The Big Picture

JULY 19, 2022

You mentioned in the beginning of the book lower asset yields and richer asset prices have pulled forward future returns. ILMANEN: It’s always good to think of starting yields and valuation sort of two sides of the same coin. RITHOLTZ: Really quite interesting. Explain that. Bonds are the most expensive. Stocks are pricey.

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Steve Sanduski

AUGUST 22, 2023

John Furey and I discuss: John’s thoughts on the 2005-2010 “breakaway movement” that created so many new RIAs versus where the industry is today. Why there is a disconnect between the valuation level of private advisory firms and publicly traded firms. .”

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Validea

OCTOBER 5, 2022

Two weeks ago, I wrote an article where I looked at the valuation of the median stock and how it has changed over time. 12/31/2010 1.4% 12/31/2010 26.1% And with intangible assets rising in the economy, standard earnings calculations are becoming less and less accurate. By Jack Forehand, CFA, CFP® ( @practicalquant ) —.

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Brown Advisory

APRIL 1, 2015

Although we expressed some worry about the long-term effects of mounting deficits, we concluded that stocks and other assets were not in bubble territory and represented good value despite what we saw as a weak economic recovery. Some might argue that the Fed’s policy could trigger another crisis as asset prices become overly inflated.

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The Irrelevant Investor

JANUARY 5, 2021

2010 - Have Cash, Wait for Stocks to Fall 2011 - Grantham sees most global equities as ranging from “unattractive” to “very unattractive” – valuing the S&P 500 at “no more than 950.” Investor enthusiasm, coupled with high valuations, has preceded all major market bubbles. You can’t have your cake and eat it.

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Validea

MAY 5, 2023

And much like the investors and analysts who didn’t heed his warnings in 2008 or in the years since regarding the Dodd-Frank Act of 2010 and loose monetary policy, he doesn’t expect many to listen to him now. He also pointed to gold, which many have added to their portfolios as a stable asset. But for long-term prosperity in the U.S.

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The Big Picture

MAY 27, 2025

And I, I looked at her and I said, you know what, if I had any guts, I’d monetize every asset we have. And I came back one weekend around 2010, 11, and I sat down at a computer and I wrote a vision for how I would compete with Panera. I mean, we’ve, we’ve had valuations of 30 to $40 million of restaurant.

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The Big Picture

DECEMBER 6, 2022

And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. What percentage of the assets are in ETFs relative to mutual funds? So fast forward to where we are today, we have over $40 billion in assets under management. BERRUGA: You know, great question. BERRUGA: Exactly.

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Brown Advisory

MAY 31, 2017

EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks achen Thu, 06/01/2017 - 02:47 Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. is not particularly notable. is much clearer.

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Brown Advisory

MAY 31, 2017

Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. 30, 2010, this underweighting was the largest positive contributor to the model’s relative performance out of all of our asset allocation decisions.

Portfolio 52

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ClearMoney

DECEMBER 5, 2021

Any asset subject to such sharp swings may be catnip for traders but of limited value either as a reliable medium of exchange (to replace cash) or as a risk-reducing or inflation-hedging asset in a diversified portfolio (to replace bonds). Assessing the merits of bitcoin as an investment can be problematic. Dimensional Japan Ltd.,

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The Irrelevant Investor

MAY 6, 2017

Where we differ, is that he allocates his "side" portfolio to one asset - Facebook. I try to highlight the dangers of being as concentrated in one asset as he is. I'm going back to 2010 and assuming a portfolio that invested $1,000 into each of Apple, Amazon, Google and Netflix, and never rebalanced. Consistently, and by a lot.

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Brown Advisory

MARCH 30, 2020

For the past year, we have been preparing client portfolios for the end of the extended bull market run that began in 2009—building cash and liquidity reserves, and also exploring opportunities in private and alternative asset classes that historically have offered lower correlation with public markets. Despite the U.S.

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Brown Advisory

MARCH 30, 2020

For the past year, we have been preparing client portfolios for the end of the extended bull market run that began in 2009—building cash and liquidity reserves, and also exploring opportunities in private and alternative asset classes that historically have offered lower correlation with public markets. Despite the U.S. Harsh Reaction.

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Harness Wealth

FEBRUARY 27, 2023

Related reading: SPAC vs. Traditional IPO: Valuation, Lockup Period, and Employee Equity Founders have more options for reducing the tax consequences of an acquisition Founders are generally in the best position to engage in tax planning and limit the taxable consequences associated with an acquisition.

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Carson Wealth

JANUARY 22, 2024

According to quarterly Federal Reserve data, money market assets were more than $6 trillion at the end of the third quarter of 2023, roughly double what they averaged from 2011 to 2017. The average yield from 2010-2021 was just 2.34%. As noted above, the yield to maturity for the Agg on Jan. 16 was 4.65%.

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The Big Picture

AUGUST 15, 2023

SEIDES: But market returns across — RITHOLTZ: The past decade, 2010 to 2020, we were what? So if you start with the S&P 500 or in this case stocks and bonds, you only have two asset classes, right. So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in.

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Brown Advisory

AUGUST 6, 2019

Ever since Taylor joined our firm in 2010, I’ve been deeply impressed with his understanding of the markets and his intellectual curiosity with respect to all types of investments. Valuations are elevated but nowhere near the bubble levels of the late 1990s. In the wider context of history, however, these “analyses” seem simplistic.

