RNC

DECEMBER 20, 2023

Intangible Assets: Intangible assets have become increasingly important in the digital age when concepts and inventions frequently surpass real assets. Conclusion: As businesses continue to evolve in the digital age, the role of intangible assets in shaping their success cannot be overstated.

Intangible Assets 52

Intangible Assets Technology Compliance Banking 52

Brian DeChesare

NOVEMBER 15, 2023

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. These points go back to the flawed concept of “ investment banking certifications.” If you’re unwilling to do an MBA, you do not have many paths into investment banking past a certain age.

Banking 59

Banking Start-ups Finance Private Equity Firm 59

Brian DeChesare

SEPTEMBER 14, 2022

For example, if you work in Debt Capital Markets or Leveraged Finance or a closely related area such as corporate banking , technically, you are a “credit analyst.”. Investment banks, investors, and lenders then use these ratings in their analyses. This definition is so broad that it could refer to dozens of roles.

Finance 74

Finance Banking Corporate Finance Start-ups 74

Musings on Markets

JANUARY 11, 2024

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

Viking Mergers

AUGUST 19, 2022

Until [2020], the overall number of retired Boomers had been growing annually by about 2 million on average since 2011 (the year the oldest Boomer reached age 65), and the largest increase was 2.5 Buyers and banks will wonder where the bottom is, and they won’t want to pay full price. million Baby Boomers retired, which is 3.2

Start-ups 130

Start-ups Equity Banking 130

Brian DeChesare

APRIL 6, 2022

Ask anyone joining a large bank which group they’re most interested in, and consumer retail investment banking is a likely answer. The benefits of the group are almost like the benefits of getting into investment banking : brand/prestige, technical skills, and exit opportunities.

Banking 96

Banking Start-ups Equity Marketability 96

Reynolds Holding

OCTOBER 22, 2023

Blockchain programming has been touted as a proof of concept for a decentralized system that, once fully realized, would displace institutional banks from their perch as payment intermediaries. Yet today, cryptocurrency is viewed primarily as a speculative investment.

Banking 64

Banking Marketability Technology Finance 64

Benzinga

JANUARY 10, 2023

-based global provider of fintech and consumer data analytics, has signed a binding letter of intent to acquire privately-held Nest Egg Investments in an all-stock transaction valued at $30 million. Under the terms of the proposed merger, GoLogiq would acquire Nest Egg Investments as a wholly owned subsidiary in an all-stock transaction.

Beta 40

Beta Banking Marketability Technology 40

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.”

Equity 70

Equity Banking Start-ups Private Equity Firm 70

ThomsonReuters

OCTOBER 12, 2023

citizen or resident living or traveling outside the United States, you are generally required to file an income tax return using Form 1040 in the same way as individuals residing in the United States. Your income, filing status, and age generally determine whether you must file a return. If you are a U.S. File using Form 1040.

Compliance 75

Compliance Banking 75

Musings on Markets

DECEMBER 21, 2022

If your query is why I would continue to teach rather than seek out more lucrative careers in investing or banking, my answer is a simple one. It is ironic, and perhaps telling, that our understanding of statistics seems to have hit rock bottom in the age of big data. firms in emerging markets or private businesses.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Startup Valuation Blog

MARCH 15, 2022

If your monthly expenditure of the startup is around 5000 USD and your bank account holds 5000 USD, you are more likely to go bankrupt in one month. Once the turnover value is greater, your capital and stakeholders will be ready to invest more into the company and will back you with risks and other steps that you take for your business.

Start-ups 100

Start-ups Marketability Business Enterprise Firm Value 100

Internal Audit 360

MARCH 29, 2023

He was well read and a trivia expert too, despite his own father abandoning him and his mother at a young age. Reflecting on the recent failure of Silicon Valley Bank (SVB), where was management and board’s Lemmy-like openness, honesty, and candidness a year or more ago when it was evident that a U.S. The post Bigfoot?

