Most business decisions of investors, analysts, consultants and managers require us to assess the future. You will learn a different approach to make better decisions using the fundamentals of businesses. Students who have taken this course often comment on how it transforms their thinking and analysis. It also is a useful “capstone” to an MBA.
We consider how to use financial reports and to supplement the accounting information to understand the company.
It will cover some topics/concepts that are in financial statement analysis, earnings quality, security analysis and valuation classes. But I have never received feedback that the coverage in this course is redundant irrespective of other courses taken. We will focus on understanding how businesses create/destroy value and how to change this, and discuss if this is in the price or not.
You draw on > 30 years of my experience: advising and analyzing companies, creating a new framework for analysis and investment, and as part of senior management at Morgan Stanley, plus as an academic researcher, auditor and participant in accounting regulation. My objective is to pass on as much of this knowledge to you as possible.