Brown Advisory

APRIL 1, 2015

In Engines That Move Markets, a 2002 book about the cycles of technology investing, Alasdair Nairn defines “bubbles” as periods when investors appear to suspend rational valuation, much as they had during the dotcom craze shortly before the book was published. Unsurprisingly, as volume has increased, so have valuations. Possible Signs.

Investing 52

Investing Investments Valuation Assets 52

The Big Picture

DECEMBER 6, 2022

RITHOLTZ: So you joined Global X in 2014. I joined Global X in 2014, and we have, if I remember correctly, approximately $1.5 But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. What led you to them from Jefferies? BERRUGA: Yeah.

Clients 162

Clients Investments Investing Management 162

The Big Picture

OCTOBER 17, 2023

Then the volatility and, and the valuation makes an enormous difference. We do have multi-asset strategy called balanced, which we launched in 2014 15. ’cause they, it’s a learning mechanism as a recommendation mechanism for portfolio managers and thinking about how to allocate capital.

Investing 130

Investing Investments Clients Numbers 130

Brown Advisory

SEPTEMBER 3, 2015

Public-sector debt has expanded every year since 2000, hitting 100% of gross national product at the end of fiscal year 2014. Among our holdings in sectors backed by clear flows of revenues, we maintain an overweight in health care and transportation and remain focused on credit stability, valuations and opportunities for price gains.

Transportation 52

Transportation Government Economy Asset Allocation 52

Brown Advisory

SEPTEMBER 22, 2017

ESG information helps with broader due diligence, providing insight into a company’s sustainability strategies alongside their fundamental strengths, the competitive environment, and, of course, stock valuation at the time of buy or sell decisions. The Journal of Portfolio Management 40(2): 18-29. Hammond, and W. Springsteel.

Portfolio 52

Portfolio Investments Investing Management 52

Brown Advisory

SEPTEMBER 22, 2017

ESG information helps with broader due diligence, providing insight into a company’s sustainability strategies alongside their fundamental strengths, the competitive environment, and, of course, stock valuation at the time of buy or sell decisions. The Journal of Portfolio Management 40(2): 18-29. References. Hammond, and W.

Portfolio 52

Portfolio Investments Investing Management 52

Brown Advisory

NOVEMBER 14, 2017

By 2014, when QE officially ended, assets on the Fed’s balance sheet totaled $4.3 One could argue, as Warren Buffett recently did, that a percentage point increase in rates would not exert a significant effect on stock valuations because even at 3–3.5%, the 10-year rate would still be low by historical standards.

Investing 52

Investing Investments Assets Numbers 52

Brown Advisory

NOVEMBER 14, 2017

By 2014, when QE officially ended, assets on the Fed’s balance sheet totaled $4.3 One could argue, as Warren Buffett recently did, that a percentage point increase in rates would not exert a significant effect on stock valuations because even at 3–3.5%, the 10-year rate would still be low by historical standards.

Investing 52

Investing Investments Assets Numbers 52

Brown Advisory

JUNE 21, 2017

This assertion is open to debate and in fact has been refuted by various studies, but it gives some investors pause when considering active managers for their portfolios. 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

This assertion is open to debate and in fact has been refuted by various studies, but it gives some investors pause when considering active managers for their portfolios. Manager Characteristics. 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

DECEMBER 2, 2015

From 2012 until 2014, the MSCI All Country World Index annually rose by an average of 14.1%. percentage point less than in 2014, according to an estimate in October by the International Monetary Fund. These paces are far below China’s annual average growth of nearly 10% from 1979 until 2014. in 2014, according to the IMF.

Economy 52

Economy Taxes Clients Assets 52

Brown Advisory

SEPTEMBER 11, 2016

Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. As the price of oil began to drop in 2014, investors in highyield credit grew increasingly concerned about default risk among energy companies. small-cap stocks.

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

SEPTEMBER 11, 2016

Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. As the price of oil began to drop in 2014, investors in highyield credit grew increasingly concerned about default risk among energy companies. small-cap stocks.

Economics 52

Economics Economy Communication Banking 52

The Big Picture

JUNE 3, 2024

And that was his boss, Jeffrey Gundlock, founder of Double Line Capital, back in July, 2014. The very first Masters in Business that was broadcast just about 10 years ago, July, 2014, episode number one, Jeffrey Gundlock, DoubleLine Capital. And you know, it’s the same thing when valuation gets outta control too.

Math 147

Math Marketing Marketing Engineering 147

The Big Picture

FEBRUARY 12, 2024

And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. I’m the portfolio manager and I’m actually the only portfolio manager. How, how do you manage around that? So we’re not looking for quantitative measures.

Management 294

Management Investments Investing Economy 294