Barry Ritholtz

AUGUST 1, 2023

Forecasting Folly : Did you get sucked into the endless predictions of doom and gloom ? Recall John Kenneth Galbraith’s observation: “The only function of economic forecasting is to make astrology look respectable.” Never forget: Forecasts are marketing. Were you convinced by the people who saw the Recession coming ?

Forecasting 98

Forecasting Concentration Valuation Economics 98

CFO News Room

JANUARY 17, 2023

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. I revisited my valuation of the index, with the updated values: Spreadsheet to value the S&P 500.

Economics 130

Economics Valuation Treasury Forecasting 130

Musings on Markets

OCTOBER 4, 2023

Looking across the risk capital metrics, notwithstanding the recovery we have seen in equities this year, it looks like risk capital is still on the side lines, perhaps because that recovery is concentrated in large and money-making companies. YouTube Video Spreadsheets Intrinsic Valuation of the S&P 500 Spreadsheet

Marketing 104

Marketing Treasury Valuation Investments 104

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. to 25% for the Eurozone. as of March 16, 2022.

Economics 100

Economics Valuation Treasury Forecasting 100

Barry Ritholtz

FEBRUARY 6, 2024

And speaking of the.com implosion, like Microsoft via a case study where we, in previous strategies, we held Microsoft for a very long time, that’s where the valuation could help us in the.com bus. As long as the growth rate is there and the the value is reasonable, there’s an opportunity. 00:18:41 [Speaker Changed] Yep.

Valuation 52

Valuation Investments Finance Math 52

Musings on Markets

JANUARY 9, 2021

To illustrate, consider a practice in valuation, where analysts are trained to add a small cap premium to discount rates for smaller companies, on the intuition that they are riskier than larger companies. It is very likely that these rules of thumb were developed from data and observation, but at a different point in time.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Barry Ritholtz

FEBRUARY 7, 2024

Dividends come from earnings, and so those are sort of anchors to valuation. Jeremy Schwartz : And basically said that there’s huge Tech stocks, triple-digit PEs, you can never justify the valuations no matter what the growth rates are. Present value of future cash flows, any asset is present value of future cash flows.

Investments 113

Investments Valuation Construction Concentration 113