9 Rules for Digital Valuation (Asia Tech Strategy – Daily Lesson / Update)

I’ve covered three topics that relate to digital valuation: DCF Discount rates and Cost of Capital Growth, ROIC / RONIC and value Plus I did an aside on Seth Klarman and his counter-strategy to growth investing. Seth Klarman and When to Ignore Growth in Digital (Asia Tech Strategy – Daily Lesson / Update) I thought […]

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Growth, ROIC / RONIC and Growth + Sales in Digital Valuation (Asia Tech Strategy – Podcast 102)

This week’s podcast is about growth and how it relates to value and valuation. ROIC vs. RONIC is an important part of separating past and continuing value. You can listen to this podcast here or at iTunes and Google Podcasts. —— Related articles: Valuation Like Warren Buffett in 1 Slide (Asia Tech Strategy – Daily Lesson / Update) […]

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An Intro to Discount Rates and Cost of Capital for Digital Valuation (Asia Tech Strategy – Daily Lesson / Update)

In podcast 101 (Why DCF Sucks for Digital Valuation), I went through how I use DCF for digital valuation. And I basically argued that much of DCF thinking is a ridiculous attempt at a precision that is not actually possible. As an example, I talked about how projecting my weight vs. my happiness into the […]

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Why DCF Sucks for Digital Valuation. (Asia Tech Strategy – Podcast 101)

This week’s podcast is about how to apply DCF in valuations of digital companies. You can listen to this podcast here or at iTunes and Google Podcasts. For the tennis ball story, here are the slides. For DCF, here is my approach: Standard thinking on DCF: –—- Related articles: Valuation Like Warren Buffett in 1 Slide (Asia […]

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An Intro to Digital Valuation (Asia Tech Strategy – Daily Lesson / Update)

I have been expanding from digital strategy to digital valuation as a topic. I recently summarized (briefly) how I do valuation long hand (i.e., pen and paper) with one form. That was in: Valuation Like Warren Buffett in 1 Slide (Asia Tech Strategy – Daily Lesson / Update) But the relevant slide from that article […]

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Why Revenue Scale and Operating Leverage Are Different for Software vs. AI. (Asia Tech Strategy – Podcast 69)

This week’s podcast is about revenue scale and operating leverage in traditional companies vs. software vs. AI. And these things can be really different. Especially software vs. AI. You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya. Here are the three factors I mentioned that interact for operating leverage: Revenue Operating profits Economic […]

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