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Brown Advisory

AUGUST 6, 2019

Ever since Taylor joined our firm in 2010, I’ve been deeply impressed with his understanding of the markets and his intellectual curiosity with respect to all types of investments. Some observers are comforted that recessions since the 1970s have been preceded by oil price spikes or asset bubbles—conditions that do not exist today.

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Brown Advisory

MARCH 13, 2018

which has declined from over 6% at the end of the financial crisis in 2010 to less than 2.5% The future course of interest rates is probably the greatest single concern for investors today, from both a fundamental and a valuation perspective. Spending has been supported recently by a reduction in the personal savings rate in the U.S.,

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Brown Advisory

MARCH 13, 2018

which has declined from over 6% at the end of the financial crisis in 2010 to less than 2.5% The future course of interest rates is probably the greatest single concern for investors today, from both a fundamental and a valuation perspective. Spending has been supported recently by a reduction in the personal savings rate in the U.S.,

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Trade Brains

SEPTEMBER 21, 2023

The Company was awarded the Maharatna status in 2010. 9,212 crore and capitalized assets of Rs. The Company currently trades at a PE valuation of 11.73x, which is slightly higher than its peer Maharatnas. ONGC was set up under the leadership of Pandit Jawahar Lal Nehru, in 1955. It also made a Capital Expenditure of Rs.

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The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. We have to pay attention to this, and we have to understand why this is potentially a risky asset. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments.

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The Big Picture

FEBRUARY 12, 2024

And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. From 2010 to 2014, we were fine, but then things got a little tougher in 2015 and we ran through five years where we had two awful years and three mediocre years. How, how do you manage around that?

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The Big Picture

JULY 1, 2025

She runs their private internal fund, about $108 billion that she manages primarily in fixed income, private credit, a variety of other assets. Here is the plan, here’s how you should go about in this deal or in, in this new asset class. What motivated the transition to full-time asset management?

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The Big Picture

OCTOBER 24, 2022

They advise or directly manage about $250 billion in flying assets. RITHOLTZ: So how do you find your way from economist to analyst to asset manager? RITHOLTZ: You said, I know, I want to run assets. RITHOLTZ: What was that experience like beginning in asset management in the aisle of hurricane? NORTON: Yeah.

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The Big Picture

NOVEMBER 8, 2022

No, I — the first thing I spoke at was a Goldman Sachs Asset Management conference, strange enough in a place called Carefree, Arizona. And he did — when I met him, let’s say in 2010, he acknowledged that they’ve got things wrong. Jeremy called and said, “Would you like to join the asset allocation team?”

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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. RITHOLTZ: So let’s take a couple of examples.

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Truemind Capital

JANUARY 22, 2024

Valuation/Prices at which you invest (the difficult part) Now, if you do some thorough research and gain some insight to feel confident about better future growth prospects of any particular sector/theme you can still lose a significant amount of money or get poor returns even if your understanding was right. Let me share two examples: 1.

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Brown Advisory

AUGUST 1, 2019

Background Since January 1, 2010, all individuals, regardless of income levels, have been able to convert existing retirement accounts such as traditional IRAs into Roth IRAs. Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways.

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Brown Advisory

AUGUST 1, 2019

Since January 1, 2010, all individuals, regardless of income levels, have been able to convert existing retirement accounts such as traditional IRAs into Roth IRAs. Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways. Background.

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The Big Picture

DECEMBER 14, 2022

She and her team manages over $565 billion in real estate assets. Kathleen has been with Blackstone since 2010. But I’d say those are all similar things, whether you’re talking about, you know, companies that make something, or companies that own real estate or real estate assets. And real estate offered that.

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The Better Letter

JANUARY 26, 2024

In The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2006-2010 , published in January 2006, Dent doubled down on his earlier predictions for the 2000s and called for big gains through the rest of the decade. who became a professor at the University of Michigan before setting up his own asset management firm.

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Brown Advisory

SEPTEMBER 17, 2021

A prohibition on IRAs holding investments open only to those with a certain level of assets – such as investments open only to Accredited Investors. The elimination of certain valuation discounts frequently used in connection with estate planning transactions. Gift/Estate/GST Tax. Corporate Income Tax. Carried Interests.

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The Big Picture

APRIL 10, 2023

The firm plans to hit $10 trillion in client assets over the next decade. Known as the Dean of Valuation, he teaches Corporate Finance and Valuation to the MBA students at Stern where he has been voted “Professor of the Year” by the graduating M.B.A. His Next Act Is No Less Ambitious. class nine times.

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The Big Picture

MARCH 26, 2024

He wasn’t tactical asset allocator. And the sort of narrative embedded in that, I suppose might matter to institutions, but our eight plus trillion dollars of client assets are for the most part individual investors. He is just, he’s just bearish all the time. It wasn’t the case. 1987 is a perfect example of that.

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Brown Advisory

MAY 16, 2016

Low rates also raise valuations for business acquisitions. Berkshire is willing to pay some small amounts now for money it can’t really employ in order to have it available when something good comes along—like the deals Berkshire struck in 2008-09 when others were forced to sell assets at low prices or raise capital at high cost.

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