Banking 98

Banking 98

Simply Treasury

FEBRUARY 27, 2020

Taking an assured dry loss or preferring an investment with relative positive returns and limited volatility is a real strategic choice to consider. What would be the reasons to believe in rising rates as populations age, the economy is still slowing down, the cost of living is already very expensive, and States are over-indebted.

Banking 52

Banking Marketability 52

Reynolds Holding

MAY 23, 2023

I am pleased to welcome everyone to the Division of Investment Management’s inaugural Conference on Emerging Trends in Asset Management. In 1935, Congress mandated that the newly formed SEC conduct a study of investment trusts and investment companies, report to Congress on their findings, and make recommendations. [1]

Banking 40

Banking Technology Marketability Capital Structure 40

Brian DeChesare

SEPTEMBER 20, 2023

No Right or Wrong Answers – Some technical questions have correct answers, but many market and investment ones do not. There are better and worse explanations for your answers, but in the absence of time travel, VC interviewers can’t determine if your startup investment pitch was “correct.” Which market is attractive?

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Brian DeChesare

FEBRUARY 9, 2022

They might just mention the names of some large firms, such as KKR or Blackstone, and say that they’ve been dreaming about them since the age of 5. Company Types: These firms invest in large, publicly traded companies that serve addressable markets worth tens or hundreds of billions. Of course, they may not phrase it exactly like that.

Equity 52

Equity Banking Start-ups Finance 52

Musings on Markets

JULY 1, 2022

To put risk capital in perspective, it is best to start with a definition of risk that is comprehensive and all-inclusive, and that is to think of risk as a combination of danger (downside) and opportunity (upside) and to consider how investments vary in terms of exposure to both.

Marketability 88

Marketability Risk Premium Start-ups Equity 88

Musings on Markets

JANUARY 19, 2022

If equity markets surprised us with their resilience in 2020, not just weathering a pandemic for the ages, but prospering in its midst, US equity markets, in particular, managed to find light even in the darkest news stories, and continued their rise through 2021. The year that was.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Reynolds Holding

APRIL 4, 2022

Second, crypto platforms currently list both crypto commodity tokens and crypto security tokens, including crypto tokens that are investment contracts and/or notes. 6] The settlement made clear that crypto markets must comply with time-tested securities laws, such as the Securities Act of 1933 and the Investment Company Act of 1940.

Marketability 65

Marketability Banking Start-ups Compliance 65

Musings on Markets

DECEMBER 15, 2021

For much of the last two years, rather than teach my classes in a classroom, I taught my classes from my home office, making a few low-cost, low-tech investments to improve my set up. Web page for class Finally, we live in the age of data, and it is surprising that we use that data so little, and when we do, so badly.

Corporate Finance 56

Corporate Finance Finance Start-ups Technology 56

Reynolds Holding

SEPTEMBER 12, 2023

Equity Markets With some 68 million American households investing in the equity markets , [9] these markets are critical to issuers and investors alike. Congress also gave the Commission specific new authorities under the Investment Advisers Act of 1940 to prohibit or restrict advisers’ sales practices, conflicts, and compensation schemes. [15]

Banking 40

Banking Treasury Marketability Equity 40

Reynolds Holding

FEBRUARY 15, 2024

In a significant departure from the proposed rules, in lieu of adopting final rules addressing the status of potential statutory underwriters in de-SPAC transactions as well as SPACs under the Investment Company Act of 1940, the SEC elected to provide guidance on each of these controversial topics.

Finance 45

Finance Appraisal Marketability Treasury 45

Brian DeChesare

FEBRUARY 2, 2022

I did not expect to revisit investment banker salary and bonus data for a while, but the banks ruined my plans by changing base salaries multiple times in less than a year. based roles at large banks as of early 2022, along with total compensation from 2021. As a result, I am listing below the new base salary ranges for U.S.-based

Banking 129

Banking Start-ups Equity Finance 129

Reynolds Holding

APRIL 23, 2023

1] In his 11th term 20 years later, in the wake of the market crash of 1929, he was successful in getting a bill through to bring full, fair, and truthful issuer disclosures to the investing public. Rayburn later had an important hand as Majority Leader in the passage of the Investment Company Act and Investment Advisers Act of 1940.

