Abnormal Returns

OCTOBER 24, 2022

theinformation.com) Snowflake ($SNOW) is growing into its valuation. wsj.com) China is dramatically reducing the amount of economic statistics it publishes. economist.com) Economy This high yield bond indicator is signalling economic trouble ahead. (medium.com) Big tech companies are sitting on their own bond market losses.

Marketing 246

Marketing Marketing Financial Advising Valuation 246

The Big Picture

APRIL 7, 2023

American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the real world. Known as the Dean of Valuation, he teaches Corporate Finance and Valuation to the MBA students at Stern where he has been voted “Professor of the Year” by the graduating M.B.A.

Valuation 298

Valuation Advertising Economy Food 298

Nerd's Eye View

JULY 5, 2023

In this guest post, Larry Swedroe, head of financial and economic research at Buckingham Strategic Wealth, discusses why many investors tend to fall prey to recency bias, and explains why global diversification – and keeping short- and long-term results in the right perspective – remains a prudent strategy. annually.

Valuation 246

Valuation Economics Portfolio Investing 246

Abnormal Returns

SEPTEMBER 17, 2023

frontofficesports.com) Why seed stage valuations haven't dropped as much as you would think. politico.com) Why market economics doesn't necessarily work in health care. econofact.org) The economic schedule for the coming week. Finance Goldman Sachs ($GS) want to sell HNW clients a piece of a sports franchise.

Financial Advising 288

Financial Advising Valuation Economy Economics 288

Abnormal Returns

MAY 19, 2023

Economics Margaret Hoover talks with Felix Salmon author of "The Phoenix Economy: Work, Life, and Money in the New Not Normal." conversationswithtyler.com) Cardiff Garcia talks about the economics of innovation with Heidi Williams and Caleb Watney. Aswath Damodaran about stock valuations, market efficiency, and the rise of AI.

Economics 130

Economics Valuation Economy Investing 130

Abnormal Returns

MAY 2, 2024

Does that mean you are less enamored of Berkshire shares at current valuations? ' (barrons.com) How long will Ajit Jain stay in the lead of Berkshire's insurance business? and Europe are decoupling economically. Berkshire Hathaway 10 questions for Warren Buffett including 'Berkshire’s stock buybacks have slowed in the past two years.

Financial Advising 260

Financial Advising Startup Media Valuation 260

Abnormal Returns

JULY 11, 2024

(scheplick.com) NA beer Athletic Brewing is riding the wave of interest in NA beverages to a much higher valuation. bonddad.blogspot.com) We really don't have an analogy for the current economic environment. wsj.com) Should minors be allowed to buy non-alcoholic drinks? npr.org) Economy June CPI actually fell.

Financial Advising 246

Financial Advising Valuation Media Economy 246

Abnormal Returns

FEBRUARY 11, 2024

wsj.com) Companies Just how important AI is for valuations today. tker.co) The economic schedule for the coming week. (axios.com) A look at Gary Sernovitz's new novel "Counting House." msn.com) An excerpt from "Private Equity: A Memoir" by Carrie Sun. tomtunguz.com) How Dara Khosrowshahi turned Uber ($UBER) around.

Assets 287

Assets Financial Advising Valuation Media 287

Abnormal Returns

AUGUST 6, 2023

Markets Cullen Roche, "This has been one of the more fascinating years in economic and market history." michaelparekh.substack.com) Venture capital Q2 2023 startup data from AngelList show median valuations back to pre-pandemic levels. should let China continue to shoot itself in the (economic) foot. nytimes.com) Why the U.S.

Financial Advising 246

Financial Advising Startup Economics Valuation 246

Abnormal Returns

DECEMBER 7, 2023

(techcrunch.com) SpaceX SpaceX is reportedly planning a tender offer for employee shares at a $175 billion valuation. axios.com) Economy Kyla Scanlon, "People are complex and economics doesn’t (can’t!) yahoo.com) Why SpaceX continues to win new launch business. bloomberg.com) Bonds Vanguard is launching new actively managed bond ETFs.

Digital Media 273

Digital Media Electronics Financial Advising Startup 273

Abnormal Returns

OCTOBER 16, 2022

(ritholtz.com) Why you shouldn't make big changes to your portfolio based on economics. on.ft.com) Companies Instacart keeps slashing its valuation in anticipation of an IPO. stayathomemacro.substack.com) The economic schedule for the coming week. nytimes.com) Boosters Americans are uninterested in the new bivalent boosters.

