Startups are doing ICOs and issuing protocol tokens rather than equity fundraising. One of many differences between an equity raise and an ICO is that ICOs have a new weird disinflation dynamic where your investment will almost certainly get diluted in a systematic way.COIN equity future ICO investment investors money protocol relative supply
The constant drone of controversy you hear in the background on active vs passive management and rules-based vs discretionary and how you “outsmart” other investors obscures the fact that there are only three ways to make money in the market: Accept the equity risk premium, provide liquidity, and uncover superior information. As an equity investor, you are taking on the riskiest portion of the capital structure to gain access to the present value of the future earnings of a company.capital efficient equity investors liquidity lower market return stocks unit
It seems the market is in a downtrend, but trends can be notoriously difficult to identify in their early stages.
To understand the overall risk appetite of the market, let’s calculate how the market has reacted to >2.5% weekly rallies in the past.big Bottom dominant gain market patterns rally Trend weekly year
A sunny and bullish trending market showering your portfolio with gains feels incredible. During the market summer, bearish sentiment quickly turns cautiously optimistic and the tape transitions from oversold to overbought — and stays overbought for weeks.bearish break market obvious optimistic overbought season sentiment turn winter
The biggest debate in markets over the past two months is whether the late August drop would lead to a deeper decline and potential recession or whether it’s a buying opportunity.
Let’s look at the patterns which have conditioned investor perception of risk over the bull market cycle.correction data dip dominant future higher market pattern potential rally
A couple of months ago I wrote a post about the behavioral principals behind the momentum effect in the markets.
Below is a table which ranks the 12-month returns for the S&P 500 ($SPY), Real Estate ($VNQ) and the constituent sectors which make up the S&P 500 index ($XLB, $XLE, $XLF, $XLI, $XLK, $XLP, $XLV, $XLY, $XLU.highlighted internalize Losing momentum persists post reasons visual wanted winning