New Video: V3: The Price/Sales Ratio

Early stage companies often do not have earnings, or have negative earnings or they have earnings that at changing so much that they are not considered a useful measure. Furthermore, earnings can be affected by depreciation policy or even one-off extraordinary expenses or gains that might depress or inflate earnings.

In all of the above situations, the Price to Sales Ratio might be a more useful, or complemenetary valuation tool. The characteristics of the P/Sales ratio are discussed in this video.

New Videos at the Saving and Investing Channel on YouTube

Seven new videos have been uploaded and are available on the Saving and Investing Channel on YouTube. They fill-in against some of the other material that has been available for some time and discuss some pretty straight-forward concepts. The video subject titles are:

- Private Equity, IPO, Public Equity
- Who issues Bonds?
- Market Efficiency
- Index Funds and ETFs
- Hedge Funds 4: Fund of (Hedge) Funds
- First Principles of Taxation
- Two Generic Types of Pension Plans

Best Regards,

Michael