Advanced Valuation of Financial Markets

• 1. Derry Pickford: Value and Expected Returns
• 1.2 Historic returns
• 1.3 How to value an asset
• 1.4 The value of past markets
• 1.5 Characteristics of valuation indicators
• 1.6 Valuation ratios
• 1.7 Conclusions
• 2. John Greenwood: The Monetary Theory of Asset Prices
• 2.1 Money and the business cycle
• 2.2 Drivers of change in monetary growth
• 2.3 Severe recessions and debt crises
• 2.4 Investment principles from monetary analysis
• 3. Herman Brodie: Behavioural Finance
• 3.1 Finance and behaviour
• 3.2 Organising and processing information
• 3.3 Prospect Theory
• 3.4 Cognitive dissonance
• 3.5 Intertemporal choice
• 3.6 Improving investment decision-making
• 4. Peter Warburton: Investing in Differing Inflationary Climates
• 4.1 Introduction
• 4.2 Identifying the sweet spot
• 4.3 Inflationary climates
• 4.4 Summary issues
• 5. Russell Napier: The Mean Reversion of Equity Valuations - Past, Present, and Future
• 5.1 Mean Reversion of Equity Valuation
• 5.2 Inflation & Financial Repression

1. Derry Pickford: Value and Expected Returns

1.2 Historic returns

1.3 How to value an asset

1.4 The value of past markets

1.5 Characteristics of valuation indicators

1.6 Valuation ratios

1.7 Conclusions

2. John Greenwood: The Monetary Theory of Asset Prices

2.1 Money and the business cycle

2.2 Drivers of change in monetary growth

2.3 Severe recessions and debt crises

2.4 Investment principles from monetary analysis

3. Herman Brodie: Behavioural Finance

3.1 Finance and behaviour

3.2 Organising and processing information

3.3 Prospect Theory

3.4 Cognitive dissonance

3.5 Intertemporal choice

3.6 Improving investment decision-making

4. Peter Warburton: Investing in Differing Inflationary Climates

4.1 Introduction

4.2 Identifying the sweet spot

4.3 Inflationary climates

4.4 Summary issues

5. Russell Napier: The Mean Reversion of Equity Valuations - Past, Present, and Future

5.1 Mean Reversion of Equity Valuation

5.2 Inflation & Financial Repression