Valuation

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Blog

18JUL 2019

Why value still matters hugely in this growth-obsessed world

Those who write off value off as an investment strategy are effectively saying investors should at no point care what return they are making on a company – and surely that cannot be the case

2019

JULY

05JUL 2019

Blog

Why investors should think hard before feeding a ‘unicorn’

We are all for technology and entrepreneurship, here on The Value Perspective, yet we do not believe buying so-called ‘unicorn’ businesses on elevated valuations is, on average, a sustainable way to make money

FEBRUARY

05FEB 2019

Blog

How value can help prepare for the ‘Brexit test’ – whatever it may be

How we have been preparing our portfolios for whatever Brexit brings has, unsurprisingly, been a question we have fielded with increasing regularity in recent months and years, here on The Value Perspective

2018

DECEMBER

14DEC 2018

Blog

How a measure of bitcoin’s worth proved worthless

This time last year, we suggested a new valuation measure being touted by the cryptocurrency sector was meaningless – and, as bitcoin trades at less than a fifth of its all-time high, its advocates now seem to agree

OCTOBER

22OCT 2018

Blog

Why this Chinese oil giant subsidiary may not be as great as it looks

Financial strength is a crucial consideration for value investors. Here is an example of the kind of work that can be necessary to build up a proper picture of a company’s health from its balance sheet

19OCT 2018

Blog

Beware markets that view losses as ‘the new profits’

2018 is on course to beat even 2000 as the record year for flotations by loss-making companies – suggesting investors are now as enthusiastic as they were at the end of the dotcom boom to pay up for future hope

18OCT 2018

Blog

Banksy’s shredded evidence differentiating investment from speculation

The words ‘investment’ and ‘speculation’ are often used interchangeably but they do have subtly different meanings – as this visit to the world of contemporary art should illustrate

AUGUST

10AUG 2018

Blog

What could Cristiano Ronaldo have to teach us about QE?

As the Premier League kicks off for another season, we return to the subject of football transfer fees and the important lesson it holds for investors who have benefitted from rising asset prices since the financial crisis