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Making More From Less

Brown Advisory

The directors at many nonprofits today are finding that, by some measures, working for the common good has never been so tough. The budget gap for nonprofits has widened because of a slump in their three sources of funds—donations, grants and portfolio returns. Making More From Less. Tue, 11/29/2016 - 14:44.

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Transcript: Jeffrey Becker, Jennison Associates Chair/CEO

The Big Picture

We learned everything, you know, across from accounting to auditing to, to tax and valuation. I ended up in what was called the valuation services group, where we valued real estate and businesses either for transactions or for m and a activity. You know, in those days these companies hired, you know, crops of undergrads.

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Transcript: Heather Brilliant, Diamond Hill

The Big Picture

But there’s always gotta be some element of the valuation really being compelling. But even in the book I wrote in 2014, you could see that the focus on competitive advantage can never be absolute, you always have to take valuation into consideration. But maybe second to valuation as a primary consideration.

Investing 147
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The Martin Zweig Growth Strategy: Finding High-Quality Growth Stocks

Validea

He looked for stocks with: Persistent earnings growth at a moderate to high rate Earnings growth supported by revenue growth, not just cost-cutting Accelerating earnings Reasonable valuations relative to growth rates Insider buying and low debt Zweig was also a strong believer in the importance of overall market trends.

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Good Preparation Leads to a Good Audit Experience: What to Expect from Your Investment Advisor

Brown Advisory

Explain the timing difference and cutoff on valuations. An auditor is often most concerned with point-in-time valuations and keenly focused on financial controls, especially the nuances of the accounting rules regarding liquidity (e.g. Define the type of investments involved, (e.g., bonds, stocks, mutual funds, limited partnerships).

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Transcript: John Montgomery, Bridgeway Capital Management

The Big Picture

We want to donate half of our profits to nonprofit organizations. I mean, and I immediately got the 80 20 rule. 00:04:40 [Speaker Changed] So you’ve previously discussed the epiphany you had at Harvard Business School. That’s when you launched where you launched. Tell us where that idea came from.

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Introducing the Brown Advisory U.S. Large-Cap Sustainable Value Strategy

Brown Advisory

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.