21. Q&A! Prop Trading, DCF vs. LBO, Beta, Consulting vs. Banking and More!

We tackle these listener questions and more in our latest Q&A episode! 1. What is the difference is between prop trading and the trading you hear about in the sales & trading division of an investment bank? And how does a prop shop differ from a hedge fund?2. When running a DCF and choosing your beta for CAPM, when do you use the industry average beta vs. when do you use the company beta? We also get into predicted betas vs. historicals, levering and unlevering betas, if R...