Monthly Archives: January 2015

Technology and Finance: Drivers of a Profit Margin Explosion

In this piece, I’m going to show that the profit margin expansion¬†seen in the U.S. corporate sector over the last two decades has been driven largely by gains in the financial and technology sectors. ¬†I’m then going to examine arguments … Continue reading

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Intrinsic Value: Interest Rates, Inflation, and the Forgotten Concept of the Time Value of Money

In the previous piece, I offered a definition of the investment concept of “intrinsic value.” Intrinsic value is the value that the owner of a security realizes from holding the security, rather than selling it. To determine the intrinsic value … Continue reading

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