The Art & Science of Investing
4.2 (4 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
34 students enrolled

The Art & Science of Investing

Business Valuation - Part I
4.2 (4 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
34 students enrolled
Last updated 7/2020
English
English
Current price: $41.99 Original price: $59.99 Discount: 30% off
5 hours left at this price!
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This course includes
  • 3 hours on-demand video
  • 28 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • Make better investment decisions. Understand value vs price. Appreciate the Time Value of Money.
  • Understand Returns, Cash Flows, Real Options.
Requirements
  • A keen desire to Invest With Confidence. Desire to make sound, independent decisions.
Description

Welcome. Thank You for your time.

Is Good Investing an ART...or a  SCIENCE?  Or, is it SHEER,  DUMB LUCK?


Sound valuation is the foundation of good investing.

PRICE IS WHAT ONE PAYS:    VALUE IS WHAT ONE RECEIVES!

If I do not understand what a company is worth, how can I decide whether to buy or sell?

Business Valuation - Part I is the first of a two-part course.

This course explains the basics which are essential to become a successful investor.

         

The focus is on what you can use in real life, theory + implementation.

Several short tests & a final assignment ensure that you enjoy the course & are actively involved.

Extra resources include my articles, links to videos, as well as spreadsheets with formulae & step-by step calculations.

Additional matter will be uploaded over time, as I publish new (relevant) articles, videos etc.

Enjoy, & may your investments be profitable!

Who this course is for:
  • Students of financial management & finance professionals.
  • Non-finance professionals who want to complement their technical knowledge with skills in financial management.
Course content
Expand all 21 lectures 02:59:46
+ The Foundation
11 lectures 01:22:59

The importance of Business Valuation. It can be tricky!

Preview 09:19

Introduction

Lecture 1
3 questions

Outline of the Course

Course Plan
03:05

How much is a business worth? What is the basis of good valuation?

What Is A Business Worth?
03:16

Return on Investment. Different types, each with a different meaning.

Preview 08:03

Return on Investment: some non-discounted methods. These do not consider Time Value of Money.

Non-Discounted Returns
10:27

Non-Discounted Returns

Lecture 5
2 questions

Discounted Payback Period

Discounted Returns.....Discounted Payback Period
08:19

Discounted Returns. Net Present Value (NPV)

Discounted Returns.....NPV
05:41

Discounted Returns.....NPV

Lecture 7
6 questions

Discounted Returns. Internal Rate of Return (IRR). That rate at which NPV = 0.

Discounted Returns - IRR
05:00

Discounted Returns - IRR

Lecture 8
4 questions

Components of Cost of Capital. Types of Capital. Cost of Debt & Preference Capital

Cost of Capital - Components
11:21

Cost of Capital - Components

Lecture 9
2 questions

Cost of Equity Capital.

Cost of Capital - Components: Equity Capital
13:57

Cost of Capital - Components - Equity Capital

Lecture 10
6 questions

Weighted Average Cost of Capital (WACC)

Cost of Capital - WACC
04:31

Cost of Capital - WACC

Lecture 11
4 questions
+ Principles of Valuation
7 lectures 01:03:26

Principles of Valuation

Principles of Valuation
04:59

Time Value of Money. Its components & meaning.

Time Value of Money (TVM)
07:26

TVM

Lecture 13
4 questions

Nuances of compounding & discounting.

Preview 05:12

Important Notes on Compounding & Discounting

Lecture 14
2 questions

Four Main Methods of Business Valuation.

Four Methods of Business Valuation
09:24

Cash Flows are Vital. Operating Cash Flows are Paramount.

Understanding Cash Flows
13:30

Understanding Cash Flows

Lecture 16
4 questions

NPV & IRR in depth. When in doubt, choose NPV.

NPV vs. IRR
15:09

NPV vs. IRR

Lecture 17
12 questions

Modified Internal Rate of Return (MIRR)

Enter MIRR
07:46

Enter MIRR

Lecture 18
5 questions
+ Real Options. Putting it all together
3 lectures 33:21

Real Options. Definition & example.

What are Real Options?
06:15

What are Real Options?

Lecture 19
3 questions

Solution to the Real Option Illustration. Decision Tree also explained.

Real Option Illustration - Solved
16:49

Master Illustration to wrap it up.

Master Illustration
10:17
A comprehensive exercise to sharpen your skills. Please attempt on your own before you look at the solution. Best wishes.
Valuation & Decision Making
1 question