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For the fun of it: An Open House for my Spring 2025 Classes

Musings on Markets

It has sometimes got me some blowback, when I expressed my views about value investing being rigid, ritualistic and righteous and the absolute emptiness of virtue concepts like ESG and sustainability, but so be it. I am aware of things that I need to work on.

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The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications!

Musings on Markets

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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Cybersecurity investments: A strategic imperative for CFOs

Future CFO

The Cyber Security Agency of Singapore has issued stark warnings about the rising threat of cyberattacks, and the Personal Data Protection Act (PDPA) sets stringent standards for data protection. In this environment, CFOs must prioritise cybersecurity investments that deliver a tangible return on investment.

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World’s Best Investment Banks 2025: Global Winners By Sector

Global Finance

The GEM sectors wave of M&A was driven by the race for resource security. billion aimed at promoting energy security as well as vital infrastructure, and food security; and at sponsoring trade in the war-torn country. billion in 121 projects across six countries, nearly double the amount it invested in 2023.

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World’s Best Investment Banks 2025: Regional Winners

Global Finance

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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Treasury Inflation-Protected Securities: What Investors Should Know About TIPS

CFO News Room

TIPS have suddenly moved to center stage for investors, as the surge in inflation has drawn new interest in Treasury inflation-protected securities. But how much do investors really know about these securities, other than their alluring name? Yes, TIPS may have a role to play in many portfolios, investment pros say.

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Valuation and Corporate Governance Consequences

CFO News Room

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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