Deja Vu #5: The Maher Restricted Stock Study (1976)

In this “deja vu” series about the “old and tired” restricted stock studies, we are working our way through the leading early studies. We have already examined the SEC Institutional Investor Study, the Gelman Study, the Trout Study, and the Moroney Study. In this post, we examine the Maher Study. The story does not get better with repetition. So read on.

900 Days of Walking – It Has Been a Life Changer

After walking nearly every day for 900 days, it is time to share a thought or two about the journey. Neither rain, nor snow, nor sleet, nor hail shall keep me from my walking goals.  Paraphrasing the Post Office motto. Take a look and see. I share a few thoughts about a walking program for you, as well.

Appraisal Review #1: A New Focus for ChrisMercer.net

After a break of more than two months, I’m back to ChrisMercer.net. This blog and its predecessors has been the beginning point of exposure for most of my thinking for many years. With this post, we turn to a new primary topic of focus — appraisal review. As you will see, there is a great deal more to the concept of appraisal review than a few methods or techniques to be employed. I’m looking forward to the coming exploration of appraisal review.

Two Years of Daily Walking

I Think the Habit is Here to Stay

From December 15, 2019 until now, it has been just over two years. I’ve been walking with intentionality these past two years. Miles, 4,552. Steps, 9.6 million. Health, as far as I know, is better. Attitude, much better. This post recaps the experience of the last two years and offers a few thoughts that I hope you find either interesting, helpful or both.

Excellence vs. Perfection

“The pursuit of perfection is the pursuit of failure.”

The thought came to my mind on my walk this morning.  It was undoubtedly prompted by meetings over the years with younger analysts who, because they wanted to find “perfect” answers to valuation problems, were (temporarily) unable to find any answer at all.

Excellence is attainable for many, if not most, at least in some areas of life.  Perfection is unattainable.  The pursuit of excellence is the roadway to success.  The pursuit of perfection is a downward slide to failure.

Business Valuation: An Integrated Theory, Third Edition Is Here

Business Valuation: An Integrated Theory, 3rd Edition has been published by John Wiley & Sons, Inc. in the Wiley Finance Series. My co-author, Travis W. Harms, CFA, CPA/ABV and I are excited and relieved to have received this work in hand late last week. In this post, I will begin to tell the story about the book and why you should own it and read it.

100 Days and the 10,000 Steps per Day Challenge Continues

Movement Is Therapeutic in a Time of Crisis

In recent weeks, I’ve written about what I’ve called a Personal Step Challenge that began on December 15, 2019.  My goal is to get 10,000 steps per day at a minimum, and also 5.0 miles at a minimum.  I added the five mile part because at 10,000 steps I’m a tad short that.  The broader […]

80 Days Into the Personal Step Challenge

Nearly 500 Miles and a Million Steps

Walking 10,000 steps per day is good for our physical and mental health. If you don’t believe me, Google “10,000 steps a day” and read around a bit. This post chronicles my personal challenge over the last 80 days and discusses a few of the lessons I have learned from it.