Brown Advisory

JUNE 1, 2023

This is achieved by investing in a concentrated portfolio of companies that, according to our analysis, generate durable levels of free cash flow, exhibit capital discipline and have attractive valuations. They have been chosen for their capital discipline and durable fundamental cash flow, together with an attractive valuation.

Portfolio 52

Portfolio Valuation Investing Investments 52

The Big Picture

MAY 7, 2024

I went in there and the valuation was below a billion dollars. And at two years the valuation was $13 billion. Like everybody will eventually be a financial services company or an advertising company. There’s a giant gap in that market, sort of, you know, the Home Depot, Lowe’s of financial services, right.

Startup 140

Startup Advertising Engineering Numbers 140

Brown Advisory

OCTOBER 11, 2021

With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. The estimated volatility is based on the historical volatility of the indexes presented and defined on the disclosures page at the end of this presentation. Source: BLOOMBERG.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. The estimated volatility is based on the historical volatility of the indexes presented and defined on the disclosures page at the end of this presentation. Muted Expectations.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

MARCH 24, 2021

safe & secure communication of data) to allow for the creation and distribution of a unique code (i.e. Stocks with ultra-high valuations led that charge, as Tesla, Peloton, Pinduoduo and DocuSign all saw double-digit gains. On the other hand, evidence presented by tribe deflation seems just as sound. Catherine D.

Assets 52

Assets Economics Investing Investments 52

Brown Advisory

MARCH 24, 2021

safe & secure communication of data) to allow for the creation and distribution of a unique code (i.e. Stocks with ultra-high valuations led that charge, as Tesla, Peloton, Pinduoduo and DocuSign all saw double-digit gains. On the other hand, evidence presented by tribe deflation seems just as sound. Catherine D.

Assets 52

Assets Economics Investing Investments 52

The Big Picture

AUGUST 15, 2023

We split the amount and bought a zero coupon bond of the present value upfront. SEIDES: And I’ll tell you a story that’s fun about the communication of it too. SEIDES: And I put that in a presentation I had as he had just given his reason for losing the bet. What’s the valuation? So back in 2007.

Management 130

Management Investing Investments Government 130

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. What sort of a challenge does that present for private markets? Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector. BARATTA: Yeah.

Assets 150

Assets Investing Investments Valuation 150

The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. I could give you a list of a hundred people, you know, in finance today that trace their roots back to street.com present company included. RITHOLTZ: He was the first (inaudible) in round B at the higher valuation.

Media 275

Media Investing Investments Valuation 275

Brown Advisory

FEBRUARY 7, 2017

We say this without taking political sides—which we are always careful to avoid—but rather as an observation on the President’s particular communication style. www.hedgefundresearch.com , which does not approve of or endorse any of the products discussed in the contents of this presentation.

Investing 52

Investing Investments Management Portfolio 52

Brown Advisory

FEBRUARY 7, 2017

We say this without taking political sides—which we are always careful to avoid—but rather as an observation on the President’s particular communication style. www.hedgefundresearch.com , which does not approve of or endorse any of the products discussed in the contents of this presentation.

Investing 52

Investing Investments Management Portfolio 52