> How much would you pay for something that has X% (where X > 0) risk, and 0% growth? Surely at least book value, in case that risk is not infinite? > a compa

> How much would you pay for something that has X% (where X > 0) risk, and 0% growth? Surely at least book value, in case that risk is not infinite? > a company that doesn't grow is fairly worthless to most investors other than for some other strategic logic, because they usually have other, better places to put their money. A company is a money making machine. If it doesnt work it produces each year the same amount of money. How can that be worthless?