8 ms·
It seems like this author doesn't quite understand what they're trying to communicate here. I'm surprised this was published by the Atlantic which I generally r
by pembrook 8y ago
It seems like this author doesn't quite understand what they're trying to communicate here. I'm surprised this was published by the Atlantic which I generally regard as a competent media property. There's some fundamental misunderstandings of how finance works and what the DOW is vs. other indexes.
For example, he doesn't seem to understand that a company's valuation (his Amazon reference) is a function of its discounted future cash flows, not present value.
- vpribish 8y agoThe Atlantic has really dropped in quality over the last few years - while also showing up more often in the social media echo-chambers. I ignore it now
- skybrian 8y agoJudging by publication name means you're missing out on some great authors. Ed Yong for science writing, for example. The best way to do it is to subscribe to authors you think are good via RSS.
- elgenie 8y agoThe sum of discounted future cash flows is present value.