MiB: Brooke Lampley, Sotheby’s Vice Chair of Fine Art
This week I sit down with Brooke Lampley, vice chairman of the fine art division at Sotheby’s. Lampley is a specialist in...
How Much Should Fair Value Matter to Investors?
Stocks Are Pricey? It Depends The real question is: Relative to what? Bloomberg, January 5, 2018 How cheap or...
Effects of Inflation on Market Capitalization
Source: NYTimes Fascinating pair of charts from NYT showing the impact of inflation on relative market cap. Look at the inflation...
Emerging Markets: Best Gains in 8 Years
Emerging Markets Shrug Off Crises For Best Gains in Eight Years Source: Bloomberg Straight forward: “2017 is set to go down...
How Expensive Are Stocks?
Source: Schwab Thought provoking discussion on valuations from Jeff Kleintop at Schwab: • Although world stock market valuations...
America’s Top 10 Companies: 1917-1967-2017
Fascinating look at how much things change over 50 to 100 years: “[The] historical sequence for 1917, 1967 and 2017. The size of...
Beware Lists of Giant Winners
You can tell we are getting later in the cycle of a market when people start to notice all of the giant winners they missed. In 2010 or...
What Does a $450M DaVinci Tell Us About Markets?
In Search of Market Signals in the $450 Million Da Vinci Price contains information, but how much does an outlier art sale say about...
Stock Market Valuation and the Macroeconomy
Stock Market Valuation and the Macroeconomy Kevin J. Lansing FRBSF Economic Letter, November 13, 2017 History...
Tech Gained $1.7 Trillion in 2017
Via Bloomberg comes this astonishing number: “Between the FAANG quintet and China’s rivaling BAT companies, gains in the...