Finally, the 2000 market peak was like paying $ 100 for a $ 100 claim 12 years later, consistent with my projections at that time, based on
similar valuation considerations.
The Strategic Growth Fund and Strategic International Equity Fund remain tightly hedged here, but it bears repeating that our defensiveness at present is not driven
by valuation considerations alone, nor by our broader concerns about underlying debt and mortgage conditions.
Furthermore, I would like to add some additional color and clarity on how and why I believe a P / E of 15 is so important and relevant to
valuation considerations on common stocks.
The primary benefit of the market action criteria was in avoiding risk, while nearly all of the gains from applying our approach would have been attributable to
the valuation considerations we use.
This structure is based on a purely mathematical fit to price behavior, and does not reflect
any valuation considerations.
For those who think about individual business valuations as an important underpinning of equities, rising stock prices bring with
them valuation considerations which we have talked about in previous letters.
In the long - term,
valuation considerations are essential.
Most importantly,
valuation considerations were not made as I simply ran each company over the timeframes listed above.
Moving on to the topic of valuations and chartered surveying, here Campbell D Ferguson, FRICS, the Director of Survey Spain, a firm that has been carrying out valuations throughout Spain for the last 13 + years, discusses
the valuation considerations expert witnesses have to make in the specialised field of chartered surveying.
The first day featured four concurrent sessions on hot topics such as Capital Formation and Fund Structures, Co-Investment Relief, Accounting and
Valuation Considerations, and Regulatory and Compliance Hotspots.