Category Archives: Behavioural Finance

When are You Paying Too Much for Growth Stocks?

As a value and growth at a reasonable price manager we are challenged by markets that have stretched valuations. One measure that is at all time extremes (for the S&P 500) is the price of the market relative to sales. The following is an excerpt

What All This Taper Talk May Mean for Your Portfolio?

The Federal Reserve has started to talk about removing extraordinary accommodation. Market expectations are building for the reduction in stimulus to begin in September with the forward guidance to come out of the Jackson Hole conference. Likely, they will first reduce support for mortgage-backed securities.