Investing Caffeine

FEBRUARY 1, 2022

As I have discussed numerous times in the past, money goes where it is treated best, which is why interest rates, cash flows, and valuations play such a key role in ultimately determining long-term values across all asset classes. With that said, I am always quick to point out that diversification in a portfolio is important (i.e.,

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Investing Caffeine

APRIL 1, 2022

On the surface this sounds scary, but do you remember what happened the last time the Fed tapped the interest rate brakes during 2015 – 2018? They certainly could, but valuations remain attractive given where interest rates currently stand. Could the headwinds previously described cause prices to go lower? www.Sidoxia.com.

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Brown Advisory

JANUARY 17, 2024

Both types of error are due to a combination of either mis-assessing the business quality or its valuation (or both). Our 10/10/3 valuation framework using a 10% weighted average cost of capital is undoubtedly conservative and ends up with us missing some big opportunities as type 2 errors of omission.

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Trade Brains

MARCH 29, 2024

The Company operates a robust network infrastructure which is a mix of owned & leased assets. At the crux of this advancement is the Digital India initiative launched by the government in July 2015 to transform the country into a knowledge-based economy and a digitally empowered society. Investment Rs.

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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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Brown Advisory

MAY 3, 2018

As we discuss in this article, this approach has directly contributed to our outperformance during the most recent period of rising interest rates dating from the end of 2015. For one, we reduced our exposure to shorter-duration fixed-rate municipals, as their valuations grew increasingly unattractive last year. (We

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Taxes Portfolio Valuation Clients 52

Brown Advisory

MAY 3, 2018

As we discuss in this article, this approach has directly contributed to our outperformance during the most recent period of rising interest rates dating from the end of 2015. For one, we reduced our exposure to shorter-duration fixed-rate municipals, as their valuations grew increasingly unattractive last year. (We

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Taxes Portfolio Valuation Clients 52

Trade Brains

MAY 6, 2023

For the 4 year period between 2015 and 2019, the company showed sales worth ₹3098 Crores. Taking note of this the stock price also began gaining momentum after 2015. This resulted in the banks’ assets & advances growing by a CAGR of 34.1%. Although one may look at these good figures the story keeps getting worse.

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Brown Advisory

AUGUST 8, 2018

While we don’t believe this is a primary driver in every situation, the fact remains that we are at a favorable point in the cycle for spinoff activity—valuations are higher, and companies can monetize their assets on good terms (this is especially true for cyclical businesses). spun out its power generation business in 2015.

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Brown Advisory

JANUARY 1, 2023

Download it here > Dear Fellow Investors, If we had to sum up 2022 in one word it would be valuation. War, inflation, recession, deglobalisation, decoupling, strikes, crypto-crash and energy (crisis) all featured but for us the overriding focus for 2022 was valuation. which was greater than our -1.1% relative underperformance.

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Brown Advisory

APRIL 1, 2015

Wed, 04/01/2015 - 16:48. 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. Investment Perspectives | Bubbles II. Not only have U.S. Possible Signs.

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Brown Advisory

SEPTEMBER 12, 2016

But saving tax is not the only objective— clients also need to know that their financial security is assured and that the long-term stewardship of family assets will be wise. Still, the possible elimination of the discounts in just a few months highlights the need for families with substantial assets to revisit their estate plans now.

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Brown Advisory

SEPTEMBER 12, 2016

But saving tax is not the only objective— clients also need to know that their financial security is assured and that the long-term stewardship of family assets will be wise. Still, the possible elimination of the discounts in just a few months highlights the need for families with substantial assets to revisit their estate plans now.

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Brown Advisory

AUGUST 14, 2023

To be clear, we would love to have more investments in any diversifying business or sector but every investment must first pass all our tests, particularly valuation. More recently, our view on valuations in health care has become more constructive as share prices have come down. It is an illuminating case study.

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Trade Brains

NOVEMBER 20, 2022

After a sixfold jump in two-and-a-half years, it has got a lofty valuation! These have been accredited with ISO 9001-2015, ISO 14001-2015, and 45001:2018 Quality certificated. However, its return on capital employed and return on assets fell short of the ideal requirement. Let’s begin, shall we? Shareholding.

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Electronics Manufacturing Medical Clients 52

The Irrelevant Investor

JUNE 30, 2018

There were plenty of people warning about valuations during the late 90s. And even if we could see the future and identify the ultimate winner in e-commerce, at today’s valuations it is probably already over-priced.No Unlike the late 90s, you can justify the valuations. ETFs may even distort valuations outright.

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Brown Advisory

JANUARY 1, 2021

When does crowd psychology take hope for economic return beyond what valuation can support? And why do markets irregularly detach fundamentals from valuation to their own detriment? as featured in the book, “Valuation: Measuring and Managing the Value of Companies, University Edition.” 6th Edition, 2015.

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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.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

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

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

DECEMBER 2, 2015

Wed, 12/02/2015 - 12:50. We work with clients to create—either in writing or verbally—a “mission statement” detailing how they want their assets to serve their well-being in coming decades. This helps to meet your immediate needs and instill discipline in a longterm context, averting excessive spending when valuations are rising.

