Burning the textbook on valuations – how do I value anything in a time of social media madness?

The Kardashians. Former billionaire-turned-US-President Donald Trump. Billionaire Sir Richard Branson. And most recently, billionaire Elon Musk. These celebrities and celebrity entrepreneurs all seem to love the platform that social media provides them to share their opinions and views, sometimes without really considering the consequences thereof for the ‘normal’ person living the real life.

How often have you wished you could have known about Elon’s next Twitter Tweet relating to Bitcoin, so you could either pre-buy or pre-sell your own Bitcoins depending on what he will say, or Tweet, next?!

Living in a time of social media madness, where the number of Instagram or TikTok followers determines the value and weight of your opinions, how do you truly determine the fair value of assets that are highly susceptible to such extreme volatility? Elon Musk tweets about a possible tax liability for Tesla and its share values tumble from one day to the next.

Are the original principles relating to valuations, even applicable anymore, especially when looking at the concept of digital assets? Or are we in desperate need of a new approach when determining fair value for such elements in the financial statements? In this live CPD event, we hear what the analysts of financial statements have to say about fair value determination and how the volatility factor is managed within this sphere. In joining us, you will also be developing the following professional competencies: