Aswath Damodaran: Globalization Backlash
April 1, 2025
In his recent article, NYU professor Aswath Damodaran shares his thoughts on how politics, globalization, and disruption has changed the investing landscape.
Bill Nygren: 2024 Q3 Commentary – The Importance of The Presidential Election
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By Borsgade
- - Published
In his latest Q3 2024 commentary, Bill Nygren answers a number of interesting questions from their investors.
Here are the key takeaways:
- Election Impact: The commentary suggests that despite the political environment, economic forces are more influential than political changes. Historically, the stock market has performed well under both Republican and Democrat administrations. A change in administration might facilitate business consolidations, benefiting certain holdings.
- Value Investing: Despite recent challenges, Oakmark believes in the resurgence of value investing. They adopt a broader definition of value that includes intangible assets like intellectual property, which are often overlooked by traditional value metrics like low P/E ratios.
Given a dysfunctional political environment, we are fortunate that economic forces are stronger than political forces. Every four years, we are told that this election is the most important ever. But the stock market goes up under both Republican and Democrat administrations.
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Disclaimer of liability
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
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