Explaining the 3 ways to value a company
Good breakdown CJ -- I really like focusing on a DCF as multiples embed too many relevant economic assumptions; Michael Mauboussin captures this well here: https://www.morganstanley.com/im/publication/insights/articles/article_themathofvalueandgrowth_us.pdf and in his book Expectations Investing.
Why are valuations down?
Good breakdown CJ -- I really like focusing on a DCF as multiples embed too many relevant economic assumptions; Michael Mauboussin captures this well here: https://www.morganstanley.com/im/publication/insights/articles/article_themathofvalueandgrowth_us.pdf and in his book Expectations Investing.