Brown Advisory

SEPTEMBER 6, 2022

However, there is an important nuance in that more players have exited than the limited number who entered over time due to high barriers to entry and exit. Typically the number of IPOs, share buybacks from company management teams, the number and size of M&A deals increase as prices go up, but all typically drop off when prices fall.

Investing 52

Investing Investments Insurance Ethics 52

Trade Brains

APRIL 30, 2023

As of 2018, India ranked third on the list of countries with the highest number of family-owned businesses with 111 such companies. At the time of his death in 2002, Reliance was already a conglomerate having its business in the Oil and Gas, Refining, petrochemical, Electricity, Telecom, and Financial services industries.

Management 52

Management Pharmaceutical Engineering Ethics 52

Brown Advisory

JUNE 16, 2022

We remain highly dubious of price-to-earnings ratios as a proxy for value given earnings can be distorted by “creative” accounting and the measure embeds a range of factors into a single number. GAAP in 2002 7. We inherently prefer actual cash flow. Implicitly this means they will have a higher sensitivity to rising interest rates too.

Investing 52

Investing Investments Valuation Accounting 52

The Big Picture

AUGUST 29, 2022

I mean, I could count them on one hand the number of people who have his depth of knowledge in this space. And so, I was doing that in 2000, 2002, 2003, 2004. I — I couldn’t believe the numbers. 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.

Assets 161

Assets Management Marketing Marketing 161