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The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)
amazon.com
4th Quarter Commentary January 2024
A perspective on historical economic eras and the implications for current market risks and investment strategies, with a focus on factors such as global trade, labor arbitrage, and the rise of China.
horizonkinetics.com
This is an excerpt from our latest Month In Macro report that was shared with all of our Bespoke and Research Suite Subscribers. Below we explain the primary drivers of total returns of a Treasury security (policy rates, policy rate expectations & term premia) and isolate the drivers of excess returns (policy rate expectations). Consequently,
... See morePrometheus Research • Treasury Markets: Policy Rates & Term Premia
The global economy has undergone a substantial change in the past few decades, with intangible investmentsnow dominating tangible ones. But our financial statements and traditional valuation techniques struggle tocapture these changes. Thoughtful investors go the extra step to understand what expectations are priced intoa stock and whether the comp... See more
Morgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation
"We help companies build, survive, and scale, but one of the main components of my job is understanding how and when the world is going to change. Our portfolio is a collage of various futures that we believe in, and our capital and expertise are assets to hopefully pull these futures forward."