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The discounted cash flow approach is particularly applicable for infrastructure-type businesses or for asset-based companies with finite cash flows and limited terminal value, such as those engaged in shipping, satellites and drug royalties. Next time you come across a transaction involving a company with these characteristics, do something extraordinary: run an APV.
The Private Equity Toolkit
Tamara Sakovska
CAROLYN STRAUSS: As difficult as my departure was, the truth is none of these jobs lasts forever. You have to be an idiot to think that you’re going to be in any chair your whole life. I think of Mike as my family. I think as difficult as that was, I couldn’t love Mike more.
Tinderbox
James Andrew Miller
They kind of care about money, but mostly they wish you would shut up and be civil.
I've Now Been Asked Mult...
@yishan on Twitter
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