Money and Finance
- Hussman Weekly Market Comment: A Warning From Graham And Dodd
Link to: A Warning from Graham and Dodd “During the latter stage of the bull market culminating in 1929, the public acquired a completely different attitude towards the investment merits of common stocks… Why did the investing public turn...
- Shortening Product Lives...
From Capital Account (this excerpt was written in September of 1994): ..shortening product lives are rarely caught by reported earnings. Indeed, the appearance of rising profits from a new product may be more than offset by a reduced product life. Technology...
- Valuation Of The Week 1: A Tesla Test – By Aswath Damodaran
I taught the first session of my valuation class, that I previewed in my last post, today. As part of that class, I do what I call a “valuation of the week”, where I pick a company and value it and then post both my valuation (with the spreadsheet...
- Dividend Growth Investing At Work - 2 More Increases
Something I love about dividend growth investing is that each month I get to hear about companies I own deciding to pay me more money in dividends. Just for owning a small portion of the companies. Not going and doing R&D for new products...
- Weekly Roundup - May 3, 2014
Another week and another month is in the books and now we're on to May. With the markets going everywhere and nowhere during the month and May now upon us, the usual chatter of "sell in May and go away" is coming up. Personally I'm...
Money and Finance
Earnings and revenues...
From Capital Account, and written in November 1999. I think it is also a lesson that repeats itself over time, and it reminded me of Graham and Dodd on the ‘Relation of the Future to Investment and Speculation’:
Coincident with the migration toward technology shares, the market has redefined what is meant by growth, away from earnings to revenues. This may be because many technology companies have little in the way of profits, and so revenues are seen as a proxy for future earnings. However, in our opinion there is no necessary link between the two, especially among unproven Internet companies.
- Hussman Weekly Market Comment: A Warning From Graham And Dodd
Link to: A Warning from Graham and Dodd “During the latter stage of the bull market culminating in 1929, the public acquired a completely different attitude towards the investment merits of common stocks… Why did the investing public turn...
- Shortening Product Lives...
From Capital Account (this excerpt was written in September of 1994): ..shortening product lives are rarely caught by reported earnings. Indeed, the appearance of rising profits from a new product may be more than offset by a reduced product life. Technology...
- Valuation Of The Week 1: A Tesla Test – By Aswath Damodaran
I taught the first session of my valuation class, that I previewed in my last post, today. As part of that class, I do what I call a “valuation of the week”, where I pick a company and value it and then post both my valuation (with the spreadsheet...
- Dividend Growth Investing At Work - 2 More Increases
Something I love about dividend growth investing is that each month I get to hear about companies I own deciding to pay me more money in dividends. Just for owning a small portion of the companies. Not going and doing R&D for new products...
- Weekly Roundup - May 3, 2014
Another week and another month is in the books and now we're on to May. With the markets going everywhere and nowhere during the month and May now upon us, the usual chatter of "sell in May and go away" is coming up. Personally I'm...