Home
Search results “Investment valuation book”
Aswath Damodaran: "Valuation: Four Lessons to Take Away" | Talks at Google
 
01:01:30
The tools and practice of valuation is intimidating to most laymen, who assume that they do not have the skills and the capability to value companies. In this talk, I propose to lay out four simple propositions about valuation. The first is that valuation is not an extension of accounting, insofar as it is not about recording the past but forecasting the future. The second is that valuation is not just modeling, where people put numbers into Excel spreadsheets and pump out values. A good valuation requires a narrative that binds the numbers together. The third is that valuing an asset or business is very different from pricing that asset or business, a difference that is often blurred in practice. The fourth is that luck plays a disproportionate role in whether you make money off your valuations. Put differently, you can do everything right and still walk away with nothing or worse at the end. About the Author I view myself, first and foremost, as a teacher. I do teach valuation and corporate finance not only to MBAs at Stern but to anyone who will listen (on iTunes U, online and on YouTube). I love to write books, teaching material and blog posts. After 30 years of teaching finance, I still find it fascinating as an interplay of economics, psychology and number crunching.
Views: 329562 Talks at Google
Aswath Damodaran – Laws of Valuation: Revealing the Myths and Misconceptions (FULL PRESENTATION)
 
28:48
Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. He teaches the corporate finance and valuation courses in the MBA program. He received his MBA and Ph.D from the University of California at Los Angeles. His research interests lie in valuation, portfolio management and applied corporate finance. He has published in the Journal of Financial and Quantitative Analysis, the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies. He has also written four books on valuation (Damodaran on Valuation, Investment Valuation, The Dark Side of Valuation, The Little Book of Valuation), and two on corporate finance (Corporate Finance: Theory and Practice, Applied Corporate Finance: A User’s Manual). —— This presentation took place at Nordic Business Forum 2018 on 26.-27. September in Helsinki, Finland. The event gathered together 7500 CEOs, top executives, and entrepreneurs from over 40 countries. —— Nordic Business Forum 2019 will take place in Helsinki, Finland on 9 – 10 October. Tickets for Nordic Business Forum 2019: http://www.nbforum.com/2019 Website: http://www.nbforum.com Facebook: http://www.facebook.com/nbforum.fi Twitter: http://www.twitter.com/NBForumHQ Instagram: http://instagram.com/NBForumHQ LinkedIn: https://www.linkedin.com/company/nordic-business-forum
Views: 135324 Nordic Business Forum
CH 1 Questions - Comparable Companies Analysis, Investment Banking Valuation Rosenbaum
 
17:52
Test your knowledge of comparable companies analysis! The following video covers the chapter 1 questions from the Joshua Rosenbaum Investment Banking book. The multiple choice questions offer a great challenge for any students preparing for their investment banking interviews. Chapter 1 covered topics like; - Finding the right universe of comparable companies using business and financial characteristics - Enterprise and equity value multiples - Treasury stock and if-converted methods for fully diluted shares - Net share settlement method (NSS) - Calendarization of financial data - Adjustments for non-recurring items - Benchmarking and valuation For those who are interested in buying the Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum and Joshua Pearl, follow the Amazon link below; https://www.amazon.ca/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118656210 If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles
Views: 2019 FinanceKid
Session 1: Introduction to Valuation
 
16:15
Lays out the rationale for doing valuation as well as the issues of bias, complexity and uncertainty that bedevil it.
Views: 491973 Aswath Damodaran
Webinar | RICS Valuation - Professional Standards 2017
 
56:34
Ben Elder FRICS, RICS Global Director of Valuation, gives an update on changes to the global RICS Red Book and what this means for surveying professionals.
Views: 5073 RICS
Aswath Damodaran | The Investment Valuation Guru | One Road Podcast
 
50:31
Aswath Damodaran is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation. He's been called Wall Street's "Dean of Valuation", and he sits down with One Road Research managing director, Peter Pham.
Views: 2204 One Road Research
9. What are the Best Private Equity Books to Read?
 
03:37
What are the best private equity books to read? As Mark Twain once said, “The man who doesn’t read has no advantage over the man who cannot read”. I cannot stress enough the importance of reading, especially in this day and age when we have so much information available to us. I recommend the following private equity books: “Barbarians at the Gate” by Bryan Burrough and John Helyardetails. This book is about the 1988, $25 billion takeover of RJR Nabisco by private-equity firm KKR, which was the biggest takeover at the time. Not only is this a great private equity book, but it’s one of the best investment books of all time. The second private equity book that I recommend is “King of Capital” by David Carey and Johnny Morris. This book outlines the history of Blackstone and how Blackstone was started by Steve Schwartzman and Pete Peterson in 1985. These two excellent bankers invested $200,000 each. As mentioned in a previous video (Video #5), today Blackstone has five people who are each worth over a billion dollars. “King of Capital” tells the incredible story of how the company was built in 1985 to where it is today. combined with other interesting secondary stories such as how Blackstone created Blackrock, the company that now runs over a trillion dollars, and how Blackstone sold Blackrock a little early. While this book isn’t as detailed on the deals as “Barbarians at the Gate”, it gives a better overall picture of the private equity industry. Another private equity book that I recommend is “The Future of Private Equity: Beyond the Mega Buyout” by Mark Bishop. This book looks at the future of our industry from a global perspective. My favorite part of the book is the emerging markets section that includes interviews with people in the private equity industry from all over the world. If you like the format of reading interviews about the private equity industry, you may also like “The Masters of Private Equity Venture Capital” by Robert Finkel and David Greising. In addition to these books, I highly recommend that you spend time researching the documents that are available online on public, private equity companies. Publically listed private equity companies are required to provide their information to investors. You can use this information as an opportunity to learn about these companies. Investors, such as pension plan CPPIB (Video #3); have an annual report that details their investments. You can learn a lot by reading an annual report. To recap: read, read and read. You can learn so much about this industry by reading!
Views: 17270 Steve Balaban
How to Value a Company in 3 Easy Steps - Valuing a Business Valuation Methods Capital Budgeting
 
09:40
Clicked here http://www.MBAbullshit.com/ and OMG wow! I'm SHOCKED how easy.. Just for instance I possessed a company comprising of a neighborhood store. To put together that center, I invested $1,000 one year ago on apparatus along with other assets. The equipment in addition to other assets have depreciated by 10% in a single year, so now they're valued at only $900 inside the accounting books. In case I was going to make an effort to offer you this company, what amount would an accountant value it? Relatively easy! $900. The cost of the whole set of assets (less liabilities, if any) can give accountants the "book value" of a typical organization, and such is systematically how accountants observe the worth of an enterprise or company. (We employ the use of the word "book" because the worth of the assets are penned within the company's accounting "books.") http://www.youtube.com/watch?v=6pCXd4i7DM0 However, imagine this unique company is earning a juicy cash income of $2,000 annually. You would be landing a mighty incredible deal in the event I sold it to you for just $900, right? I, on the flip side, might be taking out a pretty sour pact in the event I offered it to you for just $900, on the grounds that as a result I will take $900 but I will shed $2,000 per annum! Due to this, business directors (dissimilar to accountants), don't make use of merely a company's book value when assessing the value of an organization.So how do they see how much it really is worth? To replace utilizing a business' books or even net worth (the market price of the firm's assets minus the business enterprise's liabilities), financial managers opt to source enterprise worth on how much money it gets in relation to cash flow (real cash acquired... contrary to only "net income" that may not generally be in the format of cash). Basically, a company making $1,000 "free cash flow" monthly having assets worth a very small $1 would remain to be worth a great deal more versus a larger company with substantial assets of $500 in the event the humongous company is attaining only $1 yearly.So far, how do we achieve the exact value of your business? The simplest way would be to mainly look for the net present value of the total amount of long run "free cash flows" (cash inflow less cash outflow).Needless to say, you will come across much more sophisticated formulas to find the value of a company (which you wouldn't genuinely need to learn in detail, since there are numerous gratis calculators on the web), but practically all of such formulas are in a way driven by net present value of cash flows, plus they are likely to take into consideration a few factors for example growth level, intrinsic risk of the company, plus others.
Views: 316378 MBAbullshitDotCom
Session 19: Asset Based Valuation
 
