"What are the four approaches to valuation?"
What the hell is this question all about? I just talked about how I like to group valuation methods into three categories: 1. Intrinsic, 2. relative valuation, and 3. contingent claim valuation.
Some silence on the other end of the line.
"Well there's also the looking at recent deals in the industry method"
I say ah yes, I'd put that under "relative valuation". Some more silence. Sounds like I gave the wrong answer. Oh well.