Meet The Team
The EV/EBITDA multiple is among the most popular techniques to value businesses. Applied properly, EV/EBITDA can be a very helpful tool. But a naive use of EV/EBITDA leads to valuation mistakes.
Source: BlueMountain Investment Research
The role of credit in ﬁnancial bubbles is theoretically ambiguous. On the one hand, it may help rational arbitrageurs to trade against a bubble; on the other hand, it may enable naive speculators to buy overvalued assets.
Source: Stanford University
Professor Richard Zeckhauser, of Harvard University, discusses investments with unique characteristics. Namely, that they deal in the unknown and unknowable.
Source: Harvard University
Michael Mauboussin and team introduce a systematic framework for measuring the magnitude and sustainability of value creation, or moat, of a business.
Source: Credit Suisse
After over a decade of underperformance, investors wondered if value investing was dead...in the 1930s.
Source: O'Shaughnessy Asset Management
How did this small valley in central California come to be one of the world's greatest centers of innovation?
Source: Cambridge University
Learn about the Software as a Service business model and how to approach a valuation.
Source: Andreesen Horowitz
See what the relationship between presidential elections and markets has been through time.
Source: Winton Research
Investor Ray Dalio discusses the history of shifting financial markets, how paradigms develop and recur, and how to use the past to attempt to understand the future.