Musings on Markets

AUGUST 2, 2021

Some started by describing me as some kind of valuation luminary, and then proceeding to describe what I did to arrive at value as the result of deeply insightful research. I start with my valuation classes with the motto that I would rather be transparently wrong than opaquely right. Let me dispel both delusions.

Marketability 52

Marketability Start-ups Technology Market Risk 52

Equilest

JUNE 27, 2024

Preparing for the Valuation Process Gathering Financial Documents Before you start the valuation process, you need to gather all relevant financial documents. By comparing the company to industry benchmarks, you can see how it stacks up against its peers. This includes income statements, balance sheets, and cash flow statements.

Business Valuation 40

Business Valuation Intangible Assets Discounted Cash Flow Asset-based Approach 40

Reynolds Holding

MARCH 24, 2024

We did it in the 1960s when we first offered guidance on disclosure related to risk factors. [12] 12] We did so in the 1970s regarding disclosure related to environmental risks. [13] 14] We did it again in the 1990s when we required disclosure about executive stock compensation [15] and in 1997 regarding market risk. [16]

Marketability 45

Marketability Market Risk Compliance Start-ups 45

Reynolds Holding

AUGUST 9, 2023

Require these banking organizations to calculate their risk-based capital ratios under the existing standardized approach and expanded standardized approach (a “dual-stack” requirement), and use the lower (less favorable) ratio of the two. Eliminate the opt-out for accumulated other comprehensive income (“AOCI”).

Banking 52

Banking Market Risk Marketability Finance 52

Musings on Markets

JANUARY 28, 2024

Third, by making investing a choice between good (higher returns) and bad (higher risk), a message is sent, perhaps unwittingly, that risk is something to be avoided or hedged. micro uncertainties, into discount rates, and in the process, they end up incorporating risk that investors can eliminate, often at no cost.

Risk Premium 121

Risk Premium Beta Start-ups Equity 121

Brian DeChesare

APRIL 13, 2022

It seems like a simple strategy: buy a stock if you think it’s going up and sell or short a stock if you think it’s going down. The basic idea is simpler than other hedge fund strategies , but it gets more complex when you think about the entire portfolio and risk management: What is Long/Short Equity?

Equity 98

Equity Start-ups Banking Marketability 98

Musings on Markets

FEBRUARY 8, 2025

In business financing decisions , the cost of capital becomes an optimizing tool , where businesses look for a mix of debt and equity that reduces the cost of capital , and where matching up the debt (in terms of currency and maturity) to the assets r educes default risk and the cost of capital.

Risk Premium 72

Risk Premium Beta Start-ups Equity 72

Equidam

APRIL 22, 2025

2] Startups typically lack significant historical financial data, often operate with negative profits initially, rely heavily on private equity or venture capital rather than traditional bank loans, and face a much higher risk of failure. [1] This premium rises when perceived market risk increases. [27]

Discounted Cash Flow 52

Discounted Cash Flow Marketability Risk Premium Start-ups 52

Equidam

JANUARY 24, 2025

This valuation becomes particularly important when you decide to set up an ESOP (Employee Stock Ownership Plan). saving on employee taxes) overshadow the need for a robust, well-supported valuation that will also stand up to investor scrutiny in the next financing round. Industry Reports : Validate your market size and potential.

Compliance 59

Compliance Equity Fair Market Value Discounted Cash Flow 59

Equidam

APRIL 22, 2025

23] , [24] , [25] This average serves as a starting point, which is then adjusted upwards or downwards based on the specific startup’s relative strengths and weaknesses across several key criteria. [21] 23] Equidam uses country-specific risk-free rates (10-year government bonds) and market risk premiums (sourced from Damodaran). [23]

Discounted Cash Flow 64

Discounted Cash Flow Terminal Value Marketability EBITDA 64

Reynolds Holding

JANUARY 14, 2025

Thrift and Bank Crisis of the 1980s Let me start by going back to 1980, when the banking and thrift industries had experienced more than four decades of stability. Most of these deposits were uninsured and started running quickly when questions emerged about Continentals viability.

Banking 45

Banking Marketability Treasury Start-ups 45

Global Finance

DECEMBER 26, 2024

Breaking technologies, including artificial intelligence, are redefining offerings in the foreign exchange market by incorporating new participants, reducing information asymmetries, and increasing competitiveness, he says. The bank has started an internal digitalization project to simplify and accelerate the workflow for FX transactions.

Banking 87

Banking Marketability Technology Finance 87