Fool Me Once Or Fool Me All The Time
Martinka Consulting
AUGUST 6, 2018
This goes back to before the stock market crash of 1929. A 1932 research paper showed firms had loaded up with cash and post-crash, “companies were flush with cash and investors beleaguered,” which they wouldn’t pay out. Zweig writes that any form of modified profit isn’t cash flow. Medical insurance expense.
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