CFA Institute Equity Research and Valuation Conference
The real valuation problems today are much more evident in private equity markets, says Jason DeSena Trennert.
"What makes us uncomfortable about disruption is the uncertainty it brings into every number that we measure," says Aswath Damodaran.
Mary Jane McQuillen believes ESG concerns are central to, not separate from, the investment decision-making process.
“People tend to think rules don’t change, but in financials, they’ve clearly evolved,” says Thomas J. Lee, CFA.
Aswath Damodaran has a blunt message for companies considering an acquisition: "Don't do it."
“Most people tell me that long-run equity valuation data is meaningless," says Russell Napier. "I think they’re wrong.”
What do swimming scallops have to do with investing in Asia? A lot, according to S. Joyce Li, CFA.
Kate Moore, chief equity strategist at BlackRock, thinks that the next six months should be a great opportunity for investment managers who can stay focused over the longer term.
Elizabeth M. Lilly, CFA, thinks that small-cap stock investing is an excellent way to leverage active management. If you do the research.
"We are in a land of pure imagination," when it comes to US equities, says Mark Yusko. “We have been on an escalator up and will be taking an elevator down.” Investors need to look to China and other emerging markets for returns.