Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks

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intangible assets

CAPE’s halo falls with a thud

  • by Rodney Smith
  • Posted on January 23, 2022January 23, 2022
  • Part 5: Asset Management

CAPE is ignorant of interest rates

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The emergence of a new model of capitalism

  • by Rodney Smith
  • Posted on December 26, 2021December 26, 2021
  • Part 6: The Hallmarks of Superb Businesses

The first step for investors is to come to a new understanding of reported earnings and the book value of equity.

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My thoughts about GMO’s ‘GROWTH BUBBLE’

  • by Rodney Smith
  • Posted on October 17, 2021October 19, 2021
  • Part 5: Asset Management

Using trailing twelve months earnings that are impacted by a recession is a mistake

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Heart of stock valuation: subtleties of free cash flow

  • by Rodney Smith
  • Posted on January 24, 2021January 24, 2021
  • Part 7: Building and Managing a Portfolio

If a company’s capital expenditures are simply maintaining the company’s position in its markets, it free cash flow may be unduly high

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Stock valuation in an age of intangible assets

  • by Rodney Smith
  • Posted on November 29, 2020December 1, 2020
  • Part 7: Building and Managing a Portfolio

About forty years ago Buffett experienced a Damascene conversion

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What you need to know about bubbles

  • by Rodney Smith
  • Posted on September 13, 2020October 24, 2020
  • Part 5: Asset Management

I am not attuned to this market environment, and I don’t want to spoil a decent record by trying to play a game I don’t understand just so I can go out a hero.

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Problems with CAPE Part lll

  • by Rodney Smith
  • Posted on May 3, 2020October 24, 2020
  • Part 5: Asset Management

Wrap up on the drawbacks of CAPE. A fair level for price earnings ratios has changed over the years.

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Problems with CAPE – Part ll

  • by Rodney Smith
  • Posted on April 26, 2020December 1, 2020
  • Part 5: Asset Management

Investors are reading CAPE all wrong.

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Financial strength – the debt equity ratio has serious shortcomings

  • by Rodney Smith
  • Posted on April 12, 2020March 21, 2021
  • Part 6: The Hallmarks of Superb Businesses

No company under consideration will even be close to scrambling to pay its creditors.

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How to identify great companies to invest in – Part ll

  • by Rodney Smith
  • Posted on March 29, 2020November 22, 2020
  • Part 6: The Hallmarks of Superb Businesses

Some companies are in the seemingly fortunate position that they can maintain profit margins simply by raising prices.

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