Learning that drives better investment decisions

Global Revenue Growth May Be Getting Closer to a Peak

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Chart of the Day: More than 17,000 companies worldwide have shown a strong revenue uptrend. We are now two years into this revenue uptrend and may be getting closer to a peak. Companies have been slow to expand their assets, unlike in prior stock market boom times.

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Volatility: A Gray Area

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In our Top 5 this week, we examine the nature of long-tails in investment and business, study certainty, and ask if volatility is risk. All this and more…

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Korean Gas Monopoly and World’s Largest Gas Importer

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Korea Gas Corporation was incorporated by the Korean government in 1983 and is the world’s largest liquefied natural gas (LNG) importer. Profitable Growth had sunk to the bottom in 2015 and stayed there until a slight improvement in the past 12 months.

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Asia ex Japan Is Trading around Its 10-yr Average Price-to-Book

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Chart of the Day: Global markets are expensive, not bubble yet. US 10-year bull run hitting its peak. Unlike the US, Asia valuations are not stretched. Developed Asia ex Japan appears cheap.

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VMC: How to Decide Between the CFA Program vs. an MBA Program

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When it comes to choosing CFA or MBA, it’s important to check out what will be required of you to attain it in terms of time and study, and what competitive edge each qualification will give your career. Here is how each type of certification will help you advance your skills, so that you can decide which one is right for you.

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Developed Markets Have Rebounded Recently, Emerging Markets Have Not Followed

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Chart of the Day: Developed markets have outperformed Emerging markets over the past decade and recently. Outperformance has been driven by the strong performance of the US market. US could be at risk, though.

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Is Loss Aversion the Answer?

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In our Top 5 this week, we examine Value’s recent subpar performance, catch up with the ongoing debates about index investing, and discuss loss aversion’s impact. All this and more…

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Yuzhou Properties Ranked in the Top 40% among Real Estate Companies Globally

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Yuzhou Properties Company Limited is a property development company with all of its revenue coming from major regional Chinese cities in the East. Profitable Growth returned to #4 in the past 12 months and ranked in the top 80 out of 200 large Real Estate companies worldwide.

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Fila Korea Controls Global Sportswear and Golf Equipment Brands

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In 2007, Fila Korea Limited acquired the global FILA brand. In 2011, a majority stake in Acushnet, with well-known golf brand Titleist, was acquired. Profitable Growth has been fluctuating and dropped to #9 in the past 12 months which is in the bottom 256 out of 1,280 large Consumers Discretionary companies worldwide.

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VMC: Mistake #3 – Growing Fixed Assets Slower than Revenue

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When forecasting, a good rule of thumb is that fixed asset growth should roughly match revenue. We know that investment and fixed assets are generally lumpy. Read more here on how to avoid the common valuation mistake #3 here…

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