Remove Appraisal Remove Covariance Remove Equity
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The (Uncertain) Payoff from Alternative Investments: Many a slip between the cup and the lip?

Musings on Markets

For more established private businesses, some of which need capital to grow and some of which have owners who want to cash out, the capital has come from private equity investors.

Alpha 75
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A Return to Teaching: The Spring 2023 Edition

Musings on Markets

I provide an introduction to cash flows and risk , and how they play out in the time value of money , and the basics of valuing contractual cash flows (bonds), residual cash flows (equity) and contingent cash flows (options).