3 ms·
Don't forget opportunity cost. The future profits need to be higher than the $5B plus liquidation value, PLUS the expected value of another investment at the ma
by sicromoft 7y ago
Don't forget opportunity cost. The future profits need to be higher than the $5B plus liquidation value, PLUS the expected value of another investment at the margin.
- H8crilA 7y agoOh yeah you can use the yield curve to discount future flows, and then demand something extra on top of that (Graham's margin of safety).