Page 1
Indiana reference alpha Portfolio Coupon rate Semi-annual
Contract Volatility Warren Buffett “Most important concept in all finance”
Butler 'acknowledges' a late arrival
binomial Gratuitous animation on a slide
FREE SPACE! Butler takes a poll Discount rate
covariance Efficient capital market Investment bank Junk bond Butler says a pun
Accounting Non-marmot animal on slide
Louisiana reference Butler drinks at least half his water
ROA
Page 2
Gratuitous animation on a slide
Butler drinks at least half his water
Cash flow Discount rate Arbitrage
mortgage Alabama reference Butler uses Solver in Excel
Indiana reference Arkansas reference
Elicits "Price of an asset" definition from Kanna
Default risk FREE SPACE! Efficient capital market Butler has a pun on screen
Opportunity cost Nasdaq In the real world air quotes Butler 'acknowledges' a late arrival
Maturity Butler cold-calls a cell phone user
Payback Butler uses more than two colors of whiteboard marker in one problem
Yield
Page 3
Payback Louisiana reference What do we do first? Yield cartoon appears on slide
covariance Sunk cost Future cash flow Bond Mathematically impossible
Volatility Extortion FREE SPACE! laser pointer Content slide not in the slide deck shows up
Venture capital AV malfunction IPO Coupon rate “Appropriate discount rate”
Net capital spending PVIFA correlation Present value Elicits "Price of an asset" definition from Kanna
Page 4
Louisiana reference Balance sheet Annuity Butler uses more than two colors of whiteboard marker in one problem
Venture capital
EPR Butler tells what should be an embarrassing personal story
Rocket scientist Alabama reference Excelercise
Gratuitous animation on a slide
AV malfunction FREE SPACE! Junk bond Butler 'acknowledges' a late arrival
Zeff reference S&P500 Butler changes the overhead lighting
correlation Yield
Volatility Butler uses goal seek in Excel
Calculate Investment bank Mutual fund
Page 5
In the real world Calculate “Slide deck” sad baby Elicits "Price of an asset" definition from Kanna
Butler walks into the crowd
Butler tells what should be an embarrassing personal story
Butler uses more than two colors of whiteboard marker in one problem
Coupon rate Maturity
Zeff reference Timeline is drawn on board
FREE SPACE! Bloomberg Dividends
correlation Butler makes reference to old days at Rice
Income statement Marmot on slide Butler's tie color matches slide color in some way
Indiana reference Balance sheet Bond Excelercise Portfolio
Page 6
short sell Content slide not in the slide deck shows up
Time value of money ROA Balance sheet
Bloomberg Par fishing reference PVIFA In the real world
Story about former student
Butler drinks at least half his water
FREE SPACE! Louisiana reference Sunk cost
Dr. Dre EMBA or Executive MBA
Efficient capital market Junk bond Effective annual rate
Wall Street Journal Yield Economics Butler walks into the crowd
Coupon rate
Page 7
Opportunity cost Butler tells what should be an embarrassing personal story
Balance sheet Economics Butler says a pun
Slide background matches text
Excelercise S&P500 Butler 'acknowledges' a late arrival
laser pointer
Wall Street Journal Arbitrage FREE SPACE! More than three people have their hand raised simultaneously
Timeline is drawn on board
Non-marmot animal on slide
Butler's tie color matches slide color in some way
Junk bond Depreciation Sunk cost
Contract Extortion Black-Scholes Content slide not in the slide deck shows up
fishing reference
Page 8
Butler tells what should be an embarrassing personal story
Butler takes a poll Portfolio Butler cold-calls a cell phone user
Alabama reference
“Appropriate discount rate”
WACC Dr. Dre Operating cash flow Event study
Depreciation Present value FREE SPACE! Maturity Balance sheet
Celebrity slide background
Sunk cost Price is equal to the present value of…
Extortion Net capital spending
Butler walks into the crowd
