Musings on Markets

OCTOBER 6, 2023

The resulting debate among accountants about how to bring intangibles on to the books has spilled over into valuation practice, and many appraisers and analysts are wrongly, in my view, letting the accounting debate affect how they value companies.

Valuation 125

Valuation Profit and Loss Accounting Investments 125

CFO News Room

JANUARY 17, 2023

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. I revisited my valuation of the index, with the updated values: Spreadsheet to value the S&P 500.

Economics 130

Economics Valuation Treasury Forecasting 130

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. In the last few days, every company on the list has dipped in price by enough to be at least fairly valued or even cheap.

Economics 100

Economics Valuation Treasury Forecasting 100

Barry Ritholtz

DECEMBER 12, 2023

Low price stock has historically had some very large concentrated positions. And those concentrated positions happen because they have high conviction that they’re in that group where it’s not stupid to think about where earnings will be 10 years out. This is what’s wrong with concentrating in the wrong stocks.

Benchmarking 105

Benchmarking Concentration Investments Profit and Loss 105

Barry Ritholtz

DECEMBER 14, 2022

Because going back to our thematic investing, our portfolio is 80 percent concentrated in warehouses, rental housing, lab office space and hospitality asset. Like, if you think about — when I was growing up, all of the big pharmaceutical companies had these corporate campuses that were highly securitized, deep in suburbs.

Mergers and Acquisitions (M&A) 64

Mergers and Acquisitions (M&A) Investments Construction Concentration 64

Barry Ritholtz

DECEMBER 17, 2024

I was particularly, I was in, I was working in, on the East coast and, you know, any, everything from like pharmaceutical to automotive to, to what a, what a distribution network looked like. Doesn’t it deserve a, a richer valuation? That that’s a fairly concentrated portfolio, isn’t it? I 100% agree.

Technology 52

Technology Investments Numbers Concentration 52

Musings on Markets

MARCH 15, 2025

However, attempts at disruption, whether it be from Mark Cubans pharmaceutical start-up or from Google and Amazons health care endeavors, have largely left the system intact. There is another way in which you can reframe how the shifts in politics and economics will play out in valuation.

Investments 128

Investments Profit and Loss Valuation Economics 128