14:13
Look at valuation approaches (accounting book value, sum of the parts) that value the assets of a business and aggregate up to value.
Views: 20201 Aswath Damodaran
How to value a company using net assets - MoneyWeek Investment Tutorials
 
10:13
Following on from his "3 ways to value a company" video, Tim introduces the first method called the 'net assets approach'. Along the way he explains how it works, how it helps investors, and also points out some of its pitfalls.
Views: 111654 MoneyWeek
Warren Buffett's Secret "Value" Formula
 
03:44
Warren Buffet Documentary. Warren Buffet MBA. Warren Buffet 2012. Value Investing
Views: 268765 MrAlanKendall
Valuation and Discounted Cash Flow Analysis (DCF)
 
01:26:16
Here's a quick overview on Valuation. We also construct an entire discounted cash flow analysis on WalMart in conjunction with my book Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity http://www.amazon.com/Financial-Modeling-Valuation-Practical-Investment/dp/1118558766/ref=sr_1_8?ie=UTF8&qid=1422553204&sr=8-8&keywords=valuation
Views: 90070 Paul Pignataro
Comparable Companies Analysis – CH 1 Investment Banking Valuation Rosenbaum
 
01:04:49
In this video, I provide a comprehensive overview of the comparable companies analysis used in investment banking and the different steps needed to offer a defensible valuation range. The video is long but offers all the information you need to know for an entry level analyst and any student looking to prepare for a related interview. I am working off the second edition Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions textbook by Joshua Rosenbaum and Joshua Pearl. Chapter 1 covered topics like; - Finding the right universe of comparable companies using business and financial characteristics - Enterprise and equity value multiples - Treasury stock and if-converted methods for fully diluted shares - Net share settlement method (NSS) - Calendarization of financial data - Adjustments for non-recurring items - Benchmarking and valuation For those who are interested in buying the Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum and Joshua Pearl, follow the Amazon link below; https://www.amazon.ca/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118656210 If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles
Views: 9805 FinanceKid
Calculate Intrinsic Value Like Warren Buffett! | Warren Buffett's Valuation Method
 
11:59
Try My Private Investing Platform & Community For FREE! ▶︎ https://www.hamishhodder.com/introduction ------- PV of Growth Annuity Calculator: http://financeformulas.net/Present_Value_of_Growing_Annuity.html In this one I explain exactly how Warren Buffett calculates the intrinsic value of a company on the stock market. I just finished reading all of Warren Buffett's essays and have compiled all of his tips on calculating the value and buy price of a business. Buffett indicates that he uses a traditional Discounted Cash Flow method of valuation. This intrinsic calculation method involves estimating the total amount of cash a stock or business can provide its owners over its remaining lifetime, and discounting them at a risk-free rate. A significant amount of Warren Buffett's investing success comes down to his ability to estimate future cash flow. This is ultimately a result of Buffett's thorougher understanding of consumer behaviour. If you want to become a great investor, the first step is to expand your knowledge of how businesses operate in industries that are of interest to you. The more you study these industries, the more accurately you will be able to make estimations of the cash a business or stock can provide you over the next 10 years. Now Buffett concedes that it isn't possible to accurately project the cash flow of specific years into the future, because we don't know how consumers will behave in the short term. We may know that a person who owns and has always owned iPhones is likely replace that iPhone with a new one in the next 5 years, but we don't know when that is specifically going to happen. So instead of estimating specific cash flows, we just estimate a conservative growth rate for cash over the next 10 years. Once we have our cash flow growth rate, we want to grow what's called Owner's Earnings which is a cash flow number Buffett uses to estimate the amount of cash an owner can pull out of a business within a specific year. The calculation of this number is outlined in his letters to the shareholders and involves adding back non-cash charges to Net Income, as well as subtracting capital expenditures used to maintain the long term assets of the business. Finally we need a risk-free rate which is the rate we can achieve from investing in a 10-year US or AUS treasury bond. At the current time this is 2.7% We simply plug all that into a Growth Annuity Formula (linked above), and we get an intrinsic value calculation, which then needs to be discounted a further 60-80% to allow for a margin of safety. If you want to learn more I suggest you check out my other videos in the 'How to Invest in the Stock Market" playlist on my channel. Subscribe if you enjoyed. ------- YOUNG INVESTORS PODCAST ▶︎ iTunes http://bit.ly/YIPitunes ▶︎ Spotify http://bit.ly/YIPspotify ▶︎ YouTube http://bit.ly/YIPyoutube SUBSCRIBE & Join The Team: https://goo.gl/gvr6PW ------- WANT TO SUPPORT THE CHANNEL? ▶︎https://www.etsy.com/au/shop/HamishHodder ------- WANT SOME READING MATERIAL? ▶︎ https://amzn.to/2qLPmkb (affiliate) [Favourite Investing Book] ▶︎ https://amzn.to/2qJzmPR (affiliate) ▶︎ https://amzn.to/2qIwti9 (affiliate) ------- FOLLOW ME ON INSTAGRAM ▶︎ instagram.com/hamishhodderofficial LIKE ME ON FACEBOOK ▶︎ https://bit.ly/2HXowfm FOLLOW ME ON TWITTER ▶︎ https://twitter.com/hamish_hodder EMAIL ME ▶︎[email protected] ------- MICROPHONE ▶︎ https://amzn.to/2qJzGOz (affiliate) CAMERA ▶︎ https://amzn.to/2qK9ByJ (affiliate) LIGHTING ▶︎ https://amzn.to/2qIwz9v (affiliate) ------- Disclaimer: The information & opinions in these videos are strictly for educational & entertainment purposes ONLY. None of the opinions discussed should be taken as financial advice as I am NOT a financial advisor. Please do your own research & consult a financial advisor.
Views: 5153 Hamish Hodder
Discounted Cash Flow (DCF) Model – CH 3 Investment Banking Valuation Rosenbaum
 
