by Dane Bowler | May 28, 2026 | Baseline +
Using Pareto Upgrades to Grow Yield on Invested Capital In less than 2 years, yield on invested capital in our Baseline + accounts has increased from 8.55% to 11.33%. A large portion of this increase came from Pareto upgrades. What is a Pareto upgrade? Pareto...
by Simon Bowler | Jan 5, 2026 | Baseline +
The NASDAQ, S&P500, and Dow Jones Industrial Average surged to all-time highs again and again and again during 2025. While some portion of those gains was warranted by earnings growth, much of the surge was fueled by multiple expansion. The Shiller PE Ratio just rose above 40 for only the 2nd time in history and is very close to an all-time high.
by Ross Bowler | Sep 30, 2025 | Baseline +
Supply and Demand The Law of Supply and Demand is a foundational principle of economics. As an example, consider that the supply of steel would be determined by the availability of iron (Fe) and the perceived demand for steel. The steel demand would, in part at least,...
