Intrinsic Insights:
Articles | BALASTONEUnconventionally Faithful to the Principle of Investment
At BALANSTONE, we ensure process by merging data-driven insights with a steadfast commitment to intrinsic value philosophy. Our unique approach uses rigorous, long-term research grounded in both advanced data analytics and timeless investment principles. This blend enables us to take a strategy through a long investment journey under evolving landscapes.
Our research explores diverse investment topics, from historical principles and empirical lessons to the latest trends, all analyzed through a data-driven lens. By focusing on intrinsic value and rigorous fundamental analysis, we spot undervalued assets and pursue growth opportunities with patience and precision.
Conversing with Keynes: A Deep Dive into “The State of Long-Term Expectation”
**BALANSTONE**: Given the stock market's challenges in forming long-term capital investment expectations, what would you say is a successful and differentiated investment strategy for a smart investor? You articulated this issue in The General Theory of Employment,...
Persistent Delusion, Henry W. Dunn, 1939
Conversation with Henry W. Dunn Henry W. Dunn: Ah, a new century! How fascinating to see the investment world evolve– yet some themes remain frustratingly persistent. Investment Professional (Sarah Kim): Indeed, Mr. Dunn. It seems human nature desires shortcuts...
What Is Cryptocurrency? Will Crypto Recover? Here’s What You Should Know
What Is Cryptocurrency? Will Crypto Recover? Here's What You Should Know. I have recently had an opportunity to chat with a person about cryptocurrencies. Just to make sure, we do not provide advice on cryptocurrencies. It is not within our practice. However,...
2020 Stock Market Crash | A Letter, March 26, 2020
During the 2020 stock market crash, we let clients know what we thought, asking to keep calm and distant from the market dynamics. The highest priority is not to get caught by the rise in perceived ambiguity due to the significant movement of the market price. It was...
Why Value Investing Lost Mojo and Some Say It Sucks
Why value investing is performing poorly in the last decade? Why value investing lost mojo and some say it sucks. Did something change structurally? The short answer is yes. Then what has changed the course of so-called value investing that used to be...
What Is Driving The Stock Market
We share our perspectives and present five long term historical charts including return on invested capital using Russell 3000, which is made of 3000 large US companies, as determined by market capitalization. This portfolio of securities represents approximately 98%...
Analysts Reevaluating Skeptical Look at AI Investment
Shawn: You know, I’ve been thinking about the arguments made by that experienced Wall Street tech equity research professional regarding AI infrastructure investments. He’s very skeptical about the $1 trillion in capex expected in the coming years, especially the idea...
Transformer Deep Learning Architecture
Jimmy: "Transformers have revolutionized not just natural language processing but entire sectors. By parallelizing computations instead of relying on sequential processing, they've dramatically sped up training times and opened new frontiers in AI...
Navigating the Generative AI Revolution in the IT Landscape
Katy: "Have you seen the impact of generative AI technologies lately? OpenAI's ChatGPT is now ranked 20th globally. It's incredible." Alan: "Absolutely. But the real challenge lies in scaling these technologies cost-effectively. The entire IT infrastructure...