Text #747

The point is that the firm-foundation theory relies on some tricky forecasts of the extent and duration of future growth. The foundation of intrinsic value may thus be less dependable than is claimed.

—from A Random Walk Down Wall Street, a book by Burton G. Malkiel

Active since November 14, 2024.
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Instant Death Mode 36 93.86 December 28, 2018
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