The Art of Balancing Analysis and Intuition
Imagine being a CEO and presenting your Board with a proposal for a major acquisition that could double the size of your company – or destroy it if things go pear-shaped. The Board would expect you to present a detailed valuation, risk analysis, and a clear understanding of synergies before they gave you the green light to proceed. But the dirty little secret is that, despite the perceived comfort of all of this analytical work, changing one or two assumptions buried deep in