Butler 'acknowledges' a late arrival
I love you guys Nasdaq Indiana reference
Page 9
Butler uses Solver in Excel
Cash flow sad baby Mathematically impossible
Arkansas reference
Butler makes reference to old days at Rice
WACC Timeline is drawn on board
Income statement Butler uses more than two colors of whiteboard marker in one problem
Default risk Option FREE SPACE! covariance Bond
Butler tells what should be an embarrassing personal story
Mutual fund “True story” Amortization fishing reference
correlation Story about former student
Indiana reference Investment bank Junk bond
Page 10
Warren Buffett Sunk cost Butler 'acknowledges' a late arrival
Rocket scientist Butler has a pun on screen
Zero-coupon bond Slide background matches text
“True story” Semi-annual IPO
Effective annual rate Dr. Dre FREE SPACE! Present value Wall Street Journal
Butler drinks at least half his water
In the real world Butler walks into the crowd
Bi-annual Income statement
Non-marmot animal on slide
What do we do first? Future cash flow Butler's tie color matches slide color in some way
cartoon appears on slide
Page 11
Opportunity cost I love you guys Time value of money Louisiana reference Portfolio
Default risk mortgage Celebrity slide background
Butler calls on Matthew Simonette
Future cash flow
Fed Coupon rate FREE SPACE! Dr. Dre ROA
Volatility Zeff reference Bi-annual Butler changes the overhead lighting
Butler makes reference to old days at Rice
Extortion PVIFA laser pointer Butler takes a poll Marmot on slide
Page 12
Butler's tie color matches slide color in some way
More than three people have their hand raised simultaneously
laser pointer Cash flow Warren Buffett
Coupon rate Rocket scientist Butler walks into the crowd
Effective annual rate Annuity
PVIFA Wall Street Journal FREE SPACE! Junk bond Dividends
Elicits "Price of an asset" definition from Kanna
Butler uses more than two colors of whiteboard marker in one problem
Payback mortgage Agency problem
Trial and error cartoon appears on slide
Black-Scholes Butler says a pun “Most important concept in all finance”
Page 13
In the real world Excel Butler calls on Matthew Simonette
Diversify “Slide deck”
Rocket scientist Butler tells what should be an embarrassing personal story
More than three people have their hand raised simultaneously
Story about former student
Alabama reference
short sell Beta FREE SPACE! Butler's tie color matches slide color in some way
Par
Event study Butler says a pun Income statement correlation Nasdaq
Agency problem Efficient capital market Trial and error Zero-coupon bond Balance sheet
Page 14
Bond Effective annual rate sad baby Extortion IRR
Discount rate Butler says a pun WACC covariance Fed
Portfolio fishing reference FREE SPACE! Arbitrage Gratuitous animation on a slide
Par Maturity Bi-annual Event study Future cash flow
Butler takes a poll Butler drinks at least half his water
Butler makes reference to old days at Rice
short sell Content slide not in the slide deck shows up
Page 15
Marmot on slide cartoon appears on slide
What do we do first? IRR PVIFA
Butler tells what should be an embarrassing personal story
Investment bank Diversify More than three people have their hand raised simultaneously
Content slide not in the slide deck shows up
Future cash flow Time value of money FREE SPACE! Butler changes the overhead lighting
I love you guys
laser pointer Semi-annual Accounting EMBA or Executive MBA
Operating cash flow
Wall Street Journal Extortion Butler says a pun Elicits "Price of an asset" definition from Kanna
S&P500
Page 16
Butler calls on Matthew Simonette
Butler walks into the crowd
WACC Par S&P500
More than three people have their hand raised simultaneously
Sunk cost “Slide deck” correlation Butler uses more than two colors of whiteboard marker in one problem
Bloomberg Hedge fund FREE SPACE! Dr. Dre sad baby
