Author Archives: Mike O'Hara

In his popular book Sapiens, Yuval Noah Harari states that “from about 2 million years ago until around 10,000 years ago, the world was home, at one and the same time, to several human species.”  Harari says the fossil record shows that our species coexisted with the likes of Neanderthals, Homo erectus, Homo soloensis, Homo […]

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Most finance professionals agree that nothing beats the discounted cash flow (DCF) method for valuing a business. This is because the method is based on projected cash generation and does not rely on comp sets that can often be not-so-comparable.  However, the most glaring flaw in DCF models can be best described by the phrase […]

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Our objective with The Big Story is to discuss an issue of at least potential importance to the greater market for consumer products every week. Given this goal, we rarely stray into areas of life and death (though we have written extensively on the impact to the economy of the COVID-19 pandemic).  Without a doubt, […]

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On November 5, Congress passed the Infrastructure Investment and Jobs Act, which President Biden will sign when Congress returns to session this week.   If the associated revenue changes are approved through the budget reconciliation process, the U.S. will commence what The Brookings Institute calls “a building spree larger than what happened during the New Deal.” […]

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In April 2020, Daphne Howland of Retail Dive wrote “Few retailers will come out of this unprecedented moment unscathed, but department stores are at a point of no return. None can go back to business as usual. Some may not come back at all.” What a difference a year makes. Now, in the face of […]

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