Finance

"I’d compare stock pickers to astrologers, but I don’t want to bad-mouth the astrologers."

Deriving an accurate discount rate is a fool's errand. Value sits with the beholder of cash in his pockets, who are you to say otherwise?

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

Companies and people need to wake up to reality and stop the proverbial fake it till you make it, "over-packaging" their products and services, and start getting real about talking about fundamentals and their numbers.

There are no formulas for the correct cost of capital. There are only astute decision makers and those who are afraid to get caught on the wrong side of the outcome.

Without connecting the numbers to a story, projecting cash flows simply becomes an emotionless exercise of numbers.

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

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

Modeling convertible instruments can be confusing if you don't understand the rationale behind it.

'Revenue is an ego game. We could boost revenue tomorrow if we wanted. We run this company for gross profit.'