01:23:02
The discount cash flow analysis (DCF) is a fundamental valuation methodology broadly used by investment bankers, corporate officers, and other finance professionals. It is based on the principal that the value of a company can be derived from the PV of its projected free cash flow (FCF). While many videos cover the actual framework and how to build the excel model, the assumptions and thinking behind the model are often left to more “real world” examples. This is that example! Chapter 3 covered topics like; - How do you project revenues for a DCF model? - How many years do you project cashflows for? - What is the exit multiple method? - What is the perpetuity growth method? - How do you project EBITDA for a DCF model? - How do you project EBIT for a DCF model? - How do you project the NWC for a DCF model? - What is the mid-year convention? - How do you calculate unlevered free cash flow? For those who are interested in buying the Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum and Joshua Pearl, follow the Amazon link below; https://www.amazon.ca/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118656210 If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles Videos referenced; Estimating Cost of Debt For WACC: https://www.youtube.com/watch?v=CSkPlxEe-dY Estimating Cost Of Equity For WACC: https://www.youtube.com/watch?v=ZigyWoDAMrE Projecting NWC; https://www.youtube.com/watch?v=2E1Hca2dVbI Why Is Your DCF Model Incorrect? https://www.youtube.com/watch?v=ByyK0AMuLxc
Views: 9844 FinanceKid
Demystifying The Amazon Valuation Dilemma
 
11:41
Amazon has a stratospheric P/E ratio, but cash flows tell a different story.
Views: 4598 FASTgraphs
HOW TO FIND THE INTRINSIC VALUE OF A STOCK
 
08:24
What do I do? Full-time independent stock market analyst and researcher: https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Check the comparative stock list table on my Stock market research platform under curriculum preview! I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More about me and some written reports at the Sven Carlin blog: https://svencarlin.com Stock market for modern value investors Facebook Group: https://www.facebook.com/groups/modernvalueinvesting/ Knowing the intrinsic value of a stock is extremely important as it is the basis for your buy or sell decisions. Fortunately, it is not that difficult, all you need to do is know the business and estimate future earnings. Add a valuation to that and you have your intrinsic value. I discuss Skechers (NYSE: SKX) as an example for calculating intrinsic value and how stock values are much more volatile than intrinsic value.
Warren Buffett on Business, Analysis and Investing
 
51:13
A Q&A with Warren Buffett at the University of North Carolina. In this discussion Warren begins with his time at Salomon Brothers and how he sizes up executives. He then moves on to a Q&A with the MBA students and answers a diverse range of questions. The questions range from how he analyses companies to his views on financial reports. This discussion offers a unparalleled insight into the professional and personal thinking of the Oracle of Omaha.📚 Books about Warren Buffett and his favourite books are located at the bottom of the description❗ Like if you enjoyed Follow us on Twitter:http://bit.ly/TwitterIA Video Segments: 0:07 Introduction 2:09 Finding Salomon Brothers a leader 10:20 Questions 10:28 What financial analysis do you do? 15:16 When to sell a business? 19:00 Who do you like, trust and admire in politics and business? 21:33 Have you considered splitting Berkshire Hathaway stock? 25:30 Investment failures? 29:07 Why did you invest in US Airways? 31:39 I never think about what the stock market is going to do 34:54 Investing in a stock vs the whole business 37:06 Banking consolidations 39:10 Your perspective on investments outside the US? 41:09 What has franchise value? 44:44 Clear financial reports 45:55 Future vs past of allocating capital 47:28 Any words of wisdom on family? 50:58 Outro Warren Buffett Books 🇺🇸📈 (affiliate link) The Snowball: Warren Buffett and the Business of Life:http://bit.ly/TheSnowball The Essays of Warren Buffett:http://bit.ly/TheEssaysofWB Tap Dancing to Work: Warren Buffett on Practically Everything:http://bit.ly/TapDancing Warren Buffett's Favourite Books🔥 The Intelligent Investor: The Definitive Book on Value Investing:http://bit.ly/TIIBG Security Analysis: Sixth Edition:http://bit.ly/Securityanalysis Common Stocks and Uncommon Profits and Other Writings:http://bit.ly/CommonStock Interview Date: 1994 Location:Kenan-Flagler Business School, University of North Carolina, Chapel Hill. Original Image Source:http://bit.ly/WarrenBuffett2 For More Investing/Entrepreneur/Economics Videos Check Out The Channel. What is Investors Archive ? = Its a Youtube Channel dedicated to having all the best Interviews/ Biography/ educational / courses on Investing/Entrepreneur/Economics so you can find all the free knowledge you need in one place ! Remember to Sub for all the Best New Content. No advertising
Views: 21490 Investors Archive
How to value a company using discounted cash flow (DCF) - MoneyWeek Investment Tutorials
 
10:50
Every investor should have a basic grasp of the discounted cash flow (DCF) technique. Here, Tim Bennett introduces the concept, and explains how it can be applied to valuing a company.
Views: 512347 MoneyWeek
How to value a company using multiples - MoneyWeek Investment Tutorials
 
09:23
For investors wanting to do a quick and dirty check on whether a firm is cheap or expensive, multiples can be helpful. As part of his short series on valuing companies, Tim Bennett explains why and how to go about using them.
Views: 146289 MoneyWeek
Tesla (TSLA) Stock Valuation & Objective Analysis
 
23:01
When Tesla (TSLA) shares are down, the bulls scream that the stock must be on "sale..." If Tesla stock is up, the bears predict its inevitable crash... I think both extremes are wrong! ✔️ To continue learning from a Practicing Professional, don't forget to subscribe and click the bell! 🔔 SUBSCRIBE: https://SpicerCapital.com/YouTube 🕗🕘🕙 Discover 🕑🕒🕓 0:58 - What Most Are Missing About TSLA 2:33 - What Is Our Insider Community? 3:43 - Telsa Today 4:56 - Disclosures 5:18 - My Valuation 6:42 - Bonus Tip #1 9:45 - My Numbers 12:05 - Bonus Tip #2 12:23 - Biggest Bear Concerns 15:14 - Additional Concerns 18:35 - My Advice 19:41 - Bonus Tip #3 20:07 - Our Insider Community - All The Details! 🔗🔗🔗 Links 🔗🔗🔗 1:40 - Mistake Everyone Is Making Video - https://youtu.be/XMUHEj-5rHU 2:33 - Become an INSIDER! - https://SpicerCapital.com/INSIDER 4:56 - Additional Disclosures - https://SpicerCapital.com/Disclosure 14:53 - Disney Analysis Playlist - https://www.youtube.com/playlist?list=PL06T-MzaTCdR6R1wVZRd6uLfZ6Je3UNGK 20:07 - Join Us on the INSIDE! - https://SpicerCapital.com/INSIDER Don't miss the amazing content we're creating for you over on Instagram as well. See for yourself: ✔️ https://www.Instagram.com/spicercapital/ I put together this Guide to the Best Books about Investing: ✔️ https://SpicerCapital.com/Books ------------ Other Resources ------------ 📚 COURSE - Want to learn the ins and outs of my investment style? Learn more at http://InvestLikeSpicer.com 📈 INSIDER - Want inside access? Learn more here: https://SpicerCapital.com/INSIDER 📕 BOOK - Get your copy of "Stop Investing Like They Tell You." In a bookstore near you or find it on Amazon https://SpicerCapital.com/Book 🎧 AUDIOBOOK - Until my publisher makes me take it down... download the audiobook version of my book for FREE at https://SpicerCapital.com/SILTTY 🤔 ABOUT - Learn more about me (Stephen Spicer) and Spicer Capital: https://SpicerCapital.com/About Sources: Simply Wall Street - https://SpicerCapital.com/SWS (affiliate) Uncle Stock - https://SpicerCapital.com/UncleStock (affiliate) https://www.bloomberg.com/news/articles/2018-08-02/why-tesla-s-billion-dollar-china-play-is-key-to-its-survival https://www.investors.com/news/technology/tesla-earnings-tesla-stock-tsla-q1-2019/ https://evvolumes.com https://youtu.be/nIS55mmCs54 https://insideevs.com/news/342281/china-is-building-too-many-electric-cars/ https://evannex.com/blogs/news/tesla-model-3-profit-target-is-5x-higher-than-the-average-vehicle-from-ford https://www.theverge.com/2019/5/17/18629166/elon-musk-tesla-money-changes-cfo-employee-expenses https://seekingalpha.com/filing/4458712 https://seekingalpha.com/news/3453881-tesla-misses-1_96-misses-revenue https://www.marketwatch.com/investing/stock/tsla/insideractions https://www.businessinsider.com/tesla-executive-departures-list-2018-9 Warranties & Disclaimer Spicer Capital, LLC is a Registered Investment Advisor. This channel and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy. This channel and information are not intended to provide investment, tax, or legal advice. Please see my full disclosures at: https://SpicerCapital.com/Disclaimer
HOW TO VALUE A STOCK 📈 When Should You Buy A Stock?
 
