The Big Picture

AUGUST 21, 2024

Full transcript below. ~~~ About this week’s guest: Professor Aswath Damodaran of NYU Stern School of Business is known as the Dean of Valuation. These describe those must-own, “Set & Forget” companies that absolutely have to be in your portfolio if you want to keep up. He has written numerous books on valuation and finance.

Startup 162

Startup Valuation Management Numbers 162

Trade Brains

JULY 12, 2022

Both these growth stocks and value stocks are considered very important while building your stock portfolio. Many times, while picking stocks you might have wondered why people are buying the stocks which are trading at a high valuation whereas conceptually most intelligent investors are looking for a low valuation and lower PE.

Investing 98

Investing Investments Valuation Portfolio 98

Trade Brains

JULY 9, 2023

From checking the real-time streaming market price of the stock, making a virtual portfolio, drawing stock charts, following market trends to tracking your portfolio; everything is now accessible from your smartphone or tablet. Key Features: Ease of Use : Easy navigation to all financial data, portfolio, watchlist and message board.

Marketing 98

Marketing Marketing Valuation Portfolio 98

The Big Picture

AUGUST 16, 2022

We do discretionary macro trading, which is typically a portfolio manager — and we have some number of portfolio managers, 15 or 18 different portfolio managers that independently manage a book of, you know, risk assets. Definitely. Well, as you sort of referenced, we do a lot of different trading styles at Graham.

Management 305

Management Assets Risk Management Marketing 305

The Big Picture

DECEMBER 6, 2022

And definitely, their retail market participation is significantly lower than you can see in the U.S. But I think it’s definitely changing, Barry, because, you know, you see more and more fintech platforms and robo-advisors that in a way, are making accessing financial markets easier for more and more investors in in Spain.

Clients 162

Clients Investments Investing Management 162

The Big Picture

FEBRUARY 6, 2024

If you’re at all interested in focused portfolios, the concept of quality as a sub-sector under value and just how you build a portfolio and a track record, that’s tough to beat. Dick Mayo was a traditional, I’d say portfolio, strong portfolio manager focused on US stocks. He’s a big picture guy.

Valuation 130

Valuation Investments Investing Assets 130

Trade Brains

APRIL 3, 2023

Overall, this is definitely one of the best value investing books and for serious investors- this is a must-read. Hagstrom describes the necessary aspects to achieve similar success like Buffett that you can apply immediately to your own portfolio. It was originally written in 1991 and definitely contains many time-tested principles.

Investing 98

Investing Investments Valuation Education 98

James Hendries

DECEMBER 12, 2022

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. It is also a major component used to calculate the price-toearnings valuation ratio. It is expressed as a number of years.

Portfolio 52

Portfolio Taxes Asset Allocation Investing 52

Discipline Funds

JUNE 6, 2023

The economy has decelerated sharply in the last year, but we aren’t seeing data that is consistent with what the NBER would define as a “recession” So how concerned should we be about these technical definitions? In our view we’re still in the “muddle through” camp as it pertains to the economy.

Economy 105

Economy Asset Allocation Valuation Communication 105

James Hendries

NOVEMBER 15, 2022

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. It is also a major component used to calculate the price-toearnings valuation ratio. It is expressed as a number of years.

Portfolio 52

Portfolio Taxes Government Investment Advisor 52

James Hendries

OCTOBER 7, 2022

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. It is also a major component used to calculate the price-toearnings valuation ratio. It is expressed as a number of years.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

The Big Picture

SEPTEMBER 3, 2024

All of their portfolio managers not only are substantial investors in each of their funds, but they do a disclosure year that shows each manager by name and how much money they have invested in their own fund. 00:10:10 [Speaker Changed] I mean, the, the deal was definitely done in Japan and Australia, not in the us right?

Investments 147

Investments Investing Management Valuation 147

Mr. Money Mustache

FEBRUARY 25, 2025

S&P returns (including dividends) since 2019, graph by the excellent portfolio visualizer website. Which makes the landlord business a lot less profitable, and we should expect exactly the same thing as stock investor: lower future profits as a percentage of our portfolio value. And it has more than doubled in the past five.

