Reynolds Holding

APRIL 12, 2022

In addition to such historical information, though, investors want to assess potential risks. Risk, by its definition, often involves events that have not yet occurred. In 1964, the SEC started to offer guidance about disclosure of risk factors. That was true when I was on Wall Street.

Start-ups

Musings on Markets

AUGUST 2, 2021

Some started by describing me as some kind of valuation luminary, and then proceeding to describe what I did to arrive at value as the result of deeply insightful research. I start with my valuation classes with the motto that I would rather be transparently wrong than opaquely right. Let me dispel both delusions.

Marketability

Reynolds Holding

MARCH 24, 2024

Technology, business models, and risks, however, do change. We did it in the 1960s when we first offered guidance on disclosure related to risk factors. [12] 12] We did so in the 1970s regarding disclosure related to environmental risks. [13] Our agency, though, was set up to be merit neutral. 33-4936 (Dec.

Marketability

Musings on Markets

JANUARY 28, 2024

Third, by making investing a choice between good (higher returns) and bad (higher risk), a message is sent, perhaps unwittingly, that risk is something to be avoided or hedged. micro uncertainties, into discount rates, and in the process, they end up incorporating risk that investors can eliminate, often at no cost.

Risk Premium

Equidam

APRIL 22, 2025

2] Startups typically lack significant historical financial data, often operate with negative profits initially, rely heavily on private equity or venture capital rather than traditional bank loans, and face a much higher risk of failure. [1] This de-risks the execution aspect of the future plan. 1] [4] [6] [14] [18]. 14] [18].

Discounted Cash Flow

Equidam

APRIL 22, 2025

23] , [24] , [25] This average serves as a starting point, which is then adjusted upwards or downwards based on the specific startup’s relative strengths and weaknesses across several key criteria. [21] 23] Equidam uses country-specific risk-free rates (10-year government bonds) and market risk premiums (sourced from Damodaran). [23]

Discounted Cash Flow

Reynolds Holding

JANUARY 14, 2025

Thrift and Bank Crisis of the 1980s Let me start by going back to 1980, when the banking and thrift industries had experienced more than four decades of stability. Most of these deposits were uninsured and started running quickly when questions emerged about Continentals viability.

Banking

Global Finance

DECEMBER 26, 2024

Against this backdrop, FX services have been gaining ground on companies balance sheets over the past few years, currently driving an average 50% of corporate value allocation, according to recent research by the market structure and technology research team at Coalition Greenwich. trillion this year, according to J.P.

Banking