Remove Covariance Remove Dividends Remove Marketability
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The Factors that Matter for Growth in Institutional Ownership

Reynolds Holding

equity market. Institutions may exhibit differential growth in ownership due to the difference in return on the assets under management relative to the market return. The investors that do not are left holding a larger portion of the firm, whose market value has declined due to the buyback.

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The School Bell Rings: Time for Class!

Musings on Markets

In the years that I have taught these two classes, I find myself using my corporate finance framework constantly, when valuing companies, and bringing my understanding of valuation into play, when examining how companies should make investing, financing and dividend decisions.

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A Return to Teaching: The Spring 2023 Edition

Musings on Markets

Pre-game Prep If there is a lesson be learnt from the last few years of market mayhem, it is that far too many investors, professional as well as retail, seem to have lost their moorings (or never had them in the first place), when it comes to the basics of accounting, finance and statistics. firms in emerging markets or private businesses.