14:27
WEBULL: "Get a FREE STOCK just for signing up!" 💰 http://ryanoscribner.com/webull FREE 5 Step Money Making Blueprint: http://www.ryanoscribner.com/start Follow Me On Instagram: @ryanscribnerofficial _______ Ready To Start Making Money Online? 🙌💸 FREE 5 Step Money Making Blueprint ▶︎ http://www.ryanoscribner.com/start My 7 Online Business Secrets For 2019 ▶︎ https://www.ryanoscribner.com/7-secrets FREE Affiliate Marketing Course ▶︎ http://www.ryanoscribner.com/free Steal My Business Model ▶︎ http://www.ryanoscribner.com/invest Affiliate Marketing Facebook Group ▶︎ http://www.ryanoscribner.com/facebook-group ___ Ready To Start Investing? 🤔💸 WEBULL: "Get a FREE STOCK just for signing up!" 💰 http://ryanoscribner.com/webull BETTERMENT: "Passive investing, they manage everything for you." 📈 http://ryanoscribner.com/betterment FUNDRISE: "Passive real estate investing, 8 to 11% returns." 🏠 http://ryanoscribner.com/fundrise M1 FINANCE: "Invest in partial shares of stocks like Amazon." 📌 http://ryanoscribner.com/m1-finance LENDING CLUB: "Become the bank and make interest on loans." 🏦 http://ryanoscribner.com/lending-club COINBASE: "Get $10 in free Bitcoin (when you fund $100)." ⭐ http://ryanoscribner.com/coinbase MY INVESTING BLOG: “Learn how to invest today.” 📊 https://investingsimple.blog/ ___ Ready To Keep Learning? 🤔📚 Learn A New HIGH INCOME Skill 💰 http://www.ryanoscribner.com/skill My Favorite Personal Finance Book 📘 https://amzn.to/2NiyDiz My Favorite Investing Book 📗 https://amzn.to/2KEyd7D My 2nd Favorite Investing Book 📗 https://amzn.to/2tZmxBU My Favorite Personal Development Book 📕 https://amzn.to/2KJKgRn Not a fan of reading? Join Audible and get two free audio books! ❌📚 http://ryanoscribner.com/audible ___ DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence. AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons. HOLDINGS DISCLOSURE: Ryan Scribner holds the following stocks: General Electric (GE), Alibaba (BABA), JD(.)com (JD), Facebook (FB), Apple (AAPL) and National Grid (NGG). While reasonable steps are taken to keep this information updated, this list may not be the most current.
Views: 136269 Ryan Scribner
CFA level I-Equity Valuation and Analysis- Part I
 
01:02:52
FinTree website link: http://www.fintreeindia.com FB Page link :http://www.facebook.com/Fin... We love what we do, and we make awesome video lectures for CFA and FRM exams. Our Video Lectures are comprehensive, easy to understand and most importantly, fun to study with! This Video lecture was recorded by our popular trainer for CFA, Mr. Utkarsh Jain, during one of his live CFA Level I Classes in Pune (India). This video lecture covers following key area's: 1. Evaluation of a security given its current rate market price and a value estimate , is overvalued, fairly valued or undervalued by the market. 2. Major categories of equity valuation models. 3. Rationale for using present-value of cash flow models to value equity & explains 4. dividend discount and free-cash-flow-to-equity models. 5. Calculation of intrinsic value of a non-callable , non-convertible preferred stock. 6. Calculation and interpret the intrinsic value of an equity security based on the Gordon (constant) growth dividend discount model or a two-stage dividend discount model, as appropriate. 7. Companies for which the constant growth or a multistage dividend discount model is appropriate. 8. Rationale for using price multiples to value equity and distinguish between multiples based on comparables versus multiples based on fundamentals. 9. Calculation and interpretation of price to earnings, price to an estimate of operating cash flow, price to sales, and price to book value. 10. The use of enterprise value multiples in equity valuation and demonstrate the use of enterprise value multiples to estimate equity value. 11. Asset-based valuation models and the use of asset-based models to calculate equity value. 12. Advantages and disadvantages of each category of valuation model. #CFA #FRM #FinTree
Views: 85225 FinTree
1. What is Value Investing?
 
11:25
Download Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: http://www.amazon.com/gp/product/0982967624/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0982967624&linkCode=as2&tag=pypull-20&linkId=EOHYVY7DPUCW3WD4 http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1939370159&linkCode=as2&tag=pypull-20&linkId=XRE5CA2QJ3I2OWSW In this lesson, students learn what value investing is. The three course objectives are: 1) The difference between value trading and value investing 2) The difference between an asset and a liability 3) Who created and uses value investing.
Views: 802954 Preston Pysh
Session 19: Closing the Relative Valuation Book & Asset-based Valuation
 
01:30:06
In this session, we closed the book on relative valuation by looking at how to pick the "right" multiple for a valuation, with the answers ranging from cynically picking one that best fits your agenda to picking one that reflects what managers in that business care about. We then moved on to asset based valuation: liquidation valuation, accounting valuation and sum of the parts valuation, and closed the class by starting on the process of valuing private businesses. Start of the class test: www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/tests/relval3atest.pdf Slides: http://www.stern.nyu.edu/~adamodar/podcasts/valfall15/valsession19.pdf Post class test: http://www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session19Atest.pdf Post class test solution: http://www.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session19Asoln.pdf
Views: 2124 Aswath Damodaran
21. Warren Buffett Intrinsic Value Calculation - Rule 4
 
