..as this is a post I probably should have done at the weekend but I was too busy playing cricket and enjoying the summer now it has finally arrived! Any way in much the same way that you might use left overs from the Sunday roast to make a meal on Monday, as it is also a quiet start to the week, I thought I would use this material to make a post today.
So this is one of those post where I share some of the stuff I have been reading recently that I found interesting and which I hope you might find useful and maybe even educational too. I say educational because it features comments form two professors.
First up in an interview with Robert Shiller which featured on the AAII website and is a look at bubbles, valuations and why interest rates / bond yields might remain low from here for a while yet.
Meanwhile the always useful Aswath Damodaran in his musings on markets blog looked at the Value and Pricing of Cash: Why low interest rates & large cash balances skew PE ratios. In this he not only does a teach in on calculating intrinsic value but also links to another post which looks at the combined effects of cash and debt on ratings. Interesting stuff and something worth thinking about when you are trying to assess fair values or come across a stock which seems to be on a cheap PE.
There you go and as I always try to educate and entertain so today you have had Stereophonic Professors as it were which puts me in mind of something which might entertain you and liven up a quiet day - so I bring you just enough education to perform, which has some appropriate titled tunes like - Mr. Writer, Every Day I think of Money and Have a nice day!