Abnormal Returns

OCTOBER 31, 2022

allstarcharts.com) And valuations are still attractive. economist.com) With economic sanctions in place, it's back to the future for the Russian auto industry. fortune.com) Economy Three things that are dampening economic pain, including remote work. newsletter.abnormalreturns.com) Mixed media Five insights from Jonathan D.

Financial Advising 229

Financial Advising Media Valuation Retail 229

Abnormal Returns

AUGUST 6, 2023

Markets Cullen Roche, "This has been one of the more fascinating years in economic and market history." michaelparekh.substack.com) Venture capital Q2 2023 startup data from AngelList show median valuations back to pre-pandemic levels. should let China continue to shoot itself in the (economic) foot. nytimes.com) Why the U.S.

Financial Advising 238

Financial Advising Startup Economics Valuation 238

The Big Picture

JUNE 20, 2024

I wanted to pop out of hiding to share a few charts/tables that should raise your confidence levels that — despite media coverage to the contrary — we are not on the verge of collapse. Making good progress on the book, about 60-70% finished (I feel good about it). The table above shows the major market peaks going back to 1990.

Marketing 190

Marketing Marketing Valuation Media 190

Abnormal Returns

JANUARY 10, 2024

(entrylevel.topdowncharts.com) Strategy 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' realreturns.blog) Lessons learned from markets in 2023 including 'Years like 2023 are why investors should not put much weight into market or economic predictions.' wired.com)

Financial Advising 167

Financial Advising Valuation Banking Media 167

Abnormal Returns

MARCH 20, 2024

marginalrevolution.com) Finance Private equity is stuck between elevated valuations high interest rates and a moribund IPO market. reuters.com) Economy By any reasonable measure, the average American is better off economically than they were four years ago. spyglass.org) This is Apple's ($AAPL) brand promise. ofdollarsanddata.com)

Financial Advising 186

Financial Advising Startup Valuation Economy 186

Abnormal Returns

JUNE 25, 2023

riabiz.com) Companies Nvidia's ($NVDA) valuation has gotten ahead of itself. econbrowser.com) The economic schedule for the coming week. newsletter.abnormalreturns.com) Mixed media Why your brain tricks you into thinking things are getting worse. (awealthofcommonsense.com) Crypto Bitcoin had a good week.

Financial Advising 213

Financial Advising Valuation Retail Media 213

Abnormal Returns

AUGUST 9, 2023

axios.com) Venture capital Why more markdowns are coming to venture capital portfolio valuations. awealthofcommonsense.com) Base effects matter when analyzing economic data. newsletter.abnormalreturns.com) Mixed media Junior consultants are sitting on the beach. (bloomberg.com) In China, new EVs are now cheaper to buy than ICEs.

Financial Advising 185

Financial Advising Economy Valuation Consulting 185

Abnormal Returns

DECEMBER 28, 2022

tomtunguz.com) Instacart continues to slash its valuation. calculatedriskblog.com) Indicators show the economic cycle is maturing, but not yet in recession. newsletter.abnormalreturns.com) Mixed media All the players wanting to become the new Twitter. (cnn.com) Big Tech is set to cut costs (and jobs) in 2023.

Financial Advising 202

Financial Advising Valuation Media Economy 202

The Big Picture

JANUARY 30, 2023

( Financial Times ) • How Cash-Needy Private Companies Are Avoiding Dreaded Down Rounds : Few rules govern private markets, but some companies’ confidential maneuvers to bypass a valuation hit could raise eyebrows. Daring Fireball ) • There’s No Quick Fix for Social Media : Ignore the simplistic slogans. One hadn’t noticed.

Government 273

Government Valuation Media Banking 273

Abnormal Returns

FEBRUARY 16, 2023

(howardlindzon.com) Private assets Why private equity needs much better valuations. bloomberg.com) Economy What does a 'no landing' economic scenario look like? newsletter.abnormalreturns.com) Mixed media Seth Godin, "Lossy compression is forever. ft.com) Why where investors mark the portfolios can be all over the place.

Financial Advising 144

Financial Advising Engineering Valuation Retail 144

Abnormal Returns

JANUARY 18, 2023

institutionalinvestor.com) Startup valuations trended down in the second half of 2022. angellist.com) Economic uncertainty is not slow the pace of investment at Brookfield Infrastructure Partners ($BIP). Then check out our (newsletter.abnormalreturns.com) Mixed media How to use Substack to write a book and bypass the publishing houses.

Financial Advising 130

Financial Advising Startup Wealth Management Valuation 130

Abnormal Returns

JULY 20, 2023

Strategy Why stock market valuations are logically higher today than they were in the past. marketwatch.com) What's driving economic pessimism? newsletter.abnormalreturns.com) Mixed media Not everyone in the C-suite wants to return to the office. ofdollarsanddata.com) Why compounding is still unheralded. wsj.com) The U.S.

