Shawn Kravetz | Source | Esplanade Capital LLC
Shawn Kravetz
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I am Chief Investment Officer of Esplanade Capital LLC, an investment management company I founded in 1999. We invest at the intersection of decarbonization and electrification.
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Understanding the Big Mac Index: A Global Currency Valuation Tool
Shawn explains that the Big Mac Index, created by The Economist, uses the global price of a Big Mac to explain currency valuations. It "democratizes the more theoretical purchasing power index," offering insights into cost of living and currency value. While not perfect due to regional price variations, it remains a popular tool for understanding economic disparities.