The Big Picture

MAY 20, 2025

How did that background help when it comes to modeling portfolios or applying those methods of statistical analysis to investing? First of all, my, some of my co-portfolio managers will bristle if you refer to us as a factor based firm. That sort of data analytics wasn’t really well understood back then. It’s our size.

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The Big Picture

SEPTEMBER 25, 2024

. ~~~ About Jeremy Schwartz: Jeremy Schwartz is Global Chief Investment Officer of WisdomTree, leading the firm’s investment strategy team in the construction of equity Indexes, quantitative active strategies, and multi-asset Model Portfolios. But when you buy a broad market portfolio, You’re getting that diversification.

Investing 173

Investing Portfolio Investments Assets 173

Truemind Capital

JULY 5, 2024

A client said – I understand market valuations are expensive but it doesn’t seem that it will correct much. The fundamental driver of market peaks and exorbitant valuations is the perception that there is nothing to worry about – there is no investment risk. There is nothing to worry about.

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Asset Allocation Marketing Marketing Valuation 65

Mr. Money Mustache

FEBRUARY 25, 2025

S&P returns (including dividends) since 2019, graph by the excellent portfolio visualizer website. For example, if the house brings in $2000 per month ($24,000 each year) and the sale price is $240,000, the next investor is buying a business with a price-to-earnings ratio of 10, because 240k/24k=10.

Marketing 66

Marketing Marketing Sales Portfolio 66

The Big Picture

AUGUST 16, 2022

We do discretionary macro trading, which is typically a portfolio manager — and we have some number of portfolio managers, 15 or 18 different portfolio managers that independently manage a book of, you know, risk assets. And last market question, so we’ve seen equity valuations come down. RITHOLTZ: Wow.

Management 305

Management Assets Risk Management Marketing 305

Validea

AUGUST 5, 2022

The Russell 2000 has declined 32% from its November 2021 high through June 2022—worse than the S&P 500’s 24% drop. And the Russell 2000 is now up 14.3% That’s led some strategists to advise investors to overweight their portfolios with small-caps, the article reports.

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Valuation Manufacturing Economics Sales 59

The Big Picture

SEPTEMBER 3, 2024

All of their portfolio managers not only are substantial investors in each of their funds, but they do a disclosure year that shows each manager by name and how much money they have invested in their own fund. So we really think that it creates alignment to have our portfolio managers meaningfully owning shares of the funds that they manage.

Investing 147

Investing Investments Valuation Management 147

Nationwide Financial

JUNE 14, 2023

Clients participating in this year’s tech-stock rally could benefit from a portfolio review and diversification check, as this appreciation may have thrown many allocations off balance. Investors may find opportunities at more reasonable valuations when comparing different asset classes across the market.

Valuation 52

Valuation Portfolio Assets Clients 52

The Big Picture

FEBRUARY 6, 2024

If you’re at all interested in focused portfolios, the concept of quality as a sub-sector under value and just how you build a portfolio and a track record, that’s tough to beat. Dick Mayo was a traditional, I’d say portfolio, strong portfolio manager focused on US stocks. In 2000, right.

Valuation 130

Valuation Investing Investments Assets 130

Validea

JUNE 27, 2023

In an interview with Bloomberg, Villalon said that the models used by AQR indicate that equities in emerging markets have the cheapest relative valuations since the year 2000, and will beat U.S. AQR takes “a valuations-based perspective,” Villalon says, so while the firm can’t predict “if the U.S. equities for the next 10 years.

Marketing 52

Marketing Marketing Valuation Portfolio 52

Brown Advisory

NOVEMBER 29, 2016

The budget gap for nonprofits has widened because of a slump in their three sources of funds—donations, grants and portfolio returns. Yet the hardest funding challenge for many nonprofits is achieving sufficient portfolio returns. Consider changes to portfolio construction. Charitable giving to foundations in 2015 shrank 3.8%

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Nonprofit Asset Allocation Portfolio Budgeting 52

Brown Advisory

JUNE 16, 2021

returns over the past 12 months—the second best in the history of the Russell 2000 ® Index—and on the heels of one of the worst quarters since inception in 1984 (-30.6% The strong price appreciation has resulted in a commensurate rise in valuations and a tsunami of new deal issuance in these areas. GICS Sectors. The Smallest Lead.

