The hottest Asset Valuation Substack posts right now

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Toys for Billionaires: Sports Franchises as Trophy Assets!

Musings on Markets • 879 implied HN points • 25 Aug 23
💼 Business Finance Investing Asset Valuation
  1. Sports franchises are now seen as trophy assets, where owners often care more about the prestige of ownership than making a profit. This trend makes buying teams feel more like collecting than investing.
  2. The prices for sports teams have skyrocketed in recent years, often without clear ties to their financial performance or success on the field. This disconnect means teams can be seen as overpriced compared to their actual value.
  3. As ownership of teams shifts to extremely wealthy individuals, the dynamics of sports may change. Owners might prioritize star players for their fame, reshaping how teams are built and how fans experience the games.

Value Investing III: Requiem, Rebirth or Reinvention?

Musings on Markets • 0 implied HN points • 23 Oct 20
💰 Finance Investing Market Analysis Risk management Asset Valuation Investment Strategies
  1. Value investing has become too strict and doesn't adapt to new businesses, especially in tech. This has caused some investors to miss great opportunities.
  2. It's important to understand the difference between value and price when investing. These concepts are different and need different ways to look at them.
  3. Investing isn't about being morally right; it's about making smart choices. Value investors should respect other investing styles and learn from them to improve their own strategies.

A Viral Market Meltdown V: Back to Basics!

Musings on Markets • 0 implied HN points • 31 Mar 20
💰 Finance Market Analysis Investment strategy Economic Trends Asset Valuation Corporate Finance
  1. The market is experiencing a lot of ups and downs, with some recovery seen recently. However, many global indices are still down significantly compared to earlier this year.
  2. Investors should go back to basic evaluation strategies during this unpredictable time. It's important to assess potential company shakeups and their financial health rather than solely relying on past data.
  3. The survival of companies is at risk, especially those with high debt or poor earnings. The post-crisis market might look very different as new winners and losers emerge.

Storied Asset Sales: Valuing and Pricing "Trophy" Assets

Musings on Markets • 0 implied HN points • 15 Aug 15
💼 Business Asset Valuation Investment strategy Corporate Finance Market Analysis Mergers & Acquisitions
  1. Trophy assets are unique and rare, often gaining value from their scarcity, history, or recognition. This means they can be very desirable when they go up for sale.
  2. These assets usually generate cash flow, making them more like traditional investments rather than just collectibles. Their value can be assessed based on their potential earnings.
  3. When people label an asset as a trophy, it can suggest that buyers might be paying a premium due to emotional reasons, rather than just financial ones. Sometimes, this is justified if the asset offers future growth or synergies.

Catastrophe and consequences for value

Musings on Markets • 0 implied HN points • 22 Mar 11
💰 Finance Market Analysis Risk management Investment strategy Economic Impact Asset Valuation
  1. Natural disasters can change how we think about risk over long periods of time. We often base our expectations on past events, which might not be enough for rare but powerful situations.
  2. Experts often seem surprised by big events, even though they are supposed to know what to expect. This makes us question what we really mean by 'expertise' when big surprises keep happening.
  3. After a disaster, companies and investors face big challenges in managing risk. It's harder to prepare for unpredictable events, and these events can seriously affect the value of businesses and the market.
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