2003, Economics and Valuation - Financial Advisor Source

Strategy of the Week: Ben Graham Value Investor Model

Validea

MARCH 13, 2025

His model is both conservative and disciplined, focusing on balance sheet strength and attractive valuations. Low Debt Levels (Long-Term Debt Net Current Assets) Limiting debt helps safeguard a companys financial health, especially during economic downturns. Example : A P/B ratio of 1.3 combined with a P/E of 11.1

Valuation

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Small Cap Value: Waiting for the Jumpstart

Validea

SEPTEMBER 6, 2023

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — Over the past few weeks, I’ve seen a number of charts highlighting the opportunity in small-cap stocks given their absolute and relative valuations. The chart below, also from our market valuation tool, compares small cap value to large cap growth stocks. Only 12.4%

Valuation

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Transcript: Mike Wilson, Morgan Stanley

The Big Picture

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. But generally starts with the economic cycle. Where are you in the economic cycle? I, I love that area.

Valuation

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Recency Bias!!!

Walkner Condon Financial Advisors

FEBRUARY 6, 2024

As these tables can take a while to be published or readily available, let’s for now break the past twenty years of available market data into two 10-year periods: 2003-2012 and 2013-2022. In the more recent decade not including 2023 (2003-2012), U.S. During the 2003-2012 period, U.S. Large Cap, Developed ex-U.S.

Assets

Assets Investing Investments Marketing

Transcript: Edward Chancellor

The Big Picture

NOVEMBER 8, 2022

CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. And so, Crispin and I were having lunch in late 2003.

Banking

Banking Valuation Economy Investing

Manager Q&A: Mick Dillon and Bertie Thomson, Global Leaders Strategy

Brown Advisory

AUGUST 25, 2017

Manager Q&A: Mick Dillon and Bertie Thomson, Global Leaders Strategy achen Fri, 08/25/2017 - 11:34 Indeed a host of macro-economic and political events have impacted global markets since Mick Dillon and Bertie Thomson launched the Brown Advisory Global Leaders strategy. 6th Edition, 2015. 6th Edition, 2015.

Management

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Manager Q&A: Mick Dillon and Bertie Thomson, Global Leaders Strategy

Brown Advisory

AUGUST 25, 2017

Indeed a host of macro-economic and political events have impacted global markets since Mick Dillon and Bertie Thomson launched the Brown Advisory Global Leaders strategy. Companies generating ROIC of 25%+ in 2003 sustained that level a decade later 83 percent of the time. Fri, 08/25/2017 - 11:34. src="[link] />?. src="[link] />?.

Management

Management Valuation Financial Services Investing

Inflation and Rising Rates Supported Value in 2022 | Weekly Market Commentary | November 14, 2022

James Hendries

NOVEMBER 15, 2022

Since then, value has outperformed growth for the longest sustained period since 2003–2007. The monetary factor is the factor we are focused on, as the two periods of sustained value outperformance in the last 20 years (now, and 2003-2007) coincide with the last two periods when both market interest rates (measured by the 10-year U.S.

Marketing

Marketing Marketing Asset Allocation Valuation

Global Leaders Investment Letter: January 2021

Brown Advisory

JANUARY 1, 2021

When does crowd psychology take hope for economic return beyond what valuation can support? And why do markets irregularly detach fundamentals from valuation to their own detriment? Or is it a convenient way to measure the relative economic value created between our starting and end points? What does this actually mean?

Investing

Investing Investments Valuation Economics

Transcript: Mike Green, Simplify Asset Management

The Big Picture

AUGUST 20, 2024

And so in the 1990s, I developed the, the late 1980s, early 1990s, I developed a skillset around valuation, in particular discounted cash flow or residual income type models, along with a couple of peers out of the consulting industry. It pushes valuations higher over time. 00:04:02 That’s what value add software was originally.

Assets

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Transcript: Jawad Mian

The Big Picture

JULY 24, 2023

The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. The second, and what’s interesting about that period, is the fact that valuations actually peaked in 1961. MIAN: Valuations are ebb and flow. Legal immigration has been trending lower since the Gulf War in 2003.

Marketing

Marketing Marketing Economy Valuation

Markets, Inflation, & the Fed

Bell Investment Advisors

MAY 24, 2024

On Friday, May 24 th at 12pm Pacific time, Investment Advisor & Financial Planner Laurent Harrison, CFP® joined Bell Portfolio Manager Ryan Kelley, CFA® for an engaging discussion of the following topics: Stock & Bond Market Commentary Global Economic Update Inflation Concerns & the Federal Reserve Are Stocks Expensive?

