Not exact matches
However, as this recent Forbes article
points out, the crowd typically pays for its lack of sophistication
through higher prices (
valuation) and less preference.
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.
The limited - time elevated welcome bonus (available
through July 6) of 50,000
points is worth $ 600, based on TPG's
valuations, but the other benefits can help New York - based travelers in the long term.
In fact, according to The
Points Guy
valuation chart, these card
valuations are both currently valued at 2.1 cents each, even though they are worth less if you use them to book travel directly with Chase instead of
through its travel partners.
Ultimately, I think I've just been
through enough market cycles and seen lofty market
valuations get crushed enough times to error on the side of caution at this
point in time.
Further to my
point that if your
valuation models use forward estimates rather than twelve - month trailing data, you're doing it wrong, here are the results of our Quantitative Value backtest on the use of consensus Institutional Brokers» Estimate System (I / B / E / S) earnings forecasts of EPS for the fiscal year (available 1982
through 2010) for individual stock selection:
The main
point of this rule is to think
through the capital structure of a corporation, and look at the relative
valuations.
However, with the advent of the Chase Sapphire Reserve, card holders can now directly book flights
through Chase with a
valuation of 1.5 cents per
point.
And then of course if you use it
through the portal and stuff, you get even a bigger
valuation out of those
points.
I'll use a conservative
valuation of 1.25 cents per
point based on their cash value when used to book travel
through Ultimate Rewards» own travel agency.
When the travel expense in question could be booked
through an award but only at a low
point valuation, it may be better to pay out of pocket.
The card also offers you solid everyday earning of 1.9 % on all purchases (again based on TPG's
valuations), but you can also earn double Membership Rewards
points for all purchases made
through the American Express Travel website.
Taking the referral
points out of it, which are worth $ 1500 (valuing Amex
points at 1.5 cents — the
valuation with a 35 % bonus refund when booking revenue tickets
through Amex travel) I'm still breaking even on the card.
The limited - time elevated sign - up bonus (available
through July 6) of 50,000
points is worth $ 600, based on TPG's
valuations, but the other benefits can help New York - based travelers in the long term.
Real Estate Services are offered
through brands including Newmark Knight Frank, Newmark Cornish & Carey, Berkeley
Point, ARA, Computerized Facility Integration, Newmark Knight Frank
Valuation & Advisory, and Excess Space.