By Jody Chudley When I was a kid, my grandfather was fond of reminding me that “a bird in the hand is worth two in the bush.”
What does that mean?
That something you already possess is more valuable than something you think might be better but have a less certain chance of you actually getting.
When it comes to valuing automobile manufacturers, investors today could use a lesson from my grandfather. Let me explain…
Market capitalization shows that today’s investors value hypothetical cash flow much more highly than cash flow that many companies are already producing.
Let me show you what I mean…
A Futuristic Play Already Valued …read more
