Musings on Markets

FEBRUARY 8, 2025

In data update 2 , I looked at equity risk premiums in the United States, and expanded that discussion to equity risk premiums in the rest of the world in data update 5 ). In data update 4 , I looked at movements in corporate default spreads during 2024. Corporate Default Risk , i.e,

Risk Premium 74

Risk Premium Beta Start-ups Equity 74

Musings on Markets

JANUARY 28, 2024

In short, if you don't like betas and have disdain for modern portfolio theory, your choice should not be to abandon risk measurement all together, but to come up with an alternative risk measure that is more in sync with your view of the world.

Risk Premium 123

Risk Premium Beta Start-ups Equity 123

Reynolds Holding

JANUARY 6, 2025

Indonesia Indonesian Financial Services Authority Hosts Summit to Promote Good Governance in the Financial Sector The Indonesian Financial Services Authority (Otoritas Jasa Keuanga; OJK) hosted the 2024 Risk and Governance Summit on November 26. The consultation on Draft RG 000 is open until December 19, 2024.

Treasury 45

Treasury Finance Banking Marketability 45

Equidam

APRIL 22, 2025

10] , [23] , [2] Discount Rate: The rate used to discount future cash flows is typically the cost of equity, calculated via the Capital Asset Pricing Model (CAPM): Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium. [23] 23] Risk-Free Rate: Tied to government bond yields (e.g.,

Discounted Cash Flow 64

Discounted Cash Flow Terminal Value Marketability EBITDA 64