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I'm doing just fine. Go ahead and invest in companies with 0% growth and see how well you do with your retirement. Yes, companies can have a positive 'book /

I'm doing just fine. Go ahead and invest in companies with 0% growth and see how well you do with your retirement. Yes, companies can have a positive 'book / enterprise' value that must be heavily discounted by all kinds of risks, and future 0% growth cash flows even much heavily discounted, in which case, theoretically, yes, there are a few companies around that might have giant pools of liquid assets that might be worth something ... ... but in general, companies that don't grow are worthless. Owning a quickly evaporating pool of cash vs. one that is growing, compounds quickly over time.

yazaddaruvala 4y ago
I think you have mistaken “growth” to mean “stock growth”. The rest of this thread is talking about y/y revenue and profit growth. If profits are sustained at $100 BB annually every year perpetually, and I own 0.01% of the company. They can afford to (and can be made obligated to) pay me $10 MM annually through dividends or equivalent stock buy backs. This is a useful company, and I would buy its stock for the right price.