Core Insights - The investment strategy focuses on acquiring strong businesses when they are undervalued, emphasizing the importance of quality and price in investment decisions [1] - The portfolio has evolved over time, transitioning through various industries including telecom, banking, technology, and emerging markets, with a current emphasis on high-quality businesses [1] - The investment philosophy is influenced by notable investors and CEOs, highlighting the value of learning from successful figures in the industry [1] Investment Strategy - The approach prioritizes companies with large user bases and extensive content libraries, recognizing the potential for cross-selling opportunities [1] - Valuation is conducted at the EBIT plus R&D level, reflecting a belief in the significance of certain R&D investments [1] - The investment performance from February 2019 to October 2024 shows an annual return of 11.4% CAGR, which is below the market's 15.18% CAGR, indicating a need for improved future performance [1] Portfolio Management - The strategy aims to minimize portfolio turnover, with a focus on holding existing investments rather than frequent buying and selling [1] - The philosophy rejects traditional "Buy" and "Sell" recommendations, advocating for a "Strong Buy" threshold for exceptional businesses and categorizing others as "Strong Sell" to free up capital for new opportunities [1] - A "Hold" position may be initiated for high-quality businesses if their pricing is not favorable, indicating a flexible approach to investment management [1]

🇯🇵 LATEST: Japan’s first digital bank, Minna Bank, teams up with Solana and Fireblocks to test stablecoins. https://t.co/UFJW6MxrOd ...

Group 1: Summit Therapeutics - Summit Therapeutics has experienced significant growth due to its leading pipeline candidate, ivonescimab, which is an investigational cancer medicine licensed from Akeso Biopharma [4] - Ivonescimab has shown excellent results in a phase 3 study for non-small cell lung cancer (NSCLC) in China, where it competes against Merck's Keytruda, indicating substantial market potential [5] - The company is conducting late-stage studies in the U.S. and is expected to release key data in the coming years, which could significantly impact its stock price [6] - Ivonescimab is being tested across various cancer types, suggesting potential for multiple approvals and label expansions in the future [7] Group 2: SoFi Technologies - SoFi Technologies has seen its shares more than double over the past year, despite challenging economic conditions [9] - The company reported a 20% year-over-year revenue increase to $771.8 million in the first quarter, although net income dropped by 19% to $71.1 million, exceeding management's guidance [10] - SoFi's membership grew to a record 10.9 million, up 34% year-over-year, highlighting the trend towards digital banking among younger generations [11] - The company has the potential to increase revenue by cross-selling additional products to existing users, with an average of 1.5 products per member [12] - SoFi continues to expand its offerings, enhancing its platform's attractiveness to consumers, positioning it well for long-term success despite potential recession risks [13]

July 3, 2025 06:19 PM GMT US Rates Strategy | North America An Opportunity to Buy the Supply and Add to Steepeners The nonfarm payroll report, carried by state and local government education-related jobs, and the low unemployment rate suggest a dynamic aligned with our economist's view for lower US potential growth and a lower equilibrium rate leading to more Fed cuts. Stay long and in curve steepeners. Key Takeaways Please add me to your distribution list. M Idea Morgan Stanley & Co. LLC Matthew Hornbach S ...

Global Macro Research June 30th, 2025 Global Macro Outlook and Strategy Global Rates, Commodities, Currencies and Emerging Markets Luis Oganes AC (44-20) 7742-1420 luis.oganes@jpmorgan.com J.P. Morgan Securities plc See the end pages of this presentation for analyst certification and important disclosures. {[{xTcfaSlj-ZSQMv-ljRpIMwb8de_IkRyUQgSEehgsqRWyU9rJnLYnzA}]} Overall summary US Rates While we continue to find value at the front-end, front-end yields have declined to 2-month lows, aided in part by cri ...

Group 1 - Triumph Financial, Inc. (Nasdaq: TFIN) will release its second quarter financial results and management commentary after market close on July 16, 2025 [1] - A conference call to review the financial results will be held on July 17, 2025, at 9:30 a.m. central time, led by Vice Chairman and CEO Aaron P. Graft and CFO Brad Voss [2] - The live video conference can be accessed through a specific link or the Company's IR website, with an archive available afterward [3] Group 2 - Triumph Financial is a financial and technology company focused on modernizing and simplifying freight transactions, with a portfolio that includes Triumph, TBK Bank, and LoadPay [4]

Nvidia Corp (NASDAQ:NVDA) just became the world's most valuable company in history. The shares hit a record high of $160.98 today, up 19.1% since the start of 2025. For those betting on even more highs for the semiconductor giant, it's worth noting that the stock rarely disappoints in the third quarter. Per Schaeffer's Senior Quantitative Analyst Rocky White, NVDA finished the third quarter positive in eight out of the last 10 years, making it one of the best S&P 500 Index (SPX) stocks to own during this ti ...

India’s central bank announces plans to withdraw excess liquidity from the banking system https://t.co/43dTGFGBuV ...

Core Insights - The article discusses the author's academic and professional background in Machine Learning, Economics, and Finance, highlighting expertise in Data Science and Machine Learning applications within the banking and finance sectors [1]. Group 1: Academic Background - The author holds a PhD in Machine Learning with a focus on Economics and Finance [1]. - The author has academic affiliations with IESE Business School, ESADE Business School, and the Barcelona Supercomputing Center [1]. Group 2: Professional Experience - The author has worked at Deloitte Financial Advisory, specializing in Data Science and Machine Learning applications for clients in banking, insurance, and finance [1]. - The author currently teaches Asset Pricing and Introduction to Corporate Finance at ESADE Business School at the MSc/BSc level [1]. Group 3: Research Focus and Interests - Current research focuses on Generative AI in sustainable finance [1]. - The author's interests include machine learning and generative AI applications in finance and economics, with proficiency in Python, R, and SQL [1].

2025年6月27日，清华大学五道口金融学院受邀在第14届中国（广州）国际金融交易·博览会上 举办主旨会议。会议由清华大学五道口金融学院主办，北京清控金媒文化科技有限公司、广州 金交会投资管理有限公司、《清华金融评论》编辑部承办。会议以"新产业、新技术、新模式、 新动能——数智金融助力高质量发展"为主题，为期1天，设置主旨演讲、高端对话、主题发言 和圆桌交流环节。多位来自金融、保险、法律与健康产业领域的顶尖学者和资深从业者，围绕 普惠金融发展、数智化金融创新、产业并购机遇及健康险生态合作等话题进行了深入交流。 中国人民大学中国普惠金融研究院（CAFI）院长贝多广 作主题分享 ，他提到，一是正确认识普惠 金融的内涵，不是简单的普及加优惠，而是要将中小微弱等群体包容进来，提供金融服务，其核心 是包容性。二是明确普惠金融的广泛范围，不应局限于普惠信贷，而是一个综合服务体系，要涵盖 整个金融体系，包括普惠信贷、消费金融、普惠保险、股权投资等。三是目前普惠金融生态体系仍 存在不足，应加强对农村养老、中小微科创企业、绿色金融覆盖中小微农村等领域的重点支持。最 后，他指出，数字金融未来方向是数智化。 图为贝多广发言 以下为 ...