That was fantastic.

Never thought about valuation as broken down into those three separate categories. Interesting.

Amazing. Great video. Very informative

There's also something called the Clean Surplus Model, which is essentially a book value based approach + future growth options. It's an accounting-heavy approach, but together with the value of the growth option, you should yield a valuation that's fairly similar to the value of the firm using DCF.

good video

Your videos are awesome

imo this is an extremely convoluted explanation (in general) for the valuation methodologies, and specifically determining the "market value of B/S assets (the basic concept is that anything you spend capex on which ends up sitting on the balance sheet has some "worth / value" because these "assets" will generate you future revenues)"

keep in mind the majority of ur target audience members are jrs in college, many of which have some or just a bit of finance experience. the terminology and phrasing used is simply too complex and not organized enough.

yes -- sufficient enough assuming you can process / understand what he says. a lot of folks just regurgitate without learning the fundamental concepts (which when explained properly are quite simple) --> this is a dangerous approach, but CAN work w/ time [typically you go through 5-6 rounds of rejections then your regurgitation is at a level where you've heard 90% of the questions asked so your "intuition" is at a point where you can pass through (but you're constantly paranoid--cuz you don't REALLY understand the concepts)].

but if you try to memorize and regurgitate how Joe walks through the main valuation methodologies i would imagine (i) most candidates will not be able to process what he is talking about (ii) throwing around big words that you do not fully understand will encourage interviewers to ask you tougher probing questions. I think the keys to success in interviewing are (i) guiding the interviewer to ask you technical questions you are most comfortable with (ii) explaining these concepts w/ simple terms that show your understanding and minimize the chance of nasty follow-up questions (iii) presentation -- not appearing like a pompous know-it-all when explaining answers you already know

on the video:

for instance, the "income approach uses some form of [capitalization of income] or discounting of cash flows...[productive asset] -- ? why would you ever explain it this way? and why would you throw in the capitalization of income?

in addition, many folks will confuse his "asset" valuation methodology with the "sum of the parts analysis", since Joe uses these terms interchangably. very few people use this approach in investment banking [maybe restructuring groups], and a "traditional" sum of the parts is MUCH more common. and again -- by throwing these terms at your interviewer [this approach in particular may even confuse the interviewer] you put yourself at a relative disadvantage

just my two cents....not to knock this program -- i think its net net great that WSO is setting up video training guides, etc.

Okay I just re-visited the website and noticed it has been significantly improved since the time I wrote the comment above. I would therefore like to now recommend the service as the new videos are much more comprehensive and of much better quality. I also wanted to thank WSO for not removing my comment I truly appreciate the honesty and transparency of the team. They have worked really hard to improve their offering and to respond to customer concerns, and have made their service top notch

THUMBS UP ! and keep up the good work on the site.
LeYoun