Stephen Clapham

Aug 15, 2024 | newsletter.rationalwalk.com | John Huber |Stephen Clapham |Dan Shuart |Chris Arnade

“The world is going to disappoint you. You’re probably going to fail more than you succeed — in anything. That’s just the way it works. Life is iteration. It is, by and large, trial and error. No one has ever lived your life before.”— Adam WrightWhen ordinary Americans heard the Federal Reserve refer to the post-pandemic spike in prices as “transitory,” there is no doubt that this was interpreted to mean that prices would return to “normal” levels at some point.

Oct 28, 2023 | chartstorm.info | Callum Thomas |Stephen Clapham

Welcome to the latest Weekly S&P500 #ChartStorm!Learnings and conclusions from this week’s charts:The S&P 500 has broken down through multiple key levels, with breadth also breaking down (indicating broad-based weakness). Most of the market has left the earnings reporting buyback blackout window now: offering some hope as a potential source of buying for a seasonal year-end rebound.

Jun 6, 2023 | investorschronicle.co.uk | Stephen Clapham

Bill Ackman is pretty smart – he made a return of more than 100 per cent on his $2bn (£1.6bn) investment in industrial gas supplier Air Products (US:APD), and largely credited his appointee, Air Products chief executive Seifi Ghasemi. At the time of that investment, I was helping a couple of investors assess their holding in his Pershing Square funds, which included meeting Bill a couple of times and interviewing some of his analysts.

Jun 6, 2023 | on.ft.com | Stephen Clapham

Bill Ackman is pretty smart – he made a return of more than 100 per cent on his $2bn (£1.6bn) investment in industrial gas supplier Air...