Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace
In what may be the best year for stocks since 2013, investors have exited in droves
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Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace
What Powered Such a Great Decade For Stocks? This Formula Explains It All
“Market Returns = Dividend Yield + Earnings Growth +/- Changes in the P/E Ratio
In his book Don’t Count On It, Bogle broke out these three components by decade on the U.S. stock market going all the way back to the year 1900. Here's an updated version through the third quarter of 2019:” - Ben Carlson
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At What Point Does Malfeasance Become Fraud?’: NYU Biz-School Professor Scott Galloway on WeWork
The inability of WeWork to bring its IPO to market believe it or not is a positive. The IPO would have sold shares to retail investors at a huge valuation only to let them bear the brunt of the loss.
“But there is a silver lining. The marketplace stepped in. The mandatory disclosure that the SEC requires in the form of S-1. The autopsy here will reflect death by S-1. Then, media and academics read the S-1 and started applying this incredibly prescient competence called math.” - Scott Galloway
Properly valuing a company before it comes to market validates the process and removes the froth before it can move downstream and inflict its harm on retail investors and the market in general.
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