The Aging of the Tech Sector: The Pricing Divergence of Young and Old Tech Companies

As the NASDAQ approaches historic highs, Apple’s market cap exceeds that of the Bovespa (the Brazilian equity index) and young social media ...

DCF Myth 1: If you have a D(discount rate) and a CF (cash flow), you have a DCF!

Earlier this year, I started my series on discounted cash flow valuations (DCF) with a post that listed ten common myths in DCF and promise...

How low can you go? Doing the Petrobras Limbo!

A few months ago, I suggested that investors venture where it is darkest, the nether regions of the corporate world where country risk, comm...

Blood in the Shark Tank: Pre-money, Post-money and Play-money Valuations

My kids are inclined to binge TV-watching, especially in the winter, and this Christmas break, when they were all home, they were at it agai...

Discounted Cashflow Valuations (DCF): Academic Exercise, Sales Pitch or Investor Tool?

In my last post , I noted that I will be teaching my valuation class , starting tomorrow (February 2, 2015). While the class looks at the wh...