From Class Rooms to Class Zooms: Teaching During COVID Times!

Coverage: This class is about attaching a number to an asset, item or investment, and given that broad mission, it draws a contrast between valuing and pricing an investment and develops the tools of each approach, with intrinsic and discounted cash flows determining value, and multiples/comparable assets driving pricing.

(1) To value and price publicly traded companies, small and large, young and old, developed and emerging markets, as an investor.

(2) To value and price privately owned and non-traded businesses

(3) To value and price stand-alone assets

(4) To price collectibles

Intended audience: Investors of every stripe, from individuals to venture capitalists to fund managers, equity research analysts, value consultants and financial managers at public companies.

Structure: The class begins with an examination of broad themes that animate valuation and pricing, and then spends a significant portion of time in the weeks of intrinsic value, talking about cash flows, growth and risk, before moving on to pricing and real option valuation. Along the way, we will look at valuation through different perspectives (investors, acquirers, managers).

Coverage: This class is designed to provide you with a menu of investment philosophies, from old-time value investing to day trading, with descriptions of the market beliefs that underlie each one, the historical evidence on how well each philosophy as performed, as well as the skills and strengths you will need to make that philosophy work.

Objective: To find the investment philosophy that is right for you, given your risk preferences, strengths and personal make up.

Intended audience: Investors of all types, from individuals to professionals, novice to experienced and young to old.