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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. Maths has a long half-life and a DCF correctly done accounts for inflation. Depreciation rises over time too.

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Transcript: Ed Hyman

The Big Picture

I’d been ranked i i back in the seventies, if you can do the math. It’s not as, as strong as your business in the asset management business. Hustle was managing institutional right assets. But if you go back to 2006 point half percent sounds high. So at that point, I had a pretty big career. Your side hustle.

Economy 143