Not exact matches
No
matter which company you choose, it's likely
valuations will rise
over the next five to 10 years — the length of a typical cycle.
It doesn't
matter whether one looks at basic measures such as median
valuation multiples
over the past (bull market) decade, or whether one uses a more complex discounted cash flow model.
I often read that
valuations don't
matter over the short - term (a case often cited against market timing).
Over the course of a full market cycle however,
valuations are ultimately what
matter.
You can beat the market
over long term cycles with
valuation based asset allocation; it is the long run that
matters.
But considering today's low interest rates and relatively rich stock
valuations, I'd say it would be foolish to count on returns anything like those of the recent past or, for that
matter, even the roughly 10 % annual gains for stocks and 5 % for bonds
over the past 90 or so years.
Once you have control
over the
valuation process, it's just a
matter of finding a compelling idea and putting capital to work.
She has been a CPA for 28 years and has
over 20 years of experience in business
valuation for estate and gift tax
matters, marital dissolution and shareholder disputes.
He has
over 19 years experience in the
valuation, financial, accounting and tax aspects of marital dissolution
matters, which includes conducting business
valuations, gross cash flow analyses, and tracings, as well as performing Moore / Marsden and other dissolution - related accounting calculations.