Thanks to people like Montier and sites like Greenbackd and Turnkey, I'm much less evangelical about «strong»
fundamental valuation methodologies, and much more open to systematic quant approaches that do their best to eliminate the various behavioural issues that come hardwired in the human brain.
The Sector Scorecard's proprietary
methodology measures the relative attractiveness of each sector as measured by 4 key factors: business cycle,
fundamentals, relative
valuations, and relative strength.
Estimates of prospective long - term returns for the S&P 500 reflect our standard
valuation methodology, focusing on the relationship between current market prices and earnings, dividends and other fundamentals, adjusted for variability over the economic cycle (see for example Investment, Speculation, Valuation, and Tinker Bell, The Likely Range of Market Returns in the Coming Decade and Valuing the S&P 500 Using Forward Operating E
valuation methodology, focusing on the relationship between current market prices and earnings, dividends and other
fundamentals, adjusted for variability over the economic cycle (see for example Investment, Speculation,
Valuation, and Tinker Bell, The Likely Range of Market Returns in the Coming Decade and Valuing the S&P 500 Using Forward Operating E
Valuation, and Tinker Bell, The Likely Range of Market Returns in the Coming Decade and Valuing the S&P 500 Using Forward Operating Earnings).
Estimates of prospective long - term returns for the S&P 500 reflect our standard
valuation methodology, focusing on the relationship between current market prices and earnings, dividends and other
fundamentals, adjusted for variability over the economic cycle.