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they are generally accepted by the accounting profession. but not by investors. investors tend to focus on cash flow. at least the smart ones do.
by fredwilson 14y ago
they are generally accepted by the accounting profession. but not by investors. investors tend to focus on cash flow. at least the smart ones do.
- jpdoctor 14y ago> but not by investors. At least, those investors interested in the appearance of a viable company, as opposed to those who are interested in a bona fide profitable company.