We revisit "Valuing The Automotive Industry" our in depth report from last year. "Valuing The Automotive Industry" (Nov. 2021) Hello and welcome back to "Reflections on Investing with the Cornell Capital Group." One year ago today, the Cornell Capital Group…
In October of 2021 we reviewed the Howard Marks Checklist from Mr. Marks' book "Mastering the Market Cycle." Since then conditions in the market have changed dramatically so we felt it was time to revisit Mr. Marks' checklist. Welcome back…
The market's worst day of 2022 was September 13th when the Bureau of Labor's Consumer Price Index came in higher then expected. A month later the next CPI release was a similar surprise however the market's reaction to that news…
We explain the approach to valuing the S&P 500 developed by NYU Professor Aswath Damodaran a co-author with our senior advisor Professor Bradford Cornell, and explain its relevance to current market conditions.
Efficient markets If markets are efficient in that prices always reflect fair value and expected returns on stock are constant, why would anyone need an investment manager? There are two answers. The first, put forth by Sandy Grossman and…
There is an inverse relationship between current investment performance and expected future performance. Understanding why is a key to maximizing long-run risk adjusted returns.
Building off our previous episode, we dig into the relationship between current price ratios, future expected earnings growth, and future stock market returns. It turns out there are important practical implications for investment management.
Finance theory in recent years has stressed the importance of changes in the discount rate for explaining movements in stock prices. In this video, we describe how this works using data provided by Prof. Aswath Damodaran. You can find both…
