If i were you, s i would be writing them, my projection of future earnings and cash flow is nowhere near the industry ceiling. So effectively, what i'm asking is, have i really looked to see that we're not hitting the ceiling, and i'm makin ridiculous projections of free cashal? And so again, we're touching here to make sure that this thing can really grow. We've talked about this before. Are you looking like so if you're out ten years, are you saying even like that ten year mark shouldn't be near theindustry ceiling, right? Still? Rom te higher mark shouldn’t be near the industry ceilings. That really kind of
In Rule #1 investing, we call “buying on sale” purchasing stocks with a Margin of Safety. All you have to do to get a big MOS is know the value of the business you are buying—as a business—and then wait to buy it until the market drops much lower than the value. Today, Phil and Danielle dive deeper into Margin of Safety valuations, and explain why understanding how to value a company is critical to stockpiling.
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