Musings on Markets

AUGUST 19, 2024

In fact, the business life cycle has become an integral part of the corporate finance, valuation and investing classes that I teach, and in many of the posts that I have written on this blog. Tech companies age in dog years, and the consequences for how we manage, value and invest in them are profound.

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Musings on Markets

JANUARY 31, 2025

The investments in that AI architecture were being made, with the expectation that companies that invested in the architecture would be able to eventually profit from developing and selling AI products and services. The AI Story, after DeepSeek I teach valuation, and have done so for close to forty years.

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Barry Ritholtz

APRIL 8, 2023

A nine-time “Professor of the Year” winner at NYU, Damodaran teaches classes in corporate finance and valuation to MBA students. He has also written several books on corporate finance and equity valuation and has published widely in journals. Damdoran loves “untangling the puzzles of corporate finance and valuation.”

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Valuation Corporate Finance Investments Education 121

Barry Ritholtz

OCTOBER 9, 2024

 ATM: Valuation is an exercise in faith with Aswath Damodaran. Full transcript below. ~~~ About this week’s guest: Professor Aswath Damodaran of NYU Stern School of Business is known as the Dean of Valuation. . ~~~ About this week’s guest: Professor Aswath Damodaran of NYU Stern School of Business is known as the Dean of Valuation.

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Valuation Investments Finance Marketing 129

CFO News

JUNE 8, 2025

Mizuho Financial Group is set to acquire KKR-backed Avendus Capital for $700 million, marking Mizuho's largest investment in India. Avendus founders, excluding Ranu Vohra, will remain invested and manage the company, continuing its operations across financial services in India, the US, and Singapore.

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CFO News Room

FEBRUARY 3, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

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Future CFO

JUNE 10, 2025

A number of well-followed ESG-themed stock indices have been outperforming their conventional benchmarks since 2022, presenting potentially attractive investment opportunities in Southeast Asia. The post ESG-themed stock indices pose attractive investment opportunities in Southeast Asia appeared first on FutureCFO.

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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. Return on (invested) capital 2. Buybacks 2.

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Corporate Finance Valuation Numbers Finance 120

CFA Institute

JANUARY 17, 2025

This post explores the intricacies of the equity risk premium, scrutinizes traditional valuation models, and introduces an updated framework to guide strategic decision-making in today’s volatile environment.

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Valuation Economics Investments 52

Musings on Markets

JANUARY 17, 2025

I will follow up by trying to judge where markets stand at the start of 2025, starting with PE ratios, moving on to earnings yields and ending with a valuation of the index. In a more subtle variants, there will be growth, but that growth will come from investments that earn returns equal to the cost of equity.

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Treasury Valuation Marketing Forecasting 129

Future CFO

FEBRUARY 9, 2025

In this environment, CFOs must prioritise cybersecurity investments that deliver a tangible return on investment. One of the main challenges in securing cybersecurity investments lies in the nature of cybersecurity itself. How can we maximise the return on these investments while achieving our security goals?"

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CFO News Room

JANUARY 15, 2023

billion I estimated in 2021 (year 8 in my IPO valuation) as revenues in my IPO valuation of the company in November 2013, and its operating margin, even with generous assumptions on R&D, was 19.02% in 2021, still below my estimate of 19.76% in that year. . The Twitter Story. billion, well below the $9.6

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Valuation Advertising Numbers Education 130

CFO News

MARCH 17, 2025

Manish Sonthalia of Emkay Investment Managers highlights the impact of macroeconomic changes on India's market, particularly regarding de-dollarisation and fiscal policies. Additionally, he emphasizes valuation concerns in capex stocks despite government initiatives.

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Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. The second is on investment and capital intensity , where it has managed to take what critics pointed to as weaknesses (unwillingness to build large and expensive assembly plants ahead of time, to meet future demand) and made them into strengths.

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Valuation Profit and Loss Manufacturing Investments 101

CFO News Room

NOVEMBER 17, 2022

Real estate investing can be intimidating to new investors – you must search for the right property, obtain financing, purchase the property, and then find tenants. Real estate investing takes work and can be risky, and many don’t have the time or risk tolerance to commit. You can also find tenant-occupied investment properties here.

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Investments Valuation Finance Marketing 130

Global Finance

APRIL 5, 2025

The top five IPOs by valuation in 2024 were Lineage on the Nasdaq ($5.1 Deal activity will continue, owing to increased confidence and stable macroeconomics, says Robert Leon, co-head of Rand Merchant Bank (RMB) Investment Banking. IPOs, however, are enjoying a surge. In Europe, IPOs are down 19%. billion), Puig Brands in Madrid ($2.9

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Mergers and Acquisitions (M&A) Investments Banking Finance 52

CFO News

MAY 26, 2023

The finance veterans highlighted that the funding winter for Indian startups will last at least for six to nine months more, and the investment crisis has normalised the valuation of startups.

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Valuation Startups Finance Investments 105

Barry Ritholtz

FEBRUARY 7, 2024

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. Should value investing be part of that strategy? TRANSCRIPT: Jeremy Schwartz Value Investing Barry Ritholtz : How much you pay for your stocks has a giant impact on how well they perform. What Is value investing?

