes to maximise returns given your risk profile
tim@emorningcoffee.com
Nov 30, 20237 min read
Happiness and wealth
Happiness is the prize, wealth can be a by-product by following a few simple rules, and starting early in life.
tim@emorningcoffee.com
Nov 15, 20234 min read
A break from financial markets commentary
Matthew Perry's passing has deeply affected many people who came to know and love his endearing character on "Friends."
tim@emorningcoffee.com
Nov 2, 20235 min read
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