Brian DeChesare

SEPTEMBER 13, 2023

You will not be a good candidate for venture capital, growth equity, or corporate finance roles because the skill sets are too different. Normal industry groups in investment banking and corporate development jobs might also be difficult because you could be perceived as overly specialized.

Equity 103

Equity Banking EBITDA Start-ups 103

Brian DeChesare

AUGUST 31, 2022

Here’s how Nicholas Investment Partners describes its strategy : 4) Beta – Convertible arbitrage is right in the middle of hedge fund strategies , with a decent correlation to bonds (0.40) and less of a correlation to equities (0.20). Convertible Securities: A Complete Guide to Investment and Corporate Financing Strategies.

Banking 89

Banking Risk-free Rate Equity Start-ups 89

Brian DeChesare

JULY 27, 2022

4) Moderate Net Exposure and Beta – Most credit funds are in the middle of the pack here, with Betas to equities and bonds in the 0.4 – 0.5 Second, you don’t position yourself very well for roles at normal companies, such as corporate development and corporate finance , because the skill sets are not related.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Appraiser Newsroom

JUNE 4, 2024

He is member of the Beta Gamma Sigma Honor Society, Financial Executives International, and the National Association of Corporate Directors (NACD). Gianfala is a Vice President of the Valuation Advisory group with over 15 years of experience in accounting, corporate finance, and business valuations.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Finance 59

Musings on Markets

JANUARY 31, 2024

In fact, that objective of value maximization drives every aspect of the business, as can be seen in this big picture perspective in corporate finance: For some companies, especially mature ones, value and profit maximization may converge, but for most, they will not.

Equity 80

Equity Book Value Start-ups Corporate Finance 80

Musings on Markets

FEBRUARY 27, 2023

If you have taken a corporate finance class sometime in your past life are probably wondering how this approach reconciles with the Miller-Modigliani theorem, a key component of most corporate finance classes, which posits that there is no optimal debt ratio, and that the debt mix does not affect the value of a business.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

JANUARY 6, 2023

Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing. The second is that in my line of work, which is corporate finance and valuation, the numbers I need lie in micro or company-level data, not in the macro space. Cost of Equity 1. PE & PEG 2. Cost of Debt 2.

Risk Premium 52

Risk Premium Dividends Start-ups EBITDA 52

Valutico

AUGUST 17, 2022

We’re particularly happy that this represents a significant increase in our offering for Venture Capital and Corporate Finance firms across the 70 countries Valutico is already being used in. The calculation of these discount rates are based on the observed betas of similar listed peer companies.

Start-ups 52

Start-ups EBIT Weighted Average Cost of Capital Discounted Cash Flow 52

Brian DeChesare

AUGUST 10, 2022

The entire Energy Services vertical is like a “high Beta” play on oil and gas prices. If you want to stay in energy, pretty much anything is open to you: private equity, hedge funds, corporate development, corporate finance, etc. Another option might be to transfer into a generalist IB industry group.

Banking 98

Banking EBITDA Dividends Equity 98

Musings on Markets

JANUARY 28, 2024

In particular, there are wide variations in how risk is measured, and once measured, across companies and countries, and those variations can lead to differences in expected returns and hurdle rates, central to both corporate finance and investing judgments.

Risk Premium 117

Risk Premium Beta Start-ups Equity 117

Musings on Markets

JANUARY 5, 2024

In my corporate finance class, I describe all decisions that companies make as falling into one of three buckets – investing decisions, financing decision and dividend decisions. Beta & Risk 1. Financing Flows 5. Return on Equity 1. Debt Ratios & Fundamentals 1. Debt Details 1. Buybacks 2. Tax rates 4.

Dividends 105

Dividends Risk Premium Equity Book Value 105

Musings on Markets

JANUARY 10, 2025

In corporate finance and investing, which are areas that I work in, I find myself doing double takes as I listen to politicians, market experts and economists making statements about company and market behavior that are fairy tales, and data is often my weapon for discerning the truth. Beta & Risk 1. Financing Flows 5.

Risk Premium 115

Risk Premium Dividends Start-ups Corporate Finance 115

Musings on Markets

FEBRUARY 8, 2025

I spend most of my time in the far less rarefied air of corporate finance and valuation, where businesses try to decide what projects to invest in, and investors attempt to estimate business value. I am not a purist on this measure, and while I use betas in my computations, I am open to using alternate measures of relative equity risk.

Risk Premium 72

Risk Premium Beta Start-ups Equity 72