During the course and scope of our work as corporate finance advisors and researchers we have encountered a number of executives who struggle with their current methods of estimating business unit hurdle rates, and their methods of evaluating business unit portfolios. A number of these...

Reinsurance is often thought of as a mature, rather staid, industry. However, it has nevertheless been the subject of innovation over the past couple of decades, albeit from a purely financial perspective (e.g., catastrophe bonds, sidecars, “hedge fund re” start-ups, etc.). For a variety of...

Accurately estimating the cost of equity is a critical corporate finance capability, which has been the subject of significant research, the results of which have uncovered a number of practical insights, such as the analytical value of multiple factors. This insight is frequently leveraged in...

Purpose: This paper profiles the leadership and Financial Strategy principles of Henry E. Singleton, Ph.D., the late founder, Chairman and CEO of Teledyne Corporation. Design/methodology/approach: The main sources of this paper are a private study prepared by Leon G. Cooperman, founder, Chairman...

We wrote this book for two primary reasons. First, we would like to help people who desire to responsibly improve their financial position. Second, we would like to assist those who are trying to help others to develop better personal financial wellness skills. We hope that this book helps its...

Purpose: The books, "The Innovator’s Dilemma" and "Fooled by Randomness" were best-sellers, and both books’ authors rightly have legions of followers. Nevertheless, the dynamics each author analyzed so well continue to plague many executives. Why? Is there some way to close the analytical...

This paper profiles what I believe are core value investing general principles. In my work as a corporate financial and strategic advisor, I have observed a need for such an exposition because core value investing theory is not well understood by many corporate executives. Two anecdotal examples...

Today's executive faces a number of potential threats and opportunities which, in many ways, will help to determine who the corporate winners and losers will be in the coming years. Sixteen years ago, the United States government faced a number of threats following the tragic September 11th...

“Rationality” is a term that comes up often during investment conversations, and yet it has not been definitively defined. For example, economists and investors each use and define the term rationality differently. The objective of this note is to profile three general definitions of the...