Remove Math Remove Numbers Remove Taxes Remove Valuation
article thumbnail

Weekly Market Insights – January 8, 2024

Cornerstone Financial Advisory

The interactive tax assistant tool can also help to determine your filing status and any relevant credits you should (or should not) claim. Math errors: Simple addition and subtraction mistakes can delay your return. Consider using electronic filing software that does the math automatically to avoid mistakes. What is it?

article thumbnail

Global Leaders Strategy Investment Letter: January 2024

Brown Advisory

We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. Both types of error are due to a combination of either mis-assessing the business quality or its valuation (or both). nor on valuation and IRR in order to avoid type 1 errors of inclusion.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transcript: Graeme Forster, Orbis Investments

The Big Picture

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. Graham Foster] : 00:02:54 That was a number, that was number theory, pure number theory. It gets further and further away the D P U go.

Investing 130
article thumbnail

Transcript: Greg Davis, CIO Vanguard

The Big Picture

And it worked out and had multiple job offers coming out of school from a number of different insurance companies. I had a number of relationships that I built up and had another job lined up in New York City. Also being cognizant of the tax implications of trading activity. I thought that was a really interesting story.

Portfolio 130
article thumbnail

Transcript: Julian Salisbury, GS

The Big Picture

He co-chairs a number of the asset management investment committees. So how do you then go from tax and audit practice to finance and investing? So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. What can I say about Julian Salisbury?

Assets 286
article thumbnail

Global Leaders Investment Letter: June 2022

Brown Advisory

We remain highly dubious of price-to-earnings ratios as a proxy for value given earnings can be distorted by “creative” accounting and the measure embeds a range of factors into a single number. By this valuation method, the portfolio cashflow duration is in the 16 to 17-years range. We inherently prefer actual cash flow.

article thumbnail

Transcript: Ted Seides

The Big Picture

Or at least the top, pick a number, 30, 40%. So for a taxable investor, hedge funds generally aren’t tax efficient. And when you look at the assets that are invested, the three trillion in hedge funds, I would guess that north of 90% of that are in institutions that don’t pay taxes. I don’t remember the number.