Valuation 52

Valuation Investing Investments Government 52

Brown Advisory

JUNE 16, 2021

returns over the past 12 months—the second best in the history of the Russell 2000 ® Index—and on the heels of one of the worst quarters since inception in 1984 (-30.6% The strong price appreciation has resulted in a commensurate rise in valuations and a tsunami of new deal issuance in these areas. Small Caps: The Big Picture.

Valuation 52

Valuation Investing Investments Government 52

Walkner Condon Financial Advisors

FEBRUARY 24, 2022

The index’s loss of 6.24% in 2018 was paltry compared to its 38% loss in 2008 and three consecutive double-digit down years of 2000-2002. This helps to illustrate the fact that market corrections are common over most periods of time and should be viewed as the market resetting stock valuations back to a more fundamental level.

Marketing 52

Marketing Marketing Valuation Risk Tolerance 52

Brown Advisory

MARCH 1, 2016

Less than two years later, Palo Alto Networks purchased the company for $200 million—a more than 25-fold surge in valuation. In November 2015, Square, a San Francisco-based creator of mobile payment technology, went public at $9 per share and immediately rocketed 45% to a valuation of more than $4 billion. Not necessarily.

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Valuation Clients Communication Investing 52

The Big Picture

OCTOBER 31, 2023

I had an amazing 99 in early 2000, and I had left a hedge fund, so I was probably one of the few people to leave a hedge fund and go to a larger institution in the middle of the tech bubble. The best example I always love to give is that Amazon’s last private round was at a $60 million post money valuation. It was April of 99.

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Management Investing Investments Portfolio 162

The Irrelevant Investor

OCTOBER 28, 2016

This range is determined by a number of factors, including but not limited to the business cycle, valuations, interest rates, inflation, and the collective mood of millions of investors. Yesterday, Research Affiliates put out a piece saying the chance of a 60/40 portfolio returning 5% a year for the next ten years is zero.

Valuation 52

Valuation Investing Numbers Investments 52

Brown Advisory

APRIL 1, 2015

In Engines That Move Markets, a 2002 book about the cycles of technology investing, Alasdair Nairn defines “bubbles” as periods when investors appear to suspend rational valuation, much as they had during the dotcom craze shortly before the book was published. Unsurprisingly, as volume has increased, so have valuations. Possible Signs.

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Investments Investing Valuation Assets 52

The Big Picture

NOVEMBER 21, 2023

1999, 2000, the internet was blowing up. And I said, Paul, I don’t know anything about managing a public portfolio, but the deal we made with each other. The SNL crisis Tiger Chase had started, you know, in the wake of the internet melding down in 2000. I I was speaking at the Javits Center, 2000 people in the audience.

Investing 246

Investing Investments Startup Accounting 246

Aleph

APRIL 4, 2022

Though not “working” she was making more off the family portfolio than my Dad was earning off his business. As I said there: This brings me to my conclusion: stock splits are a momentum effect, but it is larger when companies are still have a cheap valuation. I had a CTA in my portfolio. My Mom later paid me back for that.)

Valuation 52

Valuation Portfolio Commission Investing 52

Brown Advisory

AUGUST 1, 2018

Market conditions may indeed be changing, and in ways that warrant a reassessment of portfolio positioning. Even as the “E” (earnings) component of the P/E ratio has increased in 2018 thanks to the strong economy and tax cuts, the “P” (price) component has moved up more, and valuations have risen perceptibly.

Management 52

Management Investments Investing Valuation 52

Brown Advisory

AUGUST 1, 2018

Market conditions may indeed be changing, and in ways that warrant a reassessment of portfolio positioning. Even as the “E” (earnings) component of the P/E ratio has increased in 2018 thanks to the strong economy and tax cuts, the “P” (price) component has moved up more, and valuations have risen perceptibly.

Management 52

Management Investments Investing Valuation 52

Brown Advisory

JUNE 21, 2017

Instead, they’ve turned to indexing their portfolios to the S&P 500 ® Index or some other relevant benchmark, thereby accepting “average” performance rather than trying for something better. Portfolios with greater active share could be said to reflect more independent thinking on the part of the managers.

Investments 52

Investments Investing Portfolio Management 52

Brown Advisory

JUNE 21, 2017

Instead, they’ve turned to indexing their portfolios to the S&P 500 ® Index or some other relevant benchmark, thereby accepting “average” performance rather than trying for something better. Portfolios with greater active share could be said to reflect more independent thinking on the part of the managers. Manager Characteristics.

