Brown Advisory

SEPTEMBER 12, 2016

Private Credit Outshines Many High-Valuation Stocks, Bonds. With interest rates at record lows and many publicly traded bonds and stocks approaching historically high valuations, private credit has become increasingly attractive to investors because of its total return prospects, steady income and role in diversification.

Valuation 52

Valuation Portfolio Banking Communication 52

Trade Brains

APRIL 9, 2023

We will cover different types of ratios like valuation ratios, profitability ratios, liquidity ratios, efficiency ratios, and debt ratios. Valuation ratios are relative and are generally more helpful in comparing the companies in the same sector (apple to apple comparison). EV/EBITDA This is a turnover valuation ratio.

Valuation 98

Valuation Assets Sales Numbers 98

The Big Picture

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 289

Valuation Education Government Numbers 289

Truemind Capital

JANUARY 24, 2024

Short-termism or myopic thinking refers to making decisions based on what is happening at present instead of taking a longer-term view of future prospects. Buying/selling a stock based on current news : Investment decisions should never be based on the breaking news but always on the long-term business fundamentals and valuations.

Fee Only 52

Fee Only Valuation Investing Investments 52

Random Roger's Retirement Planning

DECEMBER 16, 2022

The 4% rule of course refers to the percentage that can be safely withdrawn from portfolio assets for a sustainable retirement (not running out of money). The 4% has always made sense to me as a frame of reference but I have repeatedly crapped all over the "increase that amount by the rate of inflation" for a couple of reasons.

Retirement 60

Retirement Retirement Planning Healthcare Numbers 60

Walkner Condon Financial Advisors

FEBRUARY 24, 2022

A drop of more than 20% is referred to as a bear market. This helps to illustrate the fact that market corrections are common over most periods of time and should be viewed as the market resetting stock valuations back to a more fundamental level. What is a Market Correction?

Marketing 52

Marketing Marketing Valuation Risk Tolerance 52

Discipline Funds

SEPTEMBER 22, 2023

This refers to the strategy where you just move everything into T-Bills and “chill” 1 This move sounds increasingly enticing. These are the highest rates we’ve seen since the mid-2000s so it’s a welcome change from the 10 years of ZIRP (zero interest rate policy). After all, 5.5%

Portfolio 126

Portfolio Assets Insurance Investing 126

James Hendries

JANUARY 13, 2023

economy to avoid recession, and support above-average valuations. The relationship between inflation and stock valuations is a strong one, as shown in Figure 2 , which meant the market could no longer support price-to-earnings (P/E) ratios over 20 (the same goes for the relationship between interest rates and stock valuations).

Marketing 52

Marketing Marketing Valuation Asset Allocation 52

Validea

APRIL 19, 2024

The “Magnificent 7” refers to a group of seven elite large-cap technology companies that have delivered outstanding long-term returns and growth. These companies have come to dominate the U.S. stock market, making up over 25% of the S&P 500 by market capitalization.

Manufacturing 52

Manufacturing Sales License Economy 52

Harness Wealth

MARCH 3, 2023

A Stripe liquidity event is coming Rumors of a Stripe IPO began circling in 2021, after a $600 million Series H financing round pushed the company’s valuation to a massive $95 billion. Stripe’s internal valuation, for tax purposes, is officially measured by something called Section 409A of the United States Internal Revenue Code.

Taxes 52

Taxes Valuation Startup Sales 52

James Hendries

OCTOBER 25, 2022

The three factors for defining a recession are depth, diffusion, and duration – conveniently referred to as the “three D’s.” Depth refers to declining economic activity that is more than a relatively small change. References to markets, asset classes, and sectors are generally regarding the corresponding market index.

Marketing 52

Marketing Marketing Economics Economy 52

James Hendries

AUGUST 23, 2022

References to markets, asset classes, and sectors are generally regarding the corresponding market index. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. All index data from FactSet.