Treasury 45

Treasury Marketability Finance Technology 45

Brian DeChesare

FEBRUARY 28, 2024

For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an asset management firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? a credit rating vs. an investment recommendation). Due to the age and the fact that J.C.

Equity 59

Equity Banking Start-ups Finance 59

Class VI Partner

AUGUST 4, 2022

Nonetheless, many factors—baby boomers reaching retirement ages, valuations remaining high in the private sector, and an unpredictable horizon for economic volatility—have pushed sellers to continue to hit the market at high volumes. How Can Class VI Help? Feel free to email bmotch@classvipartners.com. .

EBITDA 52

EBITDA Debt Financing Equity Marketability 52

Reynolds Holding

MAY 9, 2022

The retail public started to invest, in part thanks to that Uncle Sam advertising. When my dad was coming of age, the world started to turn to the U.S. As a business owner, he never tapped the public markets, but when I was in junior high, he began to invest. 4] See World Bank data: [link]. Wise Restraints”. ENDNOTES. [1]

Marketability 45

Marketability Treasury Start-ups Banking 45

Musings on Markets

JUNE 9, 2021

The company files a prospectus, providing prospective investors with information about its business model and financials, and hires an investment banker or bankers to manage the issuance process. For decades, the process that companies in the United States have used to go public has followed a familiar script.

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Musings on Markets

JANUARY 27, 2021

In this post, I will take a look at these other markets, starting with a way of dividing investments into assets, commodities, currencies and collectibles that I find useful in thinking about what I can (and cannot) do in those markets, and then reviewing how these markets performed during 2020.

Start-ups 52

Start-ups Marketability Equity Treasury 52

ThomsonReuters

FEBRUARY 7, 2022

to include investments in 12 weeks of paid FMLA benefits for all workers during a benefit period of 12 months. 2021, H491 ) has been referred to the committee on Families, Aging, and Human Services committee. Subsequently, that provision would go through some ups and downs as the fate of BBB remains unclear. A bill introduced Nov.

Banking 98

Banking 98

Musings on Markets

JANUARY 31, 2024

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital. trillion ($1.8

Equity 79

Equity Book Value Start-ups Corporate Finance 79

FE International

APRIL 13, 2022

Invested Capital. A large part of this was driven by SaaS which accounted for over 50% of capital invested over the last 12 months. cash on hand, committed investors, silent partners and other bank financing). Age of Business. Key Statistics. The total value of closed deals in 2021 was more than double that of 2020.

Private Equity Firm 52

Private Equity Firm Equity B2C Start-ups 52

Musings on Markets

MARCH 25, 2021

I would argue that the Fed has tried everything it can to keep rates from rising, and the very fact that rates have risen, in spite of this effort, is an indication of the limited power it has to set any of the rates that we care about in investing. Investment Efficiency Improves, as the same investment delivers more revenues/profits.

Equity 52

Equity Risk-free Rate Treasury Start-ups 52

Musings on Markets

DECEMBER 10, 2023

Finally, Charlie Munger's passing at the age of ninety-nine brought to a close one of the most storied key person teams of all time at Berkshire Hathaway, and generations of investors who had attached a premium to the company because of that team's presence mourned.

Key Person Discount 113

Key Person Discount Start-ups Price to Book Marketability 113

Brian DeChesare

MARCH 23, 2022

Some people like to complain about networking in general, but if there’s a specific part of networking that almost everyone likes to complain about, it’s investment banking information sessions. When Are Investment Banking Information Sessions Useful vs. Useless?

Banking 98

Banking Start-ups Finance 98

Peak Business Valuation

JANUARY 17, 2023

Additionally, owning a small business gives an investor complete control over their investment. Rather than relying on a public company’s management team, small business owners can take their investment into their own hands. It is important to back your investment with a business valuation. involvement for personal interest).

Business Valuation 98

Business Valuation Fair Market Value Appraisal Start-ups 98