I work primarily with small private companies so this was incredibly helpful

Wow!! Respect (and gratitude) from me!!

3:48 Market betas are derived from a regression of the returns in the stock vs the returns of the market index 4:52 method of calculating the specific company risk: how to get the data for the average correlation of the stock's industry?

Thanks once again Professor! We all thank you for sharing your thoughts with us.

Professor, By dividing the unlevered average public beta by average market correlation, I understand that this adjusts for the non-diversifiable risk. In theory, does this account for lack of marketability/liquidity? The additional risk for not being publicly traded is reflected in the Beta, where it is multiplied by MRP, so this would make sense.

danke

Genius

Good attempt but real life examples are few.