Remove 2007 Remove Economy Remove Financial Market Remove Taxes
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No Pain, No Gain

Investing Caffeine

Although I have noted some of the key headwinds the economy faces above, it is worth noting that current corporate profits remain at/near all-time record highs (see chart below) and the 3.6% As Albert Einstein stated, “In the middle of every difficulty lies an opportunity.”. Please read disclosure language on IC Contact page.

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Resilience is Core to Sustainable Portfolio Construction

Brown Advisory

In the industrials space, we tend to shy away from deeply cyclical commoditized businesses and see resilience in companies that typically benefit from a meaningful after-market component or subscription-like revenues from maintenance or service contracts, e.g. Others such as U.S. 4 Source: FactSet® and Brown Advisory calculations.

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Business Resilience in Portfolio Construction

Brown Advisory

In the industrials space, we have refrained from investing in deeply cyclical commoditized businesses and see resilience in companies that typically benefit from a meaningful after-market component or subscription-like revenues from maintenance or service contracts, e.g. Others such as U.S. ROIC, 7.11% three-year sales growth and a 4.2%

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Importance of Business Resilience in Portfolio Construction

Brown Advisory

In the industrials space, we have refrained from investing in deeply cyclical commoditized businesses and see resilience in companies that typically benefit from a meaningful after-market component or subscription-like revenues from maintenance or service contracts, e.g. Others such as U.S. ROIC, 7.11% three-year sales growth and a 4.2%

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Resilience is Core to Sustainable Portfolio Construction

Brown Advisory

In the industrials space, we tend to shy away from deeply cyclical commoditized businesses and see resilience in companies that typically benefit from a meaningful after-market component or subscription-like revenues from maintenance or service contracts, e.g. Others such as U.S. 4 Source: FactSet® and Brown Advisory calculations.

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Resilience is Core to Sustainable Portfolio Construction

Brown Advisory

In the industrials space, we tend to shy away from deeply cyclical commoditized businesses and see resilience in companies that typically benefit from a meaningful after-market component or subscription-like revenues from maintenance or service contracts, e.g. Others such as U.S. 4 Source: FactSet® and Brown Advisory calculations.

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Managing Liquidity in the Coronavirus Market

Brown Advisory

Liquidity in Public Markets: A Decade of Decline Equity trading volume has declined markedly since the financial crisis (top chart); meanwhile, dealer trading volume relative to the size of the corporate bond universe has fallen from 60% in 2007 to less than 10% today (bottom chart). investment-grade tax-exempt bond market.