"The solid sales growth in the first quarter reflects the loyalty of our clients worldwide"
- Axel Dumas, Executive Chairman of Hermès $RMS Q1 2024 revenue growth by business line: Source: Quartr
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss Tangen finds US investments more attractive due to weaker regulations and more risk-taking >>>
Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway’s giant oil fund, with the gap between the two continents only getting wider. Nicolai Tangen, chief executive of the $1.6tn fund, told the Financial Times it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast outperformance of US shares in the past decade. His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity. Its US holdings have increased in the past decade while its European ones have declined. US shares account for almost half of all its equities compared with 32 per cent in 2013. The leading European country — the UK — represented 15 per cent of its equity portfolio a decade ago but just 6 per cent last year. Source: FT
Thought of the day.
Source: Asif Majid
Life is too short to spend a third of it doing something that makes you unhappy.
Find joy in what you do, and work won’t feel like work anymore. Source: Corporate Rebels
Amazing, isn’t it? No wonder Ferrari stock has been going parabolic since IPO
Source: Michel A.Arouet
"I’d be a bum on the street with a tin cup if the markets were always efficient.” - Warren Buffett
Source: MastersInvest.com
THIS IS VERY FASCINATING:
BOEING AND AIRBUS EACH HAVE AROUND A 50% MARKET SHARE BUT BOEING PLANES HAVE ALMOST 4 TIMES MORE “INCIDENT’S” THAN AIRBUS PLANES Source: Gurgavin, Visual Capitalist
An electric vehicle car crash?
As shown below, Battery-electric new car registrations (March 2024, yoy) are crashing in most European countries. Source: Michael A.Arouet
