It’s not often that celebrity home-buying sprees give me insights into the stock market. However, when I read last Friday about Ellen DeGeneres’ purchase of a $49 million house in Montecito, California, I realized that this behavior helped me understand the current exuberant state of the stock market. Read the full article on CNBC.com
Kari was mentioned in this recent CNBC Pro article The utilities sector isn’t exactly known for exciting investors. These companies aren’t going to see their shares shoot up in a heartbeat, like some names in the high-flying technology sector. Nor are they household names that consumers know and love. Read the full article on CNBC.com
Premiums and discounts are fascinating for investors. Nine months ago, you couldn’t give away a huge house in most suburban neighborhoods outside major U.S. cities. Now, those same houses sell at a huge premium to their 2019 prices, and penthouses on the 60th floor in Midtown Manhattan have slipped to a steep discount from their…
What seemed like a few decades ago, I mean in February, people used to occasionally ask “How’s business?” Despite usually responding, “Fine, thanks,” I would often think of the inquiry as two-part. One, and probably most important, was about our investment performance, but the other concerned our operations, particularly new business. Read the full article…
Recently, Kari spoke at SALT Talks, an ongoing series of digital interviews with the world’s foremost investors, creators and thinkers. Watch the full video on YouTube here
This year’s winners may not be leading the market next year. Of the 50 top S&P 500 performers in 2018, only three were on the same list for 2017, and only four have remained on the 2019 top winners’ list. Read my full article on CNBC.com
Vanguard, the non-profit financial giant that single-handedly revolutionized the investment management world, reportedly wants to join the private equity party train. Is this another market that it intends to overhaul by passively managing and micro-pricing index fund offerings to the masses, or is Vanguard worried about missing a possibly overheated market that its clients find sexier than…
Equinox is branching out of its expertise, opening its first branded hotel and investing in a real estate project that will include co-workspace and apartments, all in Manhattan’s newest and hippest location, Hudson Yards. Industrious, a venture-backed WeWork-like developer, with an enviable name, will be its partner. I am as amazed by the ambition and…
As the Massachusetts gaming commission began hearings last week to decide if the Wynn Co will retain its license to operate the first major urban casino on the East Coast, I walk through many sectors that have dramatically changed since I began my investment career. Read the full article on CNBC.com