by Erik Kobayashi-Solomon | Sep 22, 2017 | Research
We’ve been soliciting comments from professional investors regarding the Framework article we published the other day regarding the proper rate at which to discount cash flows when valuing a company’s…
by Erik Kobayashi-Solomon | Sep 20, 2017 | Research
Discard CAPM – There Is a Better Way to Think About Cost of Equity The first rule of modern finance – that a dollar today is worth more than a…
by Joe Miramonti | Sep 15, 2017 | Research
Having previously worked together on an investment based on the possible merger of Bayer and Monsanto, Framework Investing and The Brier Fund began a new experiment in mid-August with an…
by Erik Kobayashi-Solomon | Sep 15, 2017 | Research
At last night’s Office Hours, we went through a presentation with my detailed analysis of the arguments made by JP Morgan’s analyst C. Stephen Tusa, Jr., CFA regarding a company…
by Erik Kobayashi-Solomon | Sep 13, 2017 | Research
Speaking with a hedge fund manager in Princeton last week, he commented “There is probably no other large firm that has as much negativity surrounding it as GE.” Indeed, the…
by Erik Kobayashi-Solomon | Sep 11, 2017 | Research
Last week, Erik attended the 2017 Latticework Investment Conference, put on by Shai Dardashti and the good people at Manual of Ideas. The speakers and participants were value-oriented professional and…
