Valuing Markets: One Business at a Time

Zabrowski emphasizes the importance of evaluating markets one business at a time, likening the approach to looking through a windshield rather than relying on the rearview mirror. He highlights that market valuation hinges on projecting forward future cash flows and discounting them to their present value. This forward-focused, granular analysis underscores a disciplined approach to understanding markets by meticulously assessing individual businesses.

 

**Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein.

Krilogy Financial, LLC (Krilogy) is a Securities and Exchange Commission (“SEC”) Registered Investment Advisor. Registration with the SEC should not be considered an express or implied approval of Krilogy by the SEC. Krilogy does not provide tax and legal advice. All expressions of opinion are subject to change. This information is distributed for educational purposes only, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products, or services. Investments involve risk and unless otherwise stated, are not guaranteed. Investors should understand the risks involved of owning investments, including interest rate risk, credit risk and market risk. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategies discussed herein.

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    Time Ahead is an investing strategy book that distills decades of extensive research by portfolio manager Ryan Zabrowski into a straightforward guide to growing long-term wealth.

    © 2025 Ryan Zabrowski