Brian DeChesare

SEPTEMBER 7, 2022

If you want a sales & trading internship , you need previous trading experience. Going “All-In” on the Most Relevant Experiences – The student investment fund and stock pitch competition matter more than anything else, so we expanded them by listing the details of the person’s analytical work.

Finance 84

Finance Banking Start-ups Marketability 84

Musings on Markets

FEBRUARY 12, 2022

In the midst of all the action, to no one's surprise, have been six stocks (Facebook, Amazon, Netflix, Google, Apple and Microsoft or FANGAM) that have largely driven US equities for the last decade, roiling the market with their most recent earnings reports. to 14.9%.

Market Capitalization 98

Market Capitalization Equity Marketability Start-ups 98

Musings on Markets

FEBRUARY 15, 2023

The third is to revisit the link between profitability and value at companies, since making money is a first step for any business to survive, but making enough money to create value in business is a much more stringent test for businesses, and one that many fail. billion and need income is only $4.3

Equity 52

Equity Start-ups Risk Premium Risk-free Rate 52

Brian DeChesare

MAY 11, 2022

But unlike other controversial topics – crypto, the CFA, or social media censorship – this one rarely generates long-running online arguments. If the answer is “to make more money” or “to do something more exciting,” there are more feasible ways to achieve these goals. Invest in stocks, real estate, or other assets.

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Musings on Markets

NOVEMBER 10, 2022

Simply put, this should include all borrowings, but is not restricted to those How much money did the business make? The online advertising business is not just seeing slower growth, but increased competition and regulatory pressures (over privacy) are lowering the returns that can be made in the business.

Finance 74

Finance Start-ups Equity Equity Financing 74

Reynolds Holding

SEPTEMBER 9, 2022

The Securities Act of 1933 was about companies raising money from the public. The basic idea was that the public deserves disclosure and protections not only when a security is initially issued, but also on an ongoing basis when the security is traded in the secondary markets. Congress knew the job still wasn’t done.

Marketability 49

Marketability Compliance Start-ups Banking 49

Musings on Markets

JANUARY 27, 2021

As stock and bond markets went through these gyrations, it should come as no surprise that the same forces were playing out in other markets as well. Investing versus Trading The essence of investing is assessing value, and buying assets that trade at prices below that value, and selling assets that trade at more.

Start-ups 52

Start-ups Marketability Equity Treasury 52

Musings on Markets

APRIL 21, 2022

A few weeks later, the offering price for Twitter's shares was set at $26, by its bankers, and the stock debuted on November 7, 2013, at $45. In the weeks after, that momentum continued to carry the stock upwards, with the price reaching $73.31 on its first trading day, before falling on hard times, as Instagram undercut its appeal.

Start-ups 99

Start-ups Marketability Technology Market Capitalization 99

Musings on Markets

JANUARY 12, 2021

Last week, was my data week, where I download and analyze data on all publicly traded companies, listed anywhere in the world, and I will post extensively on what the numbers look like after a most tumultuous year. The lectures are 75-80 minutes long, an eternity for an online experience, where time is measured in seconds, not minutes.

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

SEPTEMBER 19, 2023

I start with this section with the Instacart business model, which is not complicated, but I will spend the rest of the section exploring the operating characteristics of the grocery business, and its online segment. The Online Option Grocery shopping is different from other shopping, for many reasons.

Start-ups 102

Start-ups Marketability Technology Equity 102

Musings on Markets

JANUARY 9, 2021

I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms. So, why bother? Are US companies more levered than they were a decade ago?

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Musings on Markets

MAY 5, 2023

A bank collects deposits from customers, offering the quid quo pro of convenience, safety and sometimes interest income (on those deposits that are interest-beating) and either lends this money out to borrowers (individuals and businesses), charging an interest rate that is high enough to cover defaults and leave a surplus profit for the bank.

