Aswath Damodaran: Globalization Backlash
April 1, 2025
In his recent article, NYU professor Aswath Damodaran shares his thoughts on how politics, globalization, and disruption has changed the investing landscape.
Michael Mauboussin: Investing through the Business Lifecycle
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By Borsgade
- - Published
As part of his work for Morgan Stanley, Michael Mauboussin has just published quite a comprehensive analysis of the life cycle of companies.
Here, the focus is on defining the different periods a company goes through from formation to liquidation and what characteristics each period has.
The article is relatively technical, but the basic ideas and model are very useful for anyone who analyzes and invests in companies.
Understanding where a company is in its life cycle is helpful for assessing capital allocation, the cost of financing, corporate governance, and valuation. In this report, we build on a framework for establishing stages within the life cycle and describe how to use the statement of cash flows to place companies in the appropriate stage.
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Disclaimer of liability
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
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