Goldman Variations

Fly Charts: Filling in the Blankfein, Setting Up Apple and Aston Martin

From Tesla stans to zombie Nokia, here are four charts that tell you what you need to know in business today.
Photographer: Joe Raedle

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Tesla stans to zombie Nokia, here are four charts that tell you what you need to know in business today.

Not Too Shabby

Lloyd Blankfein can be proud of his tenure in charge of Goldman Sachs. But he may not have done enough to adjust the firm to the post-crisis world.

Source: Bloomberg

 

So?

What would it take to freak out Tesla bondholders at this point?

Source: Bloomberg

 

Racing to Catch Up

Apple is falling behind in the race to develop autonomous cars. Buying Aston-Martin would be a smart and relatively cheap way to get back in the game.

Source: California Department of Motor Vehicles disengagement reports 2017

Note: data only refers to miles driven in California

 

Continental Drift

Reviving Nokia is turning out to be extremely expensive for FIH Mobile.

Source: FIH Mobile

And don't miss Nir Kaissar on Vanguard as stockpicker savior: "Smart beta ETFs are cheaper, and investors are skeptical that human stock pickers can beat the bots by more than the difference in fees. According to Morningstar data, the average expense ratio for smart beta ETFs is 0.47 percent a year, and the asset-weighted average expense ratio -- which accounts for the size of the ETFs -- is just 0.26 percent. That compares with 1.13 percent and 0.7 percent, respectively, for actively managed mutual funds.

"Vanguard, however, is changing the calculation. It recently rolled out actively managed ETFs with fees that are comparable to those of smart beta funds. Vanguard’s U.S. Value Factor ETF, for example, charges 0.13 percent a year, compared with 0.06 percent for Vanguard’s smart beta Value ETF. That’s a big deal because the stock pickers behind the U.S. Value Factor ETF don’t have to overcome a daunting fee hurdle to compete." 

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE