Remove 2004 Remove Taxes Remove Valuation
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Joel Greenblatt’s Magic Formula: Combining Value and Quality

Validea

It is calculated by dividing a company’s after-tax operating profit by its invested capital. He back tested the strategy from 1988 to 2004 and found that a portfolio of the top 30 magic formula stocks, rebalanced annually, would have returned 30.8% per year on average, compared to 12.4% Michelle Wine Estates. AutoNation, Inc. (AN)

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EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks

Brown Advisory

Throughout this period, we often saw windows in which we believed that European valuations were more attractive, but we were cautious due to Europe’s high debt levels and struggles to generate economic growth. stocks since the middle of 2004. is not particularly notable. European stocks have traded at lower P/E ratios than U.S.

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EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks

Brown Advisory

Throughout this period, we often saw windows in which we believed that European valuations were more attractive, but we were cautious due to Europe’s high debt levels and struggles to generate economic growth. stocks since the middle of 2004. is not particularly notable. European stocks have traded at lower P/E ratios than U.S.

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Transcript: Brad Gerstner

The Big Picture

It was about $170 million valuation. If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that, your 00:44:48 [Speaker Changed] Corporate tax free. You take it out tax free as well. They had about 10 beta customers of the product. 00:33:48 [Speaker Changed] 17%. Completely.

Investing 246
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Transcript: Marta Norton

The Big Picture

And actually, I was at the PPI, most people may not remember this, but in 2004, the PPI was a month and a half late. And how do we think about them from a valuation perspective? You said earlier, valuations were historically high both stocks and bonds late 2021, right about now, what are we? And so you can think of that.

Portfolio 130
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Recency Bias!!!

Walkner Condon Financial Advisors

The emerging markets asset class outperformed all others in 2003, 2005, 2007 and 2009, while finishing second in 2004, 2006, and 2012. I could pull out some socio-economic Jenga pieces that include the high valuation of the U.S. dollar, relative valuations, political uncertainty, the national debt, the 2024 elections, etc.,

Assets 59
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Transcript: Graeme Forster, Orbis Investments

The Big Picture

[Barry Ritholtz] : 00:17:05 [Speaker Changed] The, the rule to be tax exempt in the US is you have to disperse 5% of the foundation. You don’t have to pay any tax and just let the rest ride. Then the volatility and, and the valuation makes an enormous difference. You give out 5%. Or they just did well, right?

Investing 130