Press release:

www.fairfax.ca/Assets/...]]>

Press release:

www.fairfax.ca/Assets/...]]>

Thanks for your comment... You are right about eFCF vs. OCF and I will probably switch to using eFCF in the future.]]>

Thanks for your comment... You are right about eFCF vs. OCF and I will probably switch to using eFCF in the future.]]>

1) The Vanguard ETF's have more holdings than the SPDR ETFs.

2) Vanguard has a telecom ETF while State Street does not.]]>

1) The Vanguard ETF's have more holdings than the SPDR ETFs.

2) Vanguard has a telecom ETF while State Street does not.]]>

See the Reuters Key Developments

www.reuters.com/financ...

Also see the press release on the Impax website.

phx.corporate-ir.net/p...]]>

See the Reuters Key Developments

www.reuters.com/financ...

Also see the press release on the Impax website.

phx.corporate-ir.net/p...]]>

One such study is:

pages.stern.nyu.edu/~lpederse/papers/ValM...]]>

One such study is:

pages.stern.nyu.edu/~lpederse/papers/ValM...]]>

Starting one? The costs are prohibitive, and a strategy like this is not easy to market effectively.]]>

Starting one? The costs are prohibitive, and a strategy like this is not easy to market effectively.]]>

I used the median PE, which can be quite different from other methods of calculating the P/E. Also, I believe google finance uses the earnings per share of the ETF, not the underlying holdings, making their PE calculations for ETFs useless.]]>

I used the median PE, which can be quite different from other methods of calculating the P/E. Also, I believe google finance uses the earnings per share of the ETF, not the underlying holdings, making their PE calculations for ETFs useless.]]>

The green is the baltic dry index, the red is the S&P 500.]]>

The green is the baltic dry index, the red is the S&P 500.]]>

P/E 10 = ((price as of 2000)*(adjustment for turning 2000 dollars to 2010 dollars))/((average earnings from 1990-2000)*(adjustment for earnings from 1990-2000 to be adjusted to 2000's dollars)*(adjustment for turning 2000 dollars to 2010 dollars))

The adjustment for turning 2000 dollars to 2010 dollars is in both the numerator and the denominator, so it can be canceled out. This is a bit of a simplification and isn't the actual method used, but it should make it clearer.

I should point out that I am not the one who made up the P/E 10 method. I just changed the inflation metric used to be similar to what many people believe "actual" inflation is. So if I adjust for a different level of inflation, I'm not actually changing the calculation, just the variables used in the calculation.]]>

P/E 10 = ((price as of 2000)*(adjustment for turning 2000 dollars to 2010 dollars))/((average earnings from 1990-2000)*(adjustment for earnings from 1990-2000 to be adjusted to 2000's dollars)*(adjustment for turning 2000 dollars to 2010 dollars))

The adjustment for turning 2000 dollars to 2010 dollars is in both the numerator and the denominator, so it can be canceled out. This is a bit of a simplification and isn't the actual method used, but it should make it clearer.

I should point out that I am not the one who made up the P/E 10 method. I just changed the inflation metric used to be similar to what many people believe "actual" inflation is. So if I adjust for a different level of inflation, I'm not actually changing the calculation, just the variables used in the calculation.]]>

Would you mind explaining a lethality index a little bit?]]>

Would you mind explaining a lethality index a little bit?]]>