Banking 76

Banking Equity Start-ups Treasury 76

Reynolds Holding

JANUARY 9, 2023

Founded in 1996, Stamps.com touts itself as a key service provider that enables small businesses, enterprises and online retailers to print U.S. When this news came to light, the company’s stock price plummeted to a close of $83.65 Stamps.com. on February 21, 2019, a decline of over 57% from the previous closing price of $198.09.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Musings on Markets

DECEMBER 10, 2021

One of the big news stories of last week was Jack Dorsey stepping down as CEO of Twitter, and the market's response to that news was to push up Twitter's stock price by almost 10%. Have you ever read a book or seen a movie about a CEO who shrunk his or her company, where that person is painted as anything but a villain?

Start-ups 83

Start-ups Marketability Technology Market Capitalization 83

Musings on Markets

DECEMBER 2, 2020

While some of that money has been spent on internal improvements, much of it has been spent acquiring more than two dozen companies, most of them small, technology businesses. Second, they also derive revenues from online advertising by hotels and travel providers.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Musings on Markets

AUGUST 2, 2021

Some of you felt that I was being far too generous in my assumptions about market share and profitability, for a company with no history of making money, and that I was over valuing the company. With Zomato, for instance, I have learned about online food delivery and restaurants in India in the two weeks since I posted my Zomato valuation.

Marketability 52

Marketability Start-ups Technology Market Risk 52

Reynolds Holding

APRIL 26, 2022

In return, a token provides holders with various benefits, such as “utility” value through access to the venture’s current or future product (or service), potential participation in future profit distributions, and the ability to trade the token on crypto-exchanges (e.g., Binance and Coinbase).

Marketability 59

Marketability Specific Risk Finance Banking 59

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups 98

Start-ups Market Capitalization Marketability Dividends 98

Brian DeChesare

FEBRUARY 22, 2023

Sell-Side Definition: In the finance industry, “buy-side firms” raise money from institutions and wealthy individuals and invest on their behalf, profiting from management fees, performance fees, or both; “sell-side firms” earn money from commissions charged to facilitate deals and to sell, market, and trade equity, debt, and other securities.

Finance 125

Finance Marketability Banking Corporate Finance 125

Musings on Markets

JANUARY 5, 2024

Since I am lucky enough to have access to databases that carry data on all publicly traded stocks, I choose all publicly traded companies, with a market price that exceeds zero, as my universe, for computing all statistics. will reflect the most recent quarterly accounting filing.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Musings on Markets

FEBRUARY 10, 2021

Opportunity Cost : The use of a corporate cost of capital as a hurdle rate exposes you to risk shifting, where safe projects subsidize risky projects, and one simple and effective fix is to shift the focus away from how much it costs a company to raise money to the risk of the project or investment under consideration.

Risk-free Rate 52

Risk-free Rate Risk Premium Start-ups Equity 52

Brian DeChesare

APRIL 5, 2023

When you ask most people about their “career goals,” they sound something like this: Make a lot of money or gain power/prestige. Trade Surpluses – Some countries, like Singapore, are not rich in commodities but serve as trade hubs and generate significant revenue from these activities. Take little-to-no risk.

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Musings on Markets

JUNE 23, 2023

The second is that much as I would like to claim credit for foresight and forward thinking, AI was not even a speck in my imagination when I bought these stocks (Microsoft in 2014 and NVIDIA in 2018). I just happened to be in the right place at the right time, a reminder again that being lucky often beats being smart, at least in markets.

Start-ups 91

Start-ups Marketability Market Capitalization Technology 91

Brian DeChesare

SEPTEMBER 13, 2023

Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.

