This post first appeared on FloatingPath
Corporate EBITDA margins in the U.S. are high in 2013, as pointed out in this chart via @ukarlewitz. At around 9%, the current U.S. EBITDA margins are over a full standard deviation above their long run average.
Further, on an absolute basis, the margins trail only emerging markets and are well ahead of other developed nations like Germany or France.
Walter Schloss isn’t a name many investors will have heard today. Schloss was one of the great value investors who trained under Benjamin Graham and specialized in finding cheap stocks. His track record was outstanding. In Warren Buffett’s 1984 essay, the Super Investors of Graham-and-Doddsville, he noted that between 1956 and 1984, Schloss’s firm returned Read More