Recent content by P H

The markets, investors and Japanese exporters cheered Abe for his efforts, but Abenomics’ long-term risks and threats were always evident. Three years of manipulating fiscal and monetary forces did much damage to the country’s GDP. In August 2015, signs of the economy heading for its fifth...

"A large Canadian specialty pharmaceutical company was a market darling wherein its debt funded acquisition led growth was cheered and rewarded by the market. Our QoE analysis in April 2015 focused on: Aggressive B/S: Alarming Debt to Equity ratio, poor AZS 1, poor debt servicing ratios etc...

Sustainable competitive advantage is a definite sign of a quality business. This trait ensures that the stock earns returns over the long-term and at the same time helps an investor to preserve his capital. Much of the investment returns that accrue to investors from the quality factor depends...

I believe Warren Buffett has influenced many investors' thinking more from a long-term perspective. Buffett has suggested that investing in equity shares should be done as a prospective owner. And as a prospective owner one should ensure superior returns. And constant positive returns can be...

The US equity markets have risen 215% over the last 6 years or so. The authors of one of the blogs I read have looked at data over the last 140 years, and they have found a very clear indication that the high P/E at the start of this bull market means a very steep fall when the inevitable bear...

Central Banks across the world have frequently used quantitative easing (QE) as a means to introduce greater liquidity into the economy. However, QE has raised the risk of moral hazard: investors will take greater risks, knowing that the potential costs will be borne, in whole or in part, by...

Central Banks across the world have frequently used quantitative easing (QE) as a means to introduce greater liquidity into the economy. However, QE has raised the risk of moral hazard: investors will take greater risks, knowing that the potential costs will be borne, in whole or in part, by...