Fundamental Analysis

The PE of Luxury- Why Hermès and Ferrari Never Look Cheap

The P/E of Luxury: Why Hermès and Ferrari Never Look “Cheap”

Analysis & Valuation, Fundamental Analysis, Investing, Investment Strategies, Ratios, Status & Signaling

There is a particular kind of frustration that value investors know well. You pull up the financials of Hermès or Ferrari, you see the price to earnings ratio, and you close the tab. Forty times earnings. Fifty. Sometimes more. The numbers look like a typo. Surely the market has lost its mind. Surely this will […]

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Dividends vs. Buybacks- Which One Is Actually Putting Money in Your Pocket?

Dividends vs. Buybacks: Which One Is Actually Putting Money in Your Pocket?

Investing, Dividends, Fundamental Analysis

There’s a strange ritual in corporate finance where companies decide what to do with their profits. They can hand the cash directly to shareholders via dividends, or they can buy their own stock back from the market. One feels like getting paid. The other feels like a magic trick where your slice of the pie

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