Asynchronous correlations can only be seen via a longterm view; data gets more precise overtime but sacrifices short term accuracy from less data points. The inter day price fluctuations in markets do not reflect long term correlations. Most returns are calculated and compounded weekly/quarterly, so it's best to backtest against long term extant data than sets from the brevity of a few prior days, though it can be argued via a time series that previous events have serial corr

This is a continuously updated database of venture resources to help emerging companies grow. We thank everyone who has shared their insights, and aided us through our own journey learning from leading entrepreneurs in Silicon Valley. You can access it here .

Welcome to Knockout Capital. My nascent passion for finance began in university when I saw how a few scrappy kids in my statistics class banded together to create their own fund out of 30k and fund their college education. I was baffled by such unrelentless passion, as they discussed markets incessantly before class, audaciously taking chances with their own capital to pursue their dreams. Finance is a field of trust, and the only way to establish trust is to have skin in the

The Two Sigma Lens is a framework for making investment decisions based on a parsimonious set of factors to gauge actionable insights.

China's market will be largely driven by continued market reforms, prominence of policy-driven thematic opportunities, diversification benefits, and tailwinds from institutional participation. Alibaba Given COVID impact and the soft macro climate, China's e-commerce might remain weak. VAT impact in Europe, geopolitics, and FX fluctuations could pressure International Commerce. However, we expect the new businesses loss to improve via cost discipline and efficiency gain. We se

End of Cheap Money and a Long Bull Market Interest rates are skyrocketing up to 5% due to rising inflation. Borrowing costs have been falling for decades and Covid-19 has 'glued them to the floor' (The Economist). Capital Evaporating Due to quantitative easing (QE) central banks went overdrive during the pandemic, using it to invest in safe assets such as governmental bonds which depressed yields. Investors turned to alternative assets and junk bonds soared. QE has stopped du

The Economist 2021 Sustainability Conference on how firms can shift investment strategies and shape future markets.

Most Notable: regeneron v mylan: regeneron does not seek injunctive relief but new patents filed moderna v alnylam: rejection of moderna's defense on no liability for monetary damages; patent owner needs to sue jnj v amgen: amgen producing biosimilar before patent expired

With the top being Pfizer, Merck, Bristol-Myers Squib, JnJ.

We're starting out newsletter again! Here's are March Issue.

Knockout Capital places high emphasis on equity research, as we consume much of it via conferences and sell-side on a quotidian basis as a group. Our approach is factor-based with a lens of macroeconomic views, on value and small cap companies. Combining it with our fundamental approach has led us to much of our success in ameliorating losses. This approach is similar to Morgan Stanley's quantitative factor-based approach which drives 65% of investments, and the other 35% of

Credit Suisse ESG Conference Key Points

While there may be unprecedented fear due to COVID-19 that brick and mortar shops will become obsolete post-pandemic, the rise of e-commerce sales by traditional retails that supercede that of online stores demonstrates brand loyalty and the value of a consumer location. Part of it is tied to the shopping experience and conveyed luxury: sometimes the wrapping on the Chanels and Louboutins isn't enough— there's something special about spending a leisure weekend trying on diff

If you haven't already, grab a copy of our report this quarter on Inflation on Consumer Spending. We plan on publishing mid-quarter reports on economic and investment themes, culminated from leading hedge funds and portfolio managers at top investment banks.

We've decided to found a community of our own portfolio managers to discuss real-time news, current happenings private markets, and more on