Vlog #124th Dahil subrang init dito masubukan nga ..Pls .watch my video don't skip.thanks. #cookingtime #0fwsaudi #zhingbicolana #trendingreelsvideo @highlight
Hosea 10:12 NKJV Sow for yourselves righteousness; Reap in mercy; Break up your fallow ground, For it is time to seek the Lord, Till He comes and rains righteousness on you. Jeremiah 4:3-4 NKJV [3] For thus says the Lord to the men of Judah and Jerusalem: “Break up your fallow ground, And do not sow among thorns. [4] Circumcise yourselves to the Lord, And take away the foreskins of your hearts, You men of Judah and inhabitants of Jerusalem, Lest My fury come forth like fire, And burn so that no one can quench it, Because of the evil of your doings.” Proverbs 11:18 NKJV The wicked man does deceptive work, But he who sows righteousness will have a sure reward. James 3:18 NKJV Now the fruit of righteousness is sown in peace by those who make peace. Philippians 1:11 NLT May you always be filled with the fruit of your salvation—the righteous character produced in your life by Jesus Christ—for this will bring much glory and praise to God. Galatians 6:8-9 NKJV [8] For he who sows to his flesh will of the flesh reap corruption, but he who sows to the Spirit will of the Spirit reap everlasting life. [9] And let us not grow weary while doing good, for in due season we shall reap if we do not lose heart. >Fruitful Friday saints!! #124th Day of Bible reading challenge 2024!! #YearoftherighteousoftheLord! #intentionalgeneration!!
Now, a few parts for my 1/25 builders! This weekend's theme: flathead speed parts! First up is a McCulloch supercharger set that comes with a manifold, supercharger, stock and aftermarket oil fillers tubes, double barrel carburetor, and a 1950s inspired aftermarket air cleaner. These centrifugal superchargers were marketed for use on flathead powered trucks and heavier vehicles in the 1930s, but we're later adopted by hot rodders and racers in the 40s and 50s. Second up is a set of Thickstun heads for 24 bolt flatheads and matching Thickstun marine head covers. These covers were originally marketed for marine applications to help keep water away from the spark plugs, but we're also adopted onto hot rods and customs due to how they clean up the engine. I designed these covers to be removable, meaning you can display your car or boat with the covers on or off depending on how you're feeling. Both part sets are now available on my Cults store (link in bio), but I'd also be curious to hear from 1/25 builders. Do you all shop from shapeways? I don't hear it mentioned at all, and I know their prices are typically too high to be worthwhile for larger scale stuff, but I'd be curious if for smaller parts like these, if there's a market on shapeways? Thanks!! _____________________________________________________ #125th #124th #125thscale #124thscale #modelaford #hotrod #modelbford #32ford #ardun #ratrod #jalopy #hotrods #scalebuildersamerica #scalebuilders #scalebuildersworldwide #trog #beachracer #flathead #bonneville #elmirage #modelkit #rpmnationals #bonnevillesaltflats #theraceofgentlemen #bonnevilleracer #oldford #fordbanger #prewarhotrod #traditionalhotrod #hopup
We’re all trying to find a way out but I’m living through mine 🤎✨ Cc: @travelhopp #burjkhalifa ✨Deets ✨ Braided wig cap: @__trina.hair Jeans : @spendloveboutique Heels : @minasklosette3 Watch : @bluestrapgh Bag : @mesa.ghana #travelhopptakesuae #124thfloor #124th #touring #host #dubai #uae #travelhopp #instagram #explorepage #explore
🦕🏗️🍫🧸 • #photodump #onehundredtwentyfourthweek #124th #dump
Nᴏ Wᴏʀᴅs Cᴀɴ Exᴘʀᴇss Tʜᴇ Fᴇᴇʟɪɴɢ....! Tʀᴜʟʏ Sᴘᴇᴄɪᴀʟ.....🇳🇬❤️ #2ndcentury 🏏 #124th encounter 🏆️ #Best Batsman🏆️ #107🏏🇳🇬 03❤️
2024 TruckMasters/FEA JAPAN TOUR TOHOKU 2024.4.28(sun) 9:00～15:00 宮城県 利府町 グランディ21 CAR SHOW & SWAPMEET ケータリング チャリティーオークション エントリー受付中 CARSHOW ￥8.000-(記念Tシャツ付き) SWAPMEET￥10.000-(記念Tシャツ付き) ケータリング￥10.000- お待ちしております！ 入場料 ￥1.000-(中学生以下無料) 駐車場 ￥1.000- 宜しくお願い致します。 #2024 #TruckMasters #FEA #JAPANTOUR #TOHOKU #今回の東北ラウンドで124回開催 #宮城県 #グランディ21 #利府町 #チャリティーオークション #CARSHOW #SWAPMEET #4/28 #ゴールデンウィーク #キックオフ #MOONEYES #入院はこりごり #骨折 #リハビリ #松葉杖 #124th #32nd #BLUEPANIC
