All episodes
In Practice Webcast #12: The Trade off on Dividends
Chapter/Session 16: Investing in Middle Age
Session 23: Valuing flexibility and distressed equity as options
Beat you Bot: Building your moat against AI!
Session 23: Dividends, Potential Dividends and Cash Balances
The Power of Expectations: Nvidia's Earnings Report and Market Reaction
Session 22: Natural Resource Options and the Option to Expand
Dealing with Decline: Intel, Walgreens and Starbucks put to the test!
Session 22: The Trade off on Dividend Policy
Fed up with Fed Talk: Central Banking Fairy Tales and Facts!
In Practice Webcast #11: Designing Debt
Just do it! Brand Name Lessons from Nike's Troubles!
Session 21: Real Options - Introduction and Valuing Patents
A Big Tech Breakup: Cui Bono?
Session 21: Debt Design and First Steps on Dividends
The Sugar Daddy Effect? Corporate Venture Capital, Sovereign Wealth Funds and Green Investing!
Session 20: Valuing Private Business (for sale and IPO)
The Wisdom (and Madness) of Crowds: Political Markets as Election Predictors!
Session 20: Moving to Optimal and Designing the Right Debt
The Siren Song of Sustainability: The Theocratic Trifecta's Third Leg!
In Practice Webcast #10: Estimating an Optimal Debt Ratio
For the fun of it: An Open House for my Spring 2025 Classes
Session 19: Choosing the right multiple, asset based valuation
Data Update 1 for 2025: The Draw (and Dangers) of Data!
Session 19: APV and Relative Analysis - Capital Structure
Data Update 2 for 2025: The Party Continued for US Equities
Session 18: Applying Multiples and Market Regressions
Session 1: Class Logistics and Structure
Session 18: More on the Cost of Capital Approach to Optimizing Financing Choices
Data Update 3 for 2025: The times they are a'changin...
Introduction to Valuation Session
Session 1: Class themes, structure and logistics
Introduction to corporate finance session
Session 1: Class themes, structure and sequence
In Practice Webcast #9: The Trade off on Debt
Session 17: The cost of capital approach to optimizing financing mix
Data Update 4 for 2025: Interest Rates, Inflation and the Fed!
Session 17: Analyzing multiples (contd) and applying multiples
Session 2: The End Game in Business
Session 16: Describing and Analyzing Multiples
Session 2: The Bermuda Triangle of Valuation
Session 16: The Debt Equity Trade off
Session 3: Valuation approaches (continued) and first steps on intrinsic value
In Practice Webcast #8: Analyzing a typical project
DeepSeek crashes the AI Party: Story break, change or shift?
Session 15: Valuing Cyclical Companies, Value and Price and first steps on Relative Value
Session 3: Corporate Governance - Power abhors a vacuum!
Session 14: More on the Dark Side (Emerging Market, Financial Service and Transition Companies)
Session 3: Valuation Introduction (completed) and Cashflow Consistency
Session 14: Project interactions, side costs and benefits
Session 4: The DCF Big Picture and first steps on Riskfree rates
Session 13: The Dark Side of Valuation (Valuing markets and young companies)
Session 4: Closure on the End Game - Stakeholders, Sustainability and ESG
Session 13: Dealing with Uncertainty and Equity Analysis
Session 4: DCF Big Picture and First Steps in Riskfree Rates
Session 12: Last loose ends, narrative + numbers and first valuation
Session 5: Finishing up riskfree rates and moving on to risk premiums
Session 12: From earnings to time-weighted incremental cash flows
Data Update 5 for 2025: It is a small world after all!
In Practice Webcast #6: Debt and its Cost
Data Update 6 for 2025: From Macro to Micro - The Hurdle Rate Question
Session 11: Loose Ends in Valuation: Cash, Cross holdings and Other Assets
Session 5: Closure on the end game and first steps on risk
Session 11: Cost of Capital and First Steps on Returns
Session 5: Closure on Riskfree Rates and Equity Risk Premiums
Session 10: Terminal Value
Session 6: Implied Equity Risk Premiums
Session 10: Debt and its cost
Data Update 7 for 2025: The End Game in Business
Review Session for Quiz 1
Session 6: Riskfree Rates and Equity Risk Premiums
Quiz 1: Review Session
Session 6: Company Exposure to Country Risk + Implied Equity Risk Premiums
In-Practice Webcast #5: Estimating a bottom up beta
Session 7: Betas, relative risk and first steps on cost of debt
Session 9: Fundamental Growth
ROE, Returns to Shareholders, Good/Bad Companies and Efficient Markets: Back to Basics
Session 9: Estimating bottom up betas for companies
Session 8: Cost of capital closure + First steps on cash flows
Session 8: More on cash flows and first steps on growth
Session 7: Equity Risk Premiums and Betas
Session 8: Determinants of Betas
Session 7: Measuring Relative Risk - Betas and Alternatives
Session 7: Earnings and Cash flows -I
Session 9: Tax rates, Cap Ex and Working Capital
Data Update 8 for 2025: The Draw and Drawbacks of Debt
In Practice Webcast #4: Reading a Regression Beta Page
Session 8: Expected returns and Costs of Equity
Session 6: Measuring Beta, cost of debt and capital
Session 8: Closure on Cost of Capital + First steps on cash flows
Session 6: Equity Risk Premiums
Session 10: FCFE Closure and First Steps on Growth
Session 5: Implied Equity Risk Premiums (Fixed with slides)
Session 9: More on beta - bottom up betas and private company betas
Valuation Tools Webcast: Reading a 10K
Session 5: Risk and Return Models
Session 11: Closure on Growth and First Steps on Terminal Value
Session 5: Implied Equity Risk Premiums and First steps on relative risk measures
Session 10: Debt and the Cost of Debt
In-Practice Webcast #2: Analyzing the stockholder base