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Myth 4.2: It's all about D in the DCF
If you have taken a class on valuation, think back to what you spent most of your time doing and I will wager you spent it talking about discount rates. If there was any attention paid to cash flows...
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Myth 4.3: The D cannot change (over time) in a DCF
In my last post, I argued that academics and practitioners pay too much attention to discount rates in valuation and too little to cash flows. One reason for that attention may by the fear that you...
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Myth 4.4: The D(discount) rate is a receptacle for your hopes and fears
In discounted cash flow valuation, discount rates are the instruments that we use to adjust for the risk in cash flows. In practice, discount rates often take on a far greater role. Some analysts use...
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Myth 4.5: DCFs break down with near-zero risk free rates!
In any version of a risk and return model for discount rates, where you start with a riskfree rate as a base and build up to costs of equity, debt and capital, it seems blindingly obvious that as...
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Written by a team of business and finance experts, Starting & Running a Business All-In-One For Dummies is a complete guide to every aspect of setting up and growing a successful business.read more...
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While food trucks may not be the new kid on the block anymore, it's a segment that continues to swell—and there's still plenty of room for growth. If you have your sights set on taking your culinary...
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Strategic Social Media: From Marketing to Social Change
Strategic Social Media is the first textbook to go beyond the marketing plans and how-to guides, and provide an overview of the theories, action plans, and case studies necessary for teaching...
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Why Winners Win: What it Takes to be Successful in Business and Life
Why Winners Win identifies the crucial elements of business success and provides step-by-step guidance on getting there. Author Gary Pittard shows you why consistent results are the key contributing...
View ArticleFamily Life in China
The family has long been viewed as both a microcosm of the state and a barometer of social change in China. It is no surprise, therefore, that the dramatic changes experienced by Chinese society over...
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Strategic Social Media: From Marketing to Social Change
Strategic Social Media is the first textbook to go beyond the marketing plans and how-to guides, and provide an overview of the theories, action plans, and case studies necessary for teaching...
View ArticleResults: Think Less. Achieve More
Life can be a bit overwhelming sometimes, right? It can be difficult to clear your mind of a million different anxieties and focus in on the one thing you need to get done.read more...
View ArticleFamily Life in China
The family has long been viewed as both a microcosm of the state and a barometer of social change in China. It is no surprise, therefore, that the dramatic changes experienced by Chinese society over...
View ArticleNew York State Department Of Financial Services Fines Agricultural Bank Of...
Financial Services Superintendent Maria T. Vullo today announced that Agricultural Bank of China (the Bank) will pay a $215 million penalty and install an independent monitor for violating New York’s...
View ArticleTehran Stock Exchange Weekly Market Review - Week Ending 2 November 2016
Click here to download Tehran Stock Exchange's weekly market review.
View ArticleDIFC Home To First, Innovative Equity Crowdfunding Platform In The Region, As...
Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and...
View ArticleThe Mortality and Medical Costs of Air Pollution: Evidence from Changes in...
We estimate the effect of acute air pollution exposure on mortality, life-years lost, and health care utilization among the US elderly. We address endogeneity and measurement error using a novel...
View ArticleApplying Asset Pricing Theory to Calibrate the Price of Climate Risk -- by...
Pricing greenhouse gas emissions is a risk management problem. It involves making trade-offs between consumption today and unknown and potentially catastrophic damages in the (distant) future. The...
View ArticlePublic Debt as Private Liquidity: Optimal Policy -- by George-Marios...
We study the Ramsey policy problem in an economy in which public debt contributes to the supply of assets that private agents can use as buffer stock and collateral, or as a vehicle of liquidity....
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