The Big Picture

DECEMBER 19, 2023

There are about 13 different portfolio managers each focused on a different sub-sector. And when they look at a sector, they want to be long, the very best stocks at the best valuations they can, and short the worst stocks at the worst valuations. You have 13 portfolio managers plus including you and Carl.

Healthcare 162

Healthcare Portfolio Management Investing 162

Brown Advisory

APRIL 1, 2015

In Engines That Move Markets, a 2002 book about the cycles of technology investing, Alasdair Nairn defines “bubbles” as periods when investors appear to suspend rational valuation, much as they had during the dotcom craze shortly before the book was published. Unsurprisingly, as volume has increased, so have valuations.

Investing 52

Investing Investments Valuation Assets 52

The Big Picture

JANUARY 21, 2025

I did it in 2000, 2002. I think it’s very hard to say stocks are objectively cheap because all of these valuation metrics have, have become unreliable over the decades as the nature of the stock market has changed. 01:04:39 [Speaker Changed] I think it was the Journal of Portfolio Management.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

DECEMBER 12, 2023

00:44:11 [Speaker Changed] Kathy would may have her own valuation, so, but I can’t replicate it myself. 00:49:30 [Speaker Changed] I bought it around 2000 and it crashed around 2002. Why is there such a spread between US domestic and overseas companies in terms of you’re a value investor in terms of straight up valuation?

Management 264

Management Investing Investments Retail 264

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 298

Valuation Education Numbers Government 298

The Big Picture

MAY 21, 2024

I graduated Columbia 2002, and I’m the only person I know who stayed in the same job for the last 23 00:08:35 [Speaker Changed] Years. And one of the worst performing factors has been valuation. And I think that’s wrong because valuation does matter. But it’s, it’s sort of strange.

Numbers 147

Numbers Management Banking Marketing 147