valuations
The leading Enterprising Investor articles from 2019 feature insights from some of the top luminaries in all of finance.
"What makes us uncomfortable about disruption is the uncertainty it brings into every number that we measure," says Aswath Damodaran.
Intangible assets are increasingly critical to corporate value, and new valuation methods need to be deployed to accurately calculate their worth.
Investment strategist Michael Mauboussin explains how investors could generate more accurate valuations and improve their investment decision making by avoiding common behavioral pitfalls.
What explains the recent surge in the S&P 500 index? We asked CFA Institute Financial NewsBrief readers what they thought was responsible for the strong performance.
Investors who are cautious on US equities today are quick to point to the CAPE, or Shiller P/E, as clear evidence of an overvalued stock market. Market bulls prefer to look forward and the promise of strong earnings, and they've been richly rewarded for their optimism over the past two years.
This article is meant to illustrate how, depending on the price, the stock of a great company may not be a great investment.
How accurately does the stock market discount the value of a business based on future streams of actual net income, plus an estimate of terminal value? Dell provides a real-world example.
Jeremy J. Siegel asserts that historical asset class returns, the prospect for continued strength in corporate earnings, and current valuation levels all support the case for investment in equities.
With the Shiller P/E for the S&P 500 currently standing at a 21.5 (approximately 30% higher than its long-term average), many value investors, including Cliff Asness of AQR Capital Management, have adopted a cautious stance toward US stocks.