36:15
Learn more about Preston’s Intrinsic Value Course that teaches you step-by-step how to calculate the intrinsic value of a stock in 18 exclusive videos: https://www.theinvestorspodcast.com/product/intrinsic-value-course/ Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: http://www.amazon.com/gp/product/0982967624/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0982967624&linkCode=as2&tag=pypull-20&linkId=EOHYVY7DPUCW3WD4 http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1939370159&linkCode=as2&tag=pypull-20&linkId=XRE5CA2QJ3I2OWSW Use the intrinsic Value Calculator at: http://www.buffettsbooks.com/intelligent-investor/stocks/intrinsic-value-calculator.html In this lesson, students learned that the intrinsic value can be defined as the discounted value of the cash that can be taken out of a business during it's remaining life. For us, we've defined the life as the next ten years. This way, we can discount that cash by the 10 year federal note. The Cash that we are taking out of the business is simply the dividends and the book value growth during the next 10 years. Since these numbers need to be estimated, it's very important to ensure that Warren Buffett's third rule (a stock must be stable and understandable) is met. When a company doesn't have a history of linear growth, estimating the cash that they will produce for the next ten years becomes more speculative. When we look at the root of the intrinsic value calculator, it operates off of the same principals as a bond calculator. Instead of using coupons, we substitute dividends. And instead of using par value (or value at maturity) we estimate the book value of the business in 10 years. The value that we use to discount the summation of the cash is simply the 10 year federal note. Although the previous paragraph might sound confusing to some, it's application is fairly straight forward. The reason Buffett says, "Two people looking at the same set of facts, will almost inevitably come up with at least slightly different intrinsic value figures," is due to a difference in opinion of the future cash flows. Since some investors are more conservative than others, their estimates of book value growth or dividend payments may be lower. This will immediately change the intrinsic value. Your job as an intelligent investor is to determine your own tolerance for risk and conservative estimates on how much money you will receive while owning the stock for a 10 year period. If you ever have difficulty understanding the material, simply click on the link for the forum above. Be sure to sign-up for an account and ask any questions you might have. Just because you didn't understand something in this lesson, doesn't mean you have to simply give up on the process. If you would like to learn more about how this calculator works, be sure to read this article published by Preston: It is here: http://ezinearticles.com/?How-to-Calculate-the-Intrinsic-Value-of-Stocks-Like-Warren-Buffett&id=7262028
Views: 532135 Preston Pysh
Joel Greenblatt: "The Little Book that Beats the Market" | Talks at Google
 
56:08
Joel Greenblatt is a managing partner of Gotham Capital, a hedge fund that he founded in 1985 and Gotham Asset Management, a manager of hedge funds and long/short mutual funds. He is the former Chairman of the Board of Alliant Techsystems, a NYSE listed aerospace and defense company. Since 1996, he has been a professor on the adjunct faculty of Columbia Business School where he teaches Value and Special Situation Investing. He is the author of three books, You Can Be A Stock Market Genius (1997), The Little Book That Beats The Market (2005), and The Big Secret for the Small Investor (2011). Mr. Greenblatt is a co-founder of Success Academy Charter Schools, a network of 41 charter schools in New York City and the former Chairman of the Board of Overseers of the Graduate School of Education at the University of Pennsylvania. He holds a BS and an MBA from the Wharton School. Brief outline of topics covered: How to think about the Stock Market Active vs. Passive Investing, which should you choose? Is the market really efficient? What does that mean? What is the opportunity for active investors, if any? What are the opportunities for individual investors? How should most people invest? How should you invest? This talk was moderated by Saurabh Madaan.
Views: 119286 Talks at Google
Mohnish Pabrai's Top 10 Rules For Success
 
15:27
He's an Indian-American businessman, investor, and philanthropist. He sold his company TransTech, Inc in 2000 to Kurt Salmon Associates for US$20 million. Today he is the managing partner of the Pabrai Investment Funds. He's Mohnish Pabrai and here are his Top 10 Rules for Success. * Join my BELIEVE newsletter: http://www.evancarmichael.com/newsletter/ Sources: https://youtu.be/oaL2v1nVokw https://youtu.be/4LPCGRc1kww https://youtu.be/E_nWM4vjgqE 1. Minimize risk He worked with Tellabs between 1986–91. 2. Define your market In 1991 he started his IT consulting and systems integration company, TransTech, Inc. 3. Stay within your circle of competence He started with about $30,000 from his own 401K account and $70,000 from credit card debt. 4. Don't sell what you wouldn't buy He has high regards for Warren Buffett and admits that his investment style is copied from Buffett and others. 5. Wait for the right pitch He has written a book: The Dhandho Investor: The Low - Risk Value Method to High Returns. 6. Put yourself in their shoes His approach to life is covered extensively in Guy Spier's book, The Education of a Value Investor. 7. Focus on marketing Another book by Pabrai is Mosaic: Perspectives on Investing. 8. Create a competitive advantage He has won the 1999 KPMG Illinois High Tech Entrepreneur Award given by KPMG. 9. Have flexibility He's a member of the Young Presidents' Organization. 10. Pay attention to feedback He started the Dakshana Foundation with the goal of recycling most of their wealth back to society. Cesar V: Evan do you think you can do something on Monish Pabrai? Thanks a lot. I love what you do!! WHAT IS BTA? * Find out here: https://www.youtube.com/watch?v=BsY8bmTUVP8 ENGAGE * Subscribe to my channel: http://www.youtube.com/subscription_center?add_user=Modelingthemasters * Leave a comment, thumbs up the video (please!) * Help me caption this video so others can enjoy it too: https://www.youtube.com/timedtext_video?v=jw54ImT9YEw * Suppport me: http://www.evancarmichael.com/support/ CONNECT * Twitter: https://twitter.com/evancarmichael * Facebook: https://www.facebook.com/EvanCarmichaelcom * Google+: https://plus.google.com/108469771690394737405/posts * Website: http://www.evancarmichael.com EVAN * About: http://www.evancarmichael.com/about/ * Guides: http://www.evancarmichael.com/zhuge/ * Coaching: http://www.evancarmichael.com/movement/ * Speaking: http://www.evancarmichael.com/speaking/ * Gear: http://evancarmichael.com/gear WEEKDAY SCHEDULE * #Entspresso - Weekdays at 7am EST : https://www.youtube.com/playlist?list=PLiZj-Ik9MmM0-kQSSs3Ua5wExlz1HwRRs * Lunch & Earn - Weekdays at 12pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM1j5wXSEqRxhu_MK0g4TA4M * Top 10 Rules for Success - Weekdays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM0VWRGYCfuUCdyhKfU733WX WEEKEND SCHEDULE * #Entvironment - Saturdays at 7am EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM3ZvpIdZoneTe1KYCVcmfbF * #EvansBook - Saturdays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM1tNSh0CjOsqIg1fw7bAPt4 * #BelieveLife - Sundays at 7am EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM207_RQCOPAwZdKYXQ4cqjV * Life with Evan - Sundays at 8pm EST: https://www.youtube.com/playlist?list=PLiZj-Ik9MmM19tzfHH_VJOnghbfdRPZjS
Views: 163743 Evan Carmichael
Finding the Sticker Price and Margin of Safety Calculations- InvestED: The Rule #1 Podcast
 
55:09
Phil and Danielle discuss how to find the sticker price of a stock. Phil also gives a great list of books you should read. Podcast Show Notes: http://bit.ly/1G3nsV5 To sign-up for my Transformational Investing Webinar, visit: http://ow.ly/ScXbJ Don't forget to subscribe to my channel here: http://ow.ly/RNAnK _____________ For more great Rule #1 content and training: Podcast: http://bit.ly/1hpag19 Blog:http://bit.ly/1hpasNR Transformational Investing Workshop: http://ow.ly/ScX3p Facebook: https://www.facebook.com/rule1investing Twitter: https://twitter.com/Rule1_Investing Google+: +PhilTownRule1Investing Pinterest: https://www.pinterest.com/rule1investing/
REIT Valuation: Crash Course
 
