What are your thoughts on Austrian Business Valuation?

Recently, I have been reading about Austrian business valuation, which incorporates subjective value theory and excludes the use of the CAPM because of the unrealistic assumptions. I was curious how this will effect both buyside P/E and sellside IB?

(Of course, this is contingent on your thinking that subjective value theory will ever influence the industry.)

Thanks for your insight.

 

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