Session 12: Last Loose Ends and Story Telling

During this session we finished the last loose ends in valuation and started on connecting stories to numbers. The way in which companies and equity research analysts treat stock based compensation is criminally negligent and I hope that you fin this post on the topic useful:
On the story front, I began the five step process that works for me to convert stories to valuation, by talking about how you convert your understanding of a company's business model into a story, and checking that story for whether it is possible, plausible and probable.

[calvinleonardo]

Prof, is this supposed to be the MBA program? If so, I think it's grouped to the wrong playlist

[mauricepaul]

I have to say it again: DCF and boring fundamental analysis is dead and is not applicable now, too outdated concept