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唐朝估值法的三大前提之一:利润为真
排除那些利润主要来自应收账款、依赖变卖资产或资产重估、以及报表利润依赖大量参数假设的企业。
今天的内容中的限制性利润,也可以看成是“假利润”查看图片
引用:
2024-07-15 08:00
巴菲特致股东的信原文精读Day402:
原文:Restricted earnings are seldom valueless to owners, but they often must be discounted heavily. In effect, they are conscripted by the business, no matter how poor its economic potential. (This retention-no-matter-how-unattractive-the...