9/20
Finance
Why stock valuation hinges more on returns than future earnings
Why stock valuation hinges more on returns than future earnings
Growth stocks don’t generate the long-term returns that would justify their high multiples, according to the 2023 Jacobs Levy Center’s “Best Paper” co-authored by the Wharton School’s Sean Myers.
Who, What, Why: History Ph.D. candidate Arielle Alterwaite looks at Haitian debt
Who, What, Why: History Ph.D. candidate Arielle Alterwaite looks at Haitian debt
Her work on Haiti’s sovereign debt in the aftermath of the Haitian Revolution holds lessons for what is currently happening there and more broadly for conversations around reparations.
The risky business of homeowners insurance
The risky business of homeowners insurance
State Farm, the largest insurer in California, has stopped writing new home insurance policies there, citing “rapidly growing catastrophe exposure.” In a Q&A, Wharton’s Benjamin Keys discusses climate change and its risk to the real estate market.
How banks could protect themselves from runs
How banks could protect themselves from runs
The 2023 banking crisis brought into sharp focus the downsides of rising interest rates and uninsured deposits. New research co-authored by Wharton’s Itamar Drechsler offers banks a way to manage those risks.
Three things to know about the debt ceiling fight
Three things to know about the debt ceiling fight
Economist Harold L. Cole of the School of Arts & Sciences offers an overview of what could happen should the U.S. default on debt payments because no spending deal is reached.
Graduating from the Wharton School and ready for the world
In her four years as a Wharton undergrad, Sahiba Baveja has two health care startups on her resumé, along with entrepreneurship courses, and a stint in the Venture Lab.
How households are locked in by rising mortgage rates
How households are locked in by rising mortgage rates
A new paper co-authored by Wharton’s Lu Liu looks at why homeowners become caught in a so-called “mortgage lock-in” and how that impacts their ability to move.
Lessons from the Silicon Valley Bank collapse
Lessons from the Silicon Valley Bank collapse
Wharton finance professor Itamar Drechsler discusses what led to the collapse of SVB and the questions it raises for banks, depositors, and regulators going forward.
This Wharton undergrad cycled the world’s highest volcano
This Wharton undergrad cycled the world’s highest volcano
Second-year Ryan Torres not only scaled Ojos del Salado by bike, he raised funds for World Bicycle Relief, an international nonprofit dedicated to improving access to cycling around the world.
What is the future of Social Security?
What is the future of Social Security?
As Social Security continues to march toward insolvency, Olivia S. Mitchell of the Wharton School discusses current policy debates and the role of financial literacy in achieving reform.
In the News
Business Insider
Arm and Instacart’s splashy IPOs won’t be enough to revive a market in a slump reminiscent of the dot-com bust
David Erickson of the Wharton School says that the current IPO landscape reminds him of the landscape following the dot-com bust.
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The Washington Post
Four million have enrolled in Biden’s new student loan repayment plan
The Penn Wharton Budget Model estimates that the Save student loan repayment plan will cost as much as $558 billion over a 10-year period.
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Kiplinger
Valuation metrics that will make you a better investor
David Wessels of the Wharton School explains why calculating enterprise value from earnings before interest, taxes, depreciation and amortization is a useful valuation metric.
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Reuters
At Taser maker Axon, ex-staffers say loyalty meant being tased or tattooed
Wayne Guay of the Wharton School says that Axon’s stock plan was aggressive in its targets and covered an unusually long period, making it riskier for younger, often highly mobile employees.
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CNBC
Powell’s speech did not address GDP rise from productivity growth, Wharton School’s Jeremy Siegel
On “Closing Bell,” Jeremy Siegel of the Wharton School discusses what the market reaction to Federal Reserve Chair Jerome Powell’s recent speech says about the state of monetary policy.
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The Wall Street Journal
Rising insurance costs start to hit home sales
A Wharton School study finds that on average, 30% of homes have flood insurance policies in high-risk areas.
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