Static vs. momentum-based ESG rating Glaciers meltdown, frequent forest fires, Venice under water – more and more cases point to the alarming problem of global warming. Further attention to the climate change has been attracted also by Greta Thunberg giving emotional speech during UN summit. Growing awareness about the environmental issues is likely to help […]

Something old, something new For the last few centuries economists developed plenty of concepts for assessing quality of business models, mostly based on numbers you could typically find in quarterly filings, company presentations and annual reports. But as Gordon Gekko put it in ‘Wall Street’ movie – “information is the most valuable commodity” in this

Diversification = ‘free lunch’? Thomas Cook collapsed this September, being responsible for huge losses incurred by small and large investors. How would one feel having this company in a poorly diversified portfolio? Of course, it was not the story of one day and the problems were mounting for a prolonged time, giving investors a chance

Investments in R&D and marketing to keep and extend economic moat Investors, analysts, competitive landscape – they all require the companies to spend more and more on R&D, to launch new products and new services. And yes, the companies do that, but the results might be frustrating, at least in the shortterm. Take Baidu, once