Brian DeChesare

NOVEMBER 15, 2023

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. I got so tired of these debates that I never planned to cover this topic again. I first criticized the CFA in a 2009 article , which generated a lot of angry comments. Not much has changed since then.

Banking 59

Banking Start-ups Finance Private Equity Firm 59

Musings on Markets

MAY 6, 2022

The good news is that the culprit behind the volatility is easy to identify, and it is inflation, but the bad news is that inflation remains the most unpredictable of all macroeconomic factors to factor into stock prices and value.

Risk Premium 92

Risk Premium Treasury Start-ups Equity 92

Appraiser Newsroom

JULY 5, 2022

He has approximately 21 years of experience as a professional in the finance industry and has performed valuation and damages analyses for commercial litigation, estate and gift taxation, employee stock ownership plan compliance, and purchase price allocation. Chris Rosenthal , CPA/ABV/CFF, ASA, AEP is Managing Member at Vallit Advisors.

Business Valuation 40

Business Valuation Intangible Assets Appraisal Finance 40

Musings on Markets

JANUARY 28, 2024

That said, and notwithstanding decades of research and debate on the topic, there are still wide differences in how risk is defined and measured. Analysts often try to bring company-specific components, i.e, Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game! What is risk?

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Value Scope

JULY 21, 2020

It was a hot topic before the COVID pandemic, in discussions to measure and value how companies engaged in sustainable and societally beneficial activities. It will return as a topic across the business, regulatory, and investment communities again soon. What about stock price? What does this really mean?

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Reynolds Holding

JULY 23, 2023

Equity shareholders, buy-side and sell-side analysts, debtholders, and other capital market participants view the calls as informative beyond the contemporaneous earnings announcements. The three most frequent topics addressed are revenues, segment reporting, and non-GAAP/KPIs.

Compliance 52

Compliance Corporate Finance Marketability Finance 52

Appraiser Newsroom

JULY 9, 2023

James is co-author of the Stocks, Bonds, Bills, and Inflation® Summary Edition with Roger Ibbotson (Professor in the Practice Emeritus of Finance at Yale School of Management). Marina also assists private and public companies with valuation of equity securities, stock compensation grants, and structuring financing transactions.

Intangible Assets 40

Intangible Assets Business Valuation Appraisal Finance 40

Brian DeChesare

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. Also, many private equity firms and hedge funds now recruit undergrads directly via Analyst programs , and if you can win an offer at a large/reputable firm, it’s quite a good option.

Banking 97

Banking Start-ups Finance Equity 97

Musings on Markets

DECEMBER 21, 2022

In a world where specialization is the norm, this does put me at a bit of a disadvantage, since there are many who know a great deal more about almost any topic that I choose to talk about, but I do think that it gives me a big-picture perspective that helps me find answers.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Brian DeChesare

AUGUST 16, 2023

I could stop this article here at ~50 words, but sometimes it’s fun to indulge in a fantasy, so I’ll continue with the topic and cover: Deal types , investment strategies, and top firms. poor stock-market performance, slowing growth rates, and an aging population. This may change due to factors like the “decoupling” with the U.S.,

Equity 70

Equity Banking Start-ups Private Equity Firm 70

Value Scope

JANUARY 13, 2021

The oral arguments made last September really pointed out how so many previous decisions on these topics conflict and/or leave open significant issues. Intrinsic Value” is what equity research analysts use when they look at public stocks and bonds. This case is a very significant case.

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130

Brian DeChesare

FEBRUARY 28, 2024

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Equity Research vs. Fixed Income Research Common Myths What Do You Do as a Fixed Income Research Analyst or Associate? What Do You Do as a Fixed Income Research Analyst or Associate? Treasury yield at?

Equity 59

Equity Banking Start-ups Finance 59

Value Scope

JANUARY 13, 2021

The oral arguments made last September really pointed out how so many previous decisions on these topics conflict and/or leave open significant issues. Intrinsic Value” is what equity research analysts use when they look at public stocks and bonds. (I know, the Supreme Court is not going to give us the answer to this question!)

Fair Market Value 100

Fair Market Value Discounted Cash Flow Treasury Marketability 100

Equilest

MAY 27, 2023

To delve deeper into the topic of evaluating inventory's impact on business valuation and to gain valuable insights into efficient inventory management strategies - keep reading this blog post. By analyzing sales data and customer trends, they optimized their inventory levels, ensuring they always had the right products in stock.

