Defining Sources of Value

If you want to make a lot of money on Wall Street, you have to be good with numbers, right? Wrong. You have to have the skills needed to identify value, but are those math skills? It turns out that the real value in value creation on Wall Street isn’t about complex math but something else entirely.

When Vertical Integration Goes Wrong

Red Lobster is going bankrupt and a billion dollars of debt might go unpaid. How did this happen, and is there fraud involved? The answer is quite complicated, and it’s a great lesson on why deep financial analysis is extremely important.