When Models Fail: How Financial Models Subsidize Poor Valuation Work (TSLA & Ark Invest)

Valuation is a vital step in the process of investment analysis. Without proper valuation work, an investor cannot fully gauge the validity of their ideas. There are various tools investors have at their disposal in order to value companies, such as multiple valuation (EV/EBITDA), net asset value, sum-of-the-parts (SOTP), discounted cash flow (DCF), book value, … Continue reading When Models Fail: How Financial Models Subsidize Poor Valuation Work (TSLA & Ark Invest)