MODERN VALUE INVESTING EXECUTIVE EDUCATION LONDON 

Course Description

​The course starts with a review of the basic valuation framework, emphasizing its connection with the standard DCF approach. Ours is a sum of the parts approach in that we first value what the existing operations of the firm can generate on a sustainable basis. Then we value the growth component. As emphasized already, a proper assessment of growth in the modern corporation requires “redoing the financials” as the treatment of intangibles is excessively conservative when it comes to well-established firms such as Adobe or Meta. We need to have a thorough understanding of the assumptions underlying most accounting norms so that we can redo the financials tactically, across different cases subject to the peculiarities of each. 

​Full Course Description and Syllabus

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Where & When

7 - 9 September
Convene, 22 Bishopsgate, EC2N 4BQ
​Space is Limited