This Q&A podcast features a finance professional, John Ewing, giving a lecture and then answering questions from a classroom of students. The lecture begins with a discussion of valuation methods for real estate, comparing different approaches (precedent transactions, DCF, replacement value, cap rate) and emphasizing the importance of triangulation for accurate assessment. The second part of the lecture focuses on capital structure arbitrage, using the example of Snap's convertible bonds to illustrate how seemingly risky debt can become attractive under specific market conditions. Finally, the session opens to a Q&A where students ask questions about career advice, investment strategies, and market analysis. A key takeaway is the importance of using multiple valuation methods and understanding their applicability to different asset classes and market situations.
