Apologies to anyone hoping to read my monthly commentary today, but I have got into two subjects that it is proving a little more tricky to explain lucidly than I anticipated. My initial scribblings need some reworking and expanding, I have decided.
I will need to spend time getting the words right and won’t be finished today, mainly because I don’t usually work on Fridays!
The hopefully worth reading text should be available early next week.
As a little teaser, I can tell you that I will exploring the relevance of the ‘equity discount factor’ to current market valuations and what to correctly do (which is not what almost everyone actually does),and why you should do it, when you end up with a hefty loss on a fund.
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