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- Topley’s Top Ten – January 2, 2020
Topley’s Top Ten – January 2, 2020
Matt Topley
January 02, 2020
1.334 Out of 500 S&P Companies Shrank Shares Thru Buybacks This Year.
Yet unprecedentedly low interest rates have allowed the privateand public sectors to borrow cheaply and seemingly without cares. U.S.corporations have been able to issue bonds to repurchase shares, arbitragingthe cheaper cost of debt versus equity capital, as Nicholas Colas, co-founderof DataTrek Research, points out in a research note. Some 334 of the S&P500 companies shrank their shares outstanding in the past year, with 115 ofthem cutting their share count by at least 4%. The U.S. government,meanwhile, runs a trillion-dollar annual budget deficit with the economy atfull employment, and the markets barely notice.
Count on This: Next Year’s FinancialMarkets Won’t Be So Nice-Randall W. Forsyth
PKW Buyback ETF +31% vs. S&P 28% 1 Year
2.MSFT and AAPL Huge Contribution to S&P In Last 10 Years.
3.Emerging Markets Bond ETF vs. IEF 7-10 Year Treasury.
Emerging Markets Bond ETF returned almost double treasury for 5 years.
4.Value of Global Bonds Spikes
Holger Zschaepitz
5.Deal Logic Global M&A Over $3 Trillion Each Year Since 2014.
PWC -2020 Deal Outlook.
6.Buffett’s Worst Year in a Decade.
Fernando Rodriguez Linkedin
7.Energy’s Worst Decade Ever—
Josh Brown’s Most Disruptive Trend of Decade-Energy vs. S&P 10 Year Price Growth
8.Bloomberg Economics Probability of Recession.
Bloomberg Economics created a model to determineAmerica’s recession odds. The latest update, which looks at October data,estimates the chance of a U.S. recession within the next year at 29%, after anupwardly revised 27% in the prior month. That reading is lower than highsreached earlier this year and will likely move lower given initial positivereadings across November data.
U.S. Recession Odds Steady as Stocks Reach Fresh Record
By Reade Pickert, Yue Qiu andAlexander McIntyre
9.Stocks with Big Short Positions to Start 2020.
Schaeffer Research
Found at ….From Dave Lutz at Jones Trading
10.Why Failure Leads To Career Success
The road to career success is paved with failures. People in our society tend to view failure in a negative light. The most obvious example is in schools where students are discouraged from getting failing grades. In the real world, on the other hand, failure can be a good thing. Think about Thomas Edison. In response to a question about his missteps, Edison once said, “I have not failed 10,000 times—I’ve successfully found 10,000 ways that will not work.” What would have happened if he had given up after the 9,999th attempt? Now a new study reveals that failing early in your career can make you more successful in the future.
The study conductedby Northwestern University’s Kellogg School of Management analyzed data fromscientists who had applied for grants early in their careers. They categorizedthem based on those who received funding for research (the “success group”) andthose who didn’t (the “failure group”). Then, they tracked how many papersthose scientists published over the next decade and how many times theirstudies were cited in other articles to gauge their success. Those in thefailure group were 6.1% more likely to publish a high-impactpaper than those in the success group. The next question is, how can failurelead to career success?
Failure keeps your ego in check
Research shows that the best leaders are humble leaders.Failure fosters humility, which is not only necessary for leadership butself-improvement. Intellectual humility means recognizing that we don’t knoweverything. It allows us to acknowledge our limitations, seek answers andaccept new ideas.
Failure inspires positive change
You can look at a layoff as a negativeevent or as an opportunity to go in a new direction. I can talk until I’m bluein the face about people who weren’t enjoying their jobs or learning anythingnew, who went on to more fulfilling careers after a layoff, buyout orrestructuring. They were forced out of their comfort zone so they could followtheir passion and make a bigger contribution to society. Sometimes all we needto find career success is a little push.
Failure gives you a new perspective
It was Ellen DeGeneres who said,“It’s failure that gives you the proper perspective on success.”Every success comes with hundreds (perhaps thousands) of rejections, blundersand defeats—all of which are just as important as the accomplishment itself. Nosuccess story happens overnight. What we tend to see are mostly the wins, notthe losses. To prove this point, Johannes Haushofer, Professor of Psychologyand Public Affairs at Princeton University, published a CV of his career failures to give perspectiveto students who were feeling discouraged. It includes degree programs he didn’tget into, research funding he didn’t receive and paper rejections from academicjournals. What did he list as his meta-failure? He writes, “This darn CVof Failures has received way more attention than my entire body of academicwork.”
Year In Review: Top PodcastsFor 2019
Overcoming failure teaches resilience
It’s not merely the act of failing thatleads to career success. It’s failing and then getting back up and tryingagain. Coming back from failure teaches resilience, and resilience is the onequality all successful people have in common.
Failure teaches you what you want (anddon’t want)
There’s strong evidence that shows weactually learn more from our failures than our successes. While some people mayknow their passion from a young age, most people don’t. That’s why there is nosubstitute for test driving careers. If one job isn’t the right fit, you canmove on to the next. By looking at each failure as a lesson, you’re ahead ofthe game.
Franklin D. Roosevelt once said, “asmooth sea never made a skilled sailor.” I couldn’t agree more. In theend, it’s not the failure that defines us but the determination to keep movingforward despite it.
I’m a business and life coach whohelps people find fulfillment through career transition and entrepreneurship.As the founder of Corporate Escape Artist, I made the le
Found at Joe Duran Linkedin
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