Valuation masterclass
In this 700-page document you'll learn:
▪️How to value a company
▪️How to calculate ROIC
▪️The (dis)advantages of the PE Ratio
▪️The (dis)advantages of the EV/EBITDA
▪️How to a DCF
▪️The dangers of a DCF
▪️General thoughts on valuation
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"but my machine learning model can forecast asset prices!"
stationarity is one of the most important concepts in probability and statistics
the essence of its meaning is that the specific pattern you are trying to understand is constant in a probabilistic sense