When value investors talk about price, they do not mean stock price. Price is a ratio, specifically a ratio between the current price of a share of a company and the future benefits (cash flows from profits) that share entitles you to. #ValueInvesting#investing#stocks
@JohnPasalis And there are plenty of people in Toronto who pride themselves on buying multi-million dollar houses in cash ... instead of investing the money in $BRK.A
Valuation = Earnings * Multiple of Earnings. #interestrates going up drives spending and corporate #earnings down and increases cost of capital, driving multiples down.
https://t.co/L1pzswQ2Ll
Rethinking Peak Fed: After pricing in Peak Goldilocks only a week before, the market got a reality check last week in the form of a higher terminal rate and falling earnings. The cost of capital is rising again, albeit modestly, and the E in the forward P/E is coming down.
Seems like $GS could actually accomplish the "focus" and "diversification" David Solomon was talking about by focusing on core divisions and letting acquired organizations worry about other opportunities like consumer #lending.
https://t.co/kWLlBoPQmd
As unfortunate as #techlayoffs are, imagine dedicating the start of your career to being an amazing fictional character and then hearing about #Disney#layoffs.
https://t.co/UNYue3pb0l
“It’s time for another transformation,” returning Disney CEO Robert Iger said, as he revealed plans to cut 7,000 jobs and slash billions in costs #WSJWhatsNow https://t.co/lAuHlRfadC
What, you're telling me that we can't limit #investment to improving environment, society, and governance without any #financial tradeoffs to the #investors who trust us as fiduciaries?
https://t.co/6GKSLAG8sW
So the celebrities are now finding out that there are longer-term, and therefore, potentially more lucrative, #investment vehicles than #SPACs.
https://t.co/1HqxVehfaL