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Investments Valuation Construction Marketing 117

Musings on Markets

FEBRUARY 2, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

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Valuation Investments Forecasting Numbers 99

CFA Institute

MAY 14, 2025

Dan Philps, PhD, CFA, is the head of Rothko Investment Strategies, where he leads an AI-driven systematic equities investment business that has delivered strong, fundamentally-driven alpha for institutional investors since its inception in 2013. He is a CFA charterholder and a member of the CFA Society of the UK.

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Investments Business Analytics Communication Valuation 52

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. In this role, the cost of capital is an opportunity cost, measuring returns you can earn on investments on equivalent risk.

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Hurdle Rate Valuation Corporate Finance Currencies 75

Global Finance

FEBRUARY 14, 2025

There are a number of possible explanations for the run of European banking deals, says Russ Mould, investment director at AJ Bell. Ultimately the key issue is valuation. trillion worth of investments. JPMorgan Chase & Co was the highest placed US-based bank with $3.9 trillion AUM.

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Mergers and Acquisitions (M&A) Banking Valuation Construction 72

CFO News

SEPTEMBER 12, 2023

As per the revised norms, banks will have to classify their entire investment portfolio under three categories -- Held to Maturity (HTM), Available for Sale (AFS) and Fair Value through Profit and Loss (FVTPL).

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Profit and Loss Investments Valuation Banking 98

CFA Institute

NOVEMBER 30, 2023

Rob Price, CFA, is the founder and CIO at Sound Money Capital in Los Angeles, a digital asset manager for HNWs and family offices. Prior to Sound Money, he was the head of asset allocation for South Africa’s largest pension fund -- Alexander Forbes, Mercer's African partner -- between 2016 and 2021.

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Valuation Finance Performance Measuring Economics 52

Global Finance

APRIL 5, 2025

TM Infrastructure And Project Finance: European Bank for Reconstruction and Development It was a record-setting year for the European Bank for Reconstruction and Development (EBRD), with more than $17 billion invested in infrastructure and development projects globally, representing a 30% increase in year over year. billion valuation.

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Mergers and Acquisitions (M&A) Investments Banking Healthcare 52

Musings on Markets

APRIL 21, 2022

billion I estimated in 2021 (year 8 in my IPO valuation) as revenues in my IPO valuation of the company in November 2013, and its operating margin, even with generous assumptions on R&D, was 19.02% in 2021, still below my estimate of 19.76% in that year. billion, well below the $9.6

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Valuation Advertising Numbers Education 115

Nerd's Eye View

MARCH 6, 2024

The Shilller Cyclically Adjusted Price-to-Earnings (CAPE 10) Ratio is one example that takes into account current market valuations versus company earnings, generally predicting that the higher the valuation at the beginning of a period the lower the expected return for that period. Read More.

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Valuation Economics Leverage Investments 98

Barry Ritholtz

NOVEMBER 26, 2024

Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. I’m Barry Ritholtz, and on today’s edition of At the Money , we’re going to discuss how retail investors can responsibly invest in crypto.

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Investments Currencies Financial Systems Marketing 58

PYMNTS

NOVEMBER 24, 2020

According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. FinTech Stripe is considering a funding round to value it higher than the $36 billion it got on its last round, Bloomberg reports.

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Valuation Startups eCommerce Sales 117

CFO News

JULY 19, 2024

Further, how does it impact investment decisions, market valuations, ease of doing business, and foreign investment?

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VCFO

MARCH 30, 2023

Building Blocks and Best Practices for Driving Business Value Business valuation is not an original or uncommon topic. Products are eventually going to suffer if investments are not being made into improving their use, refining their aesthetics, and understanding who is using them.

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Musings on Markets

JUNE 2, 2025

Default is particularly expensive when it leads to banking crises and currency devaluations; the former has a longstanding impact on the capacity of firms to fund their investments whereas the latter create political and institutional instability that lasts for long periods. for investment grade (Aaa to Baa1) sovereign debt.

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Nerd's Eye View

JANUARY 31, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that following the change of administration (and a new incoming chair of the SEC), the Investment Adviser Association is seeking to find ways to help RIAs (particularly smaller firms) manage the compliance responsibilities they (..)

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Valuation Compliance Communication Planning 98

VCFO

NOVEMBER 7, 2023

How Quality of Earnings Reports Impact Valuation Securing a Quality of Earnings (QoE) report is often a routine step in the due diligence process for acquisitions. The post Quality of Earnings Reports Impact Valuation appeared first on vcfo. EBITDA is not a complete indication of financial performance for a business.

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E78 Partners

MAY 29, 2025

How middle-market PE firms are redefining the CFO role to maximize returns in an increasingly complex investment environment The private equity playbook is shifting. For Operating Partners and General Partners focused on middle-market investments, the CFO has evolved from financial steward to strategic architect. yearsup from 3.1

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CFO Valuation Investments Leadership 52

Nerd's Eye View

FEBRUARY 11, 2025

David is the President of Succession Resource Group, an advisory consulting and valuation business based in Portland, Oregon that serves independent financial advisors with RIAs and broker-dealers. Welcome to the 424th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is David Grau, Jr.

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Planning Valuation Sales Investments 64

CFO Dive

AUGUST 2, 2022

as the investment firm’s performance faces pressure amid the slump in fixed-income and equity market valuations. KPMG veteran Brad Watkins is joining Oppenheimer & Co.

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Valuation CFO Investments Marketing 144