Corporate Finance: First Principles connecting to valuation. Valuation is objective search for "true" value; only questions are how much and in what form. Value creation growth requires excess returns; function of Magnitude of competitive advantages.
Corporate Finance: First Principles connecting to valuation. Valuation is objective search for "true" value; only questions are how much and in what form. Value creation growth requires excess returns; function of Magnitude of competitive advantages.
Corporate Finance: First Principles connecting to valuation. Valuation is objective search for "true" value; only questions are how much and in what form. Value creation growth requires excess returns; function of Magnitude of competitive advantages.