Tuesday, July 17, 2012

On Waiting

The stock picker rummages through his list of business models, and selects this one:



he sifts through his files, looking for businesses employing that model, and finds this:







he then calculates this:


and waits, hopefully expectantly.

1 comment:

  1. Joe,

    Green is value, red is price, left axis is price, yellow-dotted line is no-growth value of the business.

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