• Dubai • 🇦🇪 #emirates #visitemirates #dubai #visitdubai #sky #lights #burjkhalifa #ontop #124th #aquarium #zuzu #lebanesefood #dubaimarina #picture #panorama #dream #dubaimall
Just finished modeeling and printing this luggage rack for my 1/24th scale Fiat 500F. This is going to look soooo cool with a suitcase or two strapped to it. I bought two sets of the Tamiya Fiat 500F and I want to build one very classic with spotless old school cream paint job and another one that is just a mess. Slammed to the ground and a bunch of rust. The other day I found a decal sheet with a sticker texture. That is definitely going on a fender on one of the Fiats. And Also I might make some kind of roof rack to store some extra tyres and some oil cans. If you want to see how the two builds come along, then make sure to follow me 💪🙏 Luggage rack modelled by my self. Printed on the @anycubicofficial Photon Mono M5s Car model: @tamiya_inc_jp 1/24th scale Fiat 500F . . . . . . . . . . . #fiat500 #fiat500f #fiat500classic #fiat500owners #fiat500oldtimer #fiat500classics #124 #124th #124scalelife #124scalecar #124scalebuild #124scale #124fiat #tamiya #scalemodel #tamiyamodel #3Dprinting #3dprint #tgmpstudio
#124th 2024년 2월 26일의 마라톤 출격 준비 완료 with 알파3 3.1 기념 송도에서 열리는 단축 마라톤에 코디를 인친님들에게만 먼저 보여드리겠습니다 😁😁😁 산뜻한 봄총각 느낌으로, 살방살방 컨셉으로 🧡 미리 생일선물 땡겨주신 @yeeeeon_8 알파프로토에 어울리는 코디 친절하게 도와주신 @slab_doe thanks 😊 #러닝 #러너 #마라톤 #등산 #운동 #다이어트 #오운완 #run #runing #nike #marathon #인천대공원 #계양산 #소래산 #은계호수공원 #부천종합운동장 #머슬중헌디 #웨이트 #헬스 #부천fc #정왕체육공원 #알파플라이3 #알파플라이3프로토
Here are some long overdue photos of the 32 El Mirage inspired build I finished last summer. This whole build was inspired by @3dscaleparts convertible roof. When I saw he offered it, I knew I had to build a 32. The theme for this build was to make a barn find / unrestored late 40s, early 50s style hot rod inspired by the cars that used to run in the El Mirage dry lake beds. I started with a Revell 32 roadster body and then modified an AMT 34 Ford chassis to add more realism than the kit chassis. Both the front and rear suspension were heavily modified starting with a set of split wishbones and a dropped axle for the front, as well as a transverse mounted leaf spring mounting a quick change rear end to the slightly z'd chassis with the help of some more split wishbones. The wheels are a beautiful set of ford wide 5 artillery wheels by 3d scale parts. They're mounted onto a set of wide 5 hubs that I designed along with some buick finned drum brakes. I also went with a cowl mounted sterring arm to help add some clearance to the massive ardun OHV "flathead." The Ardun is by @tx_3d_customs with a set of @scale_auto_model_works stromberg carburetors since I felt the included supercharger wasn't quite the right vibe. I also designed up a few engine bay accessories, including a coil pack and a Fram remote oil filter. The body is fairly stock besides the aforementioned roof, a chopped windshield, and a photo etched grill. The interior featired a photo etched banjo wheel, a tiki head shift knob that I modified and printed, and a set of racing seat belts that I designed. Other details include the 1946 california license plate and the SCTA Roadrunners club plaque, both of which I designed. ___________________________________________________ #125th #124th # 125thscale #124thscale #modelaford #hotrod #modelbford #32ford #ardun #ratrod #jalopy #hotrods #scalebuildersamerica #acalebuilders #scalebuildersworldwide #modela #trog #beachracer #flathead #bonneville #elmirage #modelkit #rpmnationals #bonnevillesaltflats #theraceofgentlemen #bonnevilleracer #oldford #fordbanger #prewarhotrod #traditionalhotrod #hopup
