What Is Driving The Stock Market

We share our perspectives and present five long term historical charts including return on invested capital using Russell 3000, which is made of 3000 large US companies, as determined by market capitalization. This portfolio of securities represents approximately 98%...

Investment Style and Composition of Total Return

 Investment style started to get attention in the mid-90s, and it was used to classify managers’ bias by the groups of type of strategic focus. The typical styles include “value vs. growth”, “domestic vs. international”, and...

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...