Musings on Markets

JANUARY 12, 2021

Corporate Finance : Corporate finance is the development of the first financial principles that govern how to run a business. It is that mission that makes corporate finance the ultimate big picture class, one that everyone (entrepreneurs, investors, analysts, business observers) should take. Don't get me wrong!

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

FEBRUARY 27, 2023

We have an uneasy relationship with debt, both in our personal and business lives. All that said, businesses around the world have borrowed money though time to fund their operations, sometimes for good reasons and sometimes for bad, and over time, these businesses have also faced cycles of too much debt leading to painful cleansing.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

NOVEMBER 9, 2021

Tesla has disrupted and reinvented the automobile business : Putting any company into the automobile business handicaps it, when it comes to value, for a simple reason. Tesla: The Back Story I first valued Tesla in 2013 , as a "luxury automobile company" and I have valued almost every year since.

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

Reynolds Holding

MARCH 29, 2022

To achieve this, we need to develop a range of less-mature, low-carbon technologies – some of which have not yet been invented, are in their infancy, or are not yet economical – at a total estimated cost of $21 trillion in new investment over the next 10 years. [9] C or even 2°C [by 2050] will be beyond reach.” [1]

Banking 59

Banking Technology Venture Capital Fund Compliance 59

Lighter Capital

MAY 27, 2020

Even the way we live our daily lives has changed. It’s like there has been a huge tectonic shift in every aspect of life and business. What we do know is that many businesses will survive this economic turmoil just as they have in the past, and when the opportunity presents itself business will again be thriving.

Start-ups 52

Start-ups Marketability Finance 52

Chris Mercer

MAY 19, 2023

This post was originally written for Mercer Capital’s Family Business Director Blog and offered advice to family business directors based on my observations following the failure of Silicon Valley Bank on March 10, 2023. There are lessons to be learned for family business directors from this recent event.

Banking 98

Banking Treasury Start-ups Marketability 98

Value Scope

JULY 21, 2020

It will return as a topic across the business, regulatory, and investment communities again soon. The morning business show Squawk Box began to mention “ESG” on a daily basis. We can value ESG assets and their impact on a business today. It started sometime last year, during the fourth quarter.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Audit Board

DECEMBER 12, 2022

We can learn from past lessons about cost-reduction successes and failures. We’re living in an era of climate of political and geopolitical instability that is unprecedented in our lifetimes. For the past 12 years, I’ve taken year-end as an opportunity to recognize significant events impacting the internal audit profession.

Compliance 52

Compliance Marketability Technology 52

Benzinga

AUGUST 4, 2022

As climate conditions continue to evolve and create a longer, more intense wildfire season, a consistent and cost-effective solution is required. Jack Creek's executive team has an extensive track record of building and operating high-performing, private and publicly traded businesses across various sectors. BOZEMAN, Mont.

Enterprise Value 52

Enterprise Value Equity Technology Marketability 52

Appraiser Newsroom

JULY 9, 2023

This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management. ASA, CRE , is a partner at Blau & Blau.

Business Valuation 40

Business Valuation Appraisal Banking Start-ups 40

Musings on Markets

JULY 1, 2022

While it is easy to call the market movement in 2022 a correction and to argue that it is overdue, it is facile, and it fails to address the question of why it is happening now, and whether the correction is overdone or has more to go.

Marketability 88

Marketability Risk Premium Start-ups Equity 88

Musings on Markets

FEBRUARY 16, 2024

Stepping back a bit, one claim that climate change advocates have made not just about fossil fuel companies, but about all businesses, is that i nvestors are underestimating the effects that climate change will have on economic systems and on value. Its impact is not just financial, but emotional and physical, and it predates markets.

Risk Premium 74

Risk Premium Start-ups Beta Marketability 74

The Guardian M&A

JUNE 27, 2023

But in the lockdowns, with the wider economy in freefall, inflation had collapsed close to zero, limiting the firm’s ability to recoup costs. Britain’s economy was reeling as the second deadly wave of the Covid pandemic took hold, and millions of Britons were still shut out from their offices, working from home. Continue reading.

