The Meb Faber Show - Better Investing cover image

Michael Mauboussin, Counterpoint Global – Everything Is a DCF Model (The Best Investment Writing Volume 6)

The Meb Faber Show - Better Investing

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Using Multiples to Value a Financial Asset

valuation using multiples does not avoid the drivers of long term cash floes, but rather obscures them. Williams argues that it is better to make your assumptions explicit and debate them to make them implicit and ignore them. It is hard to value companies that have negative net income. Nearly forty per cent of companies in the united states had negative net income in 20 20.

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