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Data Update 1 for 2023: Setting the table!

Musings on Markets

These assertions may very well be true, but cheap and expensive, at least in pricing terms, is relative, and looking at the data can help you detect rules of thumb that work from those that do not. I do report on a few market-wide data items especially on risk premiums for both equity and debt. Price to Book 3.

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The Zomato IPO: A Bet on Big Markets and Platforms!

Musings on Markets

The second is the cost of capital, a number that most valuation classes and books (including mine) belabor to the point of diminishing returns. Finally, dismissing Zomato as an investment, just because it does not make money now, or fails to meet some conventional value tests on pricing (PE, Price to Book), is investing malpractice.