Month: September 2022

By Iris An Sitting in the 21st Avenue coffee shop with my pumpkin spice latte, I opened my next week’s reading assignment for BUSA 3710 and found myself staring at six articles about Starbucks—in a Starbucks (the irony of this weekend study mode  was not lost to me). As its name indicates, BUSA 3710: Corporate Valuation is a course introducing the methods of intrinsic, relative, and contingent valuation. Like Aswath Damodaran, the “dean of valuation,” once said, “A craft is a skill that you learn by doing. The more you do, the better you get.” Valuation is a craft that…

By Iris An At dawn on August 14, just as daylight swept over Mumbai, Jhunjhunwala, the veteran trader-cum-investor, known as the Big Bull of Dalal Street, passed away following a cardiac arrest. At the funeral ceremony, Gautam Adani, who had just overtaken Bill Gates and become the world's third richest man in August, expressed his shock and sadness, calling Jhunjhunwala India's “ace investor” and “the most legendary investor that India has had.”  Unprecedentedly for any financial practitioner, India exercised the highest tribute by placing the memorial service for Jhunjhunwala at the Bombay Stock Exchange (BSE India). Prime Minister Narendra Modi…