And B is for Bonehead…

From the good-humored folks at Better Capital in the UK comes Private Equity A-Z, an amusing glossary of terms.  My personal favorite is probably:

D: DCF analysis (aka Deceit by Computer Fraud); A highly scientific and extremely unreliable method of valuing companies…

And if you have not seen it before, it’s worth revisiting Bessemer’s Anti-Portfolio, with wonderfully self-deprecating descriptions of how the firm passed on an early-stage investments in Apple, eBay, FedEx, and Google. And does not quote Dr. Dre.