Brown Advisory

SEPTEMBER 12, 2016

We look for fundamental strengths, attractive valuations and what we call Sustainable Business Advantage (SBA). Companies with SBA pursue sustainable strategies that have the potential to strengthen financial performance and increase shareholder value. The limited diversification from such an approach may pose risks.

Food 52

Food Executive Compensation Portfolio Management Valuation 52

Brown Advisory

SEPTEMBER 12, 2016

We look for fundamental strengths, attractive valuations and what we call Sustainable Business Advantage (SBA). Companies with SBA pursue sustainable strategies that have the potential to strengthen financial performance and increase shareholder value. The limited diversification from such an approach may pose risks.

Food 52

Food Executive Compensation Portfolio Management Valuation 52

Brown Advisory

JULY 19, 2017

Valuations of the U.S. Today, we hear the word “unprecedented” far too often, referencing everything from stock valuations, to the U.S. The notable exception is the period between 2000 and 2009, a decade that contained not just one, but two of the biggest market crashes since the Great Depression.) equity universe.

Investing 52

Investing Investments Portfolio Clients 52

Brown Advisory

JULY 19, 2017

Valuations of the U.S. Today, we hear the word “unprecedented” far too often, referencing everything from stock valuations, to the U.S. The notable exception is the period between 2000 and 2009, a decade that contained not just one, but two of the biggest market crashes since the Great Depression.) equity universe.

Investing 52

Investing Investments Portfolio Clients 52

Brown Advisory

MARCH 13, 2018

From a longer-term perspective, stocks rose from 2009 until this recent correction with only a few setbacks along the way. increase in the average hourly wage rate, the fastest rise in that rate since 2009. (It Even after recent record-setting gains, investors remained positive about the prospects for further profits. 2, the U.S.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 13, 2018

From a longer-term perspective, stocks rose from 2009 until this recent correction with only a few setbacks along the way. increase in the average hourly wage rate, the fastest rise in that rate since 2009. (It Even after recent record-setting gains, investors remained positive about the prospects for further profits. 2, the U.S.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

JUNE 21, 2017

Exhibit 1 at right illustrates this pattern; for example, it shows clearly how the relative performance of active managers has slipped during the bull market that started in 2009. It underperformed primarily during very strong markets, as might be expected given its discipline with regard to valuations.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

Exhibit 1 at right illustrates this pattern; for example, it shows clearly how the relative performance of active managers has slipped during the bull market that started in 2009. It underperformed primarily during very strong markets, as might be expected given its discipline with regard to valuations.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

SEPTEMBER 11, 2016

High-yield bonds are especially attractive compared with developed-market stocks, which currently sell at valuations above the historical average and face headwinds to profitability from slowing global growth and rising labor costs. president—the S&P 500 Index increased at an annual average pace of about 6%.

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

SEPTEMBER 11, 2016

High-yield bonds are especially attractive compared with developed-market stocks, which currently sell at valuations above the historical average and face headwinds to profitability from slowing global growth and rising labor costs. president—the S&P 500 Index increased at an annual average pace of about 6%.

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

MARCH 30, 2020

The background liquidity conditions for capital markets have changed substantively since the 2008-09 financial crisis, and to some extent these changes have contributed to the liquidity crunch in various segments of the market in the wake of the coronavirus outbreak. An index constituent must also be considered a U.S.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

The background liquidity conditions for capital markets have changed substantively since the 2008-09 financial crisis, and to some extent these changes have contributed to the liquidity crunch in various segments of the market in the wake of the coronavirus outbreak. An index constituent must also be considered a U.S.

Management 52

Management Marketing Marketing Clients 52

The Big Picture

AUGUST 15, 2023

So I think that argument is very valid in those couple of years, 2009, 2010 probably, maybe 2011, which was a tough year for hedge funds. What’s the valuation? Certainly in financial services, we recognize now that there are all these microaggressions that have been in place for decades. RITHOLTZ: Right.

Management 130

Management Investing Investments Government 130

The Big Picture

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. So before we get to the pandemic, which obviously had an enormous outsized effect on real estate, let’s talk a little bit about the financial crisis in the mid-2000s, a lot of real estate companies crashed and burned then. And then he left in 2009. MILLER: Yeah.

Sales 130

Sales Numbers Marketing Marketing 130

The Better Letter

JANUARY 26, 2024

In 1999, just before the Great Financial Crisis and a huge market drop, he wrote The Roaring 2000s: Building the Wealth and Lifestyle You Desire in the Greatest Boom in History. The DJIA closed 1999 at 11,497 and 2009 at 10,428. At the GFC bottom, March 9, 2009, the Dow traded at 6,547. 2020 : “[E]xtreme valuations.

Assets 105

Assets Valuation Management Marketing 105

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

JANUARY 27, 2025

It is a financial services hub. It’s certainly not New York City, but it’s, it’s definitely the top two or three in terms of large financial services. And so in 2009 we said let’s create a global high yield platform, which was really one of the first of its of its kind.

Assets 147

Assets Insurance Management Investing 147

The Big Picture

JANUARY 7, 2025

So moved over to London back in 2009 and the rest is history. Being an entrepreneur isn’t, anyway, but being an entrepreneur in an industry like financial services where there’s these old and very incumbent 800 pound gorillas are all around you is certainly not 00:12:56 [Speaker Changed] To, to say the very least.

Valuation 130

Valuation Engineering Numbers Marketing 130