Marketing 98

Marketing Marketing Sales Economy 98

James Hendries

JULY 6, 2022

While we acknowledge that a V-shaped recovery is probably not in the cards and prior valuation targets no longer appear achievable, we remain constructive on equities for the second half, but not complacent. Remember stock valuations are inversely correlated to inflation and interest rates. So a P/E over 20 is probably too rich.

Marketing 52

Marketing Marketing Valuation Economy 52

Truemind Capital

JUNE 30, 2022

However, we can think of three possible scenarios ahead: Irrespective of what scenario will pan out, equity valuations inevitably have to adjust according to the principle of mean reversion. Therefore, we are at a crossroads, and it’s very difficult to figure out the way forward.

Asset Allocation 52

Asset Allocation Marketing Marketing Valuation 52

James Hendries

MARCH 13, 2023

However, the pressure on valuations from higher interest rates, which have made bonds attractive alternatives, led to the Committee’s recent decision to reduce the size of the overweight from 5 points to 3. But valuations strongly favor value over growth. The S&P 600 small cap index has returned about 1.5%

Assets 52

Assets Marketing Marketing Asset Allocation 52

James Hendries

JULY 21, 2022

Lower inflation tends to bring higher valuations (Fig.1). The market clearly does not expect 8 – 9% inflation to persist based on current stock valuations, but whether inflation eventually settles at 3% or 4% will go a long way toward determining how much higher stock valuations can go from current levels. If the U.S.

Management 52

Management Marketing Marketing Valuation 52

James Hendries

AUGUST 5, 2022

Market-based interest rates—those not controlled by the Fed—have come down quite a bit, supporting stock valuations. But we believe the combination of low valuations, lower interest rates, prospects for inflation reducing, and the possibility that the Fed signals a pause over the upcoming months tip the scales toward the bulls.

Marketing 52

Marketing Marketing Valuation Economy 52

Darrow Wealth Management

SEPTEMBER 7, 2023

Unfortunately, for those tax savings to materialize, the post-IPO stock price at sale must be considerably more than the pre-IPO valuation at exercise. Most companies go public at their highest historical valuation. Please refer to the media page for more information and links to published works.

Wealth Management 94

Wealth Management Taxes Tax Planning Valuation 94

Brown Advisory

OCTOBER 31, 2022

Getting Squeezed from Both Sides Investors are now having to contend with “getting squeezed from both sides,” which refers to the two primary variables that influence equity prices—valuation and earnings. Market Capitalization refers to the aggregate value of a company’s publicly-traded stock. From 9/30/12 to 9/30/22.

Investing 52

Investing Investments Valuation Accounting 52

Random Roger's Retirement Planning

FEBRUARY 9, 2023

He was referring to one of the mutual funds managed by John Hussman. It doesn't look like we're going to get to an extreme panic level for the S&P 500 on this event but as an example, with equities down 40%, you don't need as much protection from gold as when the stock market is at all time highs combined with sky high valuations.

Asset Allocation 66

Asset Allocation Portfolio Assets Numbers 66

Carson Wealth

JULY 6, 2023

Exit Planning Mistake 2: Failing to Conduct a Regular Business Valuation Even when done informally, a business valuation can provide an impartial perspective that will dispel unrealistic expectations of a business’s worth. They can even connect you with sources to provide counsel as you navigate the process.

Planning 52

Planning Valuation Financial Advisor Taxes 52

James Hendries

AUGUST 15, 2022

Market-based interest rates those not controlled by the Fed—have come down quite a bit, supporting stock valuations. But we believe the combination of low valuations, lower interest rates, prospects for lower inflation, and the possibility that the Fed signals a pause over the upcoming months tip the scales toward the bulls.

Clients 52

Clients Marketing Marketing Valuation 52

Brown Advisory

MARCH 31, 2023

Audio Updates: Large-Cap Sustainable Growth Strategy mhannan Fri, 03/31/2023 - 09:58 The strategy seeks to deliver competitive risk-adjusted returns over a full market cycle through a concentrated portfolio of companies that we believe offer durable fundamental strengths, sustainable competitive advantages and compelling valuations.

