Charles Lutz’s Post

I am happy to share something “different” today: the most recent academic output of my postdoctoral studies at FGV EAESP - Escola de Administração de Empresas de São Paulo da Fundação Getulio Vargas in collaboration with Professor Luiz Carlos Di Serio is finally available. Our paper on Financialization and Innovation Management has been published by the Journal of Innovation Economics and Management (2024/3, issue 45). It took us a while but it is finally out! The full paper can be found here: https://lnkd.in/eCEPAsmd PS: The full results of the postdoc can be found in one of my books (in Portuguese), which includes the theoretical background, survey with companies and case studies: https://lnkd.in/eFCm_wYK #finance #innovation #financialization #management #value #cfo

📈 Interested in delving into the stock market but feeling overwhelmed as a beginner? I've come across some valuable share market tips that can be a game-changer in your investment journey. Here are the key takeaways: 🔍 Understanding the basics is crucial – think of it as learning the rules of a new game before diving in. 💡 Choose companies with solid fundamentals – just like building a house on a strong foundation to withstand any storms ahead. 📊 Trust your instincts and get hands-on with analyzing market movements – it's about painting your unique canvas in the stock market landscape. ❌ Derivatives might be tempting, but for beginners, sticking to stock trading is like walking before running. 👥 Collaborate with reliable intermediaries – it's akin to having a knowledgeable guide on your adventurous stock market expedition. 📈 Identify potential sectors with growth prospects – akin to placing your bets on the right horse in a race for long-term gains. 💼 Diversify your portfolio – think of it as planting different seeds in your investment garden to reduce risks and enhance returns. 🌟 Remember, success in the stock market is not a sprint but a marathon. Educate yourself, diversify wisely, and stay well-informed to navigate the complexities of the market landscape. https://lnkd.in/e55UTSKy

Considering hiring an Integrator or investing in training for your current one? I know the price tag might give you pause. But it is worth it! Instead of focusing on the cost, let’s shift the conversation to what Mark C. Winters, co-author of Rocket Fuel, calls Integrator Economics—a way to measure the real value an Integrator brings. Here’s a simple 4-step framework to justify the investment: Step 1: Gather your weekly Issues List from your Level 10 Meetings, your long-term Issues List from the V/TO, and your wishlist (everything you hope a strong Integrator could solve.) Step 2: Imagine a future where a strong Integrator systematically eliminates every item on those lists. Picture the relief, clarity, and growth this would unlock for your business. Step 3: For each item, estimate the financial and personal impact of resolving it. Think about time saved, stress reduced, and opportunities for growth. What’s the value of getting these solved? Step 4: Add up the dollar impact across all items. The result often exceeds expectations. With this clear perspective on ROI, compare it to the cost of hiring or developing an Integrator. When you weigh the numbers, the return on investing in an Integrator often far outweighs the expense. #eosimplementer #eos

Investing in custom software without Software Economics is akin to Schrödinger's cat – uncertain until observed. Here's why it matters 👇 Skipping code analysis can lead to costly surprises. At Software Improvement Group, we stress the importance of Software Economics to provide a clear picture of software value and risk. Discover how Software Economics can safeguard your investments in this excellent article from our M&A and ITDD expert and Managing Director Jasper Geurts at https://lnkd.in/dq8HEbNX "Software economics goes beyond cost analysis; it’s about boosting value and making strategic choices that lead to software that’s not just functional but also scalable, profitable, and resilient against future challenges. For investors, mastering software economics is essential to prevent buying a future money pit." – Jasper Geurts Deep dive into Software Economics and all the details you need to know when evaluating software assets and their quality – join our upcoming webinar in just 2 days! Sign up here ➡️ https://lnkd.in/g3BRXxj5 #CustomCode #Schrödinger #Software #Economics #MandA #PrivateEquity

