Keep it simple: 11 rules for equity valuations
from CFA Institute Enterprising Investor
“We need to do something,” James J. Valentine, CFA, told the audience at the CFA Institute Conference: Equity Research and Valuation 2017 in New York City. The asset management industry is, in Valentine’s words, “A house on fire,” with investors moving $1 trillion from active to passive US equity funds over the last decade. Valentine doesn’t anticipate that trend will reverse anytime soon, so equity analysts need to come up with solutions.
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