OUTPERFORM
Articles | BALASTONE
What research has BALANSTONE done?
Articles of now and then that tell what we have thought through and done to outperform as well as how carefully distant we were from the crowds fundamentally.
From the big picture to the in-depth company analysis.
Apple Valuation | Valuing an Excess Cash Company
When dealing with a company valuation with excess cash, what steps to take first? First, you need to make a split. Apple valuation is a very good sample and it can be done in a simple manner. I split Apple into Cash Apple and Operating Apple as follows. Assuming...
What Causes Inflation
Why do we, the investment professionals, ask what causes inflation and need to get equipped with an accurate idea of the long-term trend of inflation? As the decline in the cost of capital has had a strong influence on the discount rate for future excess return, the...
Views on Valuation | Price to Earnings and FCF Yield
There is a rise in the general views on valuation that the equity valuation overall is getting stretched. Let's focus on price to earnings and FCF yield and find if this is the case. Overall, the trend is moving upwards. PER increased from 09 to 14 more than from 14...
Virtual Reality Industry
As everyone knows, virtual reality is one of the new UX in the video and technology industry that is anticipated to drive the future. Both Sony and Microsoft have released their schedule of general availability of the new system and the head-mounted display...
Japan Economy According to Krugman
Krugman provided his proposal on the problem of Japan economy back in 1998, which centered on the liquidity trap and inflation expectation. It recommended using monetary policy aggressively to boost inflation expectation to get it out of the liquidity trap (where the...
What is a Fundamental Strategic Focus Investing, and Why Is It Crucial for Long Term Equity Investing?
There are many types and styles of active equity & long term investing. But each has a distinct strategy built upon a fundamental and strategic perspective, either explicitly or implicitly. What is a fundamental strategic focus investing, and why is...
Investing in Commodities
Last night I picked up a book written in 2006, looking for a history on the commodity. What I found was the book “Global Perspectives on Investment Management: Learning from the Leaders.” The book covers many topics, including ethics, private...