Podcast Episodes
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Active Investing: Rest in Peace or Resurgent Force?
When Jack Bogle started the Vanguard 500 Index fund in 1975, I am sure that he never visualized how successful he would be. In the last few decades, …
2 days, 17 hours ago
Session 16: Closure on Investment Analysis
In this quiz shortened session, after the quiz, we looked at the final pieces on investment analysis, starting with side benefits from projects (from…
2 days, 23 hours ago
Session 16: Tying up Intrinsic Value
In this session, after the second quiz, we wrapped up our discussion of intrinsic valuation. For decades, we have valued banks using the dividend dis…
3 days, 5 hours ago
Session 18: Tying up Intrinsic Value
In this session, after the second quiz, we wrapped up our discussion of intrinsic valuation. For decades, we have valued banks using the dividend dis…
3 days, 11 hours ago
Session 23: The Options to Expand and Abandon, Financial Flexibility and Distressed Equity
We started this class by looking at the option to expand, where your capacity to enter or expand into new (big) markets can justify up-front bad inve…
3 days, 17 hours ago
Session 17: The Financing Mix Trade off
In this class, we started our discussion of the financing question by drawing the line between debt and equity: fixed versus residual claims, no cont…
3 days, 23 hours ago
Session 22: The Option to Delay
In this shortened session after the webcast, we looked at the option to delay and applied it to valuing patents and undeveloped natural resource rese…
4 days, 5 hours ago
Session 19: First Steps on Pricing
We started the class by setting the stage of pricing companies, contrasting the pricing process with the value process. The rest of the class was our…
4 days, 11 hours ago
Terminal Value Myth 5: The Terminal value ate my DCF!
In a DCF of a business, the terminal value will account for a large proportion of value and this is viewed by some as a flaw in DCF and by others as …
4 days, 17 hours ago
Terminal Value Myth 4: Negative Growth Rates are impossible
In this session, I confront the myth that you cannot do a DCF with negative growth rates and that the perpetual growth model will not work if you hav…
4 days, 23 hours ago