Writings on

MONEY

"A-ha, all the things I could do..."

Welcome to the world's largest gambling den

"This is the nature of capitalism, get over it." - Kevin O'Leary After nearly two decades of being in finance I still don't think I...

What the whales own matter to the fishes

The study of capital markets has always been both intriguing and amusing to me. A lot of its theories are backed by mathematics and...

“Don’t waste time on the WACC”

...is what I constantly tell the folks in my practical valuation and financial modelling classes. I sometimes feel bad for saying this....

The end of free market principles

For years, practitioners in the industry have understood, accepted and have been taught that equity holders stand behind debt holders...

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...

What's good for you may not be good for me

More than ten years ago during my early banking days, I was chatting with a friend over lunch. At that point of time, I had just...

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...

The rates curve has gone crazy

So, none of this makes sense anymore. For a long time, offshore financing - which was predominantly priced off the LIBOR or overnight...

Motivated to get the deal done…

Many years ago, after completing a USD 2 billion cross-border deal, I was invited to share some of my takeaways (confidentially of...