Investment Perspectives

Seven Factors Impacting Business Valuation

Seven Factors Impacting Business Valuation
Determining the value of a business is far from a straightforward discounted cash flow calculation. Regardless of whether a business owner relies on themselves, their management team, or a third party appraiser for conducting a business valuation, the exercise requires a thorough examination of the company's balance sheet, customer base, growth prospects, intangible assets, and other factors to arrive at… read more →

Defending the Castle

Defending the Castle
"In business, I look for economic castles protected by unbreachable 'moats'." -Warren Buffett   Warren Buffett has long preached investing in businesses one understood, not only in terms of what the business does but also in terms of the predictability of the long term economics of the industry. Accordingly, in assessing the width of the "moat" he speaks to enduring… read more →

Micro Size It

Micro Size It
Driving into to work this morning, I was listening to CNBC's Squawk Box which, on this particular morning, featured a well-respected financial advisor providing his long term insights on the economy and equity markets. To summarize, he projects tepid GDP growth for the next several years and by extension, believes this will correlate with modest equity market performance. Whether his… read more →
1 of 2
12