Monthly Archives: January 2015

In this piece, I’m going to show that the profit margin expansion seen in the U.S. corporate sector over the last two decades has been driven largely by gains in the financial and technology sectors.  I’m then going to examine arguments … Continue reading →

In the previous piece, I offered a definition of the investment concept of “intrinsic value.” Intrinsic value is the value that the owner of a security realizes from holding the security, rather than selling it. To determine the intrinsic value … Continue reading →