On the morning of Sept. 3, the market began to fall, led on the descent by the same technology stocks that had captained the gravity-defying charge upward since late March. Despite being bullish for months, my partners and I appraised the August surge more as a feeding frenzy than the thoughtful recalibration of improving valuations.
What seemed like a few decades ago, I mean in February, people used to occasionally ask “How’s business?” Despite usually responding, “Fine, thanks,” I would often think of the inquiry as two-part. One, and probably most important, was about our investment performance, but the other concerned our operations, particularly new business.
Recently, Kari spoke at SALT Talks, an ongoing series of digital interviews with the world’s foremost investors, creators and thinkers.
A top fear of CEOs is a resurgence of the Covid-19 virus, according to survey results. Businesses with over one thousand employees are more likely to downsize their office space than those with fifty or less workers, indicating an increased reliance on remote employees.
Snapping the economy out of shutdown mode could be harder than expected.
In a time of Covid-shaming, it’s difficult to publicly embrace a rising market that ignores increasing deaths, unfathomable unemployment, massive business failures, a possible 40% to 50% drop in economic activity this quarter and huge federal deficits.
Kari thinks that acts of charity, compassion, and creative generosity may resonate with investors increasingly drawn to socially responsible investing when the pandemic comes to an end.
Karen Firestone offers her thoughts on the bailout being offered to the travel and leisure industry. In comparing the bailout to the Great Recession in 2008/2009, she thinks this one should come with strings attached.
Karen Firestone offers her market thoughts in light of its historic drop from the peak.
Kari was quoted in an article for Penta about gender diversity on corporate boards, originally published on 2/18/20.
In January, Goldman Sachs made headlines when it became the first Wall Street investment bank to draw a line on board diversity, with CEO David Solomon declaring that his firm wouldn’t take companies public in the U.S. or Europe unless they have at least one diverse board member, with a particular emphasis on gender diversity.
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