Banking 62

Banking Technology Marketability 62

Reynolds Holding

MAY 9, 2022

President Franklin Delano Roosevelt and Congress addressed this crisis through a number of landmark policies. President Franklin Delano Roosevelt and Congress addressed this crisis through a number of landmark policies. The field of economic research is central to our work at the SEC. I want to begin by noting a big birthday.

Marketability 45

Marketability Treasury Start-ups Banking 45

Reynolds Holding

SEPTEMBER 12, 2023

That’s why we’re updating our rules for the technology and business models of the 2020s. Good morning, Chairman Brown, Ranking Member Scott, and members of the Committee. Thank you for inviting me to testify today. The core principles of U.S. The SEC is the cop on the beat watching out for your constituents. I am proud of this agency.

Banking 40

Banking Treasury Marketability Equity 40

The Guardian M&A

MAY 9, 2022

His group’s proposal at the end of last week to take the business in solvent form appeared to tick the main boxes. His group’s proposal at the end of last week to take the business in solvent form appeared to tick the main boxes. He could have said “furious”. It has looked the natural owner of McColl’s for weeks, if not months.

Banking 76

Banking 76

The Guardian M&A

APRIL 19, 2022

As energy chiefs fear impact of further rises, chancellor’s measures look naive and politically unfeasible Rishi Sunak’s first attempt to “take the sting out” of rising household energy bills was a bits-and-pieces £9bn support package that seemed to rest on the idea that the crisis would go away soon. Continue reading.

Equity 76

Equity 76

Reynolds Holding

APRIL 23, 2023

Good morning, Chairman McHenry, Ranking Member Waters, and members of the Committee. Thank you for inviting me to testify today. As is customary, I will note that my views are my own, and I am not speaking on behalf of my fellow Commissioners or the staff. Sam Rayburn and the U.S. Rayburn was not new to the issues of stocks and bonds.

Treasury 45

Treasury Marketability Finance Technology 45

Musings on Markets

SEPTEMBER 11, 2023

It has been an unsettling summer for anyone with a stake in the movie, television and broadcasting businesses. To add to the angst, the threat of artificial intelligence (AI) overhangs almost every aspect of the business, and is one of the contested issues in the strike.

Start-ups 77

Start-ups Market Capitalization Marketability Technology 77

Reynolds Holding

MAY 18, 2022

President Franklin Delano Roosevelt and Congress addressed this crisis through a number of landmark policies. New financial technologies and business models continue to change the face of finance for investors and issuers. Good morning, Chairman Quigley, Ranking Member Womack, and members of the Subcommittee. What’s more, U.S.

Marketability 59

Marketability Finance Corporate Finance Technology 59

Musings on Markets

AUGUST 15, 2023

I took this estimation process for granted until 2008, when during that crisis, I woke up to the realization that no matter what the text books say about risk-free investments, there are times when finding an investment with a guaranteed return can become an impossible task. What is a risk free investment?

Risk-free Rate 80

Risk-free Rate Treasury Risk Premium Start-ups 80

Reynolds Holding

APRIL 6, 2023

According to the UN World Water Development Report 2020 , global demand for water has been increasing by 1% annually since the 1980s, and over 25% of the world’s population already live in water-stressed areas. In the words of Kirsten James, director of Ceres’ water program: “The global water crisis is a global risk. Water means life.

Technology 59

Technology 59

Musings on Markets

FEBRUARY 8, 2022

In the four decades that I have been teaching finance, I have always started my discussion of risk with a Chinese symbols for crisis, as a combination of danger plus opportunity: Over the decades, though, I have been corrected dozens of times on how the symbols should be written, with each correction being challenged by a new reader.

