Value sits with the beholder of cash
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?
Fair value vs high value
Curating and designing the short-term narrative towards a high value sometimes comes at a cost.
The era of bullshitting is over
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.
No such thing as fair value
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.
Numbers and the narrative
Without connecting the numbers to a story, projecting cash flows simply becomes an emotionless exercise of numbers.
More focus on cashflows, not discount rate
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.
The layman's guide to modeling convertible bonds
Modeling convertible instruments can be confusing if you don't understand the rationale behind it.
Revenue is an ego game
'Revenue is an ego game. We could boost revenue tomorrow if we wanted. We run this company for gross profit.'
Wow, Tesla's bigger than GM and Ford?
Tesla's bigger than GM and Ford?
Don't list for the sake of listing
There are many merits to taking a company public: prestige, a sense of accomplishment, publicity, and also the avenue for raising more capital. But the costs of going public could be more than what you think.