26/09/2021 Equity Valuation Intro to DCF 14 14 Investment Theory Capital Asset Pricing Model has limited application DCF only correct way to value a business But forecasting cash flows is extraordinarily difficult Even for those inside the business It’s...
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26/09/2021 Equity Valuation Intro to DCF 14 14 Investment Theory Capital Asset Pricing Model has limited application DCF only correct way to value a business But forecasting cash flows is extraordinarily difficult Even for those inside the business It’s next to impossible for an outsider Will go into this in more detail later 15 15 01 Intro 1
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