IHS Markit should be the first to agree that rubbish (‘adjusted’ data) in will lead to rubbish (valuation) out

Give the market a number and it’ll quickly throw back a result. No one should doubt investors’ ability to do basic maths. Give it the wrong number however, and the result will more than likely also be wrong. The old adage of “rubbish in, rubbish out” remains as valid now as ever, which is why […]