Direct investing in emerging market equities is

Direct investing in emerging market equities is recovering as dollar weakness aids capital inflows. MSCI EM index rose 3.5% this week, driven by tech and commodity-linked names. "We want to invest $100 billion and finally unleash the American oil and natural gas that we have in Alaska," Lutnick said in a September television interview. Private ownership best solves the principal-agent problem, but generally lacks scalable, replicable infrastructure. Venture capital correctly focuses on replicable playbooks to maximize revenue acceleration but has historically lost the discipline to drive profits at scale. Private equity has profit discipline but loses the plot in financial engineering and fee maximization. The best public corporations maximize the advantage of massive scale and access to the world’s most liquid financial markets, but having managers that aren’t owners, means that long-range outcomes are seldom maximized. Direct investing in U.S. equities saw heightened activity this week as the S&P 500 hovered near 5,340, with tech giants leading momentum. Analysts note strong earnings from semiconductor firms, suggesting potential upside in Q3, while bond yields remain stable around 4.25%.