Warren Buffett Portfolio laser pointer EMBA or Executive MBA
Yield
IRR Maturity Slide background matches text
Beta Story about former student
Page 17
PVIFA What do we do first? “Slide deck” AV malfunction Investment bank
F-Bomb Butler tells a terrible joke
Venture capital Excel Elicits "Price of an asset" definition from Kanna
Fed Accounting FREE SPACE! Black-Scholes Celebrity slide background
Butler tells what should be an embarrassing personal story
“True story” Slide background matches text
Agency problem Annuity
Bloomberg Arbitrage Net capital spending Price is equal to the present value of…
Butler uses goal seek in Excel
Page 18
WACC Excelercise Amortization Annuity Cash flow
Venture capital Investment bank Butler uses goal seek in Excel
Opportunity cost Mathematically impossible
Arbitrage Accounting FREE SPACE! Present value Butler makes reference to old days at Rice
Slide background matches text
Indiana reference Butler drinks at least half his water
IPO Dr. Dre
Butler uses more than two colors of whiteboard marker in one problem
Marmot on slide Semi-annual Non-marmot animal on slide
Louisiana reference
Page 19
fishing reference mortgage Par laser pointer Butler has a pun on screen
Payback Butler calls on Matthew Simonette
sad baby Wall Street Journal Sunk cost
Investment bank Content slide not in the slide deck shows up
FREE SPACE! Event study Mathematically impossible
Zeff reference Alabama reference “Most important concept in all finance”
Income statement Agency problem
Beta Semi-annual Diversify Accounting Net capital spending
Page 20
Butler uses more than two colors of whiteboard marker in one problem
Butler tells what should be an embarrassing personal story
Bond F-Bomb “Most important concept in all finance”
More than three people have their hand raised simultaneously
Butler cold-calls a cell phone user
Warren Buffett WACC Butler uses goal seek in Excel
Butler changes the overhead lighting
AV malfunction FREE SPACE! ROA Economics
cartoon appears on slide
Elicits "Price of an asset" definition from Kanna
Yield Celebrity slide background
Butler says a pun
correlation Default risk Time value of money Gratuitous animation on a slide
Bi-annual
Page 21
Butler calls on Matthew Simonette
I love you guys Rocket scientist Butler tells what should be an embarrassing personal story
“Slide deck”
Payback Operating cash flow Wall Street Journal Hedge fund Yield
Butler has a pun on screen
EMBA or Executive MBA
FREE SPACE! Story about former student
Time value of money
PVIFA Diversify WACC Butler cold-calls a cell phone user
Annuity
Butler uses goal seek in Excel
Butler uses Solver in Excel
Sunk cost Opportunity cost Slide background matches text
Page 22
Semi-annual Depreciation EMBA or Executive MBA
Butler tells a terrible joke
Non-marmot animal on slide
Dividends Celebrity slide background
Zero-coupon bond Annuity Price is equal to the present value of…
Yield Slide background matches text
FREE SPACE! Butler tells what should be an embarrassing personal story
fishing reference
Excelercise EPR “Appropriate discount rate”
Excel laser pointer
Trial and error Black-Scholes Butler's tie color matches slide color in some way
Gratuitous animation on a slide
Volatility
Page 23
fishing reference Par laser pointer Balance sheet Alabama reference
Income statement Zeff reference Agency problem Butler drinks at least half his water
Economics
Butler uses Solver in Excel
short sell FREE SPACE! Operating cash flow Butler changes the overhead lighting
Yield What do we do first? Bi-annual Contract Portfolio
Bond Semi-annual Butler makes reference to old days at Rice
Efficient capital market I love you guys
Page 24
“Appropriate discount rate”
Income statement cartoon appears on slide
Semi-annual EMBA or Executive MBA
Nasdaq Amortization Sunk cost Butler calls on Matthew Simonette
EPR
Annuity Butler takes a poll FREE SPACE! Net capital spending covariance