Investments 52

Investments Investing Portfolio Management 52

Brown Advisory

NOVEMBER 22, 2021

It examines how transitory inflation may actually be, and how we have been positioning portfolios. The discussion dissects technology sector valuations, what rising rates could mean for markets and the most important investment trends in the decade ahead. Mon, 11/22/2021 - 11:44. Learn more >.

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Clients Taxes Investing Investments 52

Trade Brains

OCTOBER 17, 2023

Amid all the noise surrounding geopolitical issues, global valuations, and FII selloff, the Nifty bulls might be feeling a bit clueless about their next moves. Here, we’ve got some pretty interesting data that shows the average per-month returns from 2000 to 2022, covering the last 23 years. Source: niftyindices.com and PrimeInvestor.in

Investments 59

Investments Investing Numbers Valuation 59

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector. BARATTA: Yeah. In the long run. You saw it in the financial services sector.

Assets 162

Assets Investing Investments Valuation 162

Carson Wealth

JANUARY 22, 2024

While new highs were set before bear markets in 1987, 2000, 2007, and 2020 in recent memory, the market has also made spectacular gains following new highs. A diversified portfolio does not assure a profit or protect against loss in a declining market. They are perfectly normal. In general, these records have not been warning signs.

Marketing 97

Marketing Marketing Economy Portfolio 97

Validea

AUGUST 20, 2024

Defining Free Cash Flow Yield Free cash flow yield is a valuation metric that compares a company’s free cash flow per share to its market price per share. A higher FCF yield generally indicates that a company is generating more cash relative to its valuation, potentially making it a more attractive investment.

Electronics 52

Electronics Valuation Banking Transportation 52

Brown Advisory

JUNE 24, 2019

As we discuss in this article, we believe that credit naturally plays a complementary role with equities in portfolios, and that this pairing can be particularly fruitful during cyclical downturns. In some situations, we may be looking to bolster portfolio stability to counteract potential macro or sector-specific headwinds.

Investments 52

Investments Investing Valuation Portfolio 52

Brown Advisory

JUNE 24, 2019

As we discuss in this article, we believe that credit naturally plays a complementary role with equities in portfolios, and that this pairing can be particularly fruitful during cyclical downturns. Over the past several decades we have seen three major periods marked by market downturns and default cycles—1989-90, 2000-02, and 2007-08.

Investments 52

Investments Investing Valuation Portfolio 52

The Big Picture

FEBRUARY 12, 2024

He has put together an amazing track record at Greenlight in the middle 2000 and tens. Then we stayed open until about 2000. And then in 2000, I don’t know, we were maybe around six or 700 million at that point. I’m the portfolio manager and I’m actually the only portfolio manager.

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Management Investing Investments Economy 294

The Irrelevant Investor

JUNE 23, 2017

This visual tells a lot of stories, but for the purposes of this exercise, I want to focus on the two previous valuation spikes in red, which were followed by two stock market crashes in gray. If 2000 was fool me once and 2008 was fool me twice, what would 2019 be? The chart below shows the CAPE ratio and the S&P 500 (log).

Retirement Planning 52

Retirement Planning Valuation Marketing Marketing 52

Brown Advisory

JULY 19, 2017

Valuations of the U.S. It is rarely wise to make impulsive or reactionary investment decisions; we believe that every action in a portfolio should fit into a disciplined program with clear long-term objectives in mind. Today, we hear the word “unprecedented” far too often, referencing everything from stock valuations, to the U.S.

Investments 52

Investments Investing Portfolio Clients 52

Brown Advisory

JULY 19, 2017

Valuations of the U.S. It is rarely wise to make impulsive or reactionary investment decisions; we believe that every action in a portfolio should fit into a disciplined program with clear long-term objectives in mind. Today, we hear the word “unprecedented” far too often, referencing everything from stock valuations, to the U.S.

Investments 52

Investments Investing Portfolio Clients 52

Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. to a grantor trust) similarly remain attractive because of low interest rates and potentially low valuations.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52

Brown Advisory

APRIL 1, 2020

These planning opportunities are driven primarily by four factors: Materially lower market values for publicly traded securities, and a likely downturn in valuations of real estate and other illiquid assets. to a grantor trust) similarly remain attractive because of low interest rates and potentially low valuations. Outright Gifting.

Strategic Planning 52

Strategic Planning Planning Marketing Marketing 52