Financial Advising 130

Financial Advising Valuation Media Economy 130

Abnormal Returns

JUNE 11, 2023

wsj.com) How a seed investor approaches valuation discussions. axios.com) The economic schedule for the coming week. newsletter.abnormalreturns.com) Mixed media AI is going to create a cognitive burden on all of us. (om.co) Twitter really hates paying its bills. hunterwalk.com) Focus matters for VCs.

Financial Advising 130

Financial Advising Startup Budgeting Valuation 130

The Big Picture

APRIL 24, 2023

It is a meaningless, media-creation fiction, a rule of thumb with no evidence showing it to be significant 1 (beyond the fact we have that many fingers and toes). They all have different sensitivities to economic factors like trade, inflation, commodities, and growth. Note we have not even referencing the valuation debate.

Economics 294

Economics Portfolio Valuation Marketing 294

The Big Picture

JULY 21, 2023

History shows that we don’t have to be satisfied with the economic and intellectual limits of the age in which we live ( Discourse ) • The Best Way to Save American Lives on the Road : France, unlike America, but like almost every other rich country on earth, has worked out how to make its roads safer. Don’t buy it. Don’t buy it.

Engineering 239

Engineering Valuation Communication Media 239

Abnormal Returns

NOVEMBER 5, 2022

axios.com) On the economics of building a new gasoline station. bonappetit.com) Media Why Warner Bros. huddleup.substack.com) The average NHL franchise has topped the $1 billion valuation mark. newsletter.abnormalreturns.com) Mixed media NASA touts the economic impact of space spending.

Financial Advising 130

Financial Advising Media Economics Food 130

Investing Caffeine

JUNE 3, 2024

Bad economic news turned out to be good news for stocks. This time around, good economic news meant bad news for stock prices, primarily because the Federal Reserve was slamming the brakes on the economy by increasing the Federal Funds interest rate target. The S&P 500 surged +16.3% (see chart below). What did the stock market do?

Risk Tolerance 52

Risk Tolerance Economics Economy Asset Allocation 52

Bell Investment Advisors

AUGUST 2, 2023

Bureau of Economic Analysis showed the domestic economy grew at an inflation-adjusted pace of 2.4% The most economically sensitive industries saw the strongest stock price gains. The low interest rates that justified higher stock valuations are not so low anymore. Part of that answer can be found in the strength of the U.S.

Economy 52

Economy Investment Advisor Valuation Economics 52

Validea

SEPTEMBER 16, 2022

In one high-profile example, the South African-based Naspers reduced much of its stake in the gaming and social media company Tencent, selling off 1.1 Many early backers of some of China’s most successful tech companies are starting to withdraw their support, according to an article in Forbes.

Valuation 59

Valuation Economics Media Government 59

Cornerstone Financial Advisory

APRIL 3, 2023

Inflation Grinds Lower I n an otherwise news-light week, Friday saw the release of February’s personal income and outlays report, which provides insight into inflation and consumer expenditures, the dominant contributor to economic growth. 4 This Week: Key Economic Data Monday: Institute for Supply Management (ISM) Manufacturing Index.

Marketing 59

Marketing Marketing Taxes Economics 59

Investing Caffeine

NOVEMBER 1, 2021

With the COVID Delta variant subsiding ( see chart below ), economic activity rising ( Q4 GDP is estimated at +4.8% ), and corporate profits going gang busters (33% growth and 84% of corporations are beating Q3 estimates ), it should come as no surprise that stock market values continue to rise. this month (+22.6%

Government 52

Government Valuation Economics Investing 52

Cornerstone Financial Advisory

AUGUST 22, 2022

Despite the week’s losses, stocks exhibited resiliency in the face of a string of troubling economic news that included flat retail sales, weak housing numbers, an inversion in the yield curve, and tepid economic data out of China. This Week: Key Economic Data. The market rally that began in mid-June paused last week.

Marketing 59

Marketing Marketing Economics Taxes 59

Abnormal Returns

SEPTEMBER 1, 2024

wsj.com) Good luck trying to time the stock market using valuation metrics. econbrowser.com) The economic data through July were largely positive. apolloacademy.com) The economic schedule for the coming week. newsletter.abnormalreturns.com) Mixed media Why Americans have seemingly stopped moving. businessinsider.com)

Financial Advising 232

Financial Advising Valuation Economy Economics 232

David Nelson

MAY 15, 2023

Bubbles can last a long time The good news is that these technological achievements can drive investments and economic activity for long periods of time. In the months to come those numbers will rocket higher as the media and CEOs push the technology as the next big thing. I know what you’re saying. It can’t be done.

