Musings on Markets
MAY 20, 2022
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.
Musings on Markets
FEBRUARY 27, 2023
Cash generating capacity : Debt payments are serviced with operating cash flows, and the more operating cash flows that firms generate, as a percent of their market value, the more that they can afford to borrow.
Musings on Markets
JANUARY 6, 2023
Data universe : In my sample, I include all publicly traded firms with market capitalizations that exceed zero, traded anywhere in the world. Cost of Capital 3. For market data , where the updating is continuous, that is data as of the January 1, 2023. Cost of Equity 1. PE & PEG 2. Standard deviation in stock price 2.
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