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Myth 4.1: If you don't like betas (or modern portfolio theory),you cannot do...
Letâs start by stating the obvious. You need a D(iscount rate) to do D(iscounted) C(ash) F(low) valuation. To get that discount rate, I use a beta to estimate a cost of equity (and cost of capital)...
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Myth 4.2: It's all about D in the DCF
If you have taken a class on valuation, think back to what you spent most of your time doing and I will wager you spent it talking about discount rates. If there was any attention paid to cash flows...
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Myth 4.3: The D cannot change (over time) in a DCF
In my last post, I argued that academics and practitioners pay too much attention to discount rates in valuation and too little to cash flows. One reason for that attention may by the fear that you...
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Myth 4.4: The D(discount) rate is a receptacle for your hopes and fears
In discounted cash flow valuation, discount rates are the instruments that we use to adjust for the risk in cash flows. In practice, discount rates often take on a far greater role. Some analysts use...
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Myth 4.5: DCFs break down with near-zero risk free rates!
In any version of a risk and return model for discount rates, where you start with a riskfree rate as a base and build up to costs of equity, debt and capital, it seems blindingly obvious that as...
View ArticleThe Intelligent Enterprise in the Era of Big Data
“ … the enterprise of today has changed … wherever you sit in this new corporation … Srinivasan gives us a practical and provocative guide for rethinking our business process … calling us all to action...
View ArticleStarting and Running a Business All-in-One For Dummies, 3rd UK Edition
Written by a team of business and finance experts, Starting & Running a Business All-In-One For Dummies is a complete guide to every aspect of setting up and growing a successful business.read more...
View ArticleRunning a Food Truck For Dummies, 2nd Edition
While food trucks may not be the new kid on the block anymore, it's a segment that continues to swell—and there's still plenty of room for growth. If you have your sights set on taking your culinary...
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Strategic Social Media: From Marketing to Social Change
Strategic Social Media is the first textbook to go beyond the marketing plans and how-to guides, and provide an overview of the theories, action plans, and case studies necessary for teaching...
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Why Winners Win: What it Takes to be Successful in Business and Life
Why Winners Win identifies the crucial elements of business success and provides step-by-step guidance on getting there. Author Gary Pittard shows you why consistent results are the key contributing...
View ArticleFamily Life in China
The family has long been viewed as both a microcosm of the state and a barometer of social change in China. It is no surprise, therefore, that the dramatic changes experienced by Chinese society over...
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Strategic Social Media: From Marketing to Social Change
Strategic Social Media is the first textbook to go beyond the marketing plans and how-to guides, and provide an overview of the theories, action plans, and case studies necessary for teaching...
View ArticleResults: Think Less. Achieve More
Life can be a bit overwhelming sometimes, right? It can be difficult to clear your mind of a million different anxieties and focus in on the one thing you need to get done.read more...
View ArticleFamily Life in China
The family has long been viewed as both a microcosm of the state and a barometer of social change in China. It is no surprise, therefore, that the dramatic changes experienced by Chinese society over...
View ArticleNew York State Department Of Financial Services Fines Agricultural Bank Of...
Financial Services Superintendent Maria T. Vullo today announced that Agricultural Bank of China (the Bank) will pay a $215 million penalty and install an independent monitor for violating New York’s...
View ArticleTehran Stock Exchange Weekly Market Review - Week Ending 2 November 2016
Click here to download Tehran Stock Exchange's weekly market review.
View ArticleDIFC Home To First, Innovative Equity Crowdfunding Platform In The Region, As...
Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and...
View ArticleMOEX Infrastructure Migration To New Data Center
Moscow Exchange has successfully performed the final testing of all trading systems with the DataSpace1 data center operating as the primary DC and M1 data center as a disaster recovery site.read more...
View ArticleThe Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market...
The total value of shares traded for the week ending 3 November 2016 amounted to SAR 16.17 billion, increasing by 0.28% over the previous week; while total stock market capitalization reached SAR...
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