Urs WalchliJun 15, 20183 minDemocratization of Investments with Crypto-Assets and the Need for Independent Ratings Innovation triggers great excitement among investors. Excitement, however, is a bad investment advisor. As the dot-com boom has already...
Urs WalchliMar 20, 20186 minThe Unfairness of Fair Deal TermsWhen you book a preferred seat in an airplane, you pay a higher price than a passenger who books a common seat. Most of us would agree...
Urs WalchliFeb 16, 20172 minAvoid bias when unleveling and relevering betas!To estimate a firm's WACC, we often have to unlever and relever betas; for example when working with comparable firms that have different...
Urs WalchliJul 7, 20165 minEPS and shareholder value: Myth and realityIt is a misconception held by many people that firms should take measures to improve Earnings per Share (EPS) because higher EPS will...