Extortion binomial correlation Arbitrage Zeff reference
“True story” Agency problem IPO Slide background matches text
Discount rate
Page 25
IPO Efficient capital market Coupon rate Income statement Bond
“Slide deck” Story about former student
EMBA or Executive MBA
Cash flow “Appropriate discount rate”
Extortion Present value FREE SPACE! Hedge fund air quotes
Bloomberg Butler tells a terrible joke
Butler says a pun Celebrity slide background
F-Bomb
Semi-annual laser pointer Depreciation Butler tells what should be an embarrassing personal story
Nasdaq
Page 26
Celebrity slide background
Dr. Dre Butler tells what should be an embarrassing personal story
Butler uses Solver in Excel
Arbitrage
Payback Nasdaq alpha Bond Black-Scholes
Accounting Portfolio FREE SPACE! Yield Extortion
Elicits "Price of an asset" definition from Kanna
Diversify Bloomberg F-Bomb Junk bond
Balance sheet Price is equal to the present value of…
PVIFA Venture capital Marmot on slide
Page 27
S&P500 Par Slide background matches text
Nasdaq Warren Buffett
Accounting PVIFA Venture capital Diversify Story about former student
Elicits "Price of an asset" definition from Kanna
Rocket scientist FREE SPACE! Cash flow covariance
AV malfunction Fed Amortization EPR Alabama reference
mortgage “Most important concept in all finance”
Butler takes a poll What do we do first? Butler 'acknowledges' a late arrival
Page 28
Alabama reference Default risk Operating cash flow Butler tells a terrible joke
Story about former student
Bond Butler calls on Matthew Simonette
“True story” In the real world Nasdaq
Volatility WACC FREE SPACE! laser pointer Timeline is drawn on board
Black-Scholes Butler has a pun on screen
Wall Street Journal Efficient capital market Celebrity slide background
Junk bond correlation I love you guys EPR Option
Page 29
Balance sheet Yield Butler has a pun on screen
Dr. Dre Butler makes reference to old days at Rice
Depreciation Marmot on slide Butler takes a poll Butler drinks at least half his water
Effective annual rate
Bi-annual Butler walks into the crowd
FREE SPACE! Trial and error Event study
Arbitrage What do we do first? Payback Semi-annual Butler tells a terrible joke
In the real world Story about former student
Non-marmot animal on slide
Louisiana reference Butler uses Solver in Excel
Page 30
air quotes Butler has a pun on screen
IPO Volatility Arbitrage
In the real world Zero-coupon bond Maturity laser pointer Mutual fund
Cash flow Event study FREE SPACE! “Most important concept in all finance”
Butler uses Solver in Excel
Fed Warren Buffett Coupon rate F-Bomb Arkansas reference
Depreciation Butler calls on Matthew Simonette
What do we do first? Annuity Bloomberg
Page 31
Diversify Amortization Louisiana reference cartoon appears on slide
Opportunity cost
What do we do first? “Slide deck” Slide background matches text
Butler tells a terrible joke
Operating cash flow
Elicits "Price of an asset" definition from Kanna
Bond FREE SPACE! IPO Butler drinks at least half his water
Time value of money AV malfunction Non-marmot animal on slide
Wall Street Journal Investment bank
Hedge fund Zeff reference Beta Butler uses goal seek in Excel
Marmot on slide
Page 32
PVIFA Butler says a pun Non-marmot animal on slide
Payback Beta
Fed Dr. Dre Default risk mortgage In the real world
EMBA or Executive MBA
Par FREE SPACE! laser pointer ROA
More than three people have their hand raised simultaneously
sad baby Celebrity slide background
Cash flow Louisiana reference
What do we do first? Arbitrage Gratuitous animation on a slide
Slide background matches text
S&P500
Page 33
Warren Buffett Wall Street Journal Gratuitous animation on a slide
Beta Economics
Junk bond Louisiana reference Present value F-Bomb ROA
What do we do first? Efficient capital market FREE SPACE! Hedge fund Butler tells what should be an embarrassing personal story
Butler tells a terrible joke
