- The Idea Farm
- What Drives Total Shareholder Return?
What Drives Total Shareholder Return?
“Risk is a healthy respect for the unknown.”
Michael Mauboussin & Dan Callahan separate fact from fiction about what truly drives total shareholder returns.
Facts & Figures
Prosecutors say Sam Bankman-Fried had over 1,000 calls with reporters this year. Source: The Journal
One-third of the children of the very richest families scored a 1300 or higher on the SAT, while less than 5% of middle-class students did. Just 1 in 5 children from the poorest families even took the test. Source: The New York Times
“Of 225 actively managed strategies in the eVestment database that list the MSCI EAFE index as their preferred benchmark, 184% are underweight Japan by an average of 7.5% as the chart below indicates.” Link
“This is the boldest outperformance by stocks who pay a 0% dividend since the data commenced in 1927.” Link
Torsten Slok, Chief Economist at Apollo, on the US stock market valuation compared to the past 20 years. Link
Many investors worry about US debt levels…yet, they still refuse to invest outside the US. Link
Cliff Asness discusses market bubbles, the combination of value and momentum factors, the parallels between between decision-making in sports and investing, and more.
Professor Damodaran covers a range of topics, including Nvidia, macro risks, formulating a personal investing philosophy, and more.
Mike Green and Bob Elliott share their thoughts on the late cycle slowdown coming throughout the end of 2023 & into 2024.
WHAT ELSE IS HAPPENING
Meb Faber recorded a Radio Show with Corey Hoffstein about the current market environment, Roaring Kitty, the Bitcoin ETF & more.
Deal of the Week: BOXT solves the problem of opening a bottle for just one glass. With the equivalent of four bottles in each BOXT, our fine wine on tap stays fresh for 6 weeks and we deliver it to your door, every month, direct from our winery in Napa. Use code Meb20 for $20 off your order.