The Irrelevant Investor

SEPTEMBER 29, 2016

Add Julian Robertson and Howard Marks to the long list of billionaires that are less than optimistic about the future. All the reasons they cite are unfortunately very compelling, but pessimists always sound intelligent. You can probably count on one hand the number of investors that were actually able to capitalize on their pessimism. But let's say all these billionaires are right and U.S. stocks will in fact experience lower returns going forward.

Investing 52

Investing Investments Banking Numbers 52

Brown Advisory

SEPTEMBER 30, 2016

Global Leaders Investment Letter - Q3 2016 ajackson Fri, 09/30/2016 - 09:50 Global Leaders Strategy Investment Letter - Q3 2016 In this letter the team discuss the current environment of higher valuations and the impact this is having on their investability test as part of their process. They describe their concept of calculating value using the weighted average cost of capital (WACC).

Investing 40

Investing Investments Clients Valuation 40

Brown Advisory

SEPTEMBER 30, 2016

Global Leaders Investment Letter - Q3 2016. ajackson. Fri, 09/30/2016 - 09:50. Global Leaders Strategy Investment Letter - Q3 2016. In this letter the team discuss the current environment of higher valuations and the impact this is having on their investability test as part of their process. They describe their concept of calculating value using the weighted average cost of capital (WACC). . .

Investing 40

Investing Investments Clients Valuation 40