Musings on Markets

FEBRUARY 11, 2023

A few weeks ago, I posted my first data update pulling together what I had learned from looking at the data in 2023, and promised many more on the topic. I describe myself as a dabbler, and it does get in the way of my best laid plans.

Risk Premium 76

Risk Premium Start-ups Equity Marketability 76

Musings on Markets

JANUARY 29, 2021

but in the process, driven some of the hedge funds that have sold short on these companies to edge of oblivion. In the last ten years, the game has changed, for a number of reasons that I will talk about later in this post, but the company where this changed dynamic has played out most effectively has been Tesla.

Start-ups 52

Start-ups Marketability Banking Finance 52

Musings on Markets

JUNE 9, 2021

For decades, the process that companies in the United States have used to go public has followed a familiar script. The company files a prospectus, providing prospective investors with information about its business model and financials, and hires an investment banker or bankers to manage the issuance process.

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Audit Board

MARCH 31, 2023

Join Richard Chambers for a new episode of his Agents of Change video series, featuring conversations with internal audit leaders from some of the world’s most prominent organizations about innovation in the profession. Check out more audit leader interviews with Richard Chambers on our Agents of Change video series channel.

Start-ups 52

Start-ups 52

Harvard Corporate Governance

AUGUST 21, 2023

Generative artificial intelligence (AI) In the early months of 2023, major advances in the development and use of generative AI made headlines—including the promises and perils of the technology and its ability to create new, original content, such as text, images, and videos. Lee is a Senior Advisor at KPMG LLP.

Compliance 189

Compliance Technology Start-ups Specific Risk 189

Musings on Markets

SEPTEMBER 14, 2021

Last year, I wrote a post on ESG and explained why I was skeptical about the claims made by advocates about the benefits it would bring to companies, investors and society.

Start-ups 99

Start-ups Marketability Firm Value 99

Musings on Markets

DECEMBER 10, 2021

In the process, I will also look at the thorny issue of what happens when there is a mismatch between a company and its CEO, either because the board picks the wrong candidate for the job or because the company has changed over time, and the CEO has not.

Start-ups 83

Start-ups Marketability Technology Market Capitalization 83

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. As we approach the turn of the calendar year, I have my own set of rituals that prepare me for the new year. What I teach.

Corporate Finance 52

Corporate Finance Start-ups Finance Marketability 52

Musings on Markets

SEPTEMBER 11, 2023

On August 31, Disney pulled its television channels from Spectrum (owned by Charter, the second largest cable company in the US, after Comcast) after a dispute about payments for carrying these channels. In the twentieth century, the music business followed a well-honed script.

Start-ups 77

Start-ups Market Capitalization Marketability Technology 77

Musings on Markets

NOVEMBER 4, 2022

As we get deeper into earnings season for the third quarter of 2022, the biggest negative surprises are coming from technology companies, with the tech giants leading the way. The Market Journey Facebook is a young company, at least in chronological time, having been public for just over a decade.

Start-ups 98

Start-ups Market Capitalization Marketability Dividends 98

Musings on Markets

OCTOBER 6, 2023

The resulting debate among accountants about how to bring intangibles on to the books has spilled over into valuation practice, and many appraisers and analysts are wrongly, in my view, letting the accounting debate affect how they value companies.

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Intangible Assets Book Value Equity Start-ups 104

Audit Board

JUNE 8, 2023

Compliance audits are a broad topic that can affect many organizations across different parts of an organization. For instance, when the company is reporting on how much cash they have on the balance sheet, it is a result of multiple transactions that touch every part of the business. Who may need it?

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Musings on Markets

OCTOBER 19, 2021

I argued that some of this disclosure complexity could be attributed to the law of unintended consequences, with good intentions driving bad disclosure rules, and that some of it is deliberate, as companies use disclosures to confuse and confound, rather than to inform.

Start-ups 70

Start-ups Banking Marketability Technology 70

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

FEBRUARY 3, 2021

There are three topics that you can write or talk about that are almost guaranteed to draw a audience, stocks (because greed drives us all), sex (no reason needed) and salvation. That said, in my niche, which is valuation, many start with the presumption that almost every topic you pick is boring.

Start-ups 52

Start-ups Equity Marketability 52

IT Valuations

MARCH 1, 2021

Candidly, this is probably one of the most challenging things for tech companies to master. So many companies leave real transaction dollars on the table because they have not invested in or really understand the value that effectives Sales and Marketing brings to the organization. of the sales force.

Technology 40

Technology Marketability 40

FE International

MARCH 14, 2018

The company launched their app store in 2013 and strongly encouraged third-party participation from developers to build apps that enable invoicing, expense management, marketing, collaboration, bug tracking, and more. Salesforce is the most valuable dedicated SaaS company in the world, with a recent valuation of over $10 billion.

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52