All episodes
Session 24: Closing Dividend Books and Opening Valuation Act
A 2022 Zomato Update: Price, Value and the Gap!
Session 25: Financial Flexibility and Distressed Equity as Options
Sow the wind, Reap the whirlwind: An Inflation Update (September 23, 2022)
Uncertainty in Investing and Valuation: What if questions, Scenario Analysis and Simulations
Session 23: FCFE, Dividends and Cash Balances
Free Cash Flow: Back to Basics
Session 24: Natural Resource Reserves, The Option to Expand and Abandon
Facebook (Meta) Lesson 1: Corporate Governance - The What, Why and What now?
Session 22: The Dividend Trade off - Good and Bad Reasons for Paying Dividends
Facebook (Meta) Lesson 2: Accounting Inconsistencies and Consequences
Session 23: Real Options Introduction
Facebook (Meta) Lesson 3: Tell me a story!
Session 21: Debt Design and Dividend Basics
A Return to Teaching: The Spring 2023 Edition
Session 22: Private Company Valuation - The Rest of the Story
Data Update 1 for 2023: Setting the table
Session 20: From actual to optimal and designing debt (intuitive)
Data Update 2 for 2023: A Rocky Year for Equities!
Session 21: Closing up pricing, asset based valuation and private company valuation
Session 1: Valuation 101 - Broad Themes and Class Logistics
Session 19: Financing Mix - The Rest of the Story
Session 2: First Steps on Valuation - Bias and the Bermuda Triangle
Session 20: Pricing young companies and across the market
Revisiting Tesla in January 2023: The Great Unraveling or a Return to Normalcy?
Session 18: Cost of Capital as Financing Mix Optimizer
Session 1: Class Logistics, Mission and Themes
Session 19: More on Pricing
Data Update 3 for 2023: Interest Rates and Bond Returns in 2022
Session 17: The Miller Modigliani Theorem and Financing Hierarchies
Session 2: The Bermuda Triangle and Approaches to Valuation
Dissent and Debate: Pushback on my Tesla Valuation!
India Rising hits a Roadblock: The Short Selling Threat to the Adani Group!
Valeant: Damaged Goods or Deeply Discounted Drug Company?
Data 2017 Update 10: The Pricing Game
Good Companies, Good Managers, Good Investments: Deciphering the Divide
The Theocratic Trifecta: The Allure and False Promise of ESG, Sustainability and Stakeholder Wealth
Session 5: Equity Risk Premiums
Session 7: Bottom-up Betas and Costs of Debt
Session 11: Terminal Value and First Steps on Loose Ends
Session 6: Risk, Riskfree Rates and Equity Risk Premiums (a start)
Session 9: Bottom Up Betas
Session 6: Betas and Beyond
Session 10: Top Down Growth
Session 8: Cost of Capital Wrap-up and First Steps on Cash flows
Session 8: The Determinants of Betas
Data Update 5 for 2023: Profitability, Returns and Value
Session 9: Historical, Analyst and Fundamental growth
Session 7: Equity Risk Premiums
Session 7: The Beta Regression
Session 7: Cost of Debt and Capital and First Steps on Cash Flows
Snap, the Perishable Picture Company: Valuing the IPO
Session 9: More on cash flows
Data Update 6 for 2023: The Upside and Downside of Debt
Session 7: Cost of Capital Closure and First Steps on Cash Flows
Session 8: Free Cash Flows to Firm and Equity
Session 5: Risk and Return Models and The Marginal Investor
Session 10: FCFE across the life cycle and Growth Rate Estimation
The Greatest Cash Machine in History: An Analysis of Apple (February 2017)
Session 9: Betas - Drivers and Determinants
Session 6: Measuring Relative Risk (Equity) and Cost of Debt
Session 9: Growth Rates
Session 4: Closing the books on the objective function and Opening the one on Risk
Session 11: Growth generalized!
Session 10: Closure on Cost of Equity
Session 3: Managers, Markets and Morality
Session 10: Growth and Terminal Value
Data 2017 Update 9: Dividends, Rodney Dangerfield of Corporate Finance
Session 12: The Tail that wags the Dog? Terminal Value in DCF
Session 4: Risk free Rates (continued) and first steps on ERP
Data Update 7 for 2023: Dividends, Buybacks and Cashflows
Data 2017 Update 8: Debt, the Dark and Light Side!
Session 11: Terminal Value Closure and First steps on the Loose Ends
Session 3: DCF Overview and First Steps on Discount Rates
Session 13: More loose ends in valuation
Session 12: Measuring Investment Returns
Data 2017 Update 7: Of Good and Bad Businesses!
Session 12: Last Loose Ends and First Steps on Storytelling
Data 2017 Update 6: The Cost of Capital
Session 14: Last loose end and story telling in valuation
Session 2: Setting the Table
Session 13: Incremental Cashflows and Dealing with Uncertainty
Data 2017 Update 5: A Taxing Year Ahead?
Session 13: More on stories and first valuations
Data 2017 Update 4: Country Risk
Session 15: More on story telling and first valuations
Session 14: Equity Analysis, Acquisition Valuation and NPV vs IRR
Data 2017 Update 3: Cracking the Currency Code
Session 14: Valuing the Market and Young Companies
Data 2017 Update 2: The US Markets in 2016
Session 16: Valuing companies across the life cycle
Narrative and Numbers: A number cruncher learns to tell stories!
Session 15: More excursions on the dark side of valuation
Data 2017 Update 1: The Promise and Perils of Data
Session 17: More excursions on the Dark Side of Valuation
Session 15: The Tesla Bot Case and Side Benefits/Costs in Projects
Active Investing: Rest in Peace or Resurgent Force?
Session 16: Closure on Investment Analysis
Session 16: Tying up Intrinsic Value
Session 18: Tying up Intrinsic Value