The Collision of Arithmetic & Over-Optimism – Why Today’s Larger Cap Growth is More Precarious than the Nifty Fifty
Introduction: This paper seeks to discredit the “quality & growth at any price” thesis underpinning many of the market’s leading growth firms. Kailash intends to review and provide evidence ...
IPO Stocks are the New Staples – History & Current Data Suggest that is as Silly as it Sounds
Introduction: Price Action Does Not Always Reflect Value Financial Pornography: 1999 & Today Conclusions & Exhibits Introduction: Price Action Does Not Always Reflect Value A recent Barron’s article cited ...
Is It Any Wonder Berkshire is Shopping in Japan?
In our September 4th paper, IPO Stocks are the New Staples – History and Current Data Suggest that is as Silly as it Sounds, we submit historical evidence that Tesla’s ...
Growth Stock Mania and the Risk of Timing Markets
The Hazards of being In the Grip of a Growth Mania The Resurrection of Value Post a Period of Manic Growth Conclusion & Exhibit The Hazards of being In ...
This Time is Different – The Death of Valuation
Introduction: An Old Story The Rich (expensive growth) Get Richer…and Poorer Conclusions & Exhibit Introduction: An Old Story A recent article from Bloomberg counted a leading quant from one ...
How to Build a Growth Stock 1999 & Today
Introduction: A Quick & Imperfect Review of Akamai Kailash’s view on Carvana: How to Make Money by Losing Money Conclusions & Exhibit Introduction: A Quick & Imperfect Review of ...
A Preference for Getting PAID: Durable Dividends & the Market’s Dichotomy
Introduction: The Dividend Disparity Crash Cushions Fundamentals Conclusions & Exhibit Introduction: The Dividend Disparity These are heady days for the beneficiaries of central bank infusions, government stimulus, and the ...
60/40 Portfolio: Buying a Ticket on the Titanic
Asset Allocation: Expensive Equities & Risky Bonds An Imperfect Solution in a Land of Low to Negative Yields Conclusion: The Benefits of Balance Asset Allocation: Expensive Equities & Risky ...
Value Investing and Manias Part II – Navigating a World with Financially Defective Narratives
Introduction: Financially Defective Narratives The Value Giant: Not Dead, Just Sleeping Why Spreads Will Reverse: The Resurrection of Value Investing Introduction: Financially Defective Narratives In our last piece, Value ...
Value Investing & Manias – A Brief Defense of History
Introduction: Buying Low & Selling High How Cheap is Value vs. Growth Today? December 2016 – Today: The Anti-Gravity Anomaly Conclusion Introduction: Buying Low & Selling High Buying low ...
Durable Dividends – Searching for Safety & Income During Uncertain Times
Introduction: The Decline in Dividends A Simple Solution to a Complex Problem A Financial Fort Knox Conclusion Exhibits Introduction: The Decline in Dividends As economies stumble in a manner ...
The Biggest Losers at the Peak – Economic Delusions During a Pandemic
Introduction: Profitless at the Peak Large Cap Small & Mid Cap Conclusion Exhibits Introduction: Profitless at the Peak The bull market of the last 10 years has moved relentlessly ...
