valuation

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?

SIA ends an interesting chapter of its history with redemption of its last remaining MCBs.

At a breakeven of seven to eight cups per day, feel free to sit freely in your cafes. Starbucks isn't selling coffee, you are after all paying for the lease, and the nice drink is just a bonus.

Freshwater seeks salt water, and you can fight that if you want, but paddling upstream eventually is likely to become highly problematic. (Ron Maciver)

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

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.