Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

Valuation 99

Valuation Corporate Finance Finance Financial Analysis 99

CFO Talks

JANUARY 30, 2025

Crafting Strategic Visions with Roger Castle In the latest CFO Club podcast, Leana van der Merwe sat down with Roger Castle, an accomplished CFO and finance expert with decades of experience across industries such as cloud management, online advertising, financial services, and telecommunications. Then we ask, how do we get there?

Communication 52

Communication CFO Valuation Construction 52

Musings on Markets

JANUARY 5, 2024

That year, I computed these industry-level statistics for five variables that I found myself using repeatedly in my valuations, and once I had them, I could not think of a good reason to keep them secret. After all, I had no plans on becoming a data service, and making them available to others cost me absolutely nothing. Beta & Risk 1.

Valuation 105

Valuation Financial Analysis Analyzing Data Profit and Loss 105

Fpanda Club

SEPTEMBER 2, 2021

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

Musings on Markets

DECEMBER 15, 2021

During my teaching lifetime, I have taught a wide swath of classes, ranging from banking to equity instruments, but in the last twenty years, my focus has been on three classes, c orporate finance, valuation and investment philosophies , with the last one taught only online.

Corporate Finance 83

Corporate Finance Valuation Finance Investments 83

Fpanda Club

JULY 24, 2022

However, being one of the first and mandatory concepts taught in finance classes all over the world, the DCF model has recently become the subject of debates and discussions in regards of its bias towards innovation. In about 600 B.C. They tend to avoid losses and prefer to keep the things as they are rather than invest in risky innovation.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Profit and Loss Benchmarking Valuation 130

VCFO

MAY 17, 2024

How can you be sure the decisions you are making are taking valuation in the right direction? v360 goes beyond traditional financial analysis and simple snapshots. Maximizing shareholder value supports many business objectives, including equity-based acquisitions, incenting talent, raising funds, and positioning for exit.

Benchmarking 78

Benchmarking Leadership Strategic Planning Valuation 78

Musings on Markets

FEBRUARY 18, 2025

Conclusion Many of the comments on my seventh data update, and on my explanation about why ROE and cost of equity dont have to be equal in an efficient market, came from people with degrees and certifications in finance, and quite a few of the commenters had finance professional listed in their profile.

Marketing 52

Marketing Profit and Loss Investments Accounting 52

Musings on Markets

JANUARY 6, 2023

It is perhaps a reflection of my age that I remember when getting data to do corporate financial analysis or valuation was a chore. Thus, without a sense of what comprises a high or low profit margin for a firm, or what the cost of capital is for the typical company, it is easy to create "fairy tale" valuations and analyses.

Valuation 52

Valuation Corporate Finance Financial Analysis Leverage 52

E78 Partners

AUGUST 21, 2023

Macro Investment Market Challenges a Headwind for Private Equity Valuations Private Equity Sponsors are facing their most challenging valuation market since the great recession of 2008-09. Heightened inflation and interest rates will continue to be valuation headwinds.

Planning 52

Planning Valuation Restructuring Leverage 52

Future CFO

JULY 18, 2021

She explained that these days it is about integrating the experience of governance, valuation, reporting, products, and reinsurance to deliver value for shareholders. Data-driven finance. How would you interpret a data-driven strategy within the finance function in the insurance business? Unique to insurance.

Marketing 52

Marketing CFO Finance Leadership 52

Musings on Markets

AUGUST 15, 2023

In every introductory finance class, you begin with the notion of a risk-free investment, and the rate on that investment becomes the base on which you build, to get to expected returns on risky assets and investments. What is a risk free investment? Why does the risk-free rate matter?

Investments 98

Investments Currencies Treasury Hurdle Rate 98

Future CFO

DECEMBER 7, 2020

Editor’s note: For our Female Leadership in Finance Series, FutureCFO editor Teresa Leung recently had a chat with Sereen Teoh (pictured below), CFO at BIG Loyalty. FutureCFO: Can you share with me your finance career journey? When did you start to become interested in finance? Sereen Teoh, CFO, BIG Loyalty. Why or why not?

CFO 52

CFO Financial Planning and Analysis (FP&A) Leadership Finance 52

Musings on Markets

JANUARY 9, 2021

To illustrate, consider a practice in valuation, where analysts are trained to add a small cap premium to discount rates for smaller companies, on the intuition that they are riskier than larger companies. It is very likely that these rules of thumb were developed from data and observation, but at a different point in time.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

CFO News Room

JANUARY 24, 2023

After all, I have lived much of my professional life in financial markets, where we have always had access to lots of data and market prices are set by crowds of investors. A few of these variables are macro variables, but only those that I find useful in corporate finance and valuation, and not easily accessible in public data bases.

Marketing 130

Marketing Valuation Corporate Finance Currencies 130

Musings on Markets

JANUARY 8, 2022

After all, I have lived much of my professional life in financial markets, where we have always had access to lots of data and market prices are set by crowds of investors. A few of these variables are macro variables, but only those that I find useful in corporate finance and valuation, and not easily accessible in public data bases.

Valuation 99

Valuation Corporate Finance Currencies Finance 99

Barry Ritholtz

JUNE 13, 2023

The exposure you get in investment banking, I was a leveraged finance banker by background. Was the plan when you were going to school in Paris always to go into finance, or were you originally leaning in another direction? And there was no hint at the time that I would be heading into finance. I think it was a great training.

Investments 59

Investments Banking Entertainment Marketing 59

Barry Ritholtz

DECEMBER 17, 2024

And then eventually I ended up in New York and then transitioned into finance. And so I think they saw that linkage between some technical expertise with finance, maybe working that with that industry. You’re doing financial analysis, but not as detailed as you were working on one deal, one transaction for months at a time.

Technology 52

Technology Investments Numbers Concentration 52