Remove Financial Advising Remove Numbers Remove Taxes Remove Valuation
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Tuesday links: a complete transformation

Abnormal Returns

ft.com) Venture Tomasz Tunguz, "The bid/ask spread in VC is the difference between the post-money valuation between a VC (the bidder) & a company (seller)." wsj.com) Economy There is a record number of housing units currently under construction. abnormalreturns.com) Adviser links: estate tax intricacies.

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Thursday links: the cause of bubbles

Abnormal Returns

howardlindzon.com) Private assets Why private equity needs much better valuations. axios.com) Funds Tax efficiency is the secret sauce of ETFs. apricitas.io) There are a near-record number of housing units currently under construction. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking?

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Monday links: sudden reversals

Abnormal Returns

wsj.com) Taxes on share buybacks are a speed bump. axios.com) Job number one for CEOs is capital allocation. capitalgains.thediff.co) Startups How increased regulatory risk is affecting startup valuations. econbrowser.com) Earlier on Abnormal Returns Adviser links: asking good questions.

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Saturday links: everyone you meet

Abnormal Returns

marketwatch.com) Food The numbers show no-till farmland is more highly valued. sciencedaily.com) The case for raising taxes on alcohol to reduce alcohol-related deaths. sportico.com) Dedicated sports funds could further boost sports club valuations. (washingtonpost.com) Seriously, just go to sleep.

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Global Leaders Strategy Annual Investment Review: January 2023

Brown Advisory

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.