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)
Tag: tsla
1Q 2018 Performance Letter
Since the Markets are closed on Good Friday, I will take this time to send out my Q1 2018 Letter. I will go over the returns for both the Voyager Fund and the SteadFast Fund for the most recent quarter. I also want to start a tradition of putting a quote that I find meaningful … Continue reading 1Q 2018 Performance Letter
A Short Post on A Short Position
For the sake of record keeping, this post marks the 50th post of this website, which is something I consider a success in terms of hoping to create a pool of information and resources for those who are interested in my investing philosophies and results. This is a short and sweet piece about a short … Continue reading A Short Post on A Short Position
The Market Plunger 