The Full Picture Investment team has written a narrative explaining the research and development that went into FPI's new hybrid valuation method.  The research narrative and accompanying exhibits are available as PDF downloads below.

CURRENT ASSET VALUATION SHORTCOMINGS:

• Ignored time-value axioms are explained in Section 3, pages 8-11 of the narrative
• Circular computational references are explained in Section 4.5, pages 19-22 of the narrative
• The need for multiple discount rates (rather than a single rate) is explained in Section 7.2, pages 28-29 of the narrative

Bridge Finance’s Theoretical and Applied Valuation Gap Using Transaction Level Equilibrium

Download Narrative  |  Download Exhibits