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srini narayanan's avatar

Keep in mind the refrain of most professors before explaining any quant models - "All models are wrong but some are useful" - DCF is one such model but once you start believing all your manufactured and questionable inputs to the model, the output reflects your bias.

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garp niveshak's avatar

I stopped using DCF once it stopped making sense to me but now i know how to do it right. Thanks! This was just brilliant . Going to spend my sunday reading the rest of your blog🙏

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