…Shiller PE ratio compares the current market price to the average inflation-adjusted earnings for the previous 10-years. The chart below shows the Shiller PE ratio (in blue) back to 1926….
…financial services companies from creating unit trusts that allowed little investors to buy in. The new B class shares were still $1,000, so I still didn’t buy in. Over the…
…services instead of traditional currencies. Are Bitcoins a unit of account? Yes, one Bitcoin is one Bitcoin, anywhere in the world. Are Bitcoins a store of value? Hmm… Yes, so…
…comparing the Shiller PE ratio with Tobin’s Q (this sounds exotic, but simply compares the value of the company to the replacement cost of all of their physical assets). There’s…
…Even though Buffett doesn’t bat 1000 (no one does), I’d be willing to bet that this is a great acquisition for Berkshires in the coming years. The CEO is apparently…
…current yield, estimates growth and assumes that valuations will get back to average on a Shiller PE basis. All of these forecasts share some common themes. First, they all see…
…support for small businesses and disaster prevention measures. There is some speculation that suggests Japan will consider a ‘helicopter money’ policy option, which was fueled by a visit last week…
…of my favorite people in our industry is Cliff Asness, founder and current mouthpiece for AQR, one of the mutual fund companies that we use. His academic background is very…
The big selloff last week centered around a massive Chinese real estate developer, Evergrande, which is almost certainly insolvent. Although not many folks around here (including me) had ever heard…
…buy these bonds keep pretty close tabs on how the companies are doing. And soft patches in the economy hit these companies harder, and that translates into lower junk bond…
