Data Update 1 for 2024: The data speaks, but what does it say?
Musings on Markets
JANUARY 5, 2024
In pursuit of an answer to that question, I used company-specific data from Value Line, one of the earliest entrants into the investment data business, to compute an industry average. Return on (invested) capital 2. Excess Returns on investments 4. Financing Flows 5. Buybacks 2. Equity Risk Premiums 2.
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