Saturday, May 2, 2020

DIY Airport Cocktails

Espresso Martini: 30 ml vodka, 30 ml Kahlua, 30 ml espresso
Negroni: 30 ml gin, 30 ml (Sweet) Vermouth, 30 ml Campari, orange twist or a slice
Aperol Spritz: 90 ml Prosecco, 60 ml Aperol, 30 ml soda water
Brown Derby: 60 ml Bourbon whiskey, 30 ml grapefruit juice, 15 ml honey syrup (1:1)
Bees Knees: 60 ml gin, 15 ml lemon juice, 15 ml honey syrup (1:1)
Margarita: 45 ml Tequila, 15 ml Triple Sec (e.g. Cointreau), 30 ml lime juice
Daiquiri: 60 ml white rum, 30 ml lime juice, 22.5 ml simple syrup
Godfather: 30 ml (Scotch) whisky, 30 ml Amaretto
Manhattan: 60 ml (Rye) whisky, 20 ml (Sweet) Vermouth, 1-2 dashes of bitters

Wednesday, March 11, 2020

Going Viral: COVID-19 Density

When it comes to comparing things I am a big fan of ratios rather than looking at the absolute values. Here I did a quick analysis on a trendy topic to plan my next business trips before we all get travel restrictions:

Friday, May 4, 2018

Unusually Fine Advanced PBV Analysis

When valuing financial service firms, the Price to Book Value (PBV) ratio is possibly the most commonly used valuation method by analysts because it's safe, simple, has a strong historical basis and requires no IQ at all.

Back testing the PBVs to stock price has a good correlation. PBV needs however be looked at in the context of return on equity (ROE). Historical analysis has shown that ROE has a strong impact on banks’ value creation in the long run. Bottom line: Firms that have high price-book value ratios should also have high returns on equity. Firms that have low price-book value ratios should have low returns on equity.