20161104【充实计划】第270期

充实每一天 发表于 2016-11-4 07:39
【加入充实计划】【了解充实计划】

|了解挑战30天|

昨日阅读3小时.累计阅读54小时

今日阅读《局外人》。今日阅读1小时，累计阅读122小时。

昨天阅读2小时，总计阅读时间100小时。

昨日阅读1小时，累计阅读300小时

Reading 3 hours investment banking valuation by Joshua Pearl yesterday. Totalling 53 hours.

This book is very practical and very similar with the real work. I haven't work in bulge brackets but the process in the boutique firms is much simpler. (For example, the book says we should get all the information from all the comparable companies but in the small firms, you only need the real comparable ones' information. Also, for private companies, credit portfolio is not really important bc most of the private firms don't have public traded bonds. In the book, it said we should get many financial ratios to narrow down the Comsets, including FCF yield ( Free cash flow/current capitalization, in real life we don't use it)  But this book is a great book to offer real insight of investment banking and practise what we learned at business school.

Things learned from this book yesterday：
4 steps of Comparable Companies valuation
a. Screen the comparable companies with the similar size, profitability, credit portfolio, products, markets and end users;
b. Use the financial figures including the profitability, margins, market and operation size to narrow down the best ones;
3. Get all the financial information including historical financial data and estimated forecast with equity researchers' consent.
4. Calculate the multiples and find the best interval.

20161104 昨天阅读2小时，累计阅读90小时，44天。

第120天，昨日阅读0.5小时，共计133.5小时！暖！

1.今天你阅读到的有价值的全文内容链接
除了“低龄留学” 还有“超低龄留学”？
http://edu.sina.com.cn/zl/edu/2016-11-03/13364076.shtml
2.今天你阅读到的有价值的内容段落摘录
  　莫道君行早，更有早行人。在阿尔德罗预备学校、比尔顿农庄预备学校、米尔菲尔德预备学校、布兰博特预备学校四所英国寄宿小学来华直招现场，那些拿着厚厚的申请材料参加面试的中国小学生应该称作什么呢？或许只能用“超低龄留学”来概括了。
3.今天你阅读到的有价值信息的自我思考点评感想
  不可否认，海外名校在招收国际学生的时候，更愿意录取在适应本国教育的国际学生。英国私立小学恰恰也能够顺应英国“重点中学”的招生标准。
　　在“低龄留学”、“超低龄留学”的趋势面前，什么年龄适合留学想必会成为争议的话题。知名国际教育专家Emma Vanbergen的观点是：“何时是送孩子出国的最佳时机，完全因人而异。家长如果希望看到子女在国外教育体制下充分发挥个性，最迟不要超过13或14岁。原因在于，年龄小的学生个性还未完全固定成型，出国留学会改变和影响他们最终性格的形成。”
4.昨日你阅读的时间量（小时计算，如0.5小时）
昨日阅读1小时
5.你参与活动至今的总时间量（小时计算，如20小时）
共计209小时

http://finance.sina.com.cn/zl/china/2016-11-03/zl-ifxxneua3982477.shtml
沈建光：PMI大涨意味着什么？

该如何抑制资产泡沫
http://finance.sina.com.cn/zl/bank/2016-11-03/zl-ifxxneua3973314.shtml