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> tech companies which make most of their profits in the future Nobody can predict the future, not even you.
by dventimi 4y ago
> tech companies which make most of their profits in the future
Nobody can predict the future, not even you.
- acchow 4y agoYou don’t need to predict the future. The fair value of a company is the discounted future cash flows. Increase the discount rate and the valuation falls
- dventimi 4y agoNobody knows future cash flows.
- JamesBarney 4y agoI think if you're an investor and you value companies not just on how they are doing today but but how you think they will do in the future you will be more successful than if you just look at today's numbers.