Relative valuation—using simple metrics to compare a firm’s value to its peers—is a cornerstone of financial decision-making. If a company earns $2 billion in profit, and if similar firms trade at 15 ...

Berkshire Hathaway (BRK.A/BRK.B) looks fully valued as earnings face headwinds from lower rates and insurance normalization.

The persistent outperformance of US equities over international developed markets since 2008 has left investors grappling with allocation decisions. AQR’s 2025 analysis, “Exceptional Expectations: U.S ...