Michael Mauboussin: All Roads Lead to Capital Allocation | The Acquirer's Multiple®
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Michael Mauboussin: All Roads Lead to Capital Allocation | The Acquirer's Multiple®
In his recent conversation with Fortuna Advisors, Michael Mauboussin the legendary strategist and author broke down the foundations of value creation with the clarity and precision that have made him one of the most respected voices in finance. “You may absolutely use multiples,” he began, “but you have to earn the right to use the multiple.” He warned, “There’s no direct line of sight into the magnitude and return on investment,” and that “mult…
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