3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP346: Masterclass in Valuation w/ Chris Bloomstran

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Normalization Process for Defining Benefit Plans

There aren't a lot of companies anymore that have defined benefit plans, but those that do in cases where they're material. The process that I use kind of normalizes what will be the cash going out the door from the corporation to fund the pension fund. It essentially says, look, you have a plan that's underfunded by several billion dollars.

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