Faculty News
Professor Aswath Damodaran comments on Bernstein's views on Discounted Cash Flow (DCF) modeling
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Excerpt from the Financial Times -- "This piece by Bernstein tells me more about how DCF is practiced (or mangled) at Bernstein than it does about DCF itself. As the piece indicates, a Bernstein DCF is a Robo DCF where as the risk free rate changes, nothing else does and not surprisingly the value goes up."
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Additional coverage appeared on Bloomberg.
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Additional coverage appeared on Bloomberg.