The Foibles of EBITDA

A recent article in Institutional Investor examines EBITDA, earnings before interest, taxes, depreciation and amortization, a number commonly used in private markets for valuation purposes that can be “heavily inflated…

Is This Value's Moment to Shine?

There’s a “growing chorus on Wall Street for investors to look beyond the FANG momentum plays and more toward value stocks. In other words, investors are pulling a Warren Buffett.”…

Home Investing Bias Overrated

A recent Morningstar article reports that most U.S. investors have a home bias and suggests that “foreign stocks should represent a considerable portion of most investors’ portfolios.” “Home bias isn’t…