Barry Ritholtz

APRIL 11, 2023

Fisher Investments ) • Bond Market Is Overplaying the Risk of a Deep Recession : Trading in other major markets suggests a painful economic downturn isn’t as set in stone as Treasury investors think. His textbook “ Investment Valuation ” is the standard in the field. It’s not going too well. ( class nine times.

Valuation 98

Valuation Corporate Finance Treasury Finance 98

CFO News Room

JANUARY 24, 2023

That said, it is my experience with markets that has also made me skeptical about the over selling of both notions, since we have an entire branch of finance (behavioral finance/economics) that has developed to explain how more data does not always lead to better decisions and why crowds can often be collectively wrong.

Marketing 130

Marketing Valuation Corporate Finance Currencies 130

Musings on Markets

JANUARY 24, 2024

Government Bond/Bill Rates in 2023 I will start by looking at government bond rates across the world, with the emphasis on US treasuries, which suffered their worst year in history in 2022, down close to 20% for the year, as interest rates surged. The Fed Effect: Where's the beef? The Fed Effect: Where's the beef?

Treasury 52

Treasury Currencies Marketing Economics 52

Musings on Markets

JANUARY 8, 2022

That said, it is my experience with markets that has also made me skeptical about the over selling of both notions, since we have an entire branch of finance (behavioral finance/economics) that has developed to explain how more data does not always lead to better decisions and why crowds can often be collectively wrong.

Valuation 91

Valuation Corporate Finance Currencies Finance 91

Future CFO

FEBRUARY 7, 2024

The year 2024 brings a landscape of unprecedented challenges and opportunities for corporate treasurers. From the ongoing global conflicts to the lingering effects of high inflation, corporate finance professionals are gearing up to navigate an environment marked by volatility and uncertainty.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

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

Musings on Markets

AUGUST 5, 2023

I will try to steer away from models and economic jargon in this section, simply because they do little to advance understanding and much to muddy the waters. Relative to treasury bills, stocks delivered a negative risk premium in 2022 (-20%), but it would be nonsensical to extrapolate from a single year of data. What is it?

Treasury 78

Treasury Valuation Investments Corporate Finance 78