I just finished up my build for this year's 24-hour buildoff. My build started a day late due to how my schedule ended up, so it started at noon on Sunday, and I finished just before noon today on Monday. My victim this year was an AMT 58 impala which I lowered, swapped out the vague kit motor for a @scale_auto_model_works 3d printed W Block, some @zforcemodelworx hubcaps, and I added a set of bellflower exhaust and a lowrider club plaque, both of which I designed for this build. I'm pretty happy with how the build turned out, with the only real issue being the chrome paint I used for the trim. Even after an hour and a half in the dehydrator followed by 6 hours of rest overnight, the paint would still smear and wipe off during final assembly, leaving the trim looking a bit sad and no time left to fix it. Other than that, there were no real issues during the build. This is my second year doing the 24-hour buildoff, and it continues to be a great time. It happens every year the weekend of the 24 hours of Daytona, and I highly recommend taking part next year! _________________________________________________ #125th #124th # 125thscale #124thscale #lowriderlifestyle #62impala #lowridercars #leadsled #hotrod #truck #ratrod #c10trucks #hotrods #scalebuildersamerica #scalebuilders #scalebuildersworldwide #baggedlife #baggedcars #modelkit #amt #lowrider #Chevy #chevyimpala #58impala #impala
Here's an older build of mine, one I initially started on for a buildoff in 2022 but didn't quite finish. I ended up wrapping it up last fall by finishing the chassis, bed details, and adding the motor. This is my pig nose '60 Chevy c20 made from the AMT kit. I stretched the bed into a long bed and added tie down hooks, real wood bed slats, and 3d printed functioning tailgate latches. The chassis was also stretched and notched. I heard a trick about using HO scale railing sanctions to make heim joints, so I used those for the rear suspension. I designed a ton of 3d parts for this. In addition to the previously mentioned, I also designed seat belts, airbag control switch, air tank, compressors, and the rear bumper. I also used @icemancollections 12v cummins for it. ______________________________________ #125th #124th # 125thscale #124thscale #c10 #hotrod #truck #ratrod #c10trucks #hotrods #scalebuildersamerica #scalebuilders #scalebuildersworldwide #c10crew #c10chevy #baggedlife #baggedtrucks #baggedc10 #chevyc10 #modelkit #amt #lowrider #Chevy #chevytrucks #patina #cummins #12vcummins #truck #trucks
Kebanggaan akan selalu ada dihati #laprimasquadradellacapitale #124th #sslazio #lazioindonesia
Here is a build I completed for the @noworneverbuildoff pickup build-off. I started with the Revell 29 ford pickup and converted it to a late 40s / early 50s jalopy hot rod. I mainly used this as an excuse to build up a Ford banger engine and design up a ton of era speed parts. The motor includes 3d parts such as a Graham supercharger, the "moss" intake manifold, Cragar side valve cover, magneto, starter, and more. The chassis also had a bit of work done. The front was lowered with a drop axle and split wishbones and a cowl steering setup. The rear was Z'd, and a quick change rear end was added with a custom designed CAE inspired cap. The body was channeled, and the radiator was chopped to help get the stamce just right. My favorite little detail is the Hop UP Magazine plate topper that I was surprised my printer was able to make. Now that the build-off is finished, the plan is to put together an old beach racer bike to put in the bed. ____________________________ #125th #124th # 125thscale #124thscale #modelaford #hotrod #truck #ratrod #jalopy #hotrods #scalebuildersamerica #acalebuilders #scalebuildersworldwide #modela #trog #beachracer #flathead #fordbanger #4banger #modelkit #amt #pickuptruckbuildoff #theraceofgentlemen #bangersmodified #oldford #banger #prewarhotrod #traditionalhotrod #hopup
This Sunday we came to smash 🤘🏼💪🏼🏁 Little man’s finding new obstacles to try out 😅🫣🚑 #rc #rccars #fcx24 #smasher #fms #fmshobby #monstertrucks #rcfun #tinytrucks #evilknievel #daredevil #inthemaking #myboys #4boysntheirtoys #monsterjam #rcenthusiasts #rcaddicts #rcscaler #scx24 #rccrawler #hobby #indoors #ambulance #jumpit #radtad #rcfamily #124th #124scale #rcscaletruck #4x4 Follow @4boysntheirtoys 🏁
#HAPPYBIRTHDAY Hallo barca 🙌 Buat kamu selamat bertambah Usia yah, di usia yang ke-124th semoga semakin berjaya 🔵🔴🥳 Ucapan atau harapan apa yang akan kalian sampaikan di usia yang tidak muda lagi ini? Tulis dikomentar ya les ✌ #happybirthday #barcelona #124th #indobarca #indobarcacirebon
