Brown Advisory

AUGUST 8, 2018

The biggest media story in the industrial space this summer has been the accelerating breakup of General Electric. The spinoff retained the Babcock & Wilcox name; the remaining company, BWX Technologies, is a service-focused entity focused on government and nuclear operations. Spin City: The New Wave of Deconglomeratization.

Assets 52

Assets Clients Valuation Education 52

Brown Advisory

JUNE 19, 2019

With the daily stream of “7th inning” and “fourth quarter” articles about the current economic cycle, it is hard to avoid warnings in the media about the potential for a downturn and/or recession. Standard & Poor’s, S&P, and S&P 500 are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”), a subsidiary of S&P Global Inc.

Investing 52

Investing Investments Clients Government 52

Brown Advisory

JUNE 21, 2017

Investment Perspectives - The Great Debate achen Wed, 06/21/2017 - 12:35 Aside from some current political and economic topics that dominate the financial media, the most widely debated investment issue today involves the merits of passive investing, or indexing. Reasons for this tendency are varied.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

Aside from some current political and economic topics that dominate the financial media, the most widely debated investment issue today involves the merits of passive investing, or indexing. 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

JULY 1, 2016

Margins have also benefited to a certain extent from the gradually changing mix of American business from manufacturing to higher-profit sectors, like services, media and software. Criteria evaluated include: market capitalization, financial viability, liquidity, public float, sector representation and corporate structure.

Investing 52

Investing Investments Portfolio Assets 52

Brown Advisory

JULY 1, 2016

Margins have also benefited to a certain extent from the gradually changing mix of American business from manufacturing to higher-profit sectors, like services, media and software. Criteria evaluated include: market capitalization, financial viability, liquidity, public float, sector representation and corporate structure.

Investing 52

Investing Investments Portfolio Assets 52

Brown Advisory

MAY 10, 2018

The media is focusing a lot of attention on tariffs proposed by the U.S., When we consider the compelling growth and attractive valuations we see in Europe and in emerging markets, we are willing to accept some trade-related risk in order to embrace the opportunity in those regions. A variety of scenarios are possible.

Economy 52

Economy Portfolio Clients Sales 52

Brown Advisory

MAY 10, 2018

The media is focusing a lot of attention on tariffs proposed by the U.S., When we consider the compelling growth and attractive valuations we see in Europe and in emerging markets, we are willing to accept some trade-related risk in order to embrace the opportunity in those regions. A variety of scenarios are possible.

Economy 52

Economy Portfolio Clients Sales 52

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. This is nefariously exploited by social media.3

Investing 52

Investing Investments Portfolio Accounting 52

The Big Picture

AUGUST 15, 2023

The other is, it was a fascinating exercise to see how the media works. And then massive amounts of media attached to it. What’s the valuation? Certainly in financial services, we recognize now that there are all these microaggressions that have been in place for decades. RITHOLTZ: For sure. It was brilliant.

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 163

Valuation Clients Investments Investing 163

The Big Picture

OCTOBER 24, 2022

And it’s funny, I had my first brush with, you know, media as a professional at that time. And how do we think about them from a valuation perspective? And it began outside of financial services. You said earlier, valuations were historically high both stocks and bonds late 2021, right about now, what are we?

Portfolio 130

Portfolio Management Assets Investing 130

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. That was my social media of choice for years.

Sales 130

Sales Numbers Marketing Marketing 130

The Big Picture

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 299

Valuation Education Numbers Government 299

The Big Picture

OCTOBER 31, 2023

Barron’s ) see also Bond Market Outlook: Valuations Suggest Potential for Equity-Like Returns With Less Risk ( PIMCO ) • Workers Are Doing Less Work for the Same Pay : Employers are offering more paid time off in a strong labor market. Wired ) • As Red States Curb Social Media, Did Montana’s TikTok Ban Go Too Far?

Distribution 130

Distribution Media Financial Services Valuation 130

The Better Letter

JANUARY 26, 2024

As Morgan Housel has cautioned : “The business model of the majority of financial services companies relies on exploiting the fears, emotions, and lack of intelligence of customers. 2014 : “What concerns us beyond valuations is the full ensemble of overvalued, overbought, overbullish conditions.”

Assets 105

Assets Valuation Management Marketing 105

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 148

Numbers Management Banking Marketing 148

The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. I know him from Lindzonpalooza from his early media work. I’ve known you for forever and over the course of most of that time, your work has really operated at the intersection of finance and media. RITHOLTZ: Right.

Media 291

Media Investing Investments Valuation 291

The Big Picture

FEBRUARY 4, 2025

How do you think about valuations for both equities and fixed income here in the beginning of 2025? And the answer to that is that the Sheila cyclically adjusted PE ratio, which is an attempt to try to correct the stock market valuations for the business cycle, is currently at a very elevated 37. What data do we have?

Economy 258

Economy Banking Economics Taxes 258