Podcast Episodes
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In Practice Webcast #10: Estimating an Optimal Debt Ratio
In this webcast, I go through the process of using the cost of capital approach to optimizing capital structure. I use Dell (from 2013) as my example…
3 months, 3 weeks ago
For the fun of it: An Open House for my Spring 2025 Classes
At the start of every year, for the last two decades, I have invited people to partake in the classes that I teach at the Stern School of Business at…
3 months, 3 weeks ago
Session 19: Choosing the right multiple, asset based valuation
In this session, we look at how to choose the right multiple to use in pricing a business and at asset based valuation, in the context of liquidation…
3 months, 3 weeks ago
Data Update 1 for 2025: The Draw (and Dangers) of Data!
We live in an age of data, where companies and investors seem to believe that data (with an assist from AI) can answer any question. I believe that d…
3 months, 3 weeks ago
Session 19: APV and Relative Analysis - Capital Structure
In this session, we look at the determinants of optimal debt ratios in the cost of capital approach, the APV approach and how to gauge a company's de…
3 months, 3 weeks ago
Data Update 2 for 2025: The Party Continued for US Equities
In this session, I report on another banner year for US equities, with the S&P 500 delivering a return of 24.88% for the year. I put this return in h…
3 months, 3 weeks ago
Session 18: Applying Multiples and Market Regressions
In this session, I continue to look at how to use multiples to price companies and control for differences, especially for young firms and across the…
3 months, 3 weeks ago
Session 1: Class Logistics and Structure
We are officially rolling and class is in session. During this introductory session, I told you that that this was a class about valuation in all of…
3 months, 3 weeks ago
Session 18: More on the Cost of Capital Approach to Optimizing Financing Choices
In this session, I continue the discussion of the cost of capital approach by looking at the value effect of moving to the optimal and building in bu…
3 months, 3 weeks ago
Data Update 3 for 2025: The times they are a'changin...
In 2024, the US equity indices were up strongly, but not all groupings of stocks shared in the spoils. In this session, I slice US equities down, fir…
3 months, 3 weeks ago