Remove 2013 Remove Numbers Remove Valuation
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Change Your Perspective

The Big Picture

Essentially, monthly Non-Farm Payrolls is the net difference between these two groups: The actual number is far smaller and less significant than gets played most publicly. The monthly number ( May 2023 = 339,000) is a tenth or so of the ~1.5% Fair Value : Valuation of equities is one of those things that seems to confuse so many.

Numbers 312
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Transcript: Julian Salisbury, GS

The Big Picture

He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. I ended up being hired onto the high yield desk as a research analyst and did that for a number of years, a couple of years.

Assets 299
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Making Private Public

The Irrelevant Investor

In a related but tangential matter, the number of publicly traded companies in the United States has been cut in half over the last twenty years. There aren't enough public companies (too few IPOs) From 2013-2017, there were 814 IPOs. Today that number is close to $100 million. In 1996 alone there were 845.

Startup 52
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One of The Great Bubbles of Financial History

The Irrelevant Investor

2012- Jeremy Grantham Warns 2013 Will Be A Dangerous Year For Stocks 2013- Much of everything else is once again brutally overpriced 2014- Big stock bubble will end badly in 2016 2015- GMO founder Grantham says markets ‘ripe for major decline’ in 2016 Okay, you get the point. It's been over four years since he wrote this.

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Market Commentary: Stocks in the Middle of Some Amazing Streaks While Job Growth Perks Up

Carson Wealth

Strong Job Numbers Are Good News for the Economy and Markets There’s been valid concern that employment conditions are deteriorating, ever so slowly. The unemployment rate has increased from a low of 3.4% in April 2023 to 4.3% in July of this year. Payrolls grew by 254,000 in September, doubling expectations for a 125,000 increase.

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Investment Perspectives | Managing Risk

Brown Advisory

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Concentration: Much of the U.S. Many non-U.S. corporations.

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Investment Perspectives | Managing Risk

Brown Advisory

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Concentration: Much of the U.S. Many non-U.S. corporations.