DCF Model

topic on 2 shows · 4 statements across 4 episodes

20VC Capital Allocators

4 statements about DCF Model, every show

Black: Asset managers should focus on business culture over DCF models
“Our business worships At the modeling of discounted cash flows on businesses, and everyone thinks the magic is in the DCF, and very, very little of the magic is there. That's just a tool, and that tool's only as good as the input. So, from my perspective, I th…”
Paul Black Dec 20, 2021 ▶ 1:04:13 Paul Black and Mike Trigg – How to Build a $100B Money Manager (Capital Allocators, EP.227)
20VC Assertion Not checkable as stated
Gurley: Near-zero interest rates break DCF models and drive market speculation
“Clearly the one thing that's different from the past 102 hundred years are near zero interest rates, maybe below zero real rates across the globe, and, you know, technically your DCF model just Blows up. It doesn't work, right? It doesn't solve. And at the ver…”
Bill Gurley Jan 4, 2021 ▶ 5:42 20VC: Bill Gurley and Howard Marks: What Happened In 2020? What Can We Expect Looking Forward to 2021?
Bushey: Learning rudimentary DCF modeling in school has little real-world application
“Spending like a year of your life learning how to make a very rudimentary DCF model doesn't really apply in the real world so much.”
Tom Bushey Dec 3, 2018 ▶ 9:00 Tom Bushey – Launching a Hedge Fund (Capital Allocators EP.78)
Black: DCF models provide zero competitive advantage for investors
“Most people spend 95% of their time crunching numbers, running DCF models, which by the way, has zero competitive advantage, because you have thousands upon thousands of people doing the same work.”
Paul Black May 7, 2018 ▶ 22:05 Paul Black - Gratitude, Fun, and Growth Stocks (Capital Allocators, EP.51)

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