Equity 83

Equity Banking EBITDA Start-ups 83

Reynolds Holding

NOVEMBER 15, 2022

Money ordered in SEC actions, comprising civil penalties, disgorgement, and pre-judgment interest, totaled $6.439 billion, the most on record in SEC history and up from $3.852 billion in fiscal year 2021. Of the total money ordered, civil penalties, at $4.194 billion, were also the highest on record. “A billion, including a record $4.2

Compliance 45

Compliance Marketability Technology Alpha 45

Musings on Markets

JULY 22, 2021

Zomato, an Indian online food-delivery company, was opened up to public market investors on July 14, 2021, and its market debut is being watched for clues by a number of other online ventures in India, waiting in the wings to go public.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Musings on Markets

OCTOBER 4, 2021

A few weeks ago, I valued Zomato, the Indian online food delivery company, just prior to its IPO, and argued that the excitement about its potential was tied to the potential for growth in India and the shifting habits of Indian consumers. 3 in revenues for every rupee of capital invested in the near term, but ?

Start-ups 72

Start-ups Banking Marketability Technology 72

Musings on Markets

MAY 24, 2021

Looking at US equities, the S&P 500 is up about 11% and the NASDAQ about 5%, from start of the year levels, and the underperformance of the latter has led to a wave of stories about whether this is start of the long awaited comeback of value stocks, after a decade of lagging growth stocks. What causes inflation?

Treasury 55

Treasury Start-ups Risk Premium Price to Book 55

Brian DeChesare

MAY 18, 2022

Some global macro trade ideas are so simple that the average person who knows nothing about finance could understand them. But the execution is extremely difficult, which explains why some of the largest trading losses in history have come from macro-oriented ideas (“short nickel,” European index futures, oil and gas futures, etc.).

Banking 52

Banking Equity Marketability Finance 52

Reynolds Holding

OCTOBER 5, 2022

Initially, the activist was approached by Sanofi with an initial offer to buy Bioverativ, but rather than alerting the board, the activist engaged in conduct violating Bioverativ’s insider trading policy. Emergent’s stock fell drastically as a result. In June 2021, Judge Koeltl found that the complaint was adequately pleaded.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Musings on Markets

FEBRUARY 2, 2023

From Tesla Bulls Given that I found Tesla to be overvalued, albeit only mildly, about three quarters of the disagreements posted online to the valuation came from Tesla bulls, some of whom have disagreed with me for a decade, and have, for the most part, been on the right side of the Tesla trade and made a lot of money on the stock.

Start-ups 99

Start-ups Risk-free Rate Market Capitalization Marketability 99

Brian DeChesare

JANUARY 18, 2023

The increasingly automated process , ranging from HireVue interviews to other online tests and recruiters being used to screen candidates. A few major trends explain this shift: 1) Falling Interest Rates – Falling interest rates boost all asset prices (stocks, bonds, real estate, etc.) billion in 1980 to 7.9

Finance 119

Finance Start-ups Banking Corporate Finance 119

Reynolds Holding

MARCH 27, 2023

Conversely, “Retail Trade” filings increased from 4% to 9%, the high watermark in recent years. The Supreme Court Takes On Slack Pirani The case arises out of the New York Stock Exchange’s (“NYSE”) rule, introduced in 2018, that allows companies to go public through a direct listing. Figure 2: 2. 4th 616 (5th Cir.

Technology 59

Technology Start-ups Compliance Finance 59

Musings on Markets

SEPTEMBER 1, 2021

After all, the FANGAM stocks (Facebook, Amazon, Netflix, Google, Apple and Microsoft) were the engine that drove market capitalization up in the US, for the last decade, with COVID super charging their rise in 2020. By the end of 2020, six of the top fifteen were technology companies, and Tencent and Alibaba topped the rankings.

Market Capitalization 98

Market Capitalization Marketability Start-ups Technology 98

Reynolds Holding

MAY 3, 2023

Due to legal restrictions on marketing guns through social media and other online platforms, Fun Guns suffers a decline in sales. To achieve this goal, Ethel builds detailed individual consumer profiles by collecting and analyzing all historical online interactions and other observable records. 4] See Michael R. 95, 127-43 (2019). [5]

Technology 59

Technology Marketability 59