Tag: value investing

Animal Spirits and Mr. Market

Why is it that economists seem much more optimistic about human rationality than psychologists are?

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Tobin’s Q Ratio

Developed by Nobel prize-winning economist James Tobin, Tobin’s Q is a financial ratio and valuation tool that can be applied either to individual businesses or to the stock market as a whole. In this article, we introduce Tobin’s Q Ratio and reflect upon some of its strengths and weaknesses.