Financial Advising 242

Financial Advising Portfolio Valuation Economy 242

Nerd's Eye View

MAY 10, 2024

Also in industry news this week: The latest Social Security trustees report offered a slightly rosier picture for the health of the various Social Security trust funds thanks to improved economic conditions, though they warned that time is running out for legislators to take action to ensure the system will be able to pay out full benefits beyond the (..)

Financial Planner 246

Financial Planner Retirement Planning Retirement Valuation 246

Discipline Funds

OCTOBER 9, 2024

On the one hand you might assume that high valuations are bad because “expensive” usually implies bad. On the other hand, you could argue that high valuations simply reflect a price premium. The way I like to think about valuations is that they’re reflective of long-term price premiums.

Valuation 96

Valuation Economy Financial Planning Economics 96

Abnormal Returns

MARCH 20, 2024

marginalrevolution.com) Finance Private equity is stuck between elevated valuations high interest rates and a moribund IPO market. reuters.com) Economy By any reasonable measure, the average American is better off economically than they were four years ago. spyglass.org) This is Apple's ($AAPL) brand promise.

Financial Advising 253

Financial Advising Startup Valuation Economy 253

Abnormal Returns

AUGUST 17, 2023

finance.yahoo.com) Markets Valuations don't matter in the short term. morningstar.com) Economy Any single economic data point is filled with noise. Rates Mortgage rates are at levels not seen since 2001. axios.com) Global government bond yields are at 15-year highs. theirrelevantinvestor.com) Forecasting is hard, the GMO edition.

Financial Advising 246

Financial Advising Valuation Manufacturing Media 246

Abnormal Returns

DECEMBER 28, 2022

tomtunguz.com) Instacart continues to slash its valuation. calculatedriskblog.com) Indicators show the economic cycle is maturing, but not yet in recession. (cnn.com) Big Tech is set to cut costs (and jobs) in 2023. nytimes.com) How Constellation Software is a $30b+ publicly-traded software holding company employing more than 25,000.

Financial Advising 243

Financial Advising Valuation Media Economy 243

Abnormal Returns

JUNE 25, 2023

riabiz.com) Companies Nvidia's ($NVDA) valuation has gotten ahead of itself. econbrowser.com) The economic schedule for the coming week. (awealthofcommonsense.com) Crypto Bitcoin had a good week. axios.com) Why everybody and their brother submitted a spot Bitcoin ETF application this week.

Financial Advising 245

Financial Advising Valuation Retail Media 245

The Big Picture

AUGUST 31, 2023

Nvidia is not the first giant tech company to trade at a rich valuation. The Hostile Takeover of Blue Cities by Red States : GOP legislatures are increasingly imposing their economic and cultural priorities on left-leaning municipalities like Nashville. Now, for the first time, its cultural relevance is in question. (

Strategic Planning 246

Strategic Planning Economics Valuation Consulting 246

The Big Picture

DECEMBER 1, 2022

I have been fairly vocal that inflation has peaked , the Fed has already overtightened, and they run the risk of doing too much economic damage fighting a demon that has already been exorcised. Maybe this economic slowing results in a mild shallow recession, maybe not. GDP is flattish to slightly positive. 50% chance ).

Economy 295

Economy Economics Valuation Marketing 295

Abnormal Returns

AUGUST 9, 2023

axios.com) Venture capital Why more markdowns are coming to venture capital portfolio valuations. awealthofcommonsense.com) Base effects matter when analyzing economic data. (bloomberg.com) In China, new EVs are now cheaper to buy than ICEs. washingtonpost.com) The earlier adopter era for EVs is over.

Financial Advising 238

Financial Advising Economy Valuation Consulting 238

Nerd's Eye View

OCTOBER 28, 2022

RIA merger and acquisition activity has been brisk and valuations have remained elevated during the past year, but industry observers are debating whether economic headwinds could slow activity in the coming year. The key considerations for advisors considering terminating a forgivable note early.

Financial Planner 246

Financial Planner Clients Valuation Management 246

Advisor Perspectives

DECEMBER 19, 2022

The economic tea leaves suggest that 2023 could be another challenging year for both stocks and bonds. However, the outlook is more balanced given that equity valuations are much lower and bond yields much higher.

Economics 80

Economics Valuation 80

The Big Picture

APRIL 24, 2023

They all have different sensitivities to economic factors like trade, inflation, commodities, and growth. ” A Secular Bull Market is an extended period of time (10-20 years) driven by broad economic shifts that create an environment conducive to increasing corporate revenue and earnings.

Economics 299

Economics Marketing Marketing Portfolio 299

Abnormal Returns

NOVEMBER 6, 2022

aswathdamodaran.blogspot.com) Small cap valuations look attractive. wsj.com) Three things that are dampening economic pain, including remote work. (abnormalreturns.com) Why rough edges remain in financial markets: people. abnormalreturns.com) Top clicks this week A primer on free cash flow.

