valuation

“A lot of people believe it lowers volatility of the stock. That's not true. Or increases valuation, the credibility premium, yet that doesn't exist.”

“We think there are some sustainable factors that add value, like valuation and momentum and quality. Size is a little more questionable, in our opinion, but we're still looking at factors all the time.”

“In our research, luckily, those categories are honestly straightforward and simple. They're things like valuation, things like momentum, quality, return of capital. They're not crazy concepts. You just have to apply them with a lot of discipline, and I think t…”

“In the first stage of bear markets, everything tends to go down the same, and if anything helps, it's quality. In the second phase, valuation tends to matter. That doesn't mean value stocks always outperform in the second phase. It is the stuff that has gotten…”

“Now, what's interesting is in the earlier stages, the mean has gone up, but the median has not gone up all that much.”

“There's no doubt we are deglobalizing. The obvious impact is higher inflation. It's higher inflation, it's lower margins, higher structural interest rates, which makes for lower valuations.”

“One of the really key things we've learned is that the decision to pursue work on a particular company is usually done with an idea of what you think the valuation is before you've done the valuation.”

“And for them to keep going, you needed to keep doubling and tripling your media rights every seven, 10 years. So I just thought it was the right time, and it's bittersweet.”

“Every market valuation for any stock, public company, private company, even bond, is a number from today multiplied by a story about tomorrow. That's the basic mechanism of valuation. A number from today, like earnings per share, and a story about tomorrow, wh…”

“Valuation is a lot more important for companies that have been around for a long time than a brand new entrant to the public markets.”