NOVEMBER 2019 Skirball Monthly Meeting ARCHIVE

Saturday, November 16, 2019

THIS IS AN ARCHIVE OF THE MEETING  HELD ON THE ABOVE DATE

STOCK MARKET UPDATE — DAVID SAITO-CHUNG

[ For Personal Use Only ]

VIEW/DOWNLOAD UPDATE SLIDESClicking will open new tab

TOPIC 1

Team member
Peter Lazaroff
Co-Chief Investment Officer, Plancorp

Navigating Uncertain Markets

The future is unknowable, and there are risks inherent to that. Our success in managing those risks will determine our success in investing. With markets hovering near all-time highs and interest rates in a state of flux, it has never been more important to understand how to approach volatile and uncertain markets. Back by popular demand, Peter Lazaroff provides his latest insights into the state of the economy as well as strategies to improve your chance of success.

You will learn…
  • 1. Where we are in the bull market cycle and implications for your portfolio
  • 2. Best predictors of future market returns
  • 3. Investment strategies for approaching volatile and uncertain markets

Peter Lazaroff is the author of Making Money Simple and Co-Chief Investment Officer at Plancorp, a national wealth management firm with more than $4 billion in assets under management. Lazaroff is a regular contributor to The Wall Street Journal and Forbes, while also appearing across a wide range of national television and print media. For the second year in a row, Peter was named to Investopedia’s Top Most Influential Financial Advisors. Lazaroff is both a CFA Charterholder and Certified Financial Planner (CFP).

CLICK TO VIEW PRESENTER'S SLIDESClicking here opens in new tab

TOPIC 2

Team member
Brian Nelson CFA
President of Equity Research, Valuentum Securities

Value Trap: Theory of Universal Valuation

The presentation covers the pitfalls of valuation multiples (e.g. p/e, p/s ratio), traditional quantitative analysis (e.g. value factor, size factor), and the great contradiction between factor investing and the efficient markets hypothesis. The presentation shows how enterprise valuation rests at the intersection of behavioral economics, quantitative theory, equity valuation, and therefore finance, itself. Mr. Nelson will talk about how enterprise valuation can be used to identify bubbles, and how it’s valuable for dividend-growth and income investing.

— SPECIAL NOTICE —

Attendees will receive a free paperback copy of Brian’s new book, Value Trap: Theory of Universal Valuation! Limited to the first 100 attendees.

You will learn…
  • 1. The pitfalls of valuation multiple analysis and the risks of extrapolating some empirical quantitative conclusions
  • 2. A critical framework to view and interpret stock price movements and stock valuation
  • 3. The universal nature of enterprise valuation to all things finance from competitive advantage analysis to dividend growth investing and beyond

Brian Nelson is the president of equity research and exchange-traded fund (ETF) analysis at Valuentum Securities. Before founding Valuentum in early 2011, Nelson worked as a director at Morningstar, where he was responsible for training and methodology development within the firm’s equity and credit research department. Nelson developed Morningstar’s discounted cash flow model used to derive the fair value estimates for the company’s entire equity coverage universe. He holds a bachelor’s degree in finance with a minor in mathematics and graduated magna cum laude from Benedictine University. Nelson earned an MBA from the University of Chicago Booth School of Business and is a holder of the right to use the Chartered Financial Analyst (CFA) designation.

PENDING APPROVAL - PRESENTER'S SLIDESPENDING APPROVAL
div#stuning-header .dfd-stuning-header-bg-container {background-image: url(https://aaiila.org/wp-content/uploads/2018/08/slide_skirball-1.jpg);background-size: initial;background-position: center center;background-attachment: initial;background-repeat: initial;}#stuning-header div.page-title-inner {min-height: 400px;}