Value Investing Where Joel Greenblatt sees value now |
- Where Joel Greenblatt sees value now
- Interview with Howard Marks [1hr]
- Fund Portfolio Construction
- How much of your time do you spend / waste studying companies that you consider to be wildly overvalued? I have what may be a bad habit of enjoying watching other investors act stupid.
- Books & Biographies
- OPM model question
| Where Joel Greenblatt sees value now Posted: 26 Feb 2019 06:37 PM PST |
| Interview with Howard Marks [1hr] Posted: 26 Feb 2019 04:27 PM PST |
| Posted: 27 Feb 2019 01:58 AM PST Hi all, I am looking for resources/insights into the portfolio construction process at asset management firms / funds. Anything academic -or any deep dives from PMs (or insights from this sub)- would be really helpful. In particular, I am looking to learn more about how you get from having a variety of pitches from different sector teams, and distilling this information into a reasonably concentrated portfolio. What constraints to PMs typically put on their sector exposures? How do they measure conviction? Any help much appreciated! Thanks [link] [comments]  |
| Posted: 26 Feb 2019 06:23 AM PST |
| Posted: 26 Feb 2019 08:42 AM PST I've been reading a lot of biographies/memoirs lately, and I've gone through some of the most popular ones I could find. I was wondering if anyone here could recommend some other biographies/memoirs that were the most enlightening to them? I'm specifically interested in biographies/memoirs of people that have started/operated/involved with running a business, but I'm open to other suggestions as well. Thanks! I've read these ones so far:
[link] [comments]  |
| Posted: 26 Feb 2019 03:53 PM PST Quick question, I have started using Option Pricing Models in the Waterfall calculation on a private company that is currently at Series D and has Preferred return thresholds, common, and options/warrants. Here is my issue, when I run this model at any total EV (say midpoint where only D and C should be paid), it appears to totally disregard the preferred preferences and just allocate proceeds along a line consistent with my breakpoints (and the related % share distributions). Isn't the model supposed to calculate accurately what the proceed distribution should be based on the related breakpoint and the funds to be distributed at that breakpoint? (so series D first up to x dollars and the to series C up to y dollars?) I think I am missing the point of the OPM, is it just to allocate along the entirety of the share pool and make note of what "value" is attributable to each tranche? OR can it actually calculate the proceeds to be distributed based on any given scenario? As a reference point, if you download the OPM from WSO, you can basically use that as a proxy for what I am essentially using. Mine is slightly more complex, but ultimately comes back to the same basic math to calculate the Call Option price per tranche and allocate across the capital structure. I appreciate any insight anyone here might have! [link] [comments]  |
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