09 novembro 2018

18 tópicos de finanças mal explicados


1. Where does the WACC equation come
2. The WACC is not a cost
3. The WACC equation when the value of debt is
not equal to its nominal value
4. The term equity premium is used to designate four different concepts
5. Textbooks differ a lot on their recommendations regarding the equi
ty premium
6. Which Equity Premium do professors, analysts and practitioners use?
7. Calculated (historical) betas change dramatically from one day to the next
8. Why do many professors still use calculated (historical) betas in class?
9. EVA does not measure Shareholder value creation
10. The relationship between the WACC and the value of the tax shields (VTS)
11. Beta and CAPM do not explain anything about expected or required returns
12. Difference between the expected and the required rates of return
13. It has been very easy to beat the S&P500 in 2000-2018
14. Apply the logic principle “
Never buy a hair growth lotion from a man with no hair
” to your investment
advisors... and to your professors
15. Rational investing in equities
16. Volatility
is a bad measure of risk.
17. About the unhelpfulness of the Sharpe ratio.
18. Common errors in portfolio management and wrong advice

Fernandez, Pablo, 18 topics badly explained by many Finance Professors (October 20, 2018). 

Resultado de imagem para bullshit

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