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Showing posts from April, 2019

If a company has a low price to book ratio, does this mean its stock is undervalued?

Read Martin Pretty 's answer to If a company has a low price to book ratio, does this mean its stock is undervalued? on Quora
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Ten Thousand Words - April 2019

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Apparently , Confucius didn’t say “One Picture Worth Ten Thousand Words” after all. It was an advertisement in a 1920s trade journal for the use of images in advertisements on the sides of streetcars. Even without the credibility of Confucius behind it, we think this saying has merit. Each month we share a few charts or images we consider noteworthy. In the wake of the Lyft IPO,  VC investor Josh Wolfe shows us  that  63 companies were valued over $1 billion at IPO in the US,  50% were profitable in the year before IPO ; Crescat Capital highlights record flows into a key US equities ETF and Blue Mountain Capital Management shows us why this may be a negative signal - i nvestors expect high returns after  realizing high returns (and expect low returns after  realizing low returns) but reality runs counter to those expectations; meanwhile Robeco's Jeroen Blokland highlights that investors continue to pour money into negative yield debt (to be clear, that means they are paying the b
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