Happy Morning 🌅 Friends 😃 🪔🎉 Shubh Deepawali 🎉🪔 Yours truly is very happy to share 124th and 125th BLOGS titled "Understanding how to use the PESO Model" And "Understanding a PR Campaign" with you. Please click the👇🏼following links to read the 124th and 125th Blog. https://sureshgaurprguru.blogspot.com/2023/11/understanding-how-to-use-peso-model.html?m=1 https://sureshgaurprguru.blogspot.com/2023/11/understanding-pr-campaign.html?m=1 Happy Blogging 😀 Thank You 🙏🏼 Dr. Suresh Gaur, P R Guru "World Record Holder" #124th #125th #blog #blogspot #blogger #blogging #bloggingcommunity #influencer #journalist #pr #publicrelations #prsi #prci #prcai #ipra #icco #iabc #gaprcm #ica #amec #prsa #cipr #pac #prssa #prca #apacd #abci #wprd #ipr #wcfa
Hello Friends 🙋🏻♂️ Yours truly is very happy to share 124th BLOG titled "Understanding how to use the PESO Model" with you. Please click the👇🏼following link to read the 124th Blog. https://sureshgaurprguru.blogspot.com/2023/11/understanding-how-to-use-peso-model.html?m=1 Happy Blogging 😀 Thank You 🙏🏼 Dr. Suresh Gaur, P R Guru "World Record Holder" #124th #blog #blogspot #blogger #pr #publicrelations #prsi #prci #prcai #ipra #icco #iabc #gaprcm #ica #amec #prsa #cipr #pac #prssa #prca #apacd #abci #wprd #ipr #wcfa #gmec #iamcr #nsdc #mesc #wprd
U.s. Open Ahead 2024 U.s. 124th Championship Pinehurst T-Shirt The U.S. Open is one of the most prestigious and highly anticipated golf tournaments in the world, drawing in top players from all around the globe. And as the 2023 U.S. Open wraps up its exciting finale at the Los Angeles Country Club, golf enthusiasts are already looking ahead to the 2024 U.S. Open which will mark the 124th championship. This upcoming tournament promises to be an unforgettable event as it returns to the historic Pinehurst Resort and Pinehurst No. 2 course in North Carolina. With a rich history and a challenging course, the anticipation for the U.S. Open ahead in 2024 is already building up. Let's take a closer look at what makes this event so special and what we can expect from it. Buy now: https://tee5days.com/product/u-s-open-ahead-2024-u-s-124th-championship-pinehurst-t-shirt/ More Post: https://issuu.com/goduckoo/docs/30725-bad-bunny-blue-buck-shirt https://www.pinterest.com/pin/467459636338435989 Visit Store: https://tee5days.com/ #U.s. #Open #Ahead #2024 #U.s. #124th #Championship #Pinehurst #Tee5days
The A10 and clouds #500mm F6.3 1/2500 sec Iso 160 #1dxmarkiii #canon #a10thunderbolt2 #a10thunderboltii #a10warthog #skullbangers #a10 #190thfightersquadron #124th #190fs #aviation #aviationpicture #February #2 #2023 #Boise #boiseairport
. A10 ... ... with clouds #500mm F6.3 1/2500 sec Iso 100 #1dxmarkiii #canon #a10thunderbolt2 #a10thunderboltii #a10warthog #skullbangers #a10 #190thfightersquadron #124th #190fs #aviation #aviationpicture #Boise #boiseairport 5382.jpg
I had plans for building this kit for about a year now, so I guess I'll enter it into the @noworneverbuildoff since it's a truck theme this time. #pickuptruckbuildoff _________________________ #scalemodel #scalemodelsworld #scalebuildersworldwide #scalebuildersamerica #scalemodelphotography #125th #125scale #124thscale #125thscale #124th #124scale #revell #modelcar #modelkit #scaleriders #rust #patina #ratrod #modelaford #32ford
I need to get better at posting my 1/25 builds.... Half of the models I've built have never been posted since I've been too lazy to give them proper photo shoots. Maybe one day... I also need to start on another build shelf as the 55 NAPCO is all on its own one shelf down. ______________________ #scalemodel #scalemodelsworld #scalebuildersworldwide #scalebuildersamerica #scalemodelphotography #125th #125scale #124thscale #125thscale #124th #124scale #revell #modelcar #modelkit #scaleriders #rust #patina #ratrod #modelaford #32ford #ratrod #c10 #baggedtrucks #baggedc10
Burj Khalifa 💪 #124th Floor #dubai🇦🇪 #travel ✈️ #trip #international #tallwinlife #tlifecoin #day2
𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗥𝗶𝘀𝗸 - 𝗜𝗻 𝘁𝗵𝗲 𝗣𝗼𝗶𝗻𝘁 𝗼𝗳 𝗩𝗶𝗲𝘄 𝗼𝗳 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗕𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 Surely, if you are a risky government and need international capital, you don’t have the leverage to say to foreign investors that I’ll be paying you in our own currency, because what you’re saying here is this: You foreign investors, you’ll be the ones taking on the currency fluctuation risks. If that’s the case, then these risky governments may struggle to find willing lenders on the international stage. Thus, risky governments are the ones who always take the currency rate fluctuation risks. For a better understanding of my point here, see the infographic images and scenarios below. Scenario No. 1: The US government will be receiving coupon payments in USD. ◾Initial Investment in USD: $1 million USD ◾Face Value: 1 million USD ◾Coupon rate: 6.5% ◾Coupon Payment: 65,000 USD 📝 NOTE: The forex exchange rate I used in this example is based on the yearly average USD/PHP exchange rate from 2013-2022). In this scenario, the US government will be buying a Philippine government bond that will pay them coupons in USD every year. As you can see from the first image, the US government would receive a steady coupon payment worth 65 thousand USD every year, which is 6.5% of their loaned capital of 1 million USD. On the flip side, the Philippine government took the currency fluctuation risks because, as you can see, they paid an amount in USD, which substantially impacted the amount in PHP as it was dependent on the USD/PHP rate at the time they paid their interest on their debt. In this example, the Philippine government paid more in pesos due to the increase in the USD/PHP rate over time. The case would be different if the USD/PHP rate went down, as they would just pay less in their PHP local currency for every USD. Now, let’s see what would happen if the US government instead took on the foreign exchange risk by exchanging their loaned money in Philippine pesos and also accepting a constant coupon amount in Philippine pesos. Scenario No. 2: The US government will be receiving coupon payments in Philippine pesos.
𝗔𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝘁𝗲𝗻𝘁 – 𝗦𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗕𝗼𝗻𝗱𝘀 The terms, sovereign bonds and government bonds, are the same. Don’t confuse these two. It is one of the means for a government to raise additional capital to fund their programmes, pay down old debts, pay interest on their debts, and meet other government spending needs. A government can do this both domestically and internationally. ◾Domestically, they entice people to purchase government bonds using their own currency. They’ll be taking on debt, paying the interest on the debt, and paying the principal after the debt matures in their own currency. For example, the UK government offered the public a 5-year government bond. Interested persons or institutions will be loaning them money in GBP, while the UK government will pay the coupon payments in GBP, the same for the principal amount on their owed debt once the bond matures. ◾Internationally, the riskier the government that will be borrowing money from foreign international investors, governments, and institutions, the more likely it is that they’ll give them a better deal by increasing the coupon rate. Why? Well, in the first place, why would foreign investors, governments, and institutions loan money to a government that has a high risk of default without giving them a better deal? To offset that risk, risky governments usually increase the coupon rate of their bond offerings. If they don’t do this, no one on the international stage will be willing to loan them the required amount of money. For example, you have two bond assets offered to you. The first one is a 10-year US government bond that would give 4.5% per year, and the second one is a 10-year Egyptian government bond that would also give 4.5% per year. What would you choose? The first thing that you should consider is the certainty of the investment. Which one would give the guaranteed interest payment, considering both of them give around 4.5%? Obviously, the US government is almost a risk-free entity compared to the Egyptian government. And that reflects on the credit rating agencies.
