Why valuation methods disagree
DCF, multiples and dividends can tell different stories about one business. The Lennox study shows why the gap deserves attention before the average does.
Read the noteResearch notes
Notes on models
and decisions.
Short reflections from my finance and engineering projects: the assumptions that matter, the results that need questioning, and the next checks worth making.
When a portfolio brief has no feasible answer
The lowest-risk portfolio and the one least likely to miss a target solve different problems. Neither necessarily meets the brief.
Read the noteWhat a simulation can establish
A converged mesh helps establish numerical credibility. Choosing and validating a component requires more evidence.
Read the noteThese notes revisit dated project work. Reported financial estimates retain their original context; they are not updated market views.