cartoon appears on slide
Maturity Investment bank Butler's tie color matches slide color in some way
Butler uses more than two colors of whiteboard marker in one problem
Butler 'acknowledges' a late arrival
Bi-annual Zeff reference Discount rate
Page 34
Butler makes reference to old days at Rice
EMBA or Executive MBA
Present value Zero-coupon bond Calculate
Par Operating cash flow Dr. Dre Agency problem “Slide deck”
Elicits "Price of an asset" definition from Kanna
Option FREE SPACE! Butler drinks at least half his water
F-Bomb
Event study Timeline is drawn on board
Bloomberg Future cash flow Effective annual rate
correlation Investment bank Butler takes a poll Butler uses goal seek in Excel
Opportunity cost
Page 35
Bloomberg Cash flow Contract Marmot on slide Agency problem
I love you guys Net capital spending Default risk Butler uses Solver in Excel
“Appropriate discount rate”
Economics ROA FREE SPACE! Future cash flow Mathematically impossible
Alabama reference laser pointer Louisiana reference cartoon appears on slide
Opportunity cost
Mutual fund Butler uses goal seek in Excel
Efficient capital market Timeline is drawn on board
Nasdaq
Page 36
Excelercise “Slide deck” Zeff reference Opportunity cost Depreciation
Venture capital Black-Scholes Bond Calculate covariance
Accounting Price is equal to the present value of…
FREE SPACE! Sunk cost “True story”
Nasdaq F-Bomb Excel fishing reference Bi-annual
Coupon rate Yield Cash flow Louisiana reference Fed
Page 37
In the real world Wall Street Journal Operating cash flow Option binomial
Effective annual rate S&P500 Net capital spending Slide background matches text
fishing reference
Junk bond WACC FREE SPACE! Sunk cost Discount rate
alpha Bi-annual “Appropriate discount rate”
Butler changes the overhead lighting
Amortization
More than three people have their hand raised simultaneously
Time value of money Zero-coupon bond Non-marmot animal on slide
Default risk
Page 38
Economics Butler 'acknowledges' a late arrival
Louisiana reference cartoon appears on slide
Income statement
Butler tells a terrible joke
Present value Butler calls on Matthew Simonette
Net capital spending Marmot on slide
Butler cold-calls a cell phone user
In the real world FREE SPACE! Yield Venture capital
Butler changes the overhead lighting
WACC Par “Appropriate discount rate”
Nasdaq
Arbitrage Content slide not in the slide deck shows up
Depreciation Alabama reference Celebrity slide background
Page 39
Time value of money Nasdaq Maturity alpha Butler uses Solver in Excel
Beta Butler says a pun I love you guys “Most important concept in all finance”
Accounting
Black-Scholes EPR FREE SPACE! Butler 'acknowledges' a late arrival
Investment bank
Arbitrage What do we do first? Excel Butler changes the overhead lighting
Mutual fund
“Appropriate discount rate”
air quotes Dr. Dre Net capital spending correlation
Page 40
Contract Wall Street Journal Butler's tie color matches slide color in some way
Marmot on slide Operating cash flow
mortgage Payback Junk bond Butler uses goal seek in Excel
Trial and error
Elicits "Price of an asset" definition from Kanna
I love you guys FREE SPACE! Maturity IPO
Warren Buffett Annuity Butler tells a terrible joke
Louisiana reference Butler says a pun
covariance Alabama reference Fed Butler has a pun on screen
Coupon rate
Page 41
EPR Butler uses more than two colors of whiteboard marker in one problem
Agency problem Calculate “Slide deck”
“True story” Louisiana reference Arbitrage What do we do first? Zero-coupon bond
Excel “Appropriate discount rate”
FREE SPACE! Dr. Dre Black-Scholes
Celebrity slide background
“Most important concept in all finance”
Butler says a pun Butler makes reference to old days at Rice
Coupon rate
S&P500 Rocket scientist Butler walks into the crowd
Option Warren Buffett
Page 42
Extortion Butler uses Solver in Excel
Depreciation Price is equal to the present value of…
