The DuPont Factors illuminate the opportunity set.
Mr. Market is a price taker today on liquidity grounds alone.
It is wise to look for disclosures of material weaknesses.
Be mindful of the canaries and the opportunities to prevent signal loss.
Extreme risk/reward asymmetries are on display through the lens of “duration risk.”
Stretched fundamentals collide with duration risk creating risk/reward asymmetries.
Solid anchoring at the long end of the yield curve creates widespread risk/reward asymmetries.
The economy remains in an inflationary contraction, a recession by any other name.
In the torrent of information, we risk overlooking the very foundation upon which companies are built.
What is priced in is the question as today’s valuation dispersions are backward-looking.
Recent M&A within the industry by Amazon, CVS, and UnitedHealth Group sends a strong signal.
As the next upcycle nears, upward revisions could amplify the multiple expansion opportunity in retail.