22:18
In this tutorial, you’ll learn how REITs operate, how to create simple 3-statement projection models for them, how to extend the projections into a DCF analysis, and how to complete a Net Asset Value (NAV) model and use Public Comps to value a REIT. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:14 Part #1: Basic Characteristics of REITs and U.S. GAAP vs. IFRS 6:17 Part #2: Simple Projection Model for a REIT 12:00 Part #3: Extension of the Projection Model into a DCF for a REIT 16:03 Part #4: Net Asset Value (NAV) for REITs and Public Comps 19:40 Recap and Summary Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/REIT-Valuation-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/REIT-Valuation-Example.xlsx Lesson Outline: To value REITs simply and effectively, you must understand how they operate, their special requirements, and the differences between U.S. GAAP-based and IFRS-based REITs. REITs buy, sell, develop, and operate properties or other real estate assets. They must distribute a high percentage of Net Income in the form of Dividends (90% in the U.S.), and high percentages of their revenue and assets must come from real estate. In exchange, they pay no corporate income taxes (or greatly reduced corporate taxes). REITs are always maintaining, acquiring, developing, renovating, and selling properties, and since they distribute so much Cash, they constantly need to raise Debt and Equity to operate. The Gains and Losses on property sales make Net Income fluctuate, so you look at alternative metrics, such as Funds from Operations (FFO) or EPRA Earnings, when analyzing REITs. Funds from Operations (FFO) = Net Income + RE Depreciation & Amortization + Losses / (Gains) + Impairments. Under U.S. GAAP, REITs depreciate properties and record a huge Depreciation expense on the IS; under IFRS, they revalue properties constantly and record huge Fair Value Gains and Losses instead. Also as a result of that, Book Value is important and meaningful for IFRS-based REITs but must be adjusted significantly for U.S.-based REITs. To project a REIT’s statements, you start by projecting its “same-store” (existing) properties by assuming rental growth and margins. Then, assume acquisition, development/redevelopment spending, a yield on spending, and margins there, and assume something for dispositions and the lost revenue and operating income. Add up all the property-level revenue and expenses, and then project corporate items such as Depreciation, Maintenance CapEx, and SG&A with traditional percentage approaches. Make Dividends a % of FFO, AFFO, or EPRA Earnings, and assume Debt and Equity issued based on the REIT’s Cash before financing vs. its minimum Cash balance. To value a REIT with a DCF, extend these projections, factor in all CapEx and Asset Sales, as well as Stock Issued, and project revenue, margins, D&A, CapEx, and Asset Sales through a 10-year period. Calculate and discount Terminal Value the normal way, discount and sum up the Free Cash Flows, back into the Implied Equity Value and divide by the share count (current + future shares to be issued) to get the Implied Share Price. The DDM is similar, but you use Cost of Equity instead of WACC, Equity Value-based multiples for the Terminal Value, and you discount and sum up Dividends rather than Unlevered FCF. To calculate NAV for U.S.-based REITs, project the 12-month forward Net Operating Income from properties, divide it by an appropriate Cap Rate or Yield (based on similar transactions or companies in the market), and then take the market value of the other assets and add them up. Then, adjust the Liabilities, and subtract them from the market value of Assets to determine Net Asset Value; divide by the share count to get NAV per Share and compare it to the Current Share Price. Public Comps are similar, but the screening criteria are usually Real Estate Assets, Geography, and Sub-Industry. You can use traditional metrics and multiples like EBITDA and EV / EBITDA, but you’ll also use alternative ones such as FFO, P / FFO, NAV, and P / NAV, and, for IFRS-based REITs, Book Value and P / BV. To find the data, you can use “Related Companies” on Google Finance, get the assumed growth rates for the projections from sources like Yahoo Finance, and go from there.
Bond Valuation part 1
 
32:10
Views: 136255 Rahul Malkan
Aswath Damodaran on valuation and technology investing
 
19:18
ORIGINAL AIR DATE: APRIL 22, 2016 Boom Bust’s Edward Harrison interviews valuation guru Aswath Damodaran, economics professor at New York University. Aswath gives his favored public companies with lots of available public data, with specific commentary on higher growth companies like Tesla and Valeant. He also warns the increasing reliance by analysts and investors on non-GAAP reporting. Aswath then explains the mechanics behind using an equity risk premium calculation before going into his valuation thoughts for a number of high profile tech companies like Facebook, GoPro, Twitter, Amazon, Netflix and more. Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns Follow us @ https://twitter.com/AmeeraDavid http://twitter.com/edwardnh https://twitter.com/BiancaFacchinei
Views: 5949 Boom Bust
Trillion Dollar Duo: An Apple and Amazon Retake!
 
16:04
As the market capitalizations of Apple and Amazon top a trillion dollars, it is a good moment to stop and look at how both companies reached that pedestal, not just for just business lessons, but also to make investment judgments on both stocks. While it is undeniable that both companies have been successful over the last two decades, their operating paths have been very different, with Apple using the iPhone to generate ever-increasing operating margins and huge positive cash flows, and Amazon evolving into a disruption platform, entering new businesses and posting high revenue growth, often at the expense of higher margins. I value both companies and find Apple mildly overvalued (by about 9%) and Amazon significantly so (about 35%). Slides: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/TrillionDollarDuo.pdf (with Apple story fixed) Blog Post: https://aswathdamodaran.blogspot.com/2018/09/apple-and-amazon-at-trillion-looking.html Valuation Spreadsheets: Apple: http://www.stern.nyu.edu/~adamodar/pc/blog/AppleSept18.xlsx Amazon: http://www.stern.nyu.edu/~adamodar/pc/blog/AmazonSept18.xlsx
Views: 8457 Aswath Damodaran
What is the price to book ratio? - MoneyWeek Investment Tutorials
 
09:09
Like this MoneyWeek Video? Want to find out more on price to book ratio? Go to: http://www.moneyweekvideos.com/what-is-the-price-to-book-ratio/ now and you'll get free bonus material on this topic, plus a whole host of other videos. Search our whole archive of useful MoneyWeek Videos, including: · The six numbers every investor should know... http://www.moneyweekvideos.com/six-numbers-every-investor-should-know/ · What is GDP? http://www.moneyweekvideos.com/what-is-gdp/ · Why does Starbucks pay so little tax? http://www.moneyweekvideos.com/why-does-starbucks-pay-so-little-tax/ · How capital gains tax works... http://www.moneyweekvideos.com/how-capital-gains-tax-works/ · What is money laundering? http://www.moneyweekvideos.com/what-is-money-laundering/
Views: 14674 MoneyWeek
Startup Company Business Valuation Methods
 
