What are the bugaboos of leading BV practitioners? For Roger Grabowski (Duff & Phelps/Kroll), it’s errors he sees in estimating long-term growth rates—he contends that analysts should not be using long-term real GDP growth plus expected inflation. For Chris Mercer (Mercer Capital), it’s analysts who cling to the myth that the “typical” range of restricted stock discounts is from about 25% to 45%, with an average of about 35%. For Jay E. Fishman (Financial Research Associates), it’s valuation experts who fail to realize their limitations and do not reach out for specialized help. These three luminaries also tackled some “grievances” from the audience in a lighthearted Festivus-themed Power Panel webinar (a recording will be available shortly). Unfortunately, there was no time for the final Festivus tradition—the Feats of Strength. Maybe next time!