Good article and I like the concept. How would differentiate, if at all, between the idea of narrative or expectations embedded in a stock? My first thought was expectations could be quantitative in the form of numbers and narrative qualitative, but I still think expectations can be qualitative. Any thoughts? One more question: do you think DBX fits into this framework, going from growth mode to profitability, with a focus on capital allocation?
One of your most interesting posts to date!
Good article and I like the concept. How would differentiate, if at all, between the idea of narrative or expectations embedded in a stock? My first thought was expectations could be quantitative in the form of numbers and narrative qualitative, but I still think expectations can be qualitative. Any thoughts? One more question: do you think DBX fits into this framework, going from growth mode to profitability, with a focus on capital allocation?