13:28
Startup company valuation methods are explained in Hindi. How angel investors and venture capitalists value a startup business? Startup business valuation is more of an art than a science. Mature companies can be valued using Discounted Cash Flow (DCF) method or comparison multiples like PE ratio, PB ratio etc. whereas a startup company doesn't have profits or even revenues. So let us learn the popular methods used to value a startup for funding. How an early stage startup is valued by angel investors and a growth stage company is valued by venture capital investors or private equity investors? Related Videos: Startup Funding Stages: https://youtu.be/ornDi-Tv0JY Why Investors Fund Startup: https://youtu.be/-uodyahk5_U Present Value: https://youtu.be/pxm-5MBO2dg IRR (Internal Rate of Return): https://youtu.be/TD_gI-eXHqc Share this Video: https://youtu.be/TD_gI-eXHqc स्टार्टअप कंपनी के वैल्यूएशन को इस वीडियो में हिंदी में समझाया गया है। एंजेल इन्वेस्टर्स और वेंचर कैपिटलिस्ट किस तरह से स्टार्टअप बिज़नेस का मूल्यांकन करते हैं? स्टार्टअप बिज़नेस वैल्यूएशन एक विज्ञान से ज़्यादा एक कला है। डिस्काउंटेड कैश फ्लो (DCF) मेथड का इस्तेमाल करके या कम्पेरिज़न मल्टीप्लाईज़ जैसे PE ratio, PB ratio आदि के द्वारा मच्योर कंपनीज़ के वैल्यू की गणना की जाती है, जब एक स्टार्टअप कंपनी को लाभ या रेवेन्यू नहीं होता है। तो चलिए जानते हैं फंडिंग के लिए स्टार्टअप का मूल्यांकन करने के लिए इस्तेमाल किए जाने वाले पॉपुलर मेथड्स के बारे में। एक शुरुआती अर्ली स्टेज स्टार्टअप का मूल्यांकन एंजेल इन्वेस्टर्स द्वारा कैसे किया जाता है और ग्रोथ स्टेज कंपनी वेंचर कैपिटल इन्वेस्टर्स या प्राइवेट इक्विटी इन्वेस्टर्स द्वारा कैसे एवैल्यूएट किया जाता है। Subscribe To Our Channel and Get More Finance Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g To access more learning resources on finance, check out www.assetyogi.com In this video, we have explained: In this video, we have explained: How startup businesses are evaluated? Which methods are used for the valuation of startup companies? How investors do the valuation of early-stage startup business for funding? How new startups are valued with 5x ask method and exit valuation method? How can startups with no profits or revenues are valued by angel investors? How profitable & growth state startups are valued by investors? What is profit multiple and revenue multiple valuation methods for startup valuation? What are pre-money and post-money valuation? In this video, you will understand the main methods that are used by startup investors like, angel investors, venture capitalists and private equity investors before funding a startup company and how you can avoid any confusion during the funding. Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Twitter - http://twitter.com/assetyogi Instagram - http://instagram.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Linkedin - http://www.linkedin.com/company/asset-yogi Facebook – https://www.facebook.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video about “Startup Valuation Methods”.
Views: 19271 Asset Yogi
Magic Formula Investing Strategy (Buy Good Companies with Low Valuation)
 
03:59
https://www.diyinvesting.org/LittleBook The Magic Formula Investing Strategy is based on maximizing two value factors. Combining a high earnings yield and a high return on capital allows an investor to buy good companies with low valuations. The Magic Formula Investing Strategy was developed by Joel Greenblatt and highlighted in his book The Little Book that Beats the Market. The Magic Formula is designed to be easy to implement for all investors. Joel Greenblatt recommends that you rank all companies on return on capital and earnings yield. Both are necessary. Your goal is to buy good companies that are also cheap. Magic Formula Investing outperformed the S&P 500 index by 18% annually over the 17-year back-test period. In addition, the Magic Formula continued to outperform the market in the five years after the book's original publication date. You can read my full Book Review of The Little Book that Beats the Market by Joel Greenblatt on my website at www.DIYInvesting.org/LittleBook You can also find affiliate links to purchase the book on my website's book review page. This helps support me continuing to produce content. Thank you for your support. If you'd like to implement the Magic Formula Investing Strategy, I recommend you watch the next video in this playlist, "How to buy Joel Greenblatt's Magic Formula Stocks." In that video, I explain how I built an index to track the performance of the Magic Formula investing strategy. You can buy that index at: https://www.diyinvesting.org/magicformula (see disclosure) [Disclosure: If you buy my index of the Magic Formula, then I receive a small commission at NO additional cost to you. The commission is always $9.95 whether you buy my index/motif or build and manage your own. If you buy my index of the Magic Formula then $1 of that $9.95 goes to me. The remaining $8.95 is kept by the broker Motif Investing. I am NOT an affiliate of Motif Investing and they don’t individually endorse myself or this index.] Visit my website at www.DIYInvesting.org for education, tools, and resources to help make you a better investor.
Views: 257 DIY Investing
Amazon Stock Analysis - Value Investing School - Why Did Berkshire Buy!
 
13:28
Amazon Stock Analysis - Value Investing School - Why Did Berkshire Buy! Value comes in many forms, be it earnings, cash, dividends, real estate but also growth, ecosystem, moat and business model. VIDEO CONTENT 0:00 BRK BUYING AMZN 2:22 AMZN’s CASH FLOW 2:59 AMZN’s MOAT and GROWTH 5:27 Low WORKING CAPITAL 8:04 CASH FLOW VALUATION 8:57 BRK & AMZN 10:31 PRICE & VALUE 10:57 RISK & REWARD Want to know more about what I do? Full-time independent stock market analyst and researcher! STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio) https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Inexpensive monthly stock idea and analysis: https://sven-carlin-research-platform.teachable.com/p/stock-ideas-and-analyses-for-the-small-investor I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t Subscribe to my newsletter for a weekly content overview and articles with stock analyses: https://svencarlin.com Listen to Modern Value Investing Podcast: https://svencarlin.com/podcasts/ I am also learning a lot by interning with my mentors: dr. Per Jenster and Peter Barklin at the Niche Masters fund. http://nichemastersfund.com
Aswath Damodaran: "The Value of Stories in Business" | Talks at Google
 
01:31:29
The world of investing/finance is divided into two camps. In one, you have the number-crunchers, who believe that the only things that matter are the numbers and that imagination/creativity are dangerous distractions. In the other, you have the storytellers, who build on the stories they tell about companies and how these stories will bring untold wealth. Each side believes it has a monopoly on the truth and looks with contempt at the other. Prof. Damodaran contends that stories matter, but only if they are connected with numbers. And numbers are empty, unless they are connected with narratives. In this talk, he looks at the process by which one might build narratives, check them against reality and convert them into valuations. Uber and Ferrari examples are used to illustrate the process. Slides for the talk: https://goo.gl/zKVaQL Check out the book on Google Play: https://goo.gl/tnGlDe This talk was moderated by Saurabh Madaan.
Views: 110389 Talks at Google
Aswath Damodaran – Declining companies and stock buybacks (Nordic Business Forum 2018)
 
01:08
Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University.  He teaches the corporate finance and valuation courses in the MBA program. He received his MBA and Ph.D from the University of California at Los Angeles. His research interests lie in valuation, portfolio management and applied corporate finance. He has published in the Journal of Financial and Quantitative Analysis, the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies. He has also written four books on valuation (Damodaran on Valuation, Investment Valuation, The Dark Side of Valuation, The Little Book of Valuation), and two on corporate finance (Corporate Finance: Theory and Practice, Applied Corporate Finance: A User’s Manual). —— This presentation took place at Nordic Business Forum 2018 on 26.-27. September in Helsinki, Finland. The event gathered together 7500 CEOs, top executives, and entrepreneurs from over 40 countries. —— Nordic Business Forum 2019 will take place in Helsinki, Finland on 9 – 10 October. Tickets for Nordic Business Forum 2019: http://www.nbforum.com/2019 Website: http://www.nbforum.com Facebook: http://www.facebook.com/nbforum.fi Twitter: http://www.twitter.com/NBForumHQ Instagram: http://instagram.com/NBForumHQ LinkedIn: https://www.linkedin.com/company/nordic-business-forum
RICS Valuations Conference | Changes to the red book
 