Marketing 66

Marketing Marketing Sales Portfolio 66

James Hendries

AUGUST 15, 2022

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. It is also a major component used to calculate the price-toearnings valuation ratio. It is expressed as a number of years. All index data from FactSet.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

James Hendries

SEPTEMBER 8, 2022

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. It is also a major component used to calculate the price-toearnings valuation ratio. It is expressed as a number of years. All index data from FactSet.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

JULY 13, 2022

Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. It is also a major component used to calculate the price-toearnings valuation ratio. It is expressed as a number of years. All index data from FactSet.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

Random Roger's Retirement Planning

FEBRUARY 9, 2023

At the time, those funds were having success because of Hussman's generally defensive portfolio posture. The funds might play a role in a diversified portfolio but hard to peg either one as a single portfolio solution. The idea of a single fund, all-weather portfolio is intellectually appealing even if it probably doesn't exist.

Asset Allocation 75

Asset Allocation Portfolio Assets Numbers 75

The Big Picture

JULY 19, 2022

The transcript from this week’s, MiB: Antti Ilmanen, Co-Head, Portfolio Solutions, AQR , is below. BARRY RITHOLTZ; HOST; MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Antti Ilmanen is AQR’s Co-head of the Portfolio Solutions Group. CO-HEAD, AQR’S PORTFOLIO SOLUTIONS GROUP: Thanks, Barry.

Investments 130

Investments Investing Valuation Portfolio 130

Validea

OCTOBER 17, 2024

While there’s no universally accepted definition, we can outline some general characteristics and criteria: Extreme Valuations : Prices are significantly higher than can be justified by fundamental analysis. Disregard for Valuation Models : The marginal buyer doesn’t care about traditional valuation methods.

Valuation 52

Valuation Media Investment Planning Marketing 52

Brown Advisory

AUGUST 24, 2017

A Solid Foundation: The Value of Private Real Estate in Balanced Portfolios. We believe that focusing solely on current market conditions ignores the true, long-term value that private real estate investments can add to a portfolio. Low correlation means that real estate helps to diversify balanced portfolios.

Portfolio 52

Portfolio Assets Clients Investing 52

The Irrelevant Investor

JUNE 5, 2020

Had you invested every two weeks in a 60/40 portfolio, hard as it is to make sense of, you would be at an all-time high today. For example, I'm "conveniently" leaving out valuations. Or the fact that nobody actually holds this portfolio. It's true that it didn't have to turn out this way, and I definitely did not think it would.

Valuation 52

Valuation Portfolio Investing Investments 52

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. they definitely did that. Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector. BARATTA: Yeah. In the long run. BARATTA: Well.,

Assets 162

Assets Investments Investing Valuation 162

Brown Advisory

FEBRUARY 15, 2019

But the drop in valuations experienced at year’s end, alongside higher bond yields, offer a foundation for better long-term return expectations across most asset classes. This is also a fitting moment to review the intersection of risk and valuation. Entering 2019, we face rising economic, political and market risks. In non-U.S.

Valuation 52

Valuation Clients Portfolio Investing 52

Truemind Capital

JANUARY 19, 2024

Definitely not! Depending upon your risk appetite and market levels, you should accordingly maintain equity exposure in your portfolio. You can choose to invest in equity in the range of 30-80% of your overall portfolio and remaining in Debt (FDs, Debt Mutual Funds, Bonds, etc.) Is it wrong to keep money in FDs?

Asset Allocation 52

Asset Allocation Assets Valuation Portfolio 52

The Big Picture

OCTOBER 31, 2023

And, and definitely more emphasis on the, the types of investments the fund is, is making. , Barry Ritholtz: Michael Carmen: 00:05:59 [Speaker Changed] So you started out investing directly in the public markets, small cap, mid cap, various styles. Post money valuations until the market has changed dramatically. That are all gone.

Management 162

Management Investments Investing Portfolio 162

Brown Advisory

APRIL 18, 2018

Balancing Act | For Good Measure: How We Value Global Leaders achen Wed, 04/18/2018 - 11:03 Valuation is a critical component of active investment management, yet many investors restrict themselves to a very narrow view of valuation by focusing on simple metrics like the price/earnings (P/E) ratio.