Clients 52

Clients Portfolio Management Investing Investments 52

The Irrelevant Investor

MAY 6, 2018

By James Mackintosh Investors tend to exhibit an aversion to non-transparent strategies that have significant tracking error to their reference benchmarks. By Corey Hoffstein I try to avoid giving unsolicited advice to billionaires.

Valuation 52

Valuation Retail Portfolio Marketing 52

Brown Advisory

JANUARY 19, 2023

at year-end can largely explain the compression in valuation, especially for higher multiple equities, primarily during the first half of the year. P/E calculations presented use FY2 earnings estimates; FY1 estimates refer to the next unreported fiscal year, and FY2 estimates refer to the fiscal year following FY1. by year-end.

Clients 98

Clients Economy Economics Investing 98

James Hendries

MARCH 6, 2023

Higher interest rates are challenging stock valuations and perhaps pushing the gains further out in 2023, but we still see solid potential for double-digit returns for stocks this year. References to markets, asset classes, and sectors are generally regarding the corresponding market index. All index data from FactSet.

Marketing 52

Marketing Marketing Economy Economics 52

Carson Wealth

JUNE 29, 2023

Most importantly, it identifies existing gaps, such as a profit or value gap, compared to other best-in-class businesses, along with the wealth gap, which refers to the amount the business owner needs to walk away with in order to live the life they envision. Taking the step of business valuation also ensures you are prepared.

Planning 52

Planning Sales Valuation Wealth Advisor 52

James Hendries

OCTOBER 18, 2022

But overall, we would expect modest estimate cuts to be received positively by markets, supported by lower valuations and depressed investor sentiment. rather than 4%) could prop up valuations, stocks will likely take their cues from earnings in the near term. Quincy Krosby , Ph.D. All index data from FactSet.

Marketing 52

Marketing Marketing Valuation Economics 52

Truemind Capital

NOVEMBER 29, 2020

This has resulted in skyrocketing valuations of the stock markets. Nifty currently is trading at a multi-year’s high valuation. Reference: [link]. Abundance of liquidity backed by the Central banks promise of doing whatever it takes has been encouraging speculative behaviour by market participants. K-shape recovery ?

Asset Allocation 52

Asset Allocation Valuation Assets Portfolio 52

Walkner Condon Financial Advisors

FEBRUARY 6, 2024

Sadly, the film doesn’t show the people walking the town square blindly fixated on iPhones or any drones buzzing about, Tesla robots or any internet references (kids apparently still played outside in the 1989 version of 2015). I could pull out some socio-economic Jenga pieces that include the high valuation of the U.S.

Assets 59

Assets Investing Investments Marketing 59

Brown Advisory

DECEMBER 14, 2017

Today, we see this happening with the so-called “FANG” stocks—Facebook, Amazon, Netflix and Google (now Alphabet—for consistency we will refer to the company as Google throughout this piece). 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

Today, we see this happening with the so-called “FANG” stocks—Facebook, Amazon, Netflix and Google (now Alphabet—for consistency we will refer to the company as Google throughout this piece). Investors also tend to naturally focus their valuation fears on big, rapidly growing stocks. False Connections.

Valuation 52

Valuation Advertising Clients Investing 52

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

Clever Girl Finance

AUGUST 2, 2022

Receive a market valuation. The ballpark valuation of your ring will depend on the 4 Cs , which stand for clarity, cut, color and carat. Carat refers to the diamond's weight with a single carat equal to 200 milligrams. Avoid scammers in these ways: Rely on that independent valuation. For example, a Tiffany & Co.

Valuation 59

Valuation Sales Insurance Certification 59

Diamond Consultants

SEPTEMBER 6, 2022

This gives advisors the option of selling at a much higher valuation than the median 8.99x multiple RIAs achieved in 2021, according to Advisor Growth Strategies’ latest The RIA Deal Room survey. A variation involves platform firms that offer “drag along” rights to an RIA should the platform have a liquidity event.

Banking 52

Banking Valuation Retirement Taxes 52

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 Government 52