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That's one of those classic disingenuous gotcha comments. The fact that there's a pretty common way to value public companies doesn't mean that you can make a
by TomVDB 5y ago
That's one of those classic disingenuous gotcha comments.
The fact that there's a pretty common way to value public companies doesn't mean that you can make a fortune with it, because it sweeps aside the importance of time.
Have you never heard of Keynes' classic "The markets can remain irrational longer than you can remain solvent" ?
- chrisseaton 5y agoIt’s not irrational to value a company based on the people working on it or what you think the potential of the product is, rather than just what their financials are doing right now. That’s what investors do everywhere - why do you think we have analysts looking at product plans and things?
- TomVDB 5y agoNobody claimed that future outlook isn’t part of the analysis.