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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).
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. We were one of the last to get what’s called a value added license to the compus stat database.
And there was just a very rich development period, which I think at the time, I don’t know, if I fully appreciate it, I’m someone who likes to see change licensing developments. NORTON: So 2005-2006 timeframe. And how do we think about them from a valuation perspective? RITHOLTZ: Oh, really? NORTON: Yeah.
In studying the characteristics of socially responsible indices, some researchers have found high correlations with conventional indices (Statman, 2006). based provider of high- end integrated processors, has licensed ARM’s designs for greater efficiency and functionality in the server market. Cavium, a U.S.-based 2013(1): 1-15.
In studying the characteristics of socially responsible indices, some researchers have found high correlations with conventional indices (Statman, 2006). based provider of high- end integrated processors, has licensed ARM’s designs for greater efficiency and functionality in the server market. Cavium, a U.S.-based 2013(1): 1-15.
And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. What are the, you know, I’d literally have it in my handheld.
CAMSfinserv: It is an RBI Licensed account aggregator that streamlines the sharing of asset information online between Financial Information Users (FIUs) and Financial Information Providers (FIPs). Within 11 Years of starting up multiple online classified businesses, Info Edge listed itself on the exchanges in 2006.
This was the era, 2005, 2006, all of my friends were looking to get banking roles. Would you license these models to me? 00:21:21 [Speaker Changed] So this story came out that, oh, value is defensive because it has this valuation buffer to it 00:21:28 [Speaker Changed] In that one example. Oh yeah, for sure.
They went public in 2006. They went public in May of 2006, and they’ve been public now for — RITHOLTZ: The argument is they avoided trouble in the financial crisis because they didn’t have a decade of overleverage. He had decided to license his name and just take fees and you know, that’s a much better business model.
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