Subscribe for this online course. 🎓📚 Introduction to Valuation shares an overview of concepts related to Equity Valuation. 📈💸 🔊 Check out Applied Learning, refer to solved questions from Aswath Damodaran's book, solved solutions to inhouse questions developed by The middle Road. 📝✅ This course also includes a solved question from The middle Road. 🤓💡Understand meaning of value and value drivers. 🔍💰 Introduction of concepts like Return on Invested Capital, Earnings Growth, Investment Rate, and free cash flows for the firm. 📊📈 https://lnkd.in/d9kmUhx4 #ValuationCourse #EquityValuation #FinancialEducation #InvestmentConcepts #ROIC #EarningsGrowth #FCFF #AswathDamodaran #TheMiddleRoad #OnlineLearning #FinancialAcumen

Why do people do what they do? Over the past 20 years, the science of Behavioural Economics has become a major asset to the business world as its greatest contributors have revolutionised our vision over consumers and their decision-making logic. In its early stages, this science was further extrapolated to other areas; macroeconomics, marketing, advertising, finance... 🧠 The latter specially caught my attention as I always believed finance was rigidly ruled over the logic of numbers alone. However, once I had the chance to dive into corporate finance, I was soon proven wrong. Numbers are essential, however they do not sovereignly rule the industry, for in some cases numbers can be used to rationalise irrational choices. 🚫 How do the intricacies of the irrational human mind affect finance? 📊 What is the cost of this irrationality? 💲 What can we do to overcome them? 📈 Lessons from Robert J. Shiller, Hersh Shefrin and George Akerlof teach us about both individual and institutional investors. However, one of the most gargantuan pieces of the puzzle, corporate finance, remains widely unexplored. 🔍 In an attempt to contribute to this matter and start filling the loophole through my masters thesis, I decided to study how the human mind works in one of the most dynamic disciplines in corporate finance: mergers and acquisitions, an area that offers the optimal conditions to use as a starting point for this study. 🏦 The identification of different systems of thought, heuristics, cognitive biases, decision architecture inefficiencies, nudges, and overal irrationalities in this kind of deals offers the consolidation of a great guide to overcome these same inefficiencies caused by the human mind. 💭 During the next few weeks I hope to give you some of the insights I collected from my study, directly achieved through exhaustive financial analysis, decision architecture design, journalism, and what I consider to be some of the best literature in the field of Behavioural Economics. 🌱

This is different from my usual SEO drivel Lately, I’ve been taking a course on Finance Theory and I want to share some thoughts The first thing I learned was that I am (was?) completely oblivious when it comes to financial management Both personal and business finance Maybe it's because I studied engineering and this wasn't a part of the coursework Or maybe I voluntarily skipped out on financial education - until now But I just want to stress how critical it is to learn and apply all this Especially for young people like me looking to grow their businesses Understanding basic investment vehicles—stocks, bonds, mutual funds Knowing how to allocate your money, handle risk, and grow your wealth Knowing how to plan your investments and expenditures Managing your cash flows All this is just as important as learning the skill that makes you money Financial literacy gives you control. It’s not just for finance pros—it’s for anyone wanting long-term stability. If you’re running a business or working independently, don’t underestimate the power of financial education. It helps you make smarter decisions, plan for the future, and avoid costly mistakes. Start now.https://buff.ly/3Nx1D6F Learn the basics. Invest in your knowledge—it’s the most valuable asset.

