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A Follow up on Inflation: The Disparate Effects on Company Values!

Musings on Markets

Historical Data: 1930-2019 To see how this framework works in practice, let's start by looking at the performance of US stocks, across the decades, and look at the returns on stocks, broadly categorized based on market capitalization and price to book ratios.

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Data Update 2 for 2022: US Stocks kept winning in 2021, but…

Musings on Markets

When you augment this price change with the dividends on the index during 2021, the total return on the S&P 500 for 2021 was 28.47%. the 2019-21 time period would rank 8th on the list of 92 3-year time periods. The results are similar if you break stocks down based upon price to book ratios or revenue growth rates.

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

Consider, for instance, an investor who picks stocks based upon price to book ratios, who finds a stock trading at a price to book ratio of 1.5. The data for 2020 is available under current data, and data from previous years under archived data.