Lectures on F.Cap

Lecture (April 17th/26): Valuation Models & Logical Traps

Fri, 10 Apr 2026 00:00:00 +0200

We will host our third lecture on April 17th with our Portfolio Manager Gustaf Haglund.

Topic: Valuation Models & Logical Traps

Valuation models fail less because of math, more because of the assumptions we smuggle into them.

We will go through DCF, WACC and scenario modelling from a systems perspective:

where structure matters, where industries diverge, and where models silently break.

Investor Lens: The biggest valuation errors come from structural blind spots, not from discount rates.

Lecture (March 5th/26): Incentives & Corporate Governance

Thu, 26 Feb 2026 00:00:00 +0100

Slides are available here

We will host our second lunch lecture on March 5th with our Portfolio Manager Gustaf Haglund. Topic: Incentives & Corporate Governance

Why governance failures rarely come from ignorance but almost always from misaligned incentives, and how insiders shape outcomes long before numbers reveal it.

Investor Lens: Profits ≠ value when the incentive architecture is wrong. Understanding who gets paid, for what, and when, is often more revealing than any KPI.