Pattana Improve Limited offers investment research services, workshops, training courses and other investment analysis. To be re-launched in January 2020.
Offers bespoke investment workshops helping students of finance, analysts and managers learn about and implement investment techniques. The courses lean heavily towards cash flow valuation techniques, or their equivalents. The workshops are very much "hands on". Delegates keep both soft and hard copy illustrations of the tutorials and case studies and the respective model answers. Skills used in
06/06/2024
Interesting.
How money is really created in a modern economy Hint: central banks don’t have much to do with it. Stéphane Renevier’s got a breakdown that can help you understand the whole scene.
23/08/2023
At 10.47, the riposte to The Foxes Path at 700 metres,to the north of Crib Goch!!!
Marvellous to see this family group take in this difficult walk.
However, the lady with the long skirt gives me the Mountain Leader ibby-jeebies (!) as it seems that at any moment she might trip over it.
Bravo to the Dad taking his youngster in the back pack 🙏🙏🙏
09/03/2021
Detached Parabolas and Open Trap Doors - Hussman Funds Nothing so animates a speculative herd as a parabolic price advance in an asset detached from any standard of value.
18/08/2020
Very interesting research posted by Gillem-Tulloch.
NEWSLETTER: COMING HOME? | Research | GMT Research - The Accounting Research Firm The proposed Holding Foreign Companies Accountable Act could force hundreds of Chinese companies listed on US exchanges to delist over the next few ye...
29/07/2020
Interesting guys!
My CFA Level III pass left me unemployed, but it has its uses Don't presume passing all three CFA exams will keep you in work.
19/04/2020
For analysts who require to craft a "terminal" value after the finite forecasting period, this paper should be helpful:
Beyond the Planning Period - Tips on Crafting a Terminal Valuation (TV) Part I: The Impracticality of Forecasting to an Infinite Time Horizon Using the FCF Valuation Approach Makes the Construction of a TV Inevitable by Robert Richard Stockfis ::... Part I deals with some of the major theoretical issues and how they might be solved by the practitioner. Of concern to the analyst is the appropriate reinvestme
Tales from a fund manager: "Although we trimmed ~15% of the position at the highs (and would have sold more had the share price stayed up at these levels for longer).
Unfortunately we then continued to hold all remaining
shares throughout the -71% plunge to end-2018.
This situation somewhat bitterly reminds us of the old joke about the technical analyst and the
fundamental analyst. . .
They sit chatting in the kitchen when one of them accidentally knocks a knife
off the table.
The knife falls and lands point-first in the fundamental analyst’s foot. The fundamental analyst yells at the technician: “Ouch! Why didn’t you catch the knife?!”
He immediately answers: “You know we technical analysts don’t catch falling knives! Why didn’t you move your foot?”
After a moment of reflection, the fundamental analyst replies: “I didn’t think it could go that low.”
This has been a painful lesson in the importance of properly understanding the underlying cyclicality of the
companies in which we invest, as well as listening to the message that the markets are sending."