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Taxes Clients Estate Planning Compliance 52

Brown Advisory

AUGUST 1, 2018

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Concentration: Much of the U.S.

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Management Investing Investments Valuation 52

Brown Advisory

AUGUST 1, 2018

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Concentration: Much of the U.S. Risks in Bonds.

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Management Investing Investments Valuation 52

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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Brown Advisory

SEPTEMBER 22, 2017

In a world increasingly enamored of "strategic beta" and, more recently, "smart beta" solutions, investors believe they can manage portfolios vis-à-vis these types of market risk factors (Mainie, 2015). This work builds on the Capital Asset Pricing Model developed in the 1960s.)

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Brown Advisory

SEPTEMBER 22, 2017

In a world increasingly enamored of "strategic beta" and, more recently, "smart beta" solutions, investors believe they can manage portfolios vis-à-vis these types of market risk factors (Mainie, 2015). This work builds on the Capital Asset Pricing Model developed in the 1960s.)

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Portfolio Investing Investments Management 52

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. From December 2015 to February 2016, in just 42 days, the value of this portfolio fell $8,500, twice as much as the initial investment, and the 610% gain shrunk to a 397%.

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Portfolio Assets Valuation Investing 52

Brown Advisory

JUNE 19, 2018

While valuations are rising in the space, earnings growth has also been notable this year in the technology sector, with earnings up 8.1% Even cash (using one-to-three month T-bills for a proxy) is yielding near 2% today vs. a near-zero yield as recently as 2015. so far in 2018 vs. 4.3% for the Index overall.

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Management Retail Clients Investing 52

Brown Advisory

JUNE 19, 2018

While valuations are rising in the space, earnings growth has also been notable this year in the technology sector, with earnings up 8.1% Even cash (using one-to-three month T-bills for a proxy) is yielding near 2% today vs. a near-zero yield as recently as 2015. so far in 2018 vs. 4.3% for the Index overall.

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Management Retail Clients Investing 52

Brown Advisory

SEPTEMBER 3, 2015

Thu, 09/03/2015 - 15:11. Still, we believe that attractive opportunities for fundamental, bottom-up investing endure in China S and Asia’s other emerging markets, where valuations are more attractive than for equities in the developed world like the U.S. Dream or Opportunity? They should benefit from an appreciating U.S.

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Insurance Portfolio Management Clients Government 52

Brown Advisory

SEPTEMBER 3, 2015

Thu, 09/03/2015 - 15:10. The island’s economy has shrunk for nearly a decade and will probably contract by more than 1% during fiscal year 2015, according to a June report commissioned by Puerto Rico and co-written by Anne Krueger, a former first deputy managing director of the International Monetary Fund. Rude Awakening.

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Transportation Government Economy Asset Allocation 52

Truemind Capital

APRIL 19, 2024

Indian equity benchmark BSE Sensex went up by only 2% due to already stretched equity valuations. Mid & small cap indices witnessed some correction after the SEBI expressed concerns regarding frothy valuations and nudged mutual funds to restrict inflows. Other Asset Classes: Gold sparkled in the last quarter, going up by 9%.

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Walkner Condon Financial Advisors

FEBRUARY 6, 2024

It’s actually quite instructive to look at this depiction of 2015 from our current 2023 perspective. From the lens of 1989, Marty’s 2015 Nikes with “power laces” seemed a logical progression (not to mention the auto-sizing “Members Only” jacket!). Large Cap was the next asset class under these foreign blue chips.

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The Better Letter

JANUARY 26, 2024

who became a professor at the University of Michigan before setting up his own asset management firm. 2014 : “What concerns us beyond valuations is the full ensemble of overvalued, overbought, overbullish conditions.” 2015 : “Exit now.” 2020 : “[E]xtreme valuations. Hussman is a smart guy.

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Brown Advisory

JANUARY 4, 2016

What is behind this sudden surge in the unicorn population, and are some of these valuations “spiraling” out of control? To a certain extent, the Federal Reserve’s zero-rate monetary policy has fueled the flow of money into higher-risk asset classes, since “safe” assets have been priced to yield only meager returns.

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Investing Investments Valuation Numbers 52

James Hendries

JANUARY 13, 2023

economy to avoid recession, and support above-average valuations. The relationship between inflation and stock valuations is a strong one, as shown in Figure 2 , which meant the market could no longer support price-to-earnings (P/E) ratios over 20 (the same goes for the relationship between interest rates and stock valuations).

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Marketing Marketing Valuation Asset Allocation 52

Brown Advisory

JULY 1, 2015

Wed, 07/01/2015 - 16:45. Rising rates also have a direct, negative impact on bond prices, and they tend to constrain stock valuations. Period April 30, 2013, through April 30, 2015. Investment Perspectives | Sound and Fury. That makes U.S. exports less competitive and reduces the profits of U.S. SOURCE: BLOOMBERG.

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