The Butler Pinkerton Calculator: An Update - BVMarketData

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Independent Select Testimonial • Total beta is a widely accepted measure of risk in situations where investors are not well diversified. The Butler-Pinkerton Calculator is a convenient and flexible tool for quickly arriving at an objective estimate of total beta and the company specific risk premium for a privately held company. – Keith Harvey, Ph.D., CFA (A finance professor made aware of Mr. Kasper’s allegations) 24
Another Select Testimonial • We believe that the Butler-Pinkerton Calculator is a useful tool for appraisers who want a quantitative way to assess the maximum CSRP. What the Total Beta and calculator computes is the maximum or upper bound for the CSRP. A good appraisal should also use subjective techniques and judgment to determine the appropriate CSRP for the subject company. – Vicentiu M. Covrig, Ph.D., CFA and Daniel McConaughy, ASA, Ph.D. (Finance professors made aware of Mr. Kasper’s allegations) 25
Page 1 and 2: The Butler Pinkerton Calculator: An
Page 3 and 4: Let’s Get Some Things Out of the
Page 5 and 6: Traditional Factor Models: Use at O
Page 7 and 8: The Courts Want Empirical Data! •
Page 9: The Solution: Total Beta and the BP
Page 13 and 14: More Transparency 13
Page 15 and 16: Impeach Inferior Estimates of Cost
Page 17 and 18: Interesting Observation: “I Don
Page 19 and 20: Other BPC Applications: • First,
Page 21 and 22: Other BPC Applications (continued):
Page 23: Total Beta:BPC and Peer Review 1) R
Page 27 and 28: Questions to Consider: • If Total
Page 29 and 30: The Butler Pinkerton Calculator: An
Page 31 and 32: Are You on the Left-side or the “
Page 33 and 34: Other Observations: Instability of
Page 35 and 36: Response to Roger Grabowski’s Sli
Page 37: Summary: • All models are wrong,

The Butler Pinkerton Calculator: An Update - BVMarketData

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