Posts Tagged ‘Discount Rate’

Ruane Cunniff Goldfarb 2012 Annual Letter

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March 6, 2013

Portfolio management highlights extracted from Ruane Cunniff Goldfarb’s Sequoia Fund 2012 Annual Letter. These letters always make for pleasant reading, with candid and insightful commentary on portfolio positions and overall market conditions. Risk Free Rate, Discount Rate “Valuations for stocks are heavily influenced by interest rates, and particularly by the risk-free rate of return on […]

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Wisdom from David E. Shaw: Part 2

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July 2, 2012

Here is Part 2 of our summary (focused on portfolio management tid bits, of course) of an interview with David E. Shaw in Peter J. Tanous’ book Investment Gurus. For additional background and context, please see Part 1.   Risk, Hedging “The purpose of a portfolio optimizer is to trade off risk and return in […]

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PIMCO Wisdom

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March 11, 2012

PIMCO’s power brains often generate really interesting and unique analysis to common questions. The summary and thoughts below were derived from a recent presentation on asset allocation. Discount Rate Post US downgrade, and recent sovereign debt crisis, what are the implications for the actual figure of the risk-free rate? What about the equity risk premium? […]

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