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Learning From the Most Ruthless Robber Baron (Jay Gould) | Greg Steinmetz
Forward Guidance
The Origins of Valuation
Gould cared very much about valuation and he thought about it yeah in terms of how much cash he could pay himself. The dividends there weren't any taxes in those days right so it could all go out to shareholders without any tax leakage. Gould made more money investing in companies that grew than in company that didn't grow but paid out that dividends.
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