Category: Global Finance

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed...

In my last post, I looked at equities in 2023, and argued that while they did well during 2023, the bounce back were uneven, with...

Heading into 2023, US equities looked like they were heading into a sea of troubles, with inflation out of control and a recession on the...

Continuing an annual ritual of long standing, ahead of starting my spring teaching at NYU starting in a couple of weeks, I would like to...

    In January 1993, I was valuing a retail company, and I found myself wondering what a reasonable margin was for a firm operating in...

    Can one person make a difference to the value of a business? Of course, and with small businesses, especially those built around personal services...

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never...

     I have made no secret of my disdain for ESG, an over-hyped and over-sold acronym, that has been a gravy train for a...