3 ms·
Doesn't that contradict noego's ultimate point?
by nootka 7y ago
Doesn't that contradict noego's ultimate point?
- sokoloff 7y agoA company that has an extra $100MM in cash will have a market cap approximately $100MM higher than the same company without the extra cash. noego's point is that that $100MM might be more valuable if freed up to invest in a risk-asset, but not that is has no value whatsoever.