Businesses purchase insurance for vehicles, property, liability, and employees, among others. Workers’ compensation insurance is mandated by law, but most other coverages are purchased regardless. Actuarial data on historical loss trends is prevalent, but less reliable for extrapolation, for the...
Read More
After a decade where the dramatic outperformance of growth stocks left many value investors scratching their heads, the recent rise in interest rates has poured cold water on high-flying tech stocks and helped swing the pendulum back to value stocks. In particular, the financial sector, which...
Read More
Coronavirus Pandemic
The COVID-19 global pandemic continued to have massive implications during the second quarter, as cases continued to rapidly rise in the United States. The unemployment rate reached 14.7% in April, and U.S. GDP is estimated to have contracted by over 30% in the quarter after...
Read More
From publicly traded entities to mom and pop operations, restaurants have been one of the hardest hit industries during the coronavirus pandemic. With some U.S. regions facing a new surge in virus cases, restaurant business models are again under investors’ microscope.
In this blog, we share how...
Read More
Multiple expansion has been a tremendous contributor to the outperformance of growth stocks since the Global Financial Crisis. Has it gone too far?
The below chart illustrates the valuation differential between deep value and high growth stocks since the late 1980s. One can see that the difference...
Read More
Is value investing dead? It’s a question that has been posed time and time again over the past few years as growth stocks continued to outperform. Many investors assumed a recession would cause the pendulum to swing back toward more reasonably-valued or undervalued stocks, but given the unique...
Read More
