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Session 2: Intrinsic Value - Foundation
Sets up the foundations of intrinsic valuation, with a contrast between valuing a business and valuing the equity in that business.
Learn more about …
6 months, 1 week ago
Session 20: Other Approaches to Optimizing Debt Mix and Follow up
We started this class with the adjusted present value approach, where we begin with the unlevered firm value, and then add the tax benefits of debt a…
6 months, 1 week ago
Session 15 (of 42): Value Investing - The Activists
In this session, we look at activist value investing, where you not only buy cheap companies, but also provide the catalysts for prices to adjust to …
6 months, 1 week ago
Session 21: Pricing Closure and Asset Based Valuation
In today's class, we closed the book on relative valuation by looking at how to price young companies, using forward multiples, and how to pick the "…
6 months, 1 week ago
Session 7: Estimating Cash Flows
Goes through the steps in estimating cash flows, from measuring earnings to computing reinvestment and then on to cash flows (to both the firm and to…
6 months, 1 week ago
Session 9 (of 42): Random Walks and Momentum
If markets follow a random walk, the price change in the next period should not only be independent of past price changes and completely unpredictabl…
6 months, 1 week ago
Session 19: Enhanced Cost of Capital Approach and Determinants of Optimal
In this class, we started by tying up loose ends on the cost of capital approach, starting with why moving to the optimal changes the value of a busi…
6 months, 1 week ago
Session 1: Introduction
In this session, we look at what an investment philosophy is, why you need one to be a successful investor and how best to tailor a philosophy to fit…
6 months, 1 week ago
Session 20: Pricing Analytics and Examples
In this session, we continued with our discussion of pricing, starting with the analytics that drive PEG, PBV, EV/EBITDA and revenue multiples. I pla…
6 months, 1 week ago
Session 21 (of 42): Growth Investing - Against the tide of history!
In this session, we wrap up our discussion of growth investing by looking at why some investors may choose to be growth investors, even though it has…
6 months, 1 week ago