Nasdaq declining. We have entered the heart of earnings season. These moment where is the reports are fast and furious with the headlights blaring and free markets all over the place are among the most challenging times for all investors. What makes dealing with this cacophony of earnings so tough . Its subjective. I view the companies as being similar to the way teachers grade tests. We do have the occasional true or false quiz, sometimes multiple choice and the essay. The subjective essay that needs to be read beginning to end. You want to figure out how well the company did. While you often hear that such and such a Company Reported a good quarter i reserve judgment based on the kind of test being administered. Sometimes the answer is obvious. Johnson johnson delivered a monster quarter with a terrific top and bottom line beat. As stellar sales of all the new drugs stole the show. It was unassailable. Therefore, j js quarter was a true or false test. Im checking true to the line tha
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Growth Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here.
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