Brown Advisory

SEPTEMBER 6, 2022

As economies decouple and deglobalise, prior “just-in-time” firms will move to “just-in-case” inventory, so it won’t be surprising to see RoICs come down without an offset in either asset turns or profit margins as they carry more robust inventory levels. Ethical AI is a highly nuanced subject and is at the top of our engagement priorities.

Investing 52

Investing Investments Insurance Ethics 52

Brown Advisory

MAY 10, 2022

Conversely, failures can have a devastating effect on a company , our economy , and society more broadly. Today’s governance landscape is heavily influenced by the two biggest financial shocks of the 21st century: The breakdowns in governance and ethics at Enron and Worldcom in the early 2000s triggered meaningful change.

Government 52

Government Investing Investments Clients 52

Brown Advisory

JUNE 16, 2022

The great freeze on free money has arrived with a jolt as inflation cleaves through the global economy. GAAP in 2002 7. It reminds us of Scott McNealy, then CEO of Sun Microsystems, venting his frustrations at an investor conference post-internet bubble bursting in early 2002 (see below).

Investing 52

Investing Investments Valuation Accounting 52

The Big Picture

AUGUST 29, 2022

That’s how good the economy was. And so, I was doing that in 2000, 2002, 2003, 2004. So it’s unusual though to have that much work ethic, that much drive and say, yeah, I want all the investors to have the money. BALCHUNAS: And so, I always had an eye on Bloomberg for my early career. And then in ’99-ish — no, no.

Assets 161

Assets Management Marketing Marketing 161