Trading your own equity
findthemoat By definition, value oriented investment processes seek to derive a fundamental valuation of a company independent of its market valuation – end game being to identify a mismatch between the…
Financial Ratios as a System Input
Companies are essentially dynamic systems comprising of numerous moving components subject to a myriad of internal (e.g. management) and external (e.g. competition) forces. Financial statements in turn provide periodic snapshots…