(Ελληνικά) Στον Βωμό της Ανάπτυξης
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(Ελληνικά) Από το Ζενίθ στο Ναδίρ.
Sorry, this entry is only available in Ελληνικά.
Valuation Demystified – Myths and Truths
“There are three obvious shortcomings of the DCF approach. One, it ignores key information -- namely the value of the assets in the business. Two, it takes very good information which is the near term cash flow projections, and very uncertain information, the terminal value which is supposed to capture the value of cash flow beyond four years, [...]
Valuation and its Windfall Benefits: Is there a reason why I should conduct a valuation, even if I do not plan to sell my company?
«Companies should know how much value they are creating from year to year to make sure they are executing on their strategic plan. Knowing revenue and EBITDA is not enough. Most companies have several businesses within one company and the value of those businesses can fluctuate depending on market conditions. Also, even if you [...]
STAY POSITIVE
At the end of each year, it is customary to take stock of the year. We analyze what we did well, what we could improve and finally what we should have avoided. At the same time we make a wish and give a promise for the coming year. This promise is usually accompanied by a [...]
Competitive Advantage – Myths and Truths
What do Value Investors, like Buffett, mean by "Good" Businesses or "Franchises"? The successful companies in which Warren Buffett and many other investors have invested have various characteristics that make them attractive over time. What are these features? What attracts the attention of investors? Almost everyone agrees that good companies are companies that enjoy [...]
Company Valuation: My personal experience
What if you are a CEO, and you have no idea what the intrinsic value of your business is? What do you do then? 1 Company Valuation: My personal experience I founded Sarah Lawrence, a women’s clothes distribution company in 1982, and I was the CEO for 37 years. During that time we [...]
How Funds evaluate the Management of a company: The 4 most important factors
How Funds evaluate the Management of a company: The 4 most important factors It is universally accepted that the quality of management is reflected in the annual profitability of the company it manages. One can hardly challenge the work of management when the company is profitable for a long time. However is only one criterion [...]