We posted our estimates of fair value for each company in the Core Equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio to determine … Read more
We updated our estimate of fair value for each company in the Core Equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio to … Read more
We recently updated our estimate of fair value for each company in the Core Equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio … Read more
As we do at the end of each quarter, we update our estimate of fair value for each company in the core equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based … Read more
The U.S. equity markets, as measured by the S&P 500, reached new all-time highs today based on news that the Japanese central bank is increasing their measures of quantitative easing (aka “money printing”) beyond already unimaginable levels. Therefore, while the TV pundits and financial news media hyperventilate over today’s price action, we thought it would … Read more
We updated our estimate of fair value for each company in the core equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio to … Read more
We updated our estimate of fair value for each company in the core equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio to … Read more
We updated our estimate of fair value for each company in the core equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio to … Read more
We updated our estimate of fair value for each company in the core equity portfolio. Based on our estimate of fair value relative to the company’s current stock price, we determine the company’s current margin of safety. We aggregate the individual company margin of safety based on composite weight within the Core Equity portfolio to … Read more
“This will not end well” was our reaction to the Federal Reserve’s announcement that they will not taper their current efforts at quantitative easing. Equity valuations will continue to delink from reality while idle money will finally feel compelled to leave the sidelines and chase performance. We are now in the final act but we … Read more