#error!

Why is Starbucks coffee so bad?

"Why is Starbucks coffee so bad?" was the thought that came to my mind as I was writing this in one of the Starbucks outlet located in...

A few observations

"Illiquidity Is The New Leverage And Flows Are More Important Than Fundamentals" - Eric Peters, CIO, One River Asset Management Tulip...

Fair value vs high value

Curating and designing the short-term narrative towards a high value sometimes comes at a cost.

No such thing as fair value

I always have had interesting conversations around the assumption and concept of terminal value (TV) in my valuation and financial...

Numbers and the narrative

Whenever I approached the close of my financial modelling course, I always did a simple roll-call to call for feedback from everyone in...

Less focus on discount rate...more focus on cash flows

Too many folks who hail from the 'old' system in investment banks continue to quiz junior bankers on discount rates...

Valuation and the velocity of information

In business valuation, the pricing estimates done by analysts can be thought of both right and wrong, until proven by the market.

Understanding and modelling convertible bonds

A convertible bond ("CB") is like the multi-flavored ice-cream: It's not plain vanilla (pun intended). Modelling convertible debt in...