Bernard Arnault lost his spot as the world’s 2nd-richest person as a selloff in luxury stocks pushed his net worth below that of Amazon's Jeff Bezos
Arnault is now worth $155.1bn, just below Bezos’s $156.3bn, acc to Bloomberg. Within 3mths, Arnault has become $58bn poorer. Source: HolgerZ, Bloomberg
Balance Sheet Explained Simply
Source: Brian Feroldi
BREAKING: Rite Aid, $RAD, has officially filed for bankruptcy just days after its 61st anniversary
As part of the bankruptcy restructuring, Rite Aid will close many of its 2,100 stores. The company has had more than $2 billion in losses over the last 5 years and 50% of their stores have closed from their peak. Their stock is down 80% this year and 99% from its all time high. Source: The Kobeissi Letter
The 10 Biggest Swiss Watch Brands 🏆by revenues
Source: Morgan Stanley
Where we are on the Buffett indicator
(The ratio of the total United States stock market value to GDP) Source: Brian Feroldi
Good news :)
If you exclude everything you need from the basket, the war against inflation is won...
The bull market in bankruptcies...
Source: TME, TS Lombard
Survival of the fittest..
Only 31% of companies started in 1998 were still alive in 2005... Source: Brian Feroldi
