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The Stingy News Weekly: 03/24/2024 Stingy News Flash We're on the eve of annual meeting season and if you go to only one this year I recommend Fairfax's meeting because it's the Canadian version of Berkshire Hathaway's carnival for capitalists. Fairfax's meeting attracts investors from far and wide and is accompanied by a variety of events spread out over three days. You can examine the list of this year's attractions over here ... https://www.stingyinvestor.com/FairfaxWeek2024.html Stingy Links Forecasting is hard "Although we might not like to admit it, we know that forecasting economic and market variables is tough, but just how tough? A new study by Don Moore and Sandy Campbell sought to answer this question. They looked at 16,559 forecasts made in the Survey of Professional Forecasters since 1968, and found that those making expert predictions had 53% confidence in their accuracy but were only correct 23% of the time." [Markets] Why are U.S. stocks expensive? "But I do think Zack Morris is right to describe the U.S. stock market as a savings vehicle as much as an investing one, thereby earning a monetary premium." [Markets] Why quality stocks perform so well "And this is good news for investors because it means that investing in highly profitable companies is not associated with higher risks and at the same time based on behavioural biases that are unlikely to change over time, so the effect should be relatively persistent." [Markets] A quiet life "For me, retirement isn't all that different from childhood. There have been very few other times when life felt relatively carefree. These days, I solve puzzles on my phone, rather than in a magazine, and I write my life stories using a Chromebook, not a notebook. The quiet life isn't for everyone. But it suits me just fine." [Retirement] 2023 private equity fundamentals "PE-backed firms generally have much lower margins than public companies, so this rise in interest costs has meant that the median PE-backed company is actually generating zero free cash flow." [Markets] S&P/TSX60 Value Screens
DOW 30 Value Screens
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