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The problems faced by intrinsic pricing
Supply and demand doesn’t apply in commodities
Terminally sick companies can take the longest time to die
It is as if nobody cares who runs Tesco, provided the tills are manned
The level of margins on both sides of the Atlantic is extraordinary compared with the long-run average
The valuation of the two stocks is at historic highs
The chances of another widespread banking crisis are not negligible
There’s no harm in taking precautions on prices
Protesters and Jeffrey Sachs share common source
People also resent CEO pay at big companies other than banks
Circumstances that produced golden age of bond returns will not be repeated
The full-year total of deals will depend mainly on the equity market
Buy-backs are a pact between shareholders and management
International Edition