Indiana reference
Calculate Elicits "Price of an asset" definition from Kanna
EPR Income statement Butler tells a terrible joke
Semi-annual Fed FREE SPACE! What do we do first? Butler uses goal seek in Excel
Economics short sell Mutual fund Gratuitous animation on a slide
Contract
Portfolio IRR Time value of money Dividends Present value
Page 43
In the real world I love you guys Butler makes reference to old days at Rice
Operating cash flow Semi-annual
Bi-annual cartoon appears on slide
Net capital spending Louisiana reference Payback
binomial Mutual fund FREE SPACE! Butler drinks at least half his water
Arbitrage
IPO sad baby Maturity Investment bank Butler takes a poll
Butler 'acknowledges' a late arrival
Yield Effective annual rate EMBA or Executive MBA
Agency problem
Page 44
Butler makes reference to old days at Rice
In the real world Venture capital Butler has a pun on screen
Balance sheet
Butler changes the overhead lighting
Economics Agency problem PVIFA correlation
Volatility Dividends FREE SPACE! Arkansas reference Par
Butler takes a poll Content slide not in the slide deck shows up
Amortization short sell Wall Street Journal
Depreciation Cash flow Trial and error F-Bomb Investment bank
Page 45
WACC Butler 'acknowledges' a late arrival
Diversify Butler's tie color matches slide color in some way
EMBA or Executive MBA
Yield Bond Dividends cartoon appears on slide
Balance sheet
Story about former student
“True story” FREE SPACE! Future cash flow ROA
short sell Warren Buffett binomial Butler uses Solver in Excel
More than three people have their hand raised simultaneously
Content slide not in the slide deck shows up
Arkansas reference Semi-annual Efficient capital market Butler drinks at least half his water
Page 46
Payback correlation Bond Content slide not in the slide deck shows up
EPR
Trial and error Beta ROA “Most important concept in all finance”
Extortion
Butler has a pun on screen
Dr. Dre FREE SPACE! binomial Butler drinks at least half his water
IRR Wall Street Journal Zero-coupon bond Price is equal to the present value of…
Sunk cost
What do we do first? Slide background matches text
Economics Hedge fund I love you guys
Page 47
Depreciation Content slide not in the slide deck shows up
Investment bank Marmot on slide EPR
Butler changes the overhead lighting
Alabama reference PVIFA Story about former student
Celebrity slide background
Calculate Butler makes reference to old days at Rice
FREE SPACE! Trial and error correlation
IRR Butler has a pun on screen
Slide background matches text
Butler tells a terrible joke
Timeline is drawn on board
binomial Dr. Dre Bond Butler 'acknowledges' a late arrival
Nasdaq
Page 48
“Appropriate discount rate”
F-Bomb Excelercise fishing reference Arbitrage
Operating cash flow Warren Buffett AV malfunction Income statement Butler makes reference to old days at Rice
Cash flow Butler uses goal seek in Excel
FREE SPACE! Depreciation Slide background matches text
Accounting Default risk I love you guys Option alpha
Venture capital Trial and error Amortization Maturity Butler has a pun on screen
Page 49
IPO Opportunity cost Accounting Dr. Dre correlation
“True story” S&P500 Nasdaq Maturity Income statement
EPR Net capital spending FREE SPACE! Price is equal to the present value of…
Discount rate
binomial alpha Depreciation Dividends Arkansas reference
I love you guys IRR Volatility Diversify Butler says a pun
Page 50
EPR air quotes Gratuitous animation on a slide
More than three people have their hand raised simultaneously
mortgage
Portfolio Yield S&P500 Junk bond fishing reference
“Appropriate discount rate”
Amortization FREE SPACE! Zero-coupon bond Content slide not in the slide deck shows up
Annuity EMBA or Executive MBA
Event study Hedge fund Operating cash flow
covariance ROA Story about former student
Elicits "Price of an asset" definition from Kanna
Excel