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Four Hard Investing Lessons From 2022 With Silver Linings

Validea

Even with bear markets like 2000-2002 and 2008-2009, the portfolio had strong returns for a very long period. But investors may still want to consider layering in various other asset classes to help protect from this unexpected risk in the future. With future stock returns higher than they were at the start of the year and the U.S

Investing 128
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Transcript: Aswath Damodaran

The Big Picture

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 289
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Transcript: Joe Barratta of Blackstone

The Big Picture

When he began, PE was a little bit of a niche boutique sort of investment, and over the ensuing 25 years, it has grown to be really a major asset class with giant opportunities that have been expressed by then small, now very large companies, of which Blackstone is one of the largest. It is an institutionalized asset class.

Assets 154
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Strategic Planning in Volatile Markets

Brown Advisory

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. While no two downturns are the same, we believe this approach can again be effective in the current period.

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Strategic Planning in Volatile Markets

Brown Advisory

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. While no two downturns are the same, we believe this approach can again be effective in the current period.

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Global Leaders Investment Letter: June 2022

Brown Advisory

Long duration assets are losing favour given higher rates act like gravity on the price of securities whose intrinsic value is based on cash flows generated further into the future. Specifically, economics has a half-life of 9.4 By this valuation method, the portfolio cashflow duration is in the 16 to 17-years range.

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Transcript: Edward Chancellor

The Big Picture

No, I — the first thing I spoke at was a Goldman Sachs Asset Management conference, strange enough in a place called Carefree, Arizona. CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. So — CHANCELLOR: Well, yes. CHANCELLOR: Yes and no.

Banking 143