Valuation 52

Valuation Portfolio Investing Investments 52

Brown Advisory

APRIL 18, 2018

Valuation is a critical component of active investment management, yet many investors restrict themselves to a very narrow view of valuation by focusing on simple metrics like the price/earnings (P/E) ratio. This makes ratios like the P/E ratio dangerous as a valuation tool. Wed, 04/18/2018 - 11:03.

Valuation 52

Valuation Portfolio Investing Investments 52

Truemind Capital

SEPTEMBER 13, 2021

Sentiment cycles move from one extreme of greed to another extreme of fear which takes valuations also to extremes from their long-term averages. At the extreme of fear sentiment (which coincides with dirt-cheap valuations), the risk-reward is highly favorable i.e., higher potential upside with lower potential downside risk.

Marketing 52

Marketing Marketing Valuation Retail 52

Brown Advisory

MARCH 30, 2018

However, alongside these positive fundamental trends we also see potential causes for concern—valuation risk, to be sure, but also macroeconomic and geopolitical risks. As always, we want to avoid skewing portfolios toward a specific market scenario, because we can’t accurately predict which scenario will come to pass.

Asset Allocation 52

Asset Allocation Portfolio Assets Valuation 52

Validea

APRIL 1, 2024

While there is no single universally accepted definition, most quality-focused investors look at factors such as: The Definition of Quality Return on Invested Capital (ROIC): This measures how efficiently a company generates returns on the capital it deploys. So what exactly constitutes a “high quality” company?

Investing 52

Investing Investments Pharmaceutical Portfolio 52

Brown Advisory

JUNE 3, 2015

In many clients’ portfolios we have eliminated our overweight position in U.S. equity market: A comparatively quick interest rate increase counteracts the benefit from stronger economic growth, impairing profitability and valuations. Concern about future economic growth undermines valuations. Impact on U.S. Impact on U.S.

Valuation 52

Valuation Economy Banking Economics 52

Brown Advisory

APRIL 12, 2023

Large-Cap Sustainable Growth Strategy: Reporting on the impact of our investment decisions 2022 ajackson Wed, 04/12/2023 - 09:56 A Letter of Introduction From The Portfolio Managers Since launching this strategy more than 13 years ago, the demand for information on ESG, impact, and sustainability has risen dramatically.

Investing 52

Investing Investments Portfolio Management Portfolio 52

Brown Advisory

APRIL 12, 2023

2022 Impact Report: Large-Cap Sustainable Growth Strategy ajackson Wed, 04/12/2023 - 09:56 A Letter of Introduction From The Portfolio Managers Since launching this strategy more than 13 years ago, the demand for information on ESG, impact, and sustainability has risen dramatically. and Brown Advisory Trust Company of Delaware, LLC.

Portfolio Management 52

Portfolio Management Portfolio Investing Investments 52

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. We do not take an exclusionary approach at Brown Advisory andinstead build portfolios from the bottom up. Source: FactSet.

Portfolio 52

Portfolio Valuation Investing Investments 52

The Big Picture

FEBRUARY 28, 2023

Tell us a little bit about the giant portfolio of companies you guys are managing. So we manage a portfolio of several dozen companies. When you add together all of our portfolio companies, it’s effectively $100 billion enterprise — RITHOLTZ: Wow. You sit on the board of directors on a number of portfolio companies.

Investments 147

Investments Investing Clients Assets 147

Brown Advisory

JUNE 24, 2019

As we discuss in this article, we believe that credit naturally plays a complementary role with equities in portfolios, and that this pairing can be particularly fruitful during cyclical downturns. In some situations, we may be looking to bolster portfolio stability to counteract potential macro or sector-specific headwinds.

Investing 52

Investing Investments Valuation Portfolio 52

Brown Advisory

JUNE 24, 2019

As we discuss in this article, we believe that credit naturally plays a complementary role with equities in portfolios, and that this pairing can be particularly fruitful during cyclical downturns. In some situations, we may be looking to bolster portfolio stability to counteract potential macro or sector-specific headwinds.

Investing 52

Investing Investments Valuation Portfolio 52