Finance
What is enterprise value, and how is it different from equity value?
EV = value of the entire firm; Equity Value = value attributable to shareholders.
What’s the smallest country in the world?
The Vatican
Who passed away on September 2025 from the fashion industry?
Giorgio Armani
Which UK stock index hit a fresh closing high even as gold and silver prices plunged sharply?
FTSE 100
What gets smaller every time it takes a bath?
Soap
Why do we add debt but subtract cash when calculating enterprise value?
Debt is a claim on the business; cash is non-operating and reduces net cost.
This country’s flag is the only national flag that is not rectangular.
Nepal
This French Netflix series starring Omar Sy is about a modern-day gentleman thief.
Lupin
Which macro fear re-emerged as oil rose and metals fell simultaneously?
Stagflation risk
Which word in the dictionary is spelled incorrectly?
Incorrectly
Why might two companies with the same EBITDA have very different valuations?
Growth, margins, risk, capital structure, reinvestment needs.
How many time zones are there in Russia?
11
What is the name of Disney’s first film?
Snow White
On Feb 4, 2026, which mega-cap pharma stock slumped about 14.6% after saying it expects a steep sales decline, dragging the health sector down with it?
Novo Nordisk
It has keys, but no locks. It has space, but no room. You can enter, but can’t go inside. What is it?
Keyboard
How does issuing debt affect a company’s WACC?
Generally lowers WACC up to a point due to tax shield, then increases due to financial risk.
What country has the most islands in the world?
Sweden
Who won Grammy Award for Album of the Year in 2026?
Bad Bunny
On feb 2nd 2926, news came out that bondholders prepared to sue a government over its $1bn defaulted Eurobond. Which country was it?
Ethiopia
What kind of ship has two mates but no captain?
A relationship
What valuation multiples would you use for a capital-intensive company? Why?
EV/EBITDA rather than P/E, because leverage and depreciation distort net income.
Name the 2 countries in South America without a coastline.
Bolivia and Paraguay.
Which President of WiF was known to have beautifully styled hair?
Nina
A mining giant faced a UK Takeover Code “put up or shut up” with the deadline being this afternoon at 5pm London time. Which bidder and target were involved?
Rio Tinto and Glencore
Paul's height is six feet, he's an assistant at a butcher's shop, and wears size 9 shoes. What does he weigh?
Meat