How to Valuation a Business

Fang: I don't know if you have a price 12% yield off of an asset as good as Google like that's pretty good. There's the shortfall between what gets paid out as yield and what they've earned on the assets and reinvested but the it doesn't show up in the reinvestment so I don't. Fang: It's one of the weirdest things I find when I'm running through these little valuations just to see what this thing is roughly doing. Because I'm interested like what's Google doingwhat's Microsoft where they're trading. Where's the yield and then like a clearly there's stellar businesses right there gigantic. And they're growing just astronomical rates