As you properly asserted in an older post, "the intelligent investors knows that tweaking the long term growth rate can lead to ANY value projection you want. The effect gets even stronger when the rate of growth used is close to the discount rate". The graphic below just visually shows this effect:
Smart Grocery Shopping Tactics
2 weeks ago
0 comments:
Post a Comment
We encourage your feedback and we will take your comments into serious consideration. However, you must be warned that any comment that does not follow the blog philosophy (Value Investing and Behavioural Finance) will be promptly removed.