Convince me in 15 minutes that international markets offer more for your buck in terms of profitability and value
With Brian Chingono, Partner and Director of Quantitative Research of Verdad Advisers
1:15 Two ways to outperform the market. Either you pay a cheaper price for future profits (value) or you pay a market price for profits that will grow faster than expected (growth)
2:29 The difficulties of predicting future earnings growth
4:34 Why gross profitability can compensate for the problems with value and growth approaches to investing
6:27 Profitability across geographies and among value firms
10:47 Historical valuation spreads for European stocks
11:19 We are seeing the widest valuations spreads over the past 50 years
14:05 Persistence of profitability and good capital allocators
15:55 Why Serial acquirers tend to have lower returns over time
17:24 What’s keeping stocks cheap
21:52 Return expectations going forward
25:06 What truth have you learned about investing
