Returns on Equity Amid the Financial Crisis, Redux
To have a full version of my article, with the equations that explain my reasoning, Returns on Equity amid the Financial Crisis. Thanks to all who read it.
Returns on Equity Amid the Financial Crisis
I wrote the following for the 2012 Baltimore Business Review. When it is publicly available on the web, I will highlight it. For now, I will offer you the unedited version of my paper that will be published there: -==-=-=-=-=-=-=-=–==-=–=-=-=-==–==-=–=-=-==-=-=-=-=-=-=-=-=-=-=-=-=- Returns on Equity amid the Financial Crisis Abstract From 2005-2010, the change in public...
Industry Ranks December 2011
I’m working on my quarterly reshaping — where I choose new companies to enter my portfolio. The first part of this is industry analysis. My main industry model is illustrated in the graphic. Green industries are cold. Red industries are hot. If you like to play momentum, look at the red zone, and ask the...
Improve the Position
It’s hard to take a loss. But taking losses is necessary to avoid even larger losses. This is prompted by Barry Ritholtz tweeting to me a piece he wrote 3 months ago called, Take The Loss. Good piece, worth a read. What I suggest to you today is that there is a better way to...
Industry Ranks September 2011
I’m working on my quarterly reshaping — where I choose new companies to enter my portfolio. The first part of this is industry analysis. My main industry model is illustrated in the graphic. Green industries are cold. Red industries are hot. If you like to play momentum, look at the red zone, and ask the...
On Long Only Equity Investing in Bear Markets
A reader sent me the following question: Hi David, this is shall be link to your impossible dream part 2 question. You mention in the article date May13 that we are probably at #4 part of cycle (looking back great called) Where are we in the part of the cycle? ( I would assume we...
Book Review: The Era of Uncertainty
Many fundamental investors have been shaped by Peter Lynch. Invest from the bottom up. Analyze companies, not the economy. Time spent on analyzing the economy is wasted time. This book takes the opposite approach. If you understand the economy, and think you know how GDP growth and inflation will go, you have a better...
Industry Ranks June 2011
I’m working on my quarterly reshaping — where I choose new companies to enter my portfolio. The first part of this is industry analysis. My main industry model is illustrated in the graphic. Green industries are cold. Red industries are hot. If you like to play momentum, look at the red zone, and ask the...
Industry Ranks March 2011
I’m working on my quarterly reshaping — where I choose new companies to enter my portfolio. The first part of this is industry analysis. My main industry model is illustrated in the graphic. Green industries are cold. Red industries are hot. If you like to play momentum, look at the red zone, and ask the...
Post 1400 — About to Launch
Every 100 posts, I take a step back, and think about where we have been. My, I have been a busy bee. And I have blogged more than usual over the last three months. In the recent past, I have completed my “Flavors of Insurance” series. I also wrote a series on investment modeling. And...
Industry Ranks December 2010
I’m working on my quarterly reshaping — where I choose new companies to enter my portfolio. The first part of this is industry analysis. My main industry model is illustrated in the graphic. Green industries are cold. Red industries are hot. If you like to play momentum, look at the red zone, and ask the...
The Portfolio Rules Work Together
Here are the eight rules with links to my recent pieces: Industries are under-analyzed, relative to the market on the whole, and relative to individual companies. Spend time trying to find good companies with strong balance sheets in industries with lousy pricing power, and cheap companies in good industries, where the trends are not fully...