Medical 162

Medical Valuation Banking Financial Market 162

The Big Picture

JUNE 20, 2024

She observes it is less about the things investors tend to focus on — “technical analysis, geopolitics, behavioral finance and even skirt hemline trends” — and more about specific measures she tracks in sentiment, valuation, macro-economic areas. The table above shows the major market peaks going back to 1990.

Marketing 195

Marketing Marketing Valuation Media 195

The Big Picture

JUNE 28, 2024

She leads the company’s 35-person team of engineers, attorneys, and analysts, and is a member of the firm’s valuation and investment committees. Before co-founding Legalist at 20, Eva studied economics at Harvard College.

Engineering 182

Engineering Valuation Government Accounting 182

The Big Picture

AUGUST 1, 2023

Recall John Kenneth Galbraith’s observation: “The only function of economic forecasting is to make astrology look respectable.” But we won’t know how big a losing trade it might be until early 2024, when we see the updated valuations. Forecasting Folly : Did you get sucked into the endless predictions of doom and gloom ?

Economics 246

Economics Valuation Marketing Marketing 246

A Wealth of Common Sense

SEPTEMBER 19, 2023

Fundamentals like valuations, economic growth, earnings and dividends are the main drivers of returns over the long run. There are a lot of factors that drive the performance of financial markets over time. Plus you have to consider demographics, productivity and innovation.

Accounting 133

Accounting Retirement Marketing Marketing 133

Validea

FEBRUARY 22, 2025

Drawing from decades of experience, Larry explains why market forecasts consistently fail, why valuations can’t be used for market timing, and how seemingly obvious economic events often lead to surprising market outcomes. In this episode, Larry Swedroe shares nine critical lessons that the markets taught investors in 2024.

Valuation 52

Valuation Economics Portfolio Investing 52

The Big Picture

JUNE 2, 2023

Monthly NFP is likely the single most overrated economic data point in the US, while the intermediate term employment trend is the most underrated. Fair Value : Valuation of equities is one of those things that seems to confuse so many. What really matters is the series trend: Are we consistently creating jobs over time?

Numbers 312

Numbers Valuation Retirement Economics 312

The Big Picture

JULY 21, 2023

Or is anything economic Phil Gramm touches simply destined to be a dumpster fire of lies, foolishness, and incompetency? For the record, Census published its first study on the valuation of so-called “in-kind transfer benefits” in 1982. Call it ” ‘ America’s Enormous Math Mistake’s Mistake.

Math 246

Math Government Economics Food 246

Abnormal Returns

JANUARY 10, 2024

(entrylevel.topdowncharts.com) Strategy 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' realreturns.blog) Lessons learned from markets in 2023 including 'Years like 2023 are why investors should not put much weight into market or economic predictions.'

Financial Advising 173

Financial Advising Valuation Banking Media 173

Nerd's Eye View

JUNE 27, 2023

In this episode, we talk in-depth about how, in 2022, Eric and his wife Kali faced a tumultuous year the firm dipped from $600,000 to $500,000 of revenue run rate in just the first few months and because it coincided with the arrival of their first child they didn’t have the bandwidth and capacity to adapt, how, to help with capacity constraints, (..)

Financial Advisor 211

Financial Advisor Clients Valuation Communication 211

Validea

MARCH 9, 2025

These businesses exemplify qualities highly valued by celebrated investors: robust balance sheets, consistent cash flow generation, sustainable competitive advantages, and reasonable valuations when measured against their growth trajectory and market position.

Marketing 52

Marketing Marketing Valuation Investing 52

Advisor Perspectives

APRIL 23, 2024

Economic “reflation” is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains, at least according to Gold Sachs and Tony Pasquariello.

Valuation 93

Valuation Economics 93

Abnormal Returns

FEBRUARY 16, 2023

(howardlindzon.com) Private assets Why private equity needs much better valuations. bloomberg.com) Economy What does a 'no landing' economic scenario look like? ft.com) Why where investors mark the portfolios can be all over the place. axios.com) Funds Tax efficiency is the secret sauce of ETFs. pragcap.com) Fidelity is hiring!

Financial Advising 147

Financial Advising Engineering Valuation Retail 147

Validea

NOVEMBER 29, 2024

In this episode of Excess Returns, Jack Forehand and Justin Carbonneau sit down with veteran investment strategist Jim Paulsen to discuss the current market landscape and economic outlook.

Marketing 52

Marketing Marketing Valuation Economy 52