A study was undertaken to determine how useful the stock market's price-earnings (P/E) ratio
has been as a predictor of future returns. The results indicate that, on average, the P/E has …

For more than a decade, BEA Associates, Inc. has conducted an annual survey of the pension
costs and liabilities of a cross-section of American industry. The sample consists of the …

IS THE RISE OF PASSIVE INVESTING MAKING STOCK MARKETS LESS EFFICIENT? Let’s
back up for a moment, and explain why we are asking this question. We first addressed the …

Steve Bleiberg, Assistant Vice President at BEA Associates, Inc., is making his third appearance
as a guest columnist. His survey of the pension costs and liabilities of 100 major firms for …

… Bill Priest, Steve Bleiberg and Mike Welhoelter all experienced investment professionals,
consider the challenges of managing portfolios through complex markets, as well as managing …

Beyond Earnings is targeted at investors, financial professionals, and students who want to
improve their ability to analyze financial statements, forecast cash flows, and ultimately value …

… In the March/April 1986 issue, guest writer Steven Bleiberg discussed the survivorship bias
that occurs over time in large universes of portfolios. He concentrated on the relative ranking …