…a single intangible asset and measures fair value by discounting them to present value. This method is used primarily when one asset is the primary driver of a firm’s value….
Search Results for: value
The Impact of Declining Valuations
The Euclidean.com 2018 Q4 letter discusses the fallout that can occur when there is a “divergence” between the price and value of a company’s shares resulting from investors losing sight…
Five Questions: An Advisor’s View of Cryptocurrencies with Tyrone Ross
…have referred to bitcoin as a call option on a future store of value. I’m very fond of that description. It has been shown in studies that adding bitcoin to…
Value Investing: Has it Gone Out of Style?
…“Is value dead? Or do enthusiasts of the Russell Index family and the Fama-French Factor Model need to re-evaluate price-to-book ratio (P/B) as the primary metric used in defining value…
Takeaways from Berkshire's Annual Letter to Shareholders
…a company whose assets are concentrated in marketable stocks into one whose major value resides in operating businesses;” Although the firm’s equity holdings are valued at market prices, accounting rules…
Five Questions: Machine Learning in Investing with Kevin Zatloukal
…you acquire them for less than the model says they are worth (their intrinsic value). It is basic value investing. Overall, I would say that results have been surprisingly good….
Where Has All the Alpha Gone?
…risk. They adds things like value and size and profitability as additional risk factors. With these new models, standard value investing goes from something that could be used to produce…
Is the Art of Stock Picking Making a Comeback?
…as a wonderful time to ramp up value exposure.” The article notes: “If the proponents of value investing are to be believed that their time is coming, excuses for poor…
New Study Shows Good Companies Often Make Bad Investments
…stock market often assumes that any effect from a stellar reputation or large market capitalization has already occurred and is valued to reflect such characteristics.” The study states: “Assets are…
Schumer and Sanders on Limiting Buybacks
…to introduce to address the “explosion” in corporate stock buybacks in recent decades. The article contends that companies have become so focused on shareholder value that they have dedicated an…