Business Valuation 40

Business Valuation Intangible Assets Technology Data Analysis 40

Musings on Markets

JULY 14, 2021

It took the Great Depression for the New York Stock Exchange to wake up to the need for improved and standardized disclosure requirements, and for the government to create a regulatory body, the Securities and Exchange Commission (SEC). million restricted stock units, subject to service and vesting requirements.

Start-ups 52

Start-ups Marketability 52

Reynolds Holding

APRIL 18, 2024

Every day, we see individuals, corporations, analysts, and others touting these developments. 17] Let me finish by touching on a topic that comes up often in these conversations: individual liability. As I mentioned, a public company may find it necessary to disclose information regarding security risks from AI.

Compliance 45

Compliance Technology Start-ups Marketability 45

Musings on Markets

JANUARY 12, 2021

For a class to resonate and be remembered, it has to be more than a collection of topics, and with each of my classes there is a core narrative that animates and connects the class sessions. And as always, I invite you come along for the ride. What I teach.

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

DECEMBER 15, 2021

Second, I learned there is some learning that is better delivered online, than in a physical setting, and I believe that there are some topics that I will continue to deliver online, even after this virus passes on. The place to start is with accounting.

Corporate Finance 56

Corporate Finance Finance Start-ups Technology 56

Chris Mercer

FEBRUARY 14, 2024

Mercer’s Musings #1 addressed the topic of compliance with USPAP and the Internal Revenue Service. This second musing addresses the use of restricted stock studies to support marketability discounts in gift and estate tax appraisals prepared for the Internal Revenue Service (or for anyone, for that matter).

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Musings on Markets

SEPTEMBER 14, 2021

In the year since, I have heard from many on the topic, and while there are some who agreed with me on the internal inconsistencies in its arguments, there were quite a few who disagreed with me.

Start-ups 99

Start-ups Marketability Firm Value 99

Reynolds Holding

JANUARY 31, 2024

The better-reasoned opinions discount allegations where they lack independent corroboration or verification citing a short-seller’s motivation to drive down the target’s stock price. Two recent Ninth Circuit decisions have brought this topic into sharper view. 12] In January 2023, in In re: DraftKings Inc., Litig. , 977 F.3d

Start-ups 45

Start-ups Technology Marketability Banking 45

Musings on Markets

FEBRUARY 10, 2021

From a hurdle rate perspective, this implies that companies, where the marginal investors (who own a lot of stock and trade that stock) are diversified, should incorporate only macroeconomic or market risk into hurdle rates.

Risk-free Rate 52

Risk-free Rate Risk Premium Start-ups Equity 52

IVSC

NOVEMBER 30, 2022

Out of college, I served as an analyst at Arthur Andersen (now Accenture) where I learned the exciting art of modeling for the investment side. When it comes to our events, we select industry experts on topics of interest in finance and fintech, and our industry experts are women.

Start-ups 130

Start-ups Marketability Finance Banking 130

Reynolds Holding

APRIL 28, 2022

So today’s topic is particularly apt. Stock exchanges are self-regulatory organizations and gatekeepers that provide investor and corporate governance protections. 37] Another area of friction in the traditional IPO is the pricing of the stock. Stock Market , Forbes Advisor (Sept. ENDNOTES. [1] 14, 2021). [2] 9, 2021). [4]

Marketability 56

Marketability Equity Alpha Capital Structure 56

Musings on Markets

OCTOBER 6, 2023

A few days ago, I valued Instacart ahead of its initial public offering , and noted that the reception that the stock gets will be a good barometer of where risk capital stands in the market, right now.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104

IVSC

FEBRUARY 7, 2022

Jeremy Stuber is a global equity analyst at Newton Investment Management , leading on valuation and accounting issues across all sectors. Searching for stocks with low price-to-book ratios was a good indication of a potential bargain. Comment: The importance of (and challenges with) valuing intangibles.

Discounted Cash Flow 252

Discounted Cash Flow Intangible Assets Marketability Price to Book 252

Musings on Markets

JULY 22, 2021

In addition, since so much of the excitement about the stock comes from the potential for growth in the Indian food delivery market, I set the stage for that analysis by comparing the Indian market to food delivery markets in other parts of the world, as a prelude to forecasting its future path.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Reynolds Holding

MARCH 27, 2023

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. After the de-SPAC closed and the price of the surviving company’s stock dropped to $6.57 The stock allegedly fell 13% on this news.

Technology 59

Technology Start-ups Compliance Finance 59

Value Scope

SEPTEMBER 24, 2020

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. What does this really mean? The name SASB is no coincidence.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130