Januari 2017

January 2017 Data Update 7: Profitability, Excess Returns and Governance

If asked to describe a successful business, most people will tell you that it is one that makes money and that is not an unreasonable starti...

I have described the cost of capital as the Swiss Army knife of finance, a number that shows up in so many different places in corporate fin...

There are three realities that you cannot avoid in business and investing. The first is that your returns and value are based upon the cash ...

In my last post, I pointed to currency confusion as one of the side effects of globalization. In this one, I will argue that as companies an...

There was a time in the not so distant past, where analysts could do their analysis in their local currencies and care little or not at all ...