Show Me How

Following his keynote speech at the 65th CFA Institute Annual Conference in May, James Montier was asked about the models that he uses to analyze investment opportunities. He described them as “valuation-based models that simply split returns down into their … Read more

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Valuation Matters

What does it mean when we say a stock is “expensive”? While I was working for companies like Smith Barney and Oppenheimer, I would actually hear people say things like “$550 a share for Apple(AAPL)??? No. That’s way too expensive!!! … Read more

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