Kaoboy Musings

Kaoboy Musings

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Kaoboy Musings
Kaoboy Musings
Re: Mental Models-Financial Assets As Levers.

Re: Mental Models-Financial Assets As Levers.

It feels like the markets are about to encounter a major regime shift, so I thought I would write about how I think about valuation frameworks in terms of LEVERS.

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Michael Kao
Dec 05, 2021
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Kaoboy Musings
Kaoboy Musings
Re: Mental Models-Financial Assets As Levers.
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The other day, this Musing invited some questions:

Let’s briefly go back to business school and touch on the basic DCF (Discounted Cash Flow) equation, where i = interest rate, CF = cash flow for period n, TV = terminal value at end of term t:

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