Economic Insights
Investor Memo Q1 2021
Is it still the year of not good enough?We concluded our year-end 2020 investor memo by saying that 2021 will…
The Dark Side of a Rising Stock Market
Think of a company’s stock market capitalization as the present value of investor expected future cash flows. There are two…
Big Market Delusion – Electric Vehicles
By Bradford Cornell, Rob Arnott, Lillian Wu If a capitalist had been present at Kitty Hawk back in the early…
Big Returns!
Many of today’s investors, particularly the young aggressive Robinhood types, want big returns, and that is something more than the…
Value Investing: Requiem, Rebirth or Reincarnation?
BRADFORD CORNELLANDERSON GRADUATE SCHOOL OF MANAGEMENTASWATH DAMODARANSTERN SCHOOL OF BUSINESSAbstractFor much of the last century, value investors considered themselves to…
Interest Rates, Inflation, and Stock Prices
Given the intense interest in the relation between stock prices, interest rates, and inflation, it is worthwhile to review basic…
What is up with Bitcoin? The Data
With all the talk about Bitcoin, at Cornell Capital Group we thought it is time to delve into the data…
Investor Memo Q4 2020
Expectations and Investment Returns To provide perspective on investing in 2021, at Cornell Capital Group we start with a fundamental…
Quantum Computing and Investing
At a conference on quantum computing and finance on December 10, 2020, William Zeng, head of quantum research at Goldman…
Popping Bubbles
Based on the dot.com experience, popping bubbles are often associated with the complete collapse of companies like eToys, Pets.com or…
The CCG Disruption Index
At Cornell Capital Group we think that simple stock price indexes can provide insight into how the market has moved…
Another Covid Victim: Short-termism
In a famous editorial published in the Wall Street Journal, Warren Buffett and Jamie Dimon, the chairmen of Berkshire Hathaway…