Articles about the provenance and the checking of market data, written from our own dated verifications. No buy or sell recommendations.
Two companies with identical EBITDA can produce $140M of free cash flow and $35M. What separates them is the line EBITDA removes on purpose.
They track the same index and cost about the same. What separates them is which one hands you a capital gains bill you did not ask for.
You hold twice the shares at half the price. Your money is exactly the same. What does change — and almost nobody mentions — is something else.
Beta measures how much a stock moves when the market moves. It does not measure whether the business can fail, and those are different questions.
A company that buys back 10% of its shares raises earnings per share by 11% without earning a cent more. When that creates value and when it does not.
The 10-year at 4.79% means little on its own. Whether it sits 40 basis points above or below the 2-year is what separates growth from recession.
You bought before the payment date and no dividend arrived. The ex-dividend date is why, and confusing it with the payment date is extremely common.
With the next contract at 88 it signals scarcity; at 94, oversupply. What the shape of the futures curve measures, and why almost nobody publishes it.
Measured across 332 funds: the median charges 1.23% a year. And the same fund costs three times more depending on which share class you are sold.
One site says P/E 18, the other says 26. Neither is lying: they are dividing by different earnings. Which ones, how much it changes, and how to tell.
A water utility served with $136.7M of revenue where there was $658.1M. Another reported negative revenue. Nine wrong figures, and the four causes behind almost all of them.
Two hours after eight companies filed results, six were still being served with the previous quarter. Polling harder would have changed nothing: the figure was not there.
Auditing your reader proves you read the source correctly. It does not prove the source is right. What happened on 4 September 2026, and why averaging two providers is the wrong fix.
A DCF looks objective because it ends in a number with decimals. Move the discount rate half a point and watch how far that number travels.
All nine articles are published in English. The Spanish originals are at celsmar.com/blog, and each article links to its counterpart.