Musings on Markets

JANUARY 9, 2021

I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms. So, why bother?

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Musings on Markets

JANUARY 27, 2021

Commodities : A commodity derives its value from being an input into a process to produce a item (product or service) that consumers need or want. Collectibles : A collectible's pricing comes from the perception that it has value, driven by tastes (artwork) and/or scarcity (rare items). Currencies : A currency serves three functions.

Currencies 52

Currencies Investments Marketing Treasury 52

Musings on Markets

JANUARY 20, 2021

Investors are constantly in search of a single metric that will tell them whether a market is under or over valued, and consequently whether they should buying or selling holdings in that market. Note that this price is set by demand and supply and will reflect everything that investors collectively believe, hope for, and fear.

Treasury 52

Treasury Investments Valuation Hurdle Rate 52

Musings on Markets

JULY 25, 2023

The other is pragmatic , since it is almost impossible to value a company or business, without a clear sense of how risk exposure varies across the world, since for many companies, either the inputs to or their production processes are in foreign markets or the output is outside domestic markets.

Hurdle Rate 52

Hurdle Rate Currencies Valuation Marketing 52