Carson Wealth

OCTOBER 7, 2024

We can divide that up into three key pieces that make overall returns: Earnings growth has contributed 57%-points Dividends contributed 14%-points Valuation multiple growth contributed 21%-points In other words, most of the returns have come from profits (and dividends). Since the end of 2019, the S&P 500 is up 92%.

Marketing 96

Marketing Marketing Economy Economics 96

Carson Wealth

JANUARY 22, 2024

While our outlook is for a favorable economic backdrop for credit-sensitive bonds, we’ve grown somewhat more cautious because credit spreads are already tight and we see more upside for equities, including some pockets of attractive valuations. A diversified portfolio does not assure a profit or protect against loss in a declining market.

Marketing 97

Marketing Marketing Economy Portfolio 97

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

JANUARY 17, 2024

Both types of error are due to a combination of either mis-assessing the business quality or its valuation (or both). Our 10/10/3 valuation framework using a 10% weighted average cost of capital is undoubtedly conservative and ends up with us missing some big opportunities as type 2 errors of omission.

Investing 52

Investing Investments Portfolio Compliance 52

The Big Picture

FEBRUARY 28, 2023

And this isn’t dissimilar from what’s happened in prior eras within the financial services sector. And then the related question is, how dependent are private markets on public market valuations? LAYTON: — some of the differences in valuation that have been out there. There are some differences.

Investing 147

Investing Investments Clients Assets 147

Brown Advisory

AUGUST 14, 2023

To be clear, we would love to have more investments in any diversifying business or sector but every investment must first pass all our tests, particularly valuation. More recently, our view on valuations in health care has become more constructive as share prices have come down. It is an illuminating case study.

Investments 52

Investments Investing Portfolio Accounting 52

The Big Picture

AUGUST 15, 2023

Let me say what your compliance wouldn’t allow you to say. What’s the valuation? Certainly in financial services, we recognize now that there are all these microaggressions that have been in place for decades. And at the time, I was managing Protege Partners as a hedge fund of funds. RITHOLTZ: Right.

Management 130

Management Investing Investments Government 130

The Big Picture

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. Second part of our framework is valuation fundamental work. Well, that means valuations are probably too high.

Valuation 162

Valuation Clients Investing Investments 162

The Big Picture

MAY 9, 2023

And again, I ended up in the financial services audit practice at KPMG. One, when people have asked me to compare and contrast today versus 2007, 2008, what you hear from a lot of people is, yes, there’s some fairly heady valuations. You have to finish the three years. I finished the three years.

Assets 299

Assets Clients Investing Investments 299

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. RITHOLTZ: Wow, that’s amazing.

Sales 130

Sales Numbers Marketing Marketing 130

The Big Picture

MAY 21, 2024

And meanwhile, I was doing, you know, I was working at this financial services company and I was really interested in what they were doing. And one of the worst performing factors has been valuation. And I think that’s wrong because valuation does matter. Eventually it, 00:30:12 [Speaker Changed] It matters.

Numbers 147

Numbers Management Banking Marketing 147

Carson Wealth

APRIL 7, 2025

But what we do know is that with every decline, more risk has already been priced in and stock valuations have become cheaper compared to their longer-term earnings potential. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

Marketing 95

Marketing Marketing Investing Investments 95

The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. RITHOLTZ: He was the first (inaudible) in round B at the higher valuation. Is it about the valuation? Back then I was Wallstrip was like a 400K valuation. RITHOLTZ: Valuation didn’t make much of a difference.

Media 290

Media Investing Investments Valuation 290

Carson Wealth

JANUARY 6, 2025

Another theme we hear is that stock gains have been driven by valuations (multiples growth) where investors are simply willing to pay more for a dollar of profits. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

Marketing 64

Marketing Marketing Economy Economics 64

Carson Wealth

NOVEMBER 11, 2024

How the economy is doing, Fed policy, inflation, valuations and overall market trends potentially matter much more. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services. Productivity is at some of the best levels since the late ‘90s.

Marketing 95

Marketing Marketing Economy Numbers 95

Carson Wealth

DECEMBER 30, 2024

Valuations Are a Poor Short-Term Timing Indicator Do you like buying things when they are pricey? There is virtually no proof that high (or low) valuations can predict what stocks might do the following year. Rather than making investing decisions based on valuations, you are better off investing in days that end in y if you ask me.

Marketing 64

Marketing Marketing Valuation Economy 64