- The Idea Farm
- "The reports of my death have been greatly exaggerated"
"The reports of my death have been greatly exaggerated"
Robeco explores the resurgence of the Value factor since the Covid-19 vaccine announcement roughly three years ago, with insights from ten key graphs.
AQR - Inflation and Tax Efficiency (3 pages)
AQR explains relationship between inflation and taxes, and why tax-efficiency becomes more valuable as inflation rises.
A Nominal Tax Rate of 23.8% turns into an Effective Tax Rate of:
Facts & Figures
Here are a few great charts from Crestmont Research.
P/E beyond 2023 is an estimate only, there can be no assurance it will be achieved and actual results may vary substantially.
Plus one more chart from Bespoke Investment Group: “the S&P 500 has spent 44% of trading days since 1952 within 5% of an ATH compared to just 40.5% of the time when the index has been down 10% or more from an ATH.”
What Else Is Happening
Did you miss last week’s email?
Meb Faber spoke with Jared Dillian about his new book, No Worries: How to live a stress-free financial life.