Author Archives: Danielle Park

Klarman on Finding Value and Maintaining Discipline

A world focused on selling us investment products and ideas spends little time defining sell or aversion rules. If someone tells you what they own or would buy, ask them when they would sell it. Most haven’t thought that far; … Continue reading

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Meme-stock craze, season two

The 2023–2024 rate hikes and bear market wipeouts tamped down rampant retail speculation. But in 2025, rate cut expectations, along with AI-inspired price rebounds year to date, have reignited animal spirits. ChatGPT astutely observes that “Day trading’s resurgence may also … Continue reading

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Grantham: don’t be conned by those selling shovels in the gold rush

The Next Twelve Months Price-to-Earnings ratio (NTM P/E, shown below courtesy of ISABELNET) is one of the historically relevant forward-looking valuation metrics that compares a company’s current share price to its projected earnings over the next 12 months. Today’s sky-high … Continue reading

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