Risk Premium 67

Risk Premium Beta Start-ups Equity 67

Brian DeChesare

JANUARY 18, 2023

A “good career” is harder to pin down, but I would define it as one where the benefits significantly outweigh the costs and where the benefit vs. cost profile stays favorable for the next 10-20 years. Costs” refer to the difficulty and time/effort required to recruit for and advance in the career. or asking ChatGPT about it.

Finance 119

Finance Start-ups Banking Corporate Finance 119

Musings on Markets

MAY 24, 2021

Inflation: Measures and Drivers For those who are under the age of forty and have grown up in the United States or Europe, inflation is an abstraction, a number that governments report on and experts talk about, but not something that is central to their investing or regular lives. What is inflation?

Treasury 55

Treasury Start-ups Risk Premium Price to Book 55

Brian DeChesare

NOVEMBER 2, 2022

following Brexit, a much less valuable British Pound (GBP), the ongoing energy/inflation crisis, and more. It’s not “required,” but business-level proficiency in French, German, Italian, Spanish, etc., Banks in London advise not just U.K.-based On the other hand, some have raised questions about the future of finance in the U.K.

Banking 75

Banking Start-ups Finance Equity 75

Musings on Markets

APRIL 20, 2021

Financing Mix : Companies can raise capital either from equity or debt, and the costs of equity and debt can be altered when the tax rate changes. I will leave the debate on what comprises infrastructure to others, and focus entirely on the corporate tax question in this post.

Start-ups 52

Start-ups Debt Financing Finance Equity 52

Reynolds Holding

FEBRUARY 1, 2023

I’m happy to say that his legacy of combating corporate corruption and promoting integrity in our markets lives on today. Director Levenson was the consummate public servant who left an enduring mark on the Division of Corporation Finance, and the Commission more generally. 3] Others are choosing not to go public at all. [4]

Marketability 58

Marketability Corporate Finance Compliance Equity 58

Musings on Markets

FEBRUARY 3, 2021

Specifically, a key question that many investors, traders and interested observers have been asking is whether a company, whose stock price and business is beleaguered, can take advantage of a soaring stock price to not just pull itself out of trouble, but make itself a more valuable firm.

Start-ups 52

Start-ups Equity Marketability 52

Reynolds Holding

MARCH 31, 2022

According to the UN World Water Development Report 2020 , global demand for water has been increasing by 1% annually since the 1980s, and over 25% of the world’s population already live in water-stressed areas. In the words of Kirsten James, director of Ceres’ water program: “The global water crisis is a global risk. Water means life.

Technology 59

Technology Finance Marketability 59

Reynolds Holding

JULY 27, 2022

As I have noted previously, investors are, in a word, busy. The expectation that investors must closely monitor (and independently understand) complex fee arrangements and costs that may include anything from revenue sharing to soft dollars, is perhaps less than realistic.

Banking 45

Banking Marketability Finance Corporate Finance 45

Value Scope

SEPTEMBER 24, 2020

The morning business show Squawk Box began to mention “ESG” on a daily basis. Today, ESG is not only a dominant topic of discussion across the American business and investment community, it is driving business decisions, impacting corporate structures and organizational charts and it is having a profound impact on investment decisions.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130

Reynolds Holding

FEBRUARY 9, 2023

In this article, we examine the key ESG topics impacting businesses in the second half of 2022, which included the green energy transition, the performance of ESG funds, the role of ESG matters in disputes and the ongoing development of the ESG legislative and regulatory landscape in the U.K., and Europe. and Europe.

Finance 49

Finance Marketability Start-ups Equity 49

Reynolds Holding

MAY 15, 2023

10] (Given that we live in an imperfect world, I believe this really means choosing the most constitutional option.) 10] (Given that we live in an imperfect world, I believe this really means choosing the most constitutional option.) 4] Under these circumstances, President Biden should call the Republicans’ bluff. [5]

Treasury 104

Treasury Start-ups Banking Finance 104