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Accountants, investors, and many large corporates around the world use the discount rate as the go-to metric for pricing any asset that...

(In the spirit of celebrating national day...) If there was ever a modern day HBS corporate case study that highlights the resilience of...

On 24 June, Singapore Airlines completed the full redemption of all its outstanding MCB (mandatory convertible bonds) that had been...

"This is the nature of capitalism, get over it." - Kevin O'Leary After nearly two decades of being in finance I still don't think I...

I love Shenzhen. I like its wide city roads that are peppered with electric taxis. There are virtually so many electric cars on the...

The study of capital markets has always been both intriguing and amusing to me. A lot of its theories are backed by mathematics and...

When the world surprises the hell out of you and leaves you at the mercy of cash flows, anything and everything goes.

"Do you know how big is a billion? Just imagine every person tossing a coin at you at the same time." This was how one of my flatmates...

For years, practitioners in the industry have understood, accepted and have been taught that equity holders stand behind debt holders...

Curating and designing the short-term narrative towards a high value sometimes comes at a cost.

I always have had interesting conversations around the assumption and concept of terminal value (TV) in my valuation and financial...

HKIA isn't what it used to be in the old days. No crowds. Only a handful of shops open. Lounges are dead. HKIA used to be a humdrum of...

I recently rewatched SBF being interviewed on the David Rubenstein show - "Why do so many young people seem so attracted to crypto... it...

This is not a post about I told you so. It is about trying to understand how easily we can get carried away with mimetic desire and FOMO....

In 2017, I flew to Riyadh for the first time ever to attend the Future Investment Initiative (FII) conference. This was Saudi Arabia’s...

“Soldiers all around the world behave in the same way once they put on their helmets and the uniform.”

Whenever I approached the close of my financial modelling course, I always did a simple roll-call to call for feedback from everyone in...

So, none of this makes sense anymore. For a long time, offshore financing - which was predominantly priced off the LIBOR or overnight...

If the Central Banks got it wrong on monetary policy, can we also assume that the valuation models that we have done and relied on for...

To understand and decide whether bitcoin is a good store of value, consider real estate, commodities and other asset classes. Real estate...