Brown Advisory

SEPTEMBER 22, 2017

While these efforts are valuable – they may eventually lead to well-defined ESG factors that resonate with economic principles – it is easy to forget that they cannot prove whether "ESG investing" can be a source of market-independent returns, or alpha. In short, anyone seeking answers in this debate faces a tangled web of information.

Portfolio 52

Portfolio Investing Investments Management 52

Brown Advisory

SEPTEMBER 20, 2017

In early 2006, he took over the small-cap initiative at Brown Advisory, pioneering the current approach. While valuation is critical to our approach, it occurs near the end of our process. Second, we keep a keen eye on valuation. After that, we set target prices and model multiple scenarios. We target position sizes between 0.5

Portfolio Management 52

Portfolio Management Portfolio Management Investing 52

Brown Advisory

SEPTEMBER 20, 2017

In early 2006, he took over the small-cap initiative at Brown Advisory, pioneering the current approach. While valuation is critical to our approach, it occurs near the end of our process. Second, we keep a keen eye on valuation. After that, we set target prices and model multiple scenarios. We target position sizes between 0.5

Portfolio Management 52

Portfolio Management Portfolio Management Investing 52

James Hendries

JANUARY 13, 2023

Lessons learned: Economic forecasts The Fed’s bark was as bad as its bite! When LPL Research released the Outlook 2022: Passing the Baton in December 2021, the team’s view was that the hit from inflation would be manageable and would therefore limit the number and magnitude of interest rate increases, enable the U.S.

Marketing 52

Marketing Marketing Valuation Asset Allocation 52

Trade Brains

JANUARY 21, 2024

The railways, like the veins of the country, connect states, making it very economical to transport goods across India as well as to the ports, from where they will be exported to the world. It should be noted that Jupiter Wagons remained a standalone company from FY19-21, hence its financials & metrics are reported in Standalone numbers.

Manufacturing 105

Manufacturing Transportation Budgeting Government 105

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. 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.

Investing 52

Investing Investments Valuation Accounting 52

The Big Picture

NOVEMBER 8, 2022

CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. back in sort of 2012. RITHOLTZ: Yes.

Banking 143

Banking Valuation Economy Investing 143

The Big Picture

JULY 24, 2023

The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. The second, and what’s interesting about that period, is the fact that valuations actually peaked in 1961. MIAN: Valuations are ebb and flow. But number two is from a demographic standpoint.

Marketing 130

Marketing Marketing Economy Valuation 130

The Big Picture

SEPTEMBER 5, 2023

And I literally put the entire Schedule A, which is the pricing square footage unit numbers in a Hewlett Packard 41B using bit mapping. And we’d sort of turn that into a valuation business. Everybody knew the number but the appraiser. What are the, you know, I’d literally have it in my handheld. Just keep it fair.

Sales 130

Sales Numbers Taxes Marketing 130

The Irrelevant Investor

AUGUST 17, 2015

Rational measures of valuation had taken a backseat to “mouse clicks and momentum,” as Robertson put it, and he had no stomach for more punishment. In 2006 alone, his personal earnings reportedly came to $1.5 On March 30, with the NASDAQ already 15 percent off its peak, Robertson broke the news to his investors.

Marketing 52

Marketing Marketing Recruitment Assets 52

The Big Picture

SEPTEMBER 26, 2023

I remember when I bought my first house in 2006, they, all I was asked was if I intended to repay the debt. Ritholtz ] 00:09:37 I recall reading, and I know you can’t say this, but I recall reading that fund return something like 19% a year, some just astounding number. Panossian ] 00:05:18 Yeah. Tell us about that.

Banking 130

Banking Investing Investments Clients 130

The Big Picture

DECEMBER 14, 2022

MCCARTHY: I’d back up actually a little bit further in thinking about how did I get there, because I don’t think it was very obvious actually that I would come out of Yale with an ethics, politics and economics degree — RITHOLTZ: Perfect really, right? MCCARTHY: — and end up in M&A on Wall Street.

Assets 154

Assets Investing Investments Portfolio 154

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. In 2006, ’07, ’08, you saw the financial crisis. BARATTA: Yeah. In the long run.

Assets 154

Assets Investing Investments Valuation 154

The Big Picture

MARCH 12, 2024

So a lot of the headline names, you see a lot of the stories you see about, about the financial crisis, a significant number of, of those investors we were helping in security selection, modeling, and analytics. I I I tell you the analogy was something like this, is that we had seen what had happened and by 2006 it was over, right?

Banking 143

Banking Investing Investments Marketing 143

The Big Picture

FEBRUARY 20, 2024

You get an economics PhD from California, Berkeley in 82, and around the same time you become an economist at the Federal Reserve Board from 81 to 83. ’cause L-I-B-O-R was probably the most important number, certainly in credit, maybe in all of finance. Let, let’s talk a little bit about your background.

Economy 143

Economy Banking Marketing Marketing 143

The Big Picture

OCTOBER 31, 2022

It’s sold ungodly numbers of copies, and is on everybody’s best finance books of all-time list. When a professor says, “Come in, we’ll talk about the assignment,” and you come in and say, “I’ve already crunched the number. SIEGEL: — or 2006, ’07, ‘08. And they have some fascinating things to say.

Numbers 143

Numbers Investing Investments Marketing 143