Graphene Investments
Given the trends that had been lasting for years, it had to happen sooner or later: the S&P 500 index now includes three companies with weights above (or very close to) 7%, and its top eight constituents together represent 35% of total. This is possibly the biggest threat on active management. The evolution of the…
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As long time holders in Eli Lilly, we strongly benefited from the hype surrounding “GLP-1 agonist” drugs … but we can’t help thinking that there could be cheaper solutions to fight obesity. According to the Center for Disease Control and Prevention, more than four in ten adults are considered obese, up from three in ten…
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Nvidia’s CEO Jensen Huang recently said that, with AI, everyone could now be a programmer. Does that mean that children will no longer have to learn a programming language in the future? This is yet another topic on which we don’t feel obliged to agree with the mainstream, trendy view heard in the media. Some…
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We often complain that things are evolving too slowly in Japan but, for once, we have to admit that an outdated regulation probably helped. Overseas media praised JAL’s crew for pulling all 367 passengers safely off a burning jet after a collision with a Coast Guard plane at Tokyo’s Haneda Airport in early January. Soon…
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Every year, I am amazed by the way the Black Friday concept has been transposed to France, with retailers obviously missing part of the story. No big deal for me, since we specialize in US and Japanese equities, but yet, I welcome any views that might help me understand French retailers’ approach… On Friday, November…
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Some carmakers temporarily suspended production, others dropped their planned investments in new capacity, or announced list price cuts. Inventories are piling up, to such an extent that recent press article read something like “EVs were supposed to be the solution, but they are now turning out to be the problem”. Was all this just another…
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Japan has been lagging significantly on women’s empowerment compared to other countries. While this may need to evolve, we are skeptical about certain drastic positions on this topic, which we feel are not more suitable there than anywhere else. Japan plans to set a new requirement for companies to be listed on the TSE’s Prime…
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For decades, Japan has been a key supplier of sensors, robots and other automation solutions, which corporations throughout the world use to increase their productivity. Yet, a recent article in the Yomiuri Shimbun, one of the country’s five major newspapers, stressed that Japan’s labor productivity ranked 27th among the 38 OECD countries in 2021. The…
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The mid-year version of the SPIVA report, which regularly analyses how active managers compare to the S&P 500 index, was released in September. As usual, it tells us that most of us, US equity managers, are useless. At Graphene Investments, transparency is one of our core values, so we wanted our clients to know. What…
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I spent a few hours this week reading a wonderful, mind-boggling piece of literature called “Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021 amending the regulatory technical standards laid down in Commission Delegated Regulation (EU) 2017/653”. Given that the asset management industry has less than four months left to adjust to the new KID…
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This website is for information purposes only, and is not meant to be used for transactions. Information is provided only as an indication, and does not have any binding character. It contains descriptions of Graphene Investments’ philosophy and portfolio management methods. It is designed for investors whose knowledge and experience are sufficient to fully understand that information, and particularly the risks involved in the various strategies.
For this reason, you should not continue your navigation on this website if you are not a professional investor, as defined by applicable regulations, and particularly the French “Code Monétaire et Financier” and the MIF Directive. If necessary, please get confirmation of your status from an advisor of your choice. Please also note that some of Graphene Investments’ products and services may not be available to all types of investors in all countries, and that applicable taxes depend on each investor’s specific situation.
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