LPL IPO, Todd Robinson, Mark Casady, and the American Retirement Dream: Wade Dokken Commentary

This article is 6 years old. As we are in a rapidly-changing industry, the information contained in this article may no longer be relevant. Please keep this in mind while reading.

Twenty-two years ago I had a lunch in San Diego with the President and insurance coordinator of Private Ledger, a small financial planning firm in San Diego.  This was before “financial planning” meant anything.   I was the new American Skandia National Sales Manager.  We had no A.M.Best ratings, nor any ratings from S&P.  Fitch […]

By |November 7th, 2010|Uncategorized|17 Comments

A Little Slice of Market History Part 3 by Wade Dokken

This article is 7 years old. As we are in a rapidly-changing industry, the information contained in this article may no longer be relevant. Please keep this in mind while reading.

 

“The arithmetic here is deceptively simple. If a company’s earnings will increase 15% this year, and if the P-E ratio remains unchanged, then presto! The “investment” shows a 15 percent performance, plus the small dividend. If the P-E ratio advances—as it did for Avon in almost every year–the performance becomes that much better. These results […]

By |August 12th, 2010|Uncategorized|6 Comments

A Little Slice of Market History Part 2 by Wade Dokken

This article is 7 years old. As we are in a rapidly-changing industry, the information contained in this article may no longer be relevant. Please keep this in mind while reading.

 

The second thing to consider with this period is intrinsic value.  Buffett saw fit to begin his 1999 Sun Valley speech on the stock market by emphasizing, “Valuing is not the same as predicting.”  The value of a stock to a shareholder is more accurately described by a company’s earnings not the expectations on price. […]

By |August 9th, 2010|Uncategorized|2 Comments