US Existing Homes Sales Jump 20% in June
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further.
US Economy May be
Stalling as Virus Worsens
The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country.
What Does An EV /
EBITDA Multiple Mean?
The EV/EBITDA multiple is among the most popular techniques to value businesses. Applied properly, EV/EBITDA can be a very helpful tool. But a naive use of EV/EBITDA leads to valuation mistakes.
Source: BlueMountain Investment Research
Does Credit Affect Stock Trading?
The role of credit in ﬁnancial bubbles is theoretically ambiguous. On the one hand, it may help rational arbitrageurs to trade against a bubble; on the other hand, it may enable naive speculators to buy overvalued assets.
Source: Stanford University
Investing in the Unknown
Professor Richard Zeckhauser, of Harvard University, discusses investments with unique characteristics. Namely, that they deal in the unknown and unknowable.
Source: Harvard University
Measuring the Moat
Michael Mauboussin and team introduce a systematic framework for measuring the magnitude and sustainability of value creation, or moat, of a business.
Source: Credit Suisse
Investor Ray Dalio discusses the history of shifting financial markets, how paradigms develop and recur, and how to use the past to attempt to understand the future.