Remove 2024 Remove Firm Value Remove Market Capitalization
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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

Since I am lucky enough to have access to databases that carry data on all publicly traded stocks, I choose all publicly traded companies, with a market price that exceeds zero, as my universe, for computing all statistics. Costs of equity & capital 1. Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3.

Dividends 105
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Are the Big Three Asset Managers Beneficial Stewards or Corporate Overlords?

Reynolds Holding

At the end of the first quarter of 2024, BlackRock’s assets under management (AUM)accounted for $10.5 The Big Three hold just over 20 percent of total market capitalization in the U.S. This has led to the formation of a “latent network” of firms, connected by a few large investors. trillion and $4.3

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Data Update 1 for 2023: Setting the table!

Musings on Markets

Data universe : In my sample, I include all publicly traded firms with market capitalizations that exceed zero, traded anywhere in the world. Cost of Capital 3. Standard deviations in equity and firm value 4. Debt ratios (Debt to capital, Debt to EBITDA) 1. Cost of Debt 2. Price to Book 3.

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Data Update 1 for 2025: The Draw (and Danger) of Data

Musings on Markets

Not surprisingly, the company listings are across the world, and I look at the breakdown of companies, by number and market cap, by geography: As you can see, the market cap of US companies at the start of 2025 accounted for roughly 49% of the market cap of global stocks, up from 44% at the start of 2024 and 42% at the start of 2023.

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Data Update 5 for 2025: It's a small world, after all!

Musings on Markets

In this post, I will expand my analysis of data in 2024, which has a been mostly US-centric in the first four of my posts, and use that data to take you on my version of the Disney ride, but on this trip, I have no choice but to face the world as is, with all of the chaos it includes, with tariffs and trade wars looming.