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Kevin's avatar

Great article! I think a DCF serves it purpose because it makes your reasoning in valuation explicit. However, the final result, the calculated value is less usable. In the end, the goal is to find something that is heavily undervalued without knowing exactly by how much. To be directionally right.

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Edoardo Tortorella's avatar

Just a warning, soon after you will despise everything that involves investment banking, sell-side equity research, consulting etc.

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