https://timothyrdoyle.com/research/ Recent content in Research on Timothy R. Doyle - Independent Thinking Hugo -- 0.155.3 en-us Tue, 17 Mar 2026 00:00:00 +0000 https://timothyrdoyle.com/research/japan-vault/ Tue, 17 Mar 2026 00:00:00 +0000 https://timothyrdoyle.com/research/japan-vault/ Stock selection framework for individual Japanese equities. Analysis of BOJ negative real rates, 46% yen undervaluation via Big Mac Index, METI/TSE governance reforms, NISA incentives, and asymmetric upside scenarios for domestic Japanese firms.For three decades following the 1989 bubble, Japanese companies played defense in a deflationary world. Today, they've regained a long-dormant weapon: pricing power. https://timothyrdoyle.com/research/mobilizing-yen/ Tue, 17 Mar 2026 00:00:00 +0000 https://timothyrdoyle.com/research/mobilizing-yen/ Stock selection framework for individual Japanese equities. Analysis of BOJ negative real rates, 46% yen undervaluation via Big Mac Index, METI/TSE governance reforms, NISA incentives, and asymmetric upside scenarios for domestic Japanese firms. https://timothyrdoyle.com/research/markel/ Tue, 17 Mar 2026 00:00:00 +0000 https://timothyrdoyle.com/research/markel/ Valuation analysis of Markel Group using probability NPV matrix. Analysis shows MKL trading at 30% discount to intrinsic value due to true economic book value of 1.0x current share price, 1:1 float to equity leverage, high ROE compounding of private and public equity holdings.