The Great Valuation Game: Creating the illusion of expertise

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The valuation profession understandably promotes the idea that a “valuation” represents an independent, objective (and presumably unbiased and reliable) estimate of the price at which a capital asset would sell for in a market transaction….

Avast! Are we not valuation analysts? No. We are valuation assumers.

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Those in the sub-discipline of the finance profession employed in estimating values of privately-held and -traded capital assets refer to themselves by a fascinating array of–sometimes dyseuphonic–titles including business appraisers, valuers, valuators, valuation advisors, valuation…

What all finance professionals need to know about international cost of capital

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In his book, “A Theory of Global Capitalism: Production, Class, and State In a Transnational World” published in 2004, the well-known sociologist William I. Robinson documents the how increasing global capital mobility has resulting in a reorganization…

International cost of capital estimation

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You are a well-trained finance professional working in a globalized capital market environment. You need to know the basics of estimating international cost of capital. All that is required to develop accurate, reliable estimates of international…