C-SUITE MAGAZINE - VOL 1 ISSUE 5 Interview with Prof. Kalok Chan (陳家樂教授) - Dean of the College of Business and Chair Professor of Finance, City University of Hong Kong Powered by: ASIA CEO COMMUNITY x GLOBAL CEO COMMUNITY Please enjoy our latest issue of C-Suite Magazine. Our publication aims to provide a platform for our members to stay at the forefront of investment trends, gain valuable insights, and foster mutually beneficial connections. About Prof. Kalok CHAN (陳家樂教授) Professor Kalok Chan is Dean of the College of Business and Chair Professor of Finance, City University of Hong Kong. Prior to joining CityU in November 2023, Professor Chan was the Wei Lun Professor of Finance at the Chinese University of Hong Kong, serving as Dean of CUHK Business School from 2014 to 2019 and Chairman of the Department of Finance from 2021 to 2023. Before that he worked as the Synergis-Geoffrey Yeh Professor of Finance at the Hong Kong University of Science and Technology, where he served as the Head of Finance Department (2003-2013) and Acting Dean of HKUST Business School (2013-14). He was the Founding Director of the HKUST-NYU Stern Joint Master in Global Finance programme. Prior to joining HKUST, he was an Associate Professor of Finance at Arizona State University. Professor Chan obtained his BSSc in Economics from CUHK, and PhD in Finance from Ohio State University. As a leading scholar and a prominent researcher, he has published in numerous top ranked finance journals, and has been ranked as the top finance researcher in the Asia-Pacific region. His research interests focus on dynamics of asset prices, derivatives, market micro-structure, and international financial markets. Active on several public bodies in Hong Kong, Professor Chan is a past President of the Asian Finance Association, and currently serves on a number of committees including the Human Capital Committee of HK Financial Services and Development Council, TraHK Supervisory Committee, Hong Kong Academy of Finance and HKIMR Council of Advisers for Applied Research. MORE MEMBERS INTERVIEW: Founders Magazine: https://lnkd.in/efayCTix Venture Capitalist Magazine: https://lnkd.in/gpiKg8Je C-Suite Magazine: https://lnkd.in/gNRQ87in JOIN COMMUNITY: https://lnkd.in/gG6TvRZe Linkedin: https://lnkd.in/ec76qvK Facebook: https://lnkd.in/gWbeQpwq #ASIA #BUSINESS #BUSINESSMAN #Indonesia #Australia #Vietnam #BUSINESSWOMAN #CEO #CXO #STARTUP #FINTECH #entrepreneur #china #hongkong #Malaysia #singapore

Mastering Investment Content: Writing in English for Market Decision Making #Markets #Economy #investing #money #bankingindustry #productivity #bestadvice #businessintelligence #Innovation #Management #Technology #Entrepreneurship #Startups #VentureCapital #Economics #strategy #business #artificialintelligence #socialentrepreneurs

UNIT ECONOMICS CALCULATOR 2x Templates: Unit economics calculator ✖️ Valuation calculator based on growth rate and profit margin. I went through the sources a little to get to the actual links to these templates, it was a small quest. But I want to share interesting templates for founders. I found both of these templates in the mailing list from Pretiosum Ventures, and the authors of the templates are Fuel Finance. 1/ A good template for calculating unit economics - enter your parameters and calculate LTV/CAC. Definitely suitable for b2c businesses and b2b businesses without a focus on hardcore enterprise (where it’s difficult to translate everything into monthly data). 💾👉 You can download from their website, leave your contacts, then you will receive a link to a Google Doc by email: https://lnkd.in/emptB-2e 2/ The second template is a calculation of the company’s valuation, which is based on benchmarks from a16z (which got me a little hooked, I started looking at it initially). The score in the template depends not only on the size of the business, revenue, but also on how much more profitable your business is through Rule of 40 (this is % growth + % margin). Fuel proposes to actually add a coefficient - if your Rule of 40 is better than the industry as a whole, then divide your Rule of 40 by the industry and multiply your revenue multiplier by this, that is, a higher coefficient should be applied to you. This is something that a16z did not have in its pure form, but that BVP had (look at the channel where their research on Rule of 40 was published). So essentially what you're being asked to do is take market multiples and adjust for your margin advantage. The only thing is that the Rule of 40 data for your business is taken as forecast data - I would take historical data. 💾👉 The template using the same logic with Google Doc is available at the link: https://lnkd.in/enSAKiSd #startup #uniteconomy