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By Invitation Only:

December 11th and 12th
Aria Resort, Las Vegas


Leverage Applied Finance world class research to:

  • Stand out as an advisor and attract new clients
  • Enhance interactions and communication with existing clients
  • Gain a deeper understanding and insight into the Applied Finance portfolio construction process

December 11th Arrival

  Cocktails at 7:30 PM for anyone arriving on the 11th. 

December 12th AGENDA

• 8:00 am – 9:00 am:   Breakfast

• 9:15 am – 10:00 am:    Valuation Driven Investing – Rafael Resendes, Co-Founder
Rafael discusses the Applied Finance Valuation Driven Investing process and how it has consistently explained market results over time and overcomes the problems inherent to EPS and P/E approaches.

• 10:15 am  – 11:00 am:  Why Most Active Managers Fail – Dhaval Sanghavi, CFA Sr Fundamental Analyst and Partner
Its accepted that most active managers fail to add value.  Dhaval reviews how common accounting disclosures and market volatility are culprits for this behavior and how Applied Finance overcomes these problems with its Valuation Driven Investment process.

11:15 am  – 12:00 pm:  Valuation 50 and Dividend Stock Selection – Jun Wang, CFA Sr Fundamental Analyst and Partner
Jun provides an in-depth look at the “ how and why” stocks are added or sold from the Valuation 50 and Dividend strategies.  In addition, she will answer questions about existing holdings or other thoughts about the portfolio.

• 12:15 pm – 1:15 pm:  Lunch

• 1:30 pm  – 2:15 pm:  Applied Finance Database Analytical Advantages John Holt, CFA Quantitative  Analyst and Partner
John will discuss the desired characteristics of a quantitative database, such as: How to identify companies that will outperform a broader universe of stocks over a long-term time horizon, improve consistency and be actionable. Additionally, John explores global areas of opportunity for metric-driven portfolios and how quantitative strategies can benefit advisors.

2:30 pm  – 3:15 pm:  Engaging your clients and prospects – Chris Austin & Saul Marquez, Consultants and Partners
Discussion on best practices to present the Applied Finance Valuation Driven Investment concepts to stand out from “box ticking” advisors to enhance existing client interactions, and to create client oriented acquisition presentations that are unique and position your firm as thought leaders in their area.

• 3:15 pm – 4:30 Cocktails 

• 5:30 pm – 7:30 Dinner


  • The Gross Profitability Trap

    The Gross Profitability Trap “But this time, it’s different!” More foolish words are rarely spoken in the financial industry, but they always seem to find their way back into the stock market lexicon. A firm’s [...more]
  • Intrinsic Value Factor®

    February 4, 2019 Applied Finance

    Valuation Driven™ Investing begins and ends with calculating the intrinsic value of every stock in a benchmark against which a portfolio is constructed, and comparing those values against traded prices. All of Applied Finance’s portfolios are Intrinsic Value Driven™, which differs significantly from a “value” perspective. To gain a better understanding into Applied Finance’s Intrinsic Value Driven™ approach, let’s first review traditional approaches to “Value”.

    The traditional approaches to finding undervalued stocks use a simple ratio such as P/E or P/B, or a mix of them. These common approaches to value come with many shortcomings: […more]

  • Then and Now: Buyers Remorse Versus Sellers Loss

    October 31, 2008 Applied Finance
    Over the past couple months, worsening macro economic conditions, declining corporate profitability and a bottomless stock market have investors longing for the good old days when the economy delivered steady increases in GDP growth with [...more]
  • Economic Margin®

    A corporate performance metric should provide insights into what a firm is worth. Most money managers utilize common earnings-based measures of corporate performance and value, which are suspect and easy to manipulate. Applied Finance developed the Economic Margin (EM) framework to remove the noise inherent in accounting data.

    Traditional accounting-based valuation methods provide an incomplete view of a company’s value by not accounting for the investment needed to generate the earnings, cost of capital, inflation or cash flow. […more]