Narrative Resets: Revisiting a Tech Trio (Apple, Facebook and Twitter)

In a post in August 2014 , I examined the importance of narratives in valuation and how shifts or changes in those narratives can affect val...

DCF Myth 2: A DCF is an exercise in modeling and number crunching!

Most people don't trust DCF valuations, and with good reason. Analysts find ways to hide their bias in their inputs and use complexity t...

Decoding Currency Risk: Pictures of Global Risk - Part IV

In my last three posts, I have looked at country risk, starting with measures of that risk and then moving on to valuing and pricing that...

Pricing Country Risk - Pictures of Global Risk - Part III

In my last two posts, I looked at country risk, starting with an examination of measures of country risk in this one and how to inc...