“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....
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Posts that are tagged as
valuation
- Apr 21, 2023
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...
- Apr 14, 2023
A few observations
"Illiquidity Is The New Leverage And Flows Are More Important Than Fundamentals" - Eric Peters, CIO, One River Asset Management Tulip...
- Mar 9, 2023
Fair value vs high value
Curating and designing the short-term narrative towards a high value sometimes comes at a cost.
- Dec 11, 2022
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...
- Oct 6, 2022
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...
- Jul 21, 2020
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...
- May 4, 2020
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.
- May 1, 2020
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...
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