Podcast Episodes
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Data Update 4 for 2026: A Tumultuous Year (2025) for Global Markets!
In 2025, the global backlash that has already upended politics in much of the world came for markets, and in this session, I start with a look at glo…
5 months ago
Session 14: Relative Valuation - First Principles
Develop a four-step process for deconstructing, understanding and using multiples
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5 months ago
Data Update 5 for 2026: Risk and Hurdle Rates - The 2026 Edition!
In this session, I move from markets to companies, looking specifically at differences in risk across companies and how these differences play out in…
5 months ago
Session 21: The Essence of Real Options
Lay the foundations for viewing and valuing some assets as options and how it adds to their values.
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5 months ago
Data Update 6 for 2026: In Search of Profitability and Value!
Milton Friedman posited that the social responsibility of a business is to generate profits,. That view has increasingly come under assault from thos…
5 months ago
Session 12: Acquisition Ornaments: Synergy, control and complexity
Look at the value of control and synergy, oft used reasons for acquisitions, as well as the consequences of complexity for value.
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5 months ago
Data Update 7 for 2026: Debt and Taxes
Every business faces a choice of using either borrowed money (debt) or owner's funds (equity) in financing its operations, and in this sessions I sta…
5 months ago
Session 17: Book Value Multiples
Look at the variables that cause book value multiples (price to book and EV to Investment Capital) to vary across companies and time.
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5 months ago
Data Update 8 for 2026: Dividends and Buybacks - The Investing Harvest!
In this session, I focus on how and how much cash was returned to shareholders in 2025. While, in theory, companies should wait until after making in…
5 months ago
Session 19: Asset Based Valuation
Look at valuation approaches (accounting book value, sum of the parts) that value the assets of a business and aggregate up to value.
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5 months ago