Marketing

Marketing Marketing Economy Financial Planner

Reflections for Five Years of Global Leaders

Brown Advisory

MAY 12, 2020

Breadth of research is an important aspect of this analysis, and where possible, we spend as much time as we can with competitors, customers and suppliers assessing how wide each company’s economic moat is. We aren’t looking for companies that simply provide good outcomes resulting in a relative competitive strength. 6th Edition, 2015.

Investing

Investing Investments Clients Portfolio

Reflections for Five Years of Global Leaders

Brown Advisory

MAY 12, 2020

Breadth of research is an important aspect of this analysis, and where possible, we spend as much time as we can with competitors, customers and suppliers assessing how wide each company’s economic moat is. S&P 500® Index, ROIC, 2003-2013 Data based on a McKinsey & Company study, “Valuation: Measuring and Managing the Value of Companies”.

Investing

Investing Investments Clients Portfolio

R K Swamy IPO Review – Financials, GMP and More

Trade Brains

MARCH 1, 2024

It conducted the Indian Readership survey for 10 years from 2003 – 2012, covering over 20 Lakh in-person interviews. Lakh Cr by FY28 on account of broader economic recovery and due to the shift towards digital advertising and spending, as internet subscribers rise. The IPO valuation also seems expensive at the PE of 40x.

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Advertising Communication Media Clients

Investment Perspectives - The Great Debate

Brown Advisory

JUNE 21, 2017

Investment Perspectives - The Great Debate achen Wed, 06/21/2017 - 12:35 Aside from some current political and economic topics that dominate the financial media, the most widely debated investment issue today involves the merits of passive investing, or indexing. Reasons for this tendency are varied.

Investing

Investing Investments Portfolio Management

Investment Perspectives - The Great Debate

Brown Advisory

JUNE 21, 2017

Aside from some current political and economic topics that dominate the financial media, the most widely debated investment issue today involves the merits of passive investing, or indexing. It underperformed primarily during very strong markets, as might be expected given its discipline with regard to valuations.

Investing

Investing Investments Portfolio Management

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

Brown Advisory

JUNE 1, 2023

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.

Portfolio

Portfolio Valuation Investing Investments

ESG and the Stock-Picker’s Dilemma

Brown Advisory

SEPTEMBER 22, 2017

While these efforts are valuable – they may eventually lead to well-defined ESG factors that resonate with economic principles – it is easy to forget that they cannot prove whether "ESG investing" can be a source of market-independent returns, or alpha. Resource and Energy Economics 41:103-121. Available from [link]. Douglas, E.,

Portfolio

Portfolio Investing Investments Management

ESG and the Stock-Picker’s Dilemma

Brown Advisory

SEPTEMBER 22, 2017

While these efforts are valuable – they may eventually lead to well-defined ESG factors that resonate with economic principles – it is easy to forget that they cannot prove whether "ESG investing" can be a source of market-independent returns, or alpha. Resource and Energy Economics 41:103-121. Available from [link]. Douglas, E.,

Portfolio

Portfolio Investing Investments Management

Worst Performing Stocks in India For 5 Years!

Trade Brains

MAY 6, 2023

Yes Bank was founded in 2003 by Rana Kapoor and Ashok Kapur. Worst Performing Stocks in India – Jet Airways All of us remember flying in this economical airline. Worst Performing Stocks in India – Yes Bank The story of Yes Bank is the perfect example of a success story gone wrong in the banking industry.

Banking

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Transcript: Joel Tillinghast, Fidelity

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. 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? That’s the value that I am looking for. So you could definitely bury that.

Management

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Transcript: Sean Dobson, Amherst Holdings

The Big Picture

MARCH 12, 2024

So that little detour was in 2003. So think about 2003 home prices had gone up a lot from 2000. So mortgage position in 2000 were way more valuable in 2003 than they were when they originated because they weigh less credit risk. Barry Ritholtz : Most people rarely hear it described that way.

Banking

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Transcript: Apollo’s Torsten Slok

The Big Picture

FEBRUARY 4, 2025

WA was the career plan, always economics and finance. And I studied economics in university. And I spent a year in Princeton in the economics department in 95, 96 when Ben Panke was the chairman of the economics department. I’m curious how different studying economics is in Denmark versus United States.

Economy

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Financial Advisor Source

Strategy of the Week: Ben Graham Value Investor Model

Small Cap Value: Waiting for the Jumpstart

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