Role of Valuation Analysis: As a parting comment, Mr. Packer shouts out after your team: ‘what’s the point of any of the stuff that you guys do anyway? Everyone knows that financial markets are broken and that valuation analysis is useless!’ Do you agree or disagree? Do you think valuation analysis is obsolete? Do you think the role of valuation analysis has changed? Where do you think valuation analysis is most or least useful? (You do not need to consider all of these questions – feel free to focus on what interests you the most.)

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