𝗔 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗕𝗼𝗻𝗱 𝘁𝗵𝗮𝘁 𝗛𝗮𝘀 𝗮 𝗗𝗲𝗳𝗮𝘂𝗹𝘁 𝗥𝗶𝘀𝗸 “In theory, the US government doesn’t have default risks, not because their government is better run than corporations, but because they usually control the printing of currency and can continue to borrow large amounts of money”. —Investor’s Toolkit: How to Identify and Utilize Risk-Free Assets https://elmads.com/?p=11555 The concept of the US government bond as a default-free asset still holds true to this day, which is wonderful because it would be nice to invest a portion of your hard-earned money in an asset that would pay you the promised coupon amount with 100% certainty, theoretically, over the lifetime of that asset. Well, that’s nice if we live in the US and if we value the cash flows of a company in USD. But what if we’re valuing a company in a different country and in a different currency? Evan That’s easy; you just told us to have consistency. Thus, let’s say, for example, we’re valuing a company whose operations are domestically in the Philippines and uses the Philippine Peso. Then we’ll use the Philippine government bond as our risk-free rate. You got that right! But the Philippines has a default risk, unlike the US, which has a government that is considered default-free. It’s not just the Philippine government that has a default risk on their debts, but also most countries around the world, especially emerging market economies. Yes, you read it right. Most countries, even the top economies of our world as of 2023, which are China, Japan, India, the UK, France, Italy, Canada, and Brazil, all have default risk. “This is predicated on the assumption that governments do not default, at least on local borrowing (on their own currency). There are many emerging market economies and quite a few developed markets where this assumption might not be viewed as reasonable. “ —Aswath Damodaran, Investment Valuation With that said, how could we then approach this problem? How can we have the consistency principle of cash flows and risk-free rates in a currency that has a government that has a default risk?
𝗛𝗼𝘄 𝗧𝗼 𝗨𝘀𝗲 𝗧𝗵𝗲 𝗥𝗶𝘀𝗸-𝗙𝗿𝗲𝗲 𝗥𝗮𝘁𝗲 𝗜𝗻 𝗔 𝗗𝗖𝗙 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 In doing a financial valuation of a business, we project its cash flows into the future for 3–10 years, and then, after the end of our projection, we use the terminal value rate, which is usually based on the risk-free rate of an asset. In my previous blog, “Investor’s Toolkit: How to Identify and Utilize Risk-Free Assets" I wrote that the US government bond rate is considered risk-free, and the current rate is its risk-free rate. 📝 NOTE: The US government bond rate that you’ll use for your risk-free rate is dependent on the number of years of your cash flow projection for a company. If you project 3 years, then you should be using the current 3-year US government bond rate. If you’ll be projecting 5 years, then use the current 5-year US bond rate, and so on and so forth. This forms a system for doing our own valuation. Let’s say you’ve done a 10-year cash flow project for company XYZ. Therefore, you need to find out what the current 10-year US government bond rate is, which you’ll be using as your terminal rate. It’s easy to find the current 10-year US government bond rate; just do a quick Google search. As of this writing, September 10, 2023, the 10-year US government bond rate is at 4.26%. The percentage here would then be used for the terminal rate beyond year 10 of our projected cash flows. In my blog titled “DCF Valuation: Unveiling the Secrets of Intrinsic Value Calculation”, I used Alphabet Inc.’s (a parent company of Google) past 10-year cash flow and a DCF model. In my example, we assumed that it was 2013 and that we were so good that we were able to accurately project the 10-year FCF of Alphabet Inc. from 2013 to 2022. With that, we arrived at its approximate intrinsic value of $31.29 per share in 2013. Back then, I used a 2% terminal rate for it, but now I’ll be utilising the current 10-year yield of 4.26%. Let’s see what happens to its value after changing it from 2% to 4.26%, shall we? SEE 2nd and 3rd Images
𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿’𝘀 𝗧𝗼𝗼𝗹𝗸𝗶𝘁: 𝗨𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗥𝗶𝘀𝗸-𝗙𝗿𝗲𝗲 𝗥𝗮𝘁𝗲 𝗳𝗼𝗿 𝗕𝗲𝘁𝘁𝗲𝗿 𝗗𝗖𝗙 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 The rate of the current US Treasury bond, also known as the US Government bond, is an integral part used by most investors worldwide in their discounted cash flow model—projecting an asset’s cash flow in the future and discounting it in today’s value—which is to know the possible intrinsic value of an asset (businesses, real estate, and stocks). There is this one fact about businesses: all of them want to live and operate forever, but that is unrealistic. Businesses, like humans, have their own lives. They grow mature and eventually die; it’s exactly the same, but the duration of life differs. Some can live for centuries, others for decades, while the majority operate only for days. Businesses usually die in three ways: either through bankruptcy, are acquired by a larger business, or are merged with another business. You might argue that the longest-operating business in the world is Kongo Gumi, a construction company in Osaka, Japan. You have a valid point because Kongo Gumi was established in 578 AD, making it the longest-standing business to date. Operating its business for 1,445 years with thousands of generations of managers who’ve handled it through good and bad times. That’s indeed an impressive feat; there are many more. See the image and link provided below, which shows the oldest companies per country worldwide. https://www.visualcapitalist.com/oldest-companies/ Are you aware of the companies on the list? The century-old operating companies are indeed impressive, but when compared to the hundreds of thousands to millions of businesses that’ve started, these successful, long-standing companies are only miniscule in amount compared to them. There are a lot of businesses that have failed than survived. They’re not just being written about and talked about that much, unlike the success stories. The same can be said with the lives of people; there are a lot more extraordinary and successful biographies than just the memoirs of an average person.