36:55
Ben Elder discusses changes to the Red Book at the RICS Valuations Conference 2018. Conference: http://bit.ly/2prYDwC
Views: 2823 RICS
Benjamin Graham, the Father of Value Investing
 
14:47
The third lecture in our series focusing on famous investors. This lecture focuses on Benjamin Graham, the father of value investing. We explore the key concepts that Graham set out in his book "Security Analysis"
Views: 82718 StockViews
5. Warren Buffett Stock Basics
 
19:31
Download Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: http://www.amazon.com/gp/product/0982967624/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0982967624&linkCode=as2&tag=pypull-20&linkId=EOHYVY7DPUCW3WD4 http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1939370159&linkCode=as2&tag=pypull-20&linkId=XRE5CA2QJ3I2OWSW In lesson five, we learned that Warren Buffett has four rules that he uses for investing in stocks. All the rules must be met in order for him to purchase shares of a company. Those four rules are the following: Rule 1: A stock must be stable and understandable Rule 2: A Stock must have long term prospects Rule 3: A Stock must be managed by vigilant leaders Rule 4: A Stock must be undervalued We also learned a very basic valuation technique that Warren Buffett used when he worked for Benjamin Graham. The technique multiplies the P/E ratio by the P/BV ratio and the result needs to be lower than 22.5. A key fundamental of Warren Buffett stock basics is the idea that the stock market is nothing more than a location where he can buy or sell his shares. The market only provides a platform for him to purchase undervalued companies. He always buys on the assumption that they stock market could close tomorrow and not open for five years ñ and it would have no impact on his decision to buy a particular company. Finally, we learned that Warren Buffett possess great patience. He never tries to make enormous gains, but instead consistent gains at reasonable levels. He always thinks for himself and always determines the value of a stock based on what HE thinks a company is worth - not the market.
Views: 735367 Preston Pysh
Aswath Damodaran – Story and valuation (Nordic Business Forum 2018)
 
00:37
Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University.  He teaches the corporate finance and valuation courses in the MBA program. He received his MBA and Ph.D from the University of California at Los Angeles. His research interests lie in valuation, portfolio management and applied corporate finance. He has published in the Journal of Financial and Quantitative Analysis, the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies. He has also written four books on valuation (Damodaran on Valuation, Investment Valuation, The Dark Side of Valuation, The Little Book of Valuation), and two on corporate finance (Corporate Finance: Theory and Practice, Applied Corporate Finance: A User’s Manual). —— This presentation took place at Nordic Business Forum 2018 on 26.-27. September in Helsinki, Finland. The event gathered together 7500 CEOs, top executives, and entrepreneurs from over 40 countries. —— Nordic Business Forum 2019 will take place in Helsinki, Finland on 9 – 10 October. Tickets for Nordic Business Forum 2019: http://www.nbforum.com/2019 Website: http://www.nbforum.com Facebook: http://www.facebook.com/nbforum.fi Twitter: http://www.twitter.com/NBForumHQ Instagram: http://instagram.com/NBForumHQ LinkedIn: https://www.linkedin.com/company/nordic-business-forum
25 INVESTING TIPS FROM RAY DALIO's NEW BOOK
 
15:26
25 INVESTING TIPS FROM Ray Dalio that is out with a new book to help us prevent crises. But, he is first and foremost an investor. From his book I derived 25 investing thoughts that I think will help us all invest in stocks. What do I do? Full-time independent stock market analyst and researcher! STOCK MARKET RESEARCH PLATFORM (analysis, stocks to buy, model portfolio): https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Check the comparative table on my Stock market research platform under curriculum preview! I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More at the Sven Carlin blog: https://svencarlin.com Stock market for modern value investors Facebook Group: https://www.facebook.com/groups/modernvalueinvesting/
Joel Greenblatt: Valuing Stocks, Decline Of Active Management and Portfolio Structure (2018)
 
59:28
A interview and Q&A with value investor and author, Joel Greenblatt. In this interview, Joel discusses how he values a business and the value investment strategy. Joel also talks about the decline in money being managed by active managers and how he weights and sizes stocks in his portfolio. 📚 Books by Joel Greenblatt and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Value Investor videos:⬇ Seth Klarman on Value Investing, Investment Strategies and Advice for Success:http://bit.ly/SKVid Billionaire Prem Watsa: Value Investing Philosophy and Strategy: http://bit.ly/PWVid1 Video Segments: 0:00 Introduction 2:36 S&P 500 and valuation 6:08 Value investing 9:14 The market will agree with good valuation work 10:53 Valuing businesses 16:46 Why is it so hard to do? 18:25 Independent thought and active management 29:40 Mutual fund flows 34:32 Start of Q&A 34:58 Dispersion of opportunities in today's environment? 36:57 Handling emotional aspects of investing? 44:30 Special situations today? 48:15 How do you weight valuation metrics? 48:56 How do you go about sizing? 51:06 Value vs growth? 51:58 What percentage of your portfolio would be international? 53:45 Role of human beings in your process? 57:36 Testing your strategy? Joel Greenblatt Books 🇺🇸📈 (affiliate link) The Little Book That Still Beats the Market:http://bit.ly/TheLittleBookJG You Can Be a Stock Market Genius:http://bit.ly/StockMarketGenius The Big Secret for the Small Investor:http://bit.ly/BigSecretSmallInvestor Joel Greenblatt’s Favourite Books🔥 Value Investing: From Graham to Buffett and Beyond:http://bit.ly/ValueInvestingJG New Finance:http://bit.ly/NewFinanceJG The Essays of Warren Buffett:http://bit.ly/TheEssaysofWB Interview Date: December 2018 Event: CFA Distinguished Speaker Series Original Image Source:http://bit.ly/JGreenblattPic4 Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising. #InvestorsArchive
Views: 23219 Investors Archive
Valuation DCF Case Study
 
38:01
In class today we went through a DCF case study example. This was similar to a portion of a bulge bracket bank final round case one of our past students had provided for us. My fourth book coming out this month will be pages of similar case studies increasing in difficulty to best prepare a candidate for investment banking interviews. https://www.amazon.com/Technical-Interview-Investment-Banking-Website/dp/1119161398/ref=sr_1_4?ie=UTF8&qid=1486645420&sr=8-4&keywords=pignataro
Views: 12155 Paul Pignataro
CH 3 Questions - Discounted Cash Flow (DCF) Model, Investment Banking Valuation Rosenbaum
 
19:45
Once you’ve watched the full CH3 video and learned how to build a DCF model, test your knowledge with these 15 questions! I walk through the examples and tie what we learned in the chapter video to these questions. So what did we learn? - How do you project revenues for a DCF model? - How many years do you project cashflows for? - What is the exit multiple method? - What is the perpetuity growth method? - How do you project EBITDA for a DCF model? - How do you project EBIT for a DCF model? - How do you project the NWC for a DCF model? - What is the mid-year convention? - How do you calculate unlevered free cash flow? For those who are interested in buying the Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum and Joshua Pearl, follow the Amazon link below; https://www.amazon.ca/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118656210 If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles
Views: 1809 FinanceKid