Musings on Markets

JANUARY 5, 2024

I have also developed a practice in the last decade of spending much of January exploring what the data tells us, and does not tell us, about the investing, financing and dividend choices that companies made during the most recent year. Dividends and Potential Dividends (FCFE) 1. Return on (invested) capital 2.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Musings on Markets

JANUARY 10, 2025

Not surprisingly, the company listings are across the world, and I look at the breakdown of companies, by number and market cap, by geography: As you can see, the market cap of US companies at the start of 2025 accounted for roughly 49% of the market cap of global stocks, up from 44% at the start of 2024 and 42% at the start of 2023.

Risk Premium 115

Risk Premium Dividends Start-ups Corporate Finance 115

Musings on Markets

OCTOBER 28, 2024

Over its lifetime, Google Ventures has picked some big winners, including iUber, Airbnb and Slack, all of which are now public companies with substantial market capitalization. In contrast, just one fossil fuel company, Exxon Mobil alone had a market capitalization of $532 billion, and revenues of $479 billion.

Start-ups 68

Start-ups Alpha Equity Marketability 68