Loving this 1/24th scale model by @feinheitmodels for his Vauxhall Cavalier running on 1/24th scale 16” B-Star RA’s. Looks epic, now if you don’t mind I’m off to search the classifieds 👀 #124th #model #opel #opelvectra #opelmotorsport #vauxhallcavalier #vauxhallowners #vauxhallownersclub #vauxhallgsi #gte #gsi #gsi16v #opelclub #opeltuning #opelkadett #opelcorsa #opelcalibra #124scale #124scalemodel #wheelwednesday #miniwheel #miniture
#124th #NowRoasting #KennyRogersRoasters
Idaho Air Guard Warthog (78-0584) In Abbotsford • • • ©bwaviationphotography • • • #idaho #idahonationalguard #124th #124thfighterwing #a10 #a10warthog #thunderbolt #thunderbolt2 #a10thunderbolt #a10thunderboltii #fighter #airforcereserve #airnationalguard #ang #afrc #airforce #usairforce #usaf #closeairsupport #brrrrrrt #abbotsford #britishcolumbia #abbyairshow #nikon #nikonphotography #skiesmag #airwaysmag #flying #flyingmagazine
#하단헌혈의집 #헌혈은사랑입니다💕 #헌혈하기딱좋은날씨네 #blooddonor #blood_donation #blooddonation #124번째 #124th
. A10 8/22/2022 500mm F8 1/1600th Iso 200 #1dxmarkiii #canon #a10thunderbolt2 #a10thunderboltii #a10warthog #skullbangers #a10 #190thfightersquadron #124th #190fs #aviation #aviationpicture
🦁ありがとう、そしてこれからも。🍻 本日、8月4日の創業祭。 お暑いなかにも関わらず、 サッポロライオンチェーン各店にご来店くださり、 誠にありがとうございました。 皆さまにとって、8月4日「ビヤホールの日」が、 ビールとの素敵な出会い、そして思い出になりますように。 ずっと変わらない、生きている喜びをビールとともに。 － JOY OF LIVING WITH BEER － 写真は#ビヤホールライオン銀座七丁目店 での4年ぶりの乾杯の様子😉 #JOYOFLIVINGをプレゼント #beerstagram #びあすたぐらむ #銀座ライオン #サッポロビール #黒ラベル #サッポロライオン #ビヤホール #ビアホール #sapporo #ビヤホールの日 #半額 #8月4日 #創業祭 #🎉🎉 #ビールで乾杯 #ビールで明日を幸せに #🦁 #124th #anniversary #🍻 #ありがとう
🦁とうとう、本日🍻 8月4日は「ビヤホールの日」 当社サッポロライオンの創業日です。 日本初のビヤホール「恵比壽ビヤホール」は、 銀座の新橋際（現銀座八丁目）にオープンしました。 このビヤホールは、2階建ての煉瓦造りの建物の2階を 間借りして開店したにも関わらず、 当時有名だった小林習古画伯の壁画を飾るなど とても豪華な造りをした店舗だったため 非常に繁盛しました。 遠方から馬車でやってくる人もいたそうです。 明治32年より今日で124年。 これまで続いてこられたのも一重に、 みなさまのご愛顧があってこそです。 一世紀を超えるご愛顧に感謝と、 新しい時代にも変わらぬご愛顧への願いを込めて 全国のサッポロライオンチェーン（一部店舗を除く）において、 取扱いのある生ビール全品を終日半額にてご提供します。 詳しくはこちら‼️ https://www.ginzalion.jp/event/2023/07/0804-beerhall-sougyousai.html #JOYOFLIVINGをプレゼント #beerstagram #びあすたぐらむ #銀座ライオン #サッポロビール #黒ラベル #サッポロライオン #ビヤホール #ビアホール #sapporo #ビヤホールの日 #半額 #8月4日 #創業祭 #🎉🎉 #8月生まれ #ビールで乾杯 #ビールで明日を幸せに #🦁 #124th #anniversary #🍻 #ありがとう