Valuation 59

Valuation Communication Medicine Investing 59

Brown Advisory

NOVEMBER 1, 2023

In fact, I received an excellent reminder about low-basis gifting strategies (the topic we are addressing today) , from a story about one Jimmy McDonald—aka MrBeast, the reigning king of the world’s biggest social media empire. There are other ways to generate valuation discounts through indirect gifting strategies.

Accounting 52

Accounting Taxes Assets Clients 52

The Big Picture

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. But generally starts with the economic cycle. Where are you in the economic cycle? I, I love that area.

Valuation 157

Valuation Clients Investing Investments 157

Brown Advisory

DECEMBER 14, 2017

They have attracted attention as a group—as a success story and, more recently, as a target of skeptics— but these companies have far less in common than the “FANG” acronym and associated media coverage suggest. Investors also tend to naturally focus their valuation fears on big, rapidly growing stocks.

Valuation 52

Valuation Advertising Clients Investing 52

Brown Advisory

DECEMBER 14, 2017

They have attracted attention as a group—as a success story and, more recently, as a target of skeptics— but these companies have far less in common than the “FANG” acronym and associated media coverage suggest. Investors also tend to naturally focus their valuation fears on big, rapidly growing stocks.

Valuation 52

Valuation Advertising Clients Investing 52

Brown Advisory

JULY 22, 2020

Though China’s on-ramp to economic prosperity was cheap labor and manufacturing, its government set ambitious goals to move up the value chain and become a global leader in technology. In a relatively short period of time, China has become an enormous market for social media, mobile transactions, AI, and more. processed $2.2

Startup 52

Startup Government Manufacturing Clients 52

Brown Advisory

JULY 22, 2020

Though China’s on-ramp to economic prosperity was cheap labor and manufacturing, its government set ambitious goals to move up the value chain and become a global leader in technology. A 2016 study from the World Economic Forum showed that China now produces more STEM graduates each year than any other country—4.7 processed $2.2

Startup 52

Startup Government Manufacturing Clients 52

Abnormal Returns

AUGUST 17, 2023

finance.yahoo.com) Markets Valuations don't matter in the short term. morningstar.com) Economy Any single economic data point is filled with noise. newsletter.abnormalreturns.com) Mixed media Why does Elon Musk get away with it all? Rates Mortgage rates are at levels not seen since 2001. fortune.com)

Financial Advising 228

Financial Advising Valuation Manufacturing Media 228

WiserAdvisor

FEBRUARY 14, 2024

Sneakers from high-end brands are considered highly coveted and sought after for many reasons, such as popularity, social media influence, celebrity preference, and more, ultimately leading to a substantial increase in their market value. eSports had a valuation of $1.45 billion in 2022 and is projected to grow to 6.75 billion by 2030.

Investing 59

Investing Investments Retail Banking 59

Brown Advisory

SEPTEMBER 3, 2015

China’s plummeting stock prices, slowing economic growth and currency volatility have pushed many investors out of the market. Behind the change in investor sentiment lies deteriorating economics in China. Economic recoveries usually feature a surge in consumption as employment and wages rebound. Dream or Opportunity?

Insurance 52

Insurance Portfolio Management Clients Government 52

Brown Advisory

JUNE 19, 2019

With the daily stream of “7th inning” and “fourth quarter” articles about the current economic cycle, it is hard to avoid warnings in the media about the potential for a downturn and/or recession. Late-Cycle Investing: MBS Offer Attractive Income and Downside Protection. Wed, 06/19/2019 - 09:00. Downside Protection From Fixed Income.

Investing 52

Investing Investments Clients Government 52

Abnormal Returns

OCTOBER 16, 2022

(ritholtz.com) Why you shouldn't make big changes to your portfolio based on economics. on.ft.com) Companies Instacart keeps slashing its valuation in anticipation of an IPO. stayathomemacro.substack.com) The economic schedule for the coming week. nytimes.com) Boosters Americans are uninterested in the new bivalent boosters.

Financial Advising 197

Financial Advising Portfolio Valuation Economy 197

Mr. Money Mustache

MAY 20, 2022

Which has in turn triggered the more skittish stock investors to run for the exits and completely change their view of our economic future, flooding the financial news with red ink and scary headlines. Now that we’ve covered the background, we can get into some better news: This is all a normal, healthy part of the economic cycle.

Marketing 53

Marketing Marketing Retirement Investing 53

The Big Picture

DECEMBER 5, 2023

So, so let’s talk a little bit about your, your background ba in economics from Dartmouth. How, how are the higher rates affecting valuations amongst private companies? 00:37:43 [Speaker Changed] So there’s two issues that are affecting valuations. The auditors look at those valuations. You get a Stanford MBA.

Investing 173

Investing Management Investments Numbers 173