Not exact matches
A year ago, the term «unicorn» seemed to get bandied
about as if $ 1 billion was the starting
point for
valuations and not a benchmark of achievement.
Based on The
Points Guy's
valuations, those are worth
about $ 1,140, which alone makes up for two years of the annual fee.
One popular criticism of market - cap - weighted stock - market indexes is that they reinforce overvaluation, and if you are worried
about occasional oddities in Chinese stocks — stocks that go up by their daily limit every day for weeks after they go public, for instance — then adding those stocks to international indexes at this particular
point in the
valuation cycle might worry you.
If those factors were positive here, our concerns
about immediate downside risks would be less
pointed, regardless of current
valuation extremes.
If one has the wisdom to question their beliefs by actually testing them against data, thinking carefully
about valuations, and studying the course of market cycles across history, none of these
points should be surprising.
As we
pointed out in our post last week, a withdrawal rate strategy should respond to market factors like equity
valuations and bond yields as well as personal factors like age, retirement horizon, and expectations
about pension and Social Security benefits.
I understand your
points about valuations Dylan.
From that standpoint, there's no chance that the 2009 low was the beginning of a secular bull, both because
valuations weren't nearly low enough (prospective 10 - year returns briefly exceeded 10 % annually, but were nowhere close to those accompanying the beginning of previous secular bulls), and also because at present,
valuations are already
about the
point where one would look for a secular bear to start.
After years of writing glowingly
about the long - term investment results that were available in the tobacco sector, I
pointed out the trouble that lurked ahead for Altria shareholders that paid $ 75 per share for Altria last year as the
valuation crossed over into a territory that had no historical support, and now the stock is at $ 55.
While reading through the transcripts of some of Greenblatt's classes at Columbia, I noticed he mentioned a similar
point about being average at
valuation work (not really better than anyone else in the business), but being above average at putting the information in context, remembering the big picture, and being able to pinpoint what factors really matter to an investment.
While we often have very strong views
about long - term and full - cycle market outcomes (based on
valuation measures that we find strongly correlated with those outcomes in market cycles across history), we rarely have
pointed short - term market expectations.
Now, I must
point out: i) Independent News & Media is currently in the throes of a debt & pension restructuring — this could possibly improve things, but I'm not convinced it's going to be sufficient, and / or dilution for existing shareholders might be so bad ultimately the shares might as well be worthless, and ii) I still say my zero
valuation for Continental Farmers Group was
about right (God, just look at cash, debt & cashflow in their latest results), but shareholders are v fortunately getting bailed out by the Saudis at GBP 36p per share.
Chuck begins by making a
point that I know from years of personal experience is on the mind of just
about every Buy - and - Holder who has ever heard the terms «P / E10» and «
Valuation - Informed Indexing.»
100,000 Marriott
points is worth
about $ 800 in travel based on a
valuation of.8 cents per
point.
but miles /
points transfers not all
about the
valuation.
Hyatt is one of the best hotel transfer partners with a
valuation of
about 1.4 cents per
point, but they have relatively few properties.
Southwest Airlines offers a more objective
valuation of
about 1.4 cents per
point, but it doesn't offer a premium cabin or access to other airline partners.
Every person's
valuation is different; the
point is to think
about how you can make the best of the situation.
A cross-country roundtrip is
about 5,000 miles, so on a $ 300 ticket costing 24,000
points, we're effectively burning only 19,000
points, which adds roughly another 0.25 cents per
point to the
valuation.
Its
points are worth
about 1 cent each no matter how they're redeemed, according to NerdWallet
valuations.
Whether you buy a Blue or Mint ticket, you'll get
about 1.4 cents per
point upon redemption, according to NerdWallet's
valuation.
You would earn 25,000
points, or
about $ 475 worth of
points given our current
valuation.
The
valuations exercise is a complicated bit of math; however, Pellarin says, «there are
about five or so common errors that valuators make that can be
pointed out somewhat readily in cross-examination.»
That is a very good
point about the land
valuation.
One simple method is
pointing out what Zillow publishes on its own website
about its Zestimates: «The Zestimate home
valuation is Zillow's estimated market value, computed using a proprietary formula.