🦁ビヤホールの日、いよいよ明日🍻 8月4日はビヤホールのお誕生日 サッポロライオンの創業日です㊗️ 当日は、#ビヤホールライオン銀座七丁目店 にて 社長の三宅が感謝の気持ちを込め、 お客さまと乾杯をさせていただきます🍻 時間は【18:30】【21:00】の２回！ ライオン式は、「ウオッ！(woh！)」と ライオンの雄たけびで乾杯🦁 皆さまも一緒に、 ＼乾杯ッ woh❗️／ 全国のスタッフが、ご来店を心よりお待ちしております 🚩創業祭イベントはこちらをチェック https://www.ginzalion.jp/event/2023/07/0804-beerhall-sougyousai.html ◆――◆――◆――◆――◆ club LION アプリでは、 各店の「840円逸品メニュー」コンテストを開催中！ 各店のメニューを召し上がったあなたが審査員！ お気に入りのメニューに投票してお店を応援しましょう♪ 栄光を手にするのはどのメニュー！？ ↓アプリのダウンロードはこちら https://yappli.plus/clublion-link ◆――◆――◆――◆――◆ #JOYOFLIVINGをプレゼント #beerstagram #びあすたぐらむ #銀座ライオン #サッポロビール #黒ラベル #サッポロライオン #ビヤホール #ビアホール #sapporo #ビヤホールの日 #半額 #8月4日 #創業祭 #🎉🎉 #8月生まれ #ビールで乾杯 #ビールで明日を幸せに #社長と乾杯 #🦁 #124th #anniversary #Cheers #Toast #Prost #🍻
I’m back to the Festival!!!✨ • I’m so so happy and excited to announce that we are a week away from the 124th Tontitown Grape Festival here in Tontitown, AR📍✨ • As a small business is a huge step and amazing experience being part of an arts and crafts fair! I get to know each other of you guys and thank you for supporting my business in person!!💖 • You will get to know over other +30 small businesses💫 and also spaghetti dinners 🍝 free entertainment 🎼🎟️🎭 and be part of the grape stomp🦶🏼🍇! • The festival is FREE admission🗓️✨ so I hope I can see y’all there!!!💖 #tontitownarkansas #grapefestival #124th #smallbusinessowner #supportsmallbusiness #supportlocalbusiness #shopthere #arkansas #tontitowngrapefestival #tontitownnwa #nwa
I fell in love with her when we were together, then fell deeper in love with her in the years, months, and days we were apart... #124th #30th #ChellangparakayMigie
. That's what's up! 500mm F6.3 1/3200 sec Iso 200 #Warthog #hog #hawg #1dxmarkiii #canon #a10thunderbolt2 #a10thunderboltii #a10warthog #skullbangers #a10 #190thfightersquadron #124th #190fs #aviation #aviationpicture #June #16th #2023
#124 #day #drawing #edding #eddingmarker #molotowmarkers #a #r #t #today #tomorrow #graffitiart #graffiti #abstract #abstractart #everyday #draw #draweverynight @piggs_style #night #drawing #graffiti #graffitiart #sketch #art #made #by #human #124th #listening #globalgoon #commondream #hoganordrekords #adeptaeditions
. Nothing to see here 500mm F5.6 1/2500 sec Iso 160 #Warthog #hog #hawg #1dxmarkiii #canon #a10thunderbolt2 #a10thunderboltii #a10warthog #skullbangers #a10 #190thfightersquadron #124th #190fs #aviation #aviationpicture #June #23rd #2023
. A10 ... in reverse 500mm F5.6 1/2500 sec Iso 160 #1dxmarkiii #canon #a10thunderbolt2 #a10thunderboltii #a10warthog #skullbangers #a10 #190thfightersquadron #124th #190fs #aviation #aviationpicture #June #23rd #2023