Session 1 (Val MBAs): Valuation - Broad Themes and Logistical Details

In this, the first session of the valuation class, I told you that that this was a class about valuation in all of its many forms – different approaches (intrinsic, relative & contingent claim), different forums (for acquisitions, value enhancement, investing) and across different types of businesses (private & public, small and large, developed & emerging market). I also laid out the broad themes in the class - that valuation is a craft (that requires constant work), that valuing something can yield a different number from pricing that same thing, that a good valuation is a bridge between stories and numbers and finally, that acting on a valuation requires faith. Start of the class test: https://pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/tests/firstclass.pdf Syllabus: https://pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/eqsyllspr24.pdf Post class test: https://pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session1test.pdf Post class test solution: https://pages.stern.nyu.edu